"Well," drawled Mr. Baggold, "there are some points that I may be able to explain to you. Of course I don't want to put you to any trouble for nothing. If it is worth something to me not to have notoriety thrust upon me, of course, on the other hand, it might be worth something to you to cause the notoriety. But just excuse me a moment."

Mr. Baggold arose hastily and stepped into a rear room, apparently his library or study.

"H'm," thought Fred to himself. "This old chap talks as though he were going to offer me money. I'd just like to see him try! I'd give him such a roasting as he has never had before! Some of these crooked old millionaires think that sort of thing works with reporters, but I'll show him that it does not. I have never known a newspaper man yet that would accept a bribe."

And as Fred mused in this fashion, Mr. Baggold returned. He bore a long yellow envelope in his hand.

"Here," he said, "are some papers and other things that I should like to have you look over before you write the article. I think they will influence you in your opinion of the matter. I am sorry I cannot tell you any more just now, but I have an appointment which I must keep. Take these papers and look them over at your leisure, and if you find later this evening that they are not satisfactory, I will talk with you further. Good-afternoon, sir. I hope you will excuse me for the present."

And so saying he handed the envelope to Fred, bowed pleasantly, and left the room. Fred had been standing near the door, and so he put the envelope in his pocket and went out. He walked a few blocks down the street, and went into the large hotel on the corner in order to get out of the storm and to find some quiet place where he might look over Mr. Baggold's documents. He was very curious to see what they could be. He found a seat in a secluded corner of the office, and there tore open the envelope. To his disgust, it contained three ten-dollar bills, and a brief note, unsigned, which read,

"The accompanying papers will show you that the matter we spoke of is not of sufficient importance to be published."

Fred Hallowell was furious. This was the first time in his brief career as a newspaper man that anything like this had happened to him. He grew red in the face, his fingers twitched, and he felt as if he had never before been so grossly insulted. As he sat in his chair, fuming and wondering what he should do, Griggs, the fat and jolly political reporter of the Gazette, came up to him and said, laughing,

"Well, you look as if you were plotting murder!"

"I am—almost!" exclaimed Fred, and then he told Griggs all about what had happened.