She accordingly took my hand and stepped into the boat, after which the men ran it into the water.

"Now, Mr. President," I continued, "if you will be so kind as to get in, I think we had better be moving."

He hesitated for a moment.

"Before we do so, might I have a word with you in private, Señor Trevelyan?" he said. "I will not detain you more than a few moments."

I answered in the affirmative, and we moved a few paces away together. To make sure that he played no trick upon me, I took my revolver from my pocket and carried it somewhat ostentatiously in my hand. He noticed the precaution and gave utterance to one of his peculiar laughs.

"You need have no fear," he said. "I shall not run away. My heart, as you may have heard, is a little weak, and I am afraid a sharp run on this sand would not tend to improve it. Let us talk here. Now, Señor Trevelyan, I am going to put a very simple question to you. I very naturally presume that you have been well paid by my rival, Don Guzman de Silvestre, to effect my capture and deportation?"

"It is scarcely necessary for me to admit that fact," I answered. "Yes! All things considered, I am very well paid."

"Needless to remark," he continued, "I have no desire to leave Equinata. Nor am I anxious to find myself in my old enemy's hands. The question I wish to put to you, therefore, is this: What would your price be to let me go?"

"I cannot answer that question," I replied, "and for the simple reason that I am unable to let you go at all."

"I should be willing to pay a large sum in cash, and, what is more, I would give you a substantial guarantee that, if you would leave La Gloria to-morrow, I would let you depart in peace."