The newsman at Piccadilly and St. James's Street had his bill of news wares pasted on the pavement. Even he who ran by means of a swift hansom-cab might read the huge black letters. There was but one article on the bill. Black type, three inches long, shouted:

HORRIBLE DISASTER!

H.M.S. "VICTORIA" RAMMED AND SUNK!

FOUR HUNDRED LIVES LOST!

As Fabian Wendell, London correspondent of the New York Intelligence, and his friend Carter, just from New York, were whirled out of St. James's Street into Piccadilly, Wendell's eye caught the announcement. He lifted the trap in the top of the cab and told cabby to pull into the pavement and hail the newsman.

"ALL THE PAPERS," SAID WENDELL.

"All the papers," said Wendell, and straightway had the afternoon rainbow—the pink Star, the yellow Globe, the white Pall Mall, the pale gray Standard, and the green Westminster.

"What is the matter?" asked Carter.

"Great news," replied Wendell, opening the Pall Mall, and pointing to a "scare head" half a column long. Under the head-lines was this short despatch: