Never shall I forget that astounding spectacle. Even as I think of it now, it rises once more before me.

The room, though low, was very long and very broad; I guessed at once that originally it must have been a cellar, or possibly a series of cellars. Now as the brilliant electric rays from a dozen powerful ceiling lamps shone down through their tinted shades, they lit up a collection of treasure such as few indeed can have gazed upon.

Heaped upon trays on tables all about the room were unset precious stones of every conceivable description, which glittered and scintillated in the most wonderful way imaginable. Upon the floor, in rough, uncovered boxes, heaps of gold bracelets and brooches, gold rings and gold chains, gold ornaments and trinkets, and bits of miscellaneous jewellery were piled high in inextricable confusion, as though they had been tossed there to be thrown on to a waste heap. Upon the ground were bars of gold, the thickness of a brick, ranged carefully in rows. At one end of the room was a small smelting furnace, not now alight, and above it an iron brazier. Upon the walls hung sets of furs, many seal-skin and ermine, while at one side of the room, upon the ground, lay piled up some thousands of silver spoons and forks, also silver drinking cups and candlesticks, many silver salvers, and an endless assortment of silver articles of every kind.

When at last I had recovered from my astonishment, I turned abruptly to François, who stood at my elbow.

"This, I suppose," I said, speaking in a whisper, "is a sort of clearing-house for stolen property."

He nodded.

"The largest in the whole of France"he added a moment later, "the largest, possibly, anywhere in Europe. Stolen goods come here from all the Continental centres; also from Great Britain, the United States, and even from Australia."

"But surely," I said, "the police know of this place?"

"They know that it exists, but they don't know where it is. You see how implicitly I trust you, what faith I place in the honour ofa gentleman."

"I think not," I corrected. "You know that my tongue is tiedbecause you saved my life. That is why you trust me."