So the young reporter dictated the remainder of the account to another person in the Leader

office, while Mr. Newton was pounding away on the typewriter at his section.

Thus it went on in relays. The first part of the story was in type before Larry had finished his end of it. Then, as there was no more time to get anything further in for the first edition, Larry went back to where he had left Mr. Potter, Grace and Fritsch in the automobile. Mr. Potter gave the young reporter some additional particulars.

He explained that he had learned, while in Europe, of a mix-up in New York politics that involved his company, which was building the new subway line. Sullivan, Kilburn and Reilly were factors in the game, and the control of the assembly district would go to whoever could bring about the opening of the new subway route through it.

Mr. Potter repeated, more at detail, how there was likely to be a big law-suit over the matter, which would tie up operations for a year, and which would force down the price of the stock so that many small investors would lose all they owned.

"I had promised Sullivan to do as he wanted, in case he supported Reilly," Mr. Potter went on. "Later I found I could not do as I had agreed without getting tangled up in the legal conflict. They wanted to serve certain papers on me, and get me into the jurisdiction of the law courts, so I decided, in order to protect those who were un

able to protect themselves, to disappear. I was aware that a wrong construction might be placed on it, that it would subject me to much criticism, that it would be hard and that it would cause distress to my family and friends. But there was no other way in which I could aid the helpless, so I decided to do it."

The millionaire explained how he had sailed from Italy under an assumed name, after arranging there with his friend, Mr. Simonson, to precede him to New York, do certain work, and keep him informed of how matters went. Simonson took the name Mah Retto, which had a foreign sound, and could be depended upon to deceive Mr. Potter's enemies. Mr. Simonson was of dark complexion and looked like an East Indian. The name was formed from some of the letters making up the millionaire's name. Retto's handwriting was very similar to that of Mr. Potter's, and easily passed for it, even under the scrutiny of Grace and her mother. The man himself bore a remarkable resemblance to the millionaire and nearly deceived Grace once.

Most unexpectedly, some of Mr. Potter's enemies got on the trail of Retto, and he learned they would be waiting for him when he landed in New York. He decided to elude them.

He was aboard the Olivia when the ship struck on the bar, and resolved to take a desperate chance and come ashore on a life-raft. He did, and Larry and Bailey rescued him. Then fol