"No! I would have seen him. The water was unruffled except for the disturbance caused by his dive. The poor devil must have sunk to the bottom. Perhaps one of my shots took effect."

"I don't like this," muttered Arnold. "I would not have that conversation overheard for the crown of England. An enemy was near. I hope to God he is in the bottom of the river."

"Still, I may have hit him. I was no more than fifty yards away."

"I shall have the bed dragged in the morning. I could not rest without finding him. His identity must be learned."

Leaving the settees, they set off in the direction of the house, entering by the rear door. The servants were already in alarm over the shooting and were standing in a group behind the threshold motionless with awe. Peggy paused to assure them of their safety, narrating briefly the cause of the disturbance, together with the probable fate of the spy. She rejoined her husband and his guest in the drawing-room.

"I wonder who the intruder was?" Arnold muttered. There was a look of worry and anxiety on his face. His fingers nervously locked and interlocked, and the next moment grasped his chin and rubbed his cheek. He put his foot upon the stool and took it down again. Then he sat forward in his chair.

"Reed is behind this," he ejaculated. "You will find out that I am right. Reed has done this, or has sent one of his lieutenants. Damn him! He has hounded me."

"I may have been tracked. Perhaps it was I who was sought. My late movements might have created suspicion, and it is possible that I was shadowed here."

"No, Anderson. No! It was not you they were seeking. It is I, I tell you. Reed has been watching me like a sharpshooter from the day I arrived. He has been the author of the rumors which you have heard about town, and he would risk his life to be enabled to establish a serious charge against me. I am sure of it. Reed is behind this; Reed and the City Council."

"It was a nimble form——"