“I believe this man we’re following is the same one who entered our house last night,” she declared. “He’s the same build as the fellow I grabbed. Besides, he fits Kano’s description of the person who bought the silken ladder.”

“Here’s hoping you’re right,” replied Jerry. “If I muff this assignment, I may wake up looking for another job.”

Fearing that the man ahead would discover he was being followed, Jerry and Penny dropped farther and farther behind. Presently they saw him enter a pawnshop.

“I know that place,” commented Jerry. “It’s run by Spike Weiser, a notorious fence. He buys stolen goods and gets rid of it at a profit. Has a swell home on Clarmont Drive.”

“Why don’t the police arrest him?”

“Oh, they watch the place, but Spike is too smart to be caught. He has a system for handling hot goods.”

“I’ll venture some of the Kohl loot was sold through him, Jerry.”

“It wouldn’t surprise me. But if the police search the place they won’t find a thing.”

Loitering on the opposite side of the street, Penny and the reporter kept close watch of the pawnbroker’s shop. Thirty minutes elapsed. The man whom they had trailed, did not reappear.

“He must have slipped out the back door,” Jerry remarked. “Probably knew he was being watched.”