"I have stated my case, gentlemen," he continued quietly, very quietly. "Now for my proposition. Briefly it is this: For a consideration I will destroy the unlimited supply. I will bind myself to secrecy, as you must; I will guarantee that no stone from the same source is ever offered in the market or privately, while you gentlemen," and his manner was emphatically deliberate, "purchase from me at one-half the carat price you now pay one hundred million dollars' worth of diamonds!"

He paused. There was not a sound; no one moved.

"You may put them on the market as you may agree, slowly, thus preventing any material fluctuation in value," he went on. "How to hold this tremendous reserve secretly and still permit the operation of the other diamond mines of the world is the great problem you will have to face."

He leaned over, picked up a handful from the heap and replaced them in the leather bag. The others he swept off into it, then snapped the lock.

"I will give you one week to decide what you will do," he said in conclusion. "If you accept the proposition, then six weeks from next Thursday at three o'clock I shall expect a cash payment of ten million dollars for a portion of the stones now cut and ready; within a year all the diamonds will have been delivered and the transaction must be closed." He hesitated an instant. "I'm sorry, gentlemen, if the terms seem hard, but I think, after consideration, you will agree that I have done you a favor by coming to you instead of going into the market and destroying it. I will call next Thursday at three for your answer. That is all. Good day!"

The door opened and closed behind him. A minute, two minutes, three minutes passed and no one spoke. At last the German came to his feet slowly with a sigh.

"Anyhow, gendlemens," he remarked, "dat young man has a hell of a lod of diamonds, ain'd id?"

CHAPTER V

THE ASTUTE MR. BIRNES

It was a few minutes past four o'clock when Mr. Wynne strode through the immense retail sales department of the H. Latham Company, and a uniformed page held open the front door for him to pass out. Once on the sidewalk the self-styled diamond master of the world paused long enough to pull on his gloves, carelessly chucking the small sole-leather grip with its twenty-odd million dollars' worth of precious stones under one arm; then he turned up Fifth Avenue toward Thirty-fourth Street. A sneak thief brushed past him, appraised him with one furtive glance, then went his way, seeking quarry more promising.