“Never mind that now, Colonel, please,” besought Jack. “I must speak to you alone at once.”

“Certainly,” said the military man, realizing that Jack must have some serious news. He excused himself to his friends and stepped aside, while Jack, in a swift, eager, low tone, told him what he feared had occurred.

“Colonel Minturn must have bad news,” said one of the ladies of the gay party with which the colonel had been chatting. “Look, he’s as white as a ghost!”

“That scare-crow messenger has brought him some news that has given him a shock evidently,” commented one of the men.

But although Jack’s message of the probable theft of the Panama papers had shaken the colonel to the fibers of his being, the long training of a military officer stood him in good stead at that crucial moment. By a supreme effort he steadied his nerves, and in the most casual voice in the world excused himself to his friends, saying that he would be back before long.

“I’ve a friend here who has a fast auto,” he said to Jack, as the two thrust their way through the throng, who gaped at the spectacle of the distinguished-looking man in evening clothes and his disreputable appearing companion.

“We must get it and work quick,” he went on, “there’s a chance even yet that we can stop that yacht.”

“If only I hadn’t lost my way,” said Jack, “we’d have saved a lot of precious time.”

Colonel Minturn found his friend, and the auto with its chauffeur was willingly loaned. They jumped into the fast machine and were off, after Colonel Minturn had given directions to drive first to the ship. They found old Schultz guarding the safe. The reek of the explosive was still heavy in the air.

Utterly regardless of his apparel, Colonel Minturn dived in among the blackened contents. There were packages of money, costly jewels and other valuables, but the most important contents of the safe—the papers which the colonel had hoped against hope might have been overlooked by the thief—were gone.