Goldstein had not appeared downstairs, therefore after luncheon, I went forth again, taking the road northward from Grantown, and just as I was passing beneath the castellated railway-bridge about a mile and a half from the hotel, I again suddenly saw straight before me the wonderful Kershaw aeroplane. The car looked like a long, thin cylinder of bright silvery metal, which I took to be aluminium, and in it I discerned two men.

It travelled in a circle several times over the tree-tops, and then, just as at Dulnan Bridge, it dived straight away over the dark pine forest towards the lonely moors of Cromdale. Without a second's hesitation I mounted and rode full speed after her, keeping her well in sight as I went towards Deva.

Yet scarcely had I gone half a mile when I again heard behind me the "pop-pop-pop" of another cycle, and turning, saw to my satisfaction the man Goldstein, who had evidently seen the aeroplane, and was now bent upon obtaining all details of it.

Going up the hill I drew away from him, but as we descended he passed me, and in order to pose as an excited onlooker, I shouted to him my surprise in seeing such an apparatus in the air.

He evidently knew more of the new invention than I did. And yet Ray held aloof from me.

Next day, having been out for a stroll, I returned to the hotel about noon, when a few moments later my friend entered the reading-room.

"Let's go to your room," he suggested; therefore we ascended the stairs, and I opened the door with my key.

As soon as I had done so, he made a swift tour of the apartment, examining both the carpet and the red plush-covered chairs without uttering a word.

Then he stood in the centre of the room for a moment, and slowly selected a cigarette from his case. Ray Raymond was thinking—thinking deeply.

"Your friend Goldstein has a visitor," he remarked at last.