"Is he—is he a swindler?" asked Dick, faintly.

"One of the slickest in New York," was the answer. "His game is to sell fake bonds in companies that never existed, though some of them are legally organized. Once in a while, just to fool the police, he deals in regular stocks, but the kind he usually sells are fake ones. I'm the hotel detective," the man went on. "We have to be always on the lookout for such chaps as he is, especially when we have young millionaires stopping at the house," and he smiled at Dick.

"I'm much obliged to you," answered Dick heartily. "You've saved me a considerable sum."

"That's what I'm here for," returned the detective cheerfully. "Don't go buying any gold bricks, now," and, with a nod at the boys, he was gone.

"Well, wouldn't that rattle your teeth!" exclaimed "Bricktop." "I've read about those confidence men and green-goods swindlers, but I never saw one before."

"Me, either," remarked Frank Bender. "Say, this will be something to tell the folks back home," and, in the excitement of his spirits he tried to stand on his head in a washbowl on the stand. It was full of water, and his acrobatic feat was brought to an abrupt end as he lifted his head, dripping wet.

"That's a new way to do it!" exclaimed Walter Mead, with a laugh.

"Ugh! Burrrr! Wow! Whew! Give me a towel, quick!" yelled Frank. "The water had soap in it, and it's got in my eyes!"

He groped around with outstretched hands, seeking a towel, which, after he was able to stop laughing, Dick handed him.

"Did you know that Colonel Dendon was a swindler?" asked Walter of Simon, when the excitement had somewhat subsided.