Loo Look suddenly regained his composure. The Chinaman had been amazed and startled by the sudden arrival of The Shadow. Now his wits were at work.

His traps had been avoided; hence he had been surprised. But the wily Oriental possessed other threats.

He leaned backward slightly in his chair, and his elbow pressed a spot on the wall. So sly was his motion that it apparently escaped those eyes that were hidden beneath the black-rimmed hat.

“So you are The Shadow,” said Loo Look. “Who are you? How did you come here?”

The figure did not reply for a moment. Then came its words, in a low, quiet voice. They carried accusation.

“Three years ago, Loo Look,” said The Shadow, “you employed a clever man to design your passage from the house across the street. That man was an American. When he had completed his work, you murdered him.”

The Chinaman moved uneasily as the voice ceased.

The Shadow’s words were true. This mysterious avenger had revealed facts which Loo Look believed he alone possessed.

“I possessed that man’s secret,” resumed The Shadow. “I could have entered here at will. But I chose to remain away until the proper time had arrived.”

Slowly the black-cloaked figure moved forward until it hovered above the two cowering men. Then came a sinister laugh, as though The Shadow was mocking the helpless creatures who were before him. He moved back toward the door, and remained in the center of the room.