What had happened to her? His imagination pictured one fearful possibility after another. The one that seemed most likely was that the Duke’s agents, aware of the Phantom’s interest in the girl, had lured her into a trap. The Duke, thorough and artful in all things, could be depended upon to miss no opportunity to make his revenge complete.

He tried to clear his mind of harrowing surmises. His situation was desperate, and now as never before he needed to think coolly and act quickly. At any moment Pinto might return, and the seconds were precious. The thought that sustained him was that his wits had never yet failed him in an emergency, and that always in the past he had contrived to squeeze out of tight corners by performing some astounding feat.

Yet, was his dismal afterthought, he had never before faced a situation quite like this. To escape with a lifeless form gyved to his hand was out of the question. He looked swiftly about the room, but saw nothing that suggested a means of deliverance. Even the pistol he had dropped had been removed by the thoughtful Pinto. If he escaped, was his conclusion, it would be only by a stroke of amazing luck.

Suddenly, as a new thought came to him, he thrust his free hand into his inside breast pocket. His face brightened a little. Pinto had overlooked something, after all. His case, with its assortment of carefully selected tools, was still there. Evidently Pinto had not thought it necessary to search his pockets. He took out the little box and ran his eyes over the snugly packed implements, each of which had been prepared with a definite purpose in view.

Quickly he tried several of his sharp-pointed tools in the locks of the handcuffs, but the mechanism was proof against manipulation, and he soon gave up the attempt. Next he picked out a small, fine-toothed saw, but he realized he would only be wasting time if he tried to cut through the chilled steel of which the links were made. It might be done if he had hours at his command.

A step sounded in the hall. One more hope remained. From his case he took a small capsule, pointed at one end and scarcely longer than a pin. It contained a combustible powder, and the Phantom had carried it with him for just such an emergency as this. Now he took one of Granger’s cigarettes from his pocket, inserted the capsule at one end, and put the cigarette in his mouth. Then he returned the case to his pocket and, just as the door came open, was making an elaborate pretense of hunting for a match.

He looked up with an air of unconcern—and in the next instant the cigarette dropped from his gaping lips. He had expected Pinto to walk in with one or more of his colleagues, but instead he saw the dwarfish creature who had handed him the paper bearing the Duke’s emblem.

For a few moments the little man remained in the doorway, sweeping the room with a quick, nervous glance, then closed the door and came forward. Mechanically the Phantom restored the cigarette to his lips while staring at the queer intruder. The electric light lent a yellow tinge to his shriveled face—a face so gloomy and sour that it gave the impression of never having been lit up by a grin. He drew a pistol from his pocket as he approached the Phantom.

“Well, Granger, you sure got into a mess,” he observed, speaking in a wheezy, drawling voice.

“So it seems,” agreed the Phantom, his mind working quickly. “Got a match?”