“Another of the Duke’s tricks, I suppose?” he remarked.

“You suppose correctly,” was the answer. “You have slipped out of our hands often enough, but this time we have you. You haven’t a chance in the world.”

The Phantom was silent for a time, realizing that his captors had turned the trick neatly and with dispatch. Evidently they were men of much finer mental caliber than Matt Lunn and Dan the Dope. It had been a clever ruse, and they had set the trap very deftly.

“What’s the programme?” he inquired.

“You will see soon enough.”

The Phantom asked no more questions. Suddenly he remembered Granger, and he wondered whether the reporter had been able to follow the speeding car. It was doubtful, he thought, unless Granger had been lucky enough to find a taxicab in a hurry. Yet the fellow was resourceful and keen-witted, and it was possible——

His thoughts were rudely interrupted. The car slowed down, and almost in the same instant a hand gripped him around the throat and shoved him back against the cushion. Another hand put a cloth over his mouth, and he became conscious of a cloying, sickeningly sweetish odor. Gradually his sensations drifted into chaos as his head grew heavier and heavier. He heard voices, but they sounded as if coming from a great distance, and he had an odd feeling that the car was sliding down a bottomless abyss. Then a great void seemed to swallow him up, and he knew nothing more.

Finally, after what seemed a lapse of hours, his mind drifted out of the stupor. There was a burning sensation in his throat and he felt sick and weak. He tried to move, but something restrained him, and he had a dull impression that he was roped to a chair and that the chair itself was clamped to the floor. His eyelids fluttered weakly, and he closed them instinctively as a door opened behind him.

Two men were entering the room, and one of them was chuckling gleefully, as if he had just heard a good joke. Though his thoughts were wandering in a haze, it occurred to him that it might be well to feign unconsciousness. He closed his eyes tightly and sat motionless in the chair. The two men advanced until they stood in front of him. The Phantom felt their eyes on his face.

“Capital!” exclaimed one of them, and he thought there was something familiar about the voice. “Too bad the Duke can’t be here and see this! It would do his soul good to see his old enemy strapped to a chair. Well, Somers, I guess this will be the end of the Gray Phantom.”