"Madame Delorme," Lanyard said slowly and with meaning, "I have known many years. Her friendship I value highly. I should be very sad to do anything to deserve her enmity."

"You are provoking!" Folly declared—"forever tantalizing one with hints. I presume you mean me to understand she's the notorious demi-mondaine you mentioned."

"Has Liane told you nothing about herself?"

"Oh heaps! but—"

"Then I beg you to excuse me from saying anything that might, possibly through my ignorance of the true facts, conflict with her confidences."

"Beast!" said Folly McFee with feeling, and made him a face of pique. "I suppose it's no use trying to pump you about that international jewel thief . . ."

"None whatever, madame."

"Of course, you mean the Lone Wolf."

"But why that one?"

"Peter Pagan was talking about him at the Ritz tonight, told us there was a rumour the Lone Wolf had convalesced from his reformation and was on the loose again, right here in New York."