"You insult me!" thundered Don Carlos, springing up from his chair and bringing his clenched fist down on the table with a crash. "El Diablo Cojuelo has never broken his word and has kept his every promise, yet you dare to suggest he would not fight fair. Let me insult you in return, Señor Standish, by suggesting you are too much of a coward to fight for the girl you profess to love, and would surrender her rather than suffer pain."

"Confound you, you ruffian! How dare you talk to me in that fashion!" burst out Tony, forgetting his position, and taking an impulsive step forward—only to be seized roughly by his guards, one of whom jabbed the point of a knife against his breast. Tony flinched, then he shrugged his shoulders and faced the hooded figure disdainfully.

"Easy to take the high hand and to fling insults at a man when you have a lot of armed ruffians to protect you!" he said sarcastically. "What's the idea, anyhow? Why not get down to business instead of spouting a lot of balderdash?"

"I can dispense with the protection of the guards," Don Carlos remarked. "Garcilaso and Riafio, you will withdraw and leave me to deal with the señor. Wait outside," he added in Spanish.

He resumed his seat as the guards left the room, and Myra could see his eyes gleaming like black diamonds through the slits in his mask.

"Well, how much will you take to set Miss Rostrevor at liberty?" inquired Tony impatiently, after a pause. "I am sick of all this bluff and nonsense, being brought here blind-folded, and all that sort of thing, by another fellow dressed like you. The whole thing seems to me a fake, and it seems to me you must be in league with the authorities, else how could you have a place like this—electric light and all the rest of it—without being spotted?"

"Strange, is it not, Señor Standish?" responded Don Carlos, and his muffled voice had laughter in it. "Yet I assure you I am not in league with the authorities, and even Don Carlos, who prides himself on knowing practically every foot of the mountain range, failed to find my stronghold. Even a Division of your wonderful British Army and all your Scotland Yard would not discover the nest of El Diablo Cojuelo. You and Miss Rostrevor are as completely lost to the world here, and as helpless as you would be if the earth had swallowed you up."

"Oh, I quite realise you are in a position to dictate terms at present, if that's what you are getting at?" Tony exclaimed. "Why not get down to business without all this palaver? Look here, I'll pay you 10,000 pesetas to set Miss Rostrevor at liberty and give her safe conduct back to the Castle de Ruiz."

"Ten thousand pesetas," repeated Don Carlos. "Dios! Ten thousand pesetas! Miss Rostrevor, I congratulate you! Ten thousand pesetas are the Spanish equivalent of about sixty pounds, in English money. You see what a fabulous value your lover places on you. Sixty pounds! You must indeed feel flattered!"

Tony Standish's face crimsoned in annoyance, and a vicious expression flashed into his pale blue eyes.