“Let Mr. Clayton look at them and see what’s inside.”

The bags were given to Clayton, and while he went hastily through their contents and saw that they made up a large part of the Stephen Reed booty, including the sultan’s pearls, Patsy found the flat packing inside Rayne’s shirt.

“That about makes the tally,” said Clayton. “How can I ever thank you, Mr. Carter?” he added, with something like a sob.

“Nonsense,” was Nick Carter’s reply. “It was all in the day’s work. Now that we’ve got the jewelry, we’ll watch it closer than we did before.”

“When are we going to New York?” asked Patsy.

“As soon as we can get a ship to take us,” said Nick earnestly.

“What are you going to do with this fellow?” asked Captain Douglas, stirring John Garrison Rayne with his foot. “Do you want to take him to New York to answer to this charge of stealing the jewelry, or will you leave him in San Juan, to be put through in our criminal courts?”

“You can have him,” laughed Nick Carter.

THE END.

“The Clew of the White Collar; or, Nick Carter on a Twisted Trail,” will be the title of the long, complete story which you will find in the next issue, No. 144, of the Nick Carter Stories, out June 12th. In the forthcoming story you will read of the further adventures of the famous detective with the clever John Garrison Rayne.