“Which they are likely to do,” said Nick.

Marcos fumbled under his pillow and brought out a chamois leather bag which he had worn around his neck under his clothing, but had taken off when his valet had undressed him.

Phillips knew that his employer always had this bag under his pillow. He often had assisted him to remove the cord from his neck without making any comment. Any well-trained valet would do that.

“Here is something you must take, Carter,” said Marcos.

He fumbled in the bag, and took out a richly jeweled watch and diamond fob. Laying them on the counterpane, he regarded the fire and luster of the precious stones admiringly.

“This watch is known as the Seal of Gijon,” he remarked quietly. “It has been handed down in my family through a dozen generations, and is the insignia of the reigning house of Joyalita. You see that it is old-fashioned in design. But it is an accurate timekeeper, and its value, merely as gold and gems, is several thousand dollars.”

“I know that,” nodded the detective. “I’ve seen the watch before, you will remember.”

“Yes, I remember. But here is something that perhaps you have not seen,” continued Marcos, as he pressed a spring. “This is the great seal of Joyalita, and it must be used on all official documents. You will perceive that it is in the form of a double-headed dragon, with the letter ‘J’ twisted about it like a rope.”

Nick Carter bent over the watch and admired the ingenuity with which the seal—almost as large around as the watch case itself, but fitting just inside—would stand forth when the spring was pressed, so that it could be used on sealing wax.

He put the Seal of Gijon carefully in an inside waist-coat pocket, and went away, after promising to come back before he started on his long journey to Penza, in Joyalita.