Slowly he drew out the purse. It was one of those limp silk affairs so much affected by our ancestors. He balanced it on his hand. Its ends bulged with gold and bank-notes. Before I was aware of his intention, he swung one end of it in so deft a manner that it struck me squarely between the eyes. With a crash of glass he disappeared through the window. The blow dazed me only for a moment, and I was hot to be on his tracks. The Honorable Betty stopped me.

"He may shoot you!" she cried. "Don't go!"

Although half through the window, I crawled back, brushing my sleeves. Something warm trickled down my nose.

"You have been cut!" exclaimed her Highness.

"It is nothing. I beg of you to let me follow. It will be all over with that fellow at large."

"Not at all." Her Highness' eyes sparkled wickedly. "He will make for the nearest frontier. He knows now that I shall not hesitate a moment to put his affairs in the hands of the police."

"He will boast of what he has done."

"Not till he has spent those thousand crowns." She crossed the room and knelt at the side of Leopold, dashing some water into his face. Presently he opened his eyes. "He is only stunned. Poor Leopold!"

I helped the old man to his feet, and he rubbed the back of his head grimly. He drew a revolver from his pocket.

"I had forgotten all about it," he said contritely. "Shall I follow him, your Highness?"