"It is Raymond Blütherski!" he gasped when he was again alone. "I am ruined!"

Chapter II.

There was not an instant to be lost. Dashing down the steps of the Foreign Office, Carmichael leapt into the waiting motor and shouted hoarsely to the driver. A moment later the car was disappearing rapidly down the street.

Chapter III.

Felix Capperton, the detective whose fame had penetrated two hemispheres, was playing chess with his daughter Madge, a tall and beautiful blonde. Suddenly the door opened and Carmichael entered hastily. In a few tense words he explained the situation to the famous sleuth, while Madge Capperton stood silent, pressing her hands to her heart.

The detective pointed meaningly at the chessboard, and Carmichael bent over it with an expectant face.

"It is checkmate!" he said.

"We will checkmate Blütherski!" replied the other confidently.

The eyes of the Foreign Secretary met those of the girl and a sympathetic smile passed between them.

Chapter IV.