The pair whom he was engaged in watching had been playing at roulette with five-franc pieces, and the woman was now counting her gains and laughing gaily with her husband as she slowly sipped her tea flavoured with orange-flower water. They were in ignorance of the presence of that lynx-eyed man in grey flannels and straw hat who smoked his cigarette leisurely and appeared to be so intensely bored.

No second glance at Fetherston was needed to ascertain that he was a most thorough-going cosmopolitan. He usually wore his pale-grey felt hat at a slight angle, and had the air of the easy-going adventurer, debonair and unscrupulous. But in his case his appearance was not a true index to his character, for in reality he was a steady, hard-headed, intelligent man, the very soul of honour, and, above all, a man of intense patriotism—an Englishman to the backbone. Still, he cultivated his easy-going cosmopolitanism to pose as a careless adventurer.

Presently the pair rose, and, crossing the palm-lined place, entered the casino; while Walter, finishing his "mazagran," lit a fresh cigarette, and took a turn along the front of the casino in order to watch the pigeon-shooting.

The winter sun was sinking into the tideless sea in all its gold-and-orange glory as he stood leaning over the stone balustrade watching the splendid marksmanship of one of the crack shots of Europe. He waited until the contest had ended, then he descended and took the rapide back to Nice for dinner.

At nine o'clock he returned to Monte Carlo, and again ascended the station lift, as was his habit, for a stroll through the rooms and a chat and drink with one or other of his many friends. He looked everywhere for the Swiss pair in whom he was so interested, but in vain. Probably they had gone over to Nice to spend the evening, he thought. But as the night wore on and they did not return by the midnight train—the arrival of which he watched—he strolled back to the Métropole and inquired for them at the bureau of the hotel.

"M'sieur and Madame Granier left by the Mediterranean express for Paris at seven-fifteen this evening," replied the clerk, who knew Walter very well.

"What address did they leave?" he inquired, annoyed at the neat manner in which they had escaped his vigilance.

"They left no address, m'sieur. They received a telegram just after six o'clock recalling them to Paris immediately. Fortunately, there was one two-berth compartment vacant on the train."

Walter turned away full of chagrin. He had been foolish to lose sight of them. His only course was to return to Nice, pack his traps, and follow to Paris in the ordinary rapide at eight o'clock next morning. And this was the course he pursued.

But Paris is a big place, and though he searched for two whole weeks, going hither and thither to all places where the foreign visitors mostly congregate, he saw nothing of the interesting pair. Therefore, full of disappointment, he crossed one afternoon to Folkestone, and that night again found himself in his dingy chambers in Holles Street.