"Why do you think I kept that hanging on the wail all these years?" he demanded.

Francis nodded as if the one accepted explanation was their tried and ancient friendship.

"Guess again," Regan sneered grimly.

Francis shook his head in perplexity.

"So I shouldn't ever forget him," the Wolf went on.

"And never a waking moment have I forgotten him.

Remember the Conmopolitan Railways Merger? Well, old R.H.M. double-crossed me in that deal. And it was some double-cross, believe me. But he was too cunning ever to let me get a come-back on him. So there his picture has hung, and here I've sat and waited. And now the time has come."

"You mean?" Francis queried quietly.

"Just that," Regan snarled. "I'v,e waited and worked for this day, and the day has come. I've got the whelp where I want him at any rate." He glanced up maliciously at the picture. "And if that don't make the old gent turn in his grave…"

Francis rose to his feet and regarded his enemy curiously. "No," he said, as if in soliloquy, "it isn't worth it." "What isn't worth what?" the other demanded with swift suspicion.