"Come on," he said, after the first salutations were over. "Rand will be at the Thirty-third Street subway at 5.15, and it is important that we should catch him before he gets to Fifth Avenue."

"I'm glad it's to be on a side street," I remarked, my heart beating rapidly with excitement over the work in hand, for the more I thought of the venture the less I liked it.

"Oh, I don't know that it will be," said Holmes, carelessly. "I may pull it off in the corridors of the Powhatan."

The pumps in my heart reversed their action and for a moment I feared I should drop with dismay.

"In the Powhatan—" I began.

"Shut up, Jenkins!" said Holmes, imperatively. "This is no time for protests. We're in it now and there's no drawing back."

Ten minutes later we stood at the intersection of Thirty-third Street and Fifth Avenue. Holmes's eyes flashed and his whole nervous system quivered as with the joy of the chase.

"Keep your mouth shut, Jenkins, and you'll see a pretty sight," he whispered, "for here comes our man."

Sure enough, there was Billington Rand on the other side of the street, walking along nervously and clutching an oblong package, wrapped in brown paper, firmly in his right hand.

"Now for it," said Holmes, and we crossed the street, scarcely reaching the opposite curb before Rand was upon us. Rand eyed us closely and shied off to one side as Holmes blocked his progress.