Flockart's eyes met his. In them was a curious expression, almost a glitter.

Krail understood. He shrugged his shoulders, but uttered no word. His gesture was, however, that of one unconvinced. Adventurer as he was, ingenious and unscrupulous, he lived from hand to mouth. Sometimes he made a big coup and placed himself in funds. But following such an event he was open-handed and generous to his friends, extravagant in his expenditure; and very soon found himself under the necessity to exercise his wits in order to obtain the next louis. He had known Flockart for years as one of his own class. They had first met long ago on board a Castle liner homeward bound from Capetown, where both found themselves playing a crooked game. A friendship begotten of dishonesty had sprung up between them, and in consequence they had thrown in their lot together more than once with considerable financial advantage.

The present affair was, however, not much to Krail's liking, and this he had more than once told his friend. It was quite possible that if they could discover the mysterious source of this blind man's wealth they might, by judiciously levying blackmail through a third party, secure a very handsome income which he was to share with Flockart and her ladyship.

The last-named Krail had always admitted to be one of the cleverest women he had ever met. His only surprise had been that she, as Sir Henry's wife, was unable to get at the facts which were so cleverly withheld. It only showed, however, that the Baronet, though deprived of eyesight, was even more clever than the unscrupulous woman he had so foolishly married.

Krail held Lady Heyburn in distinct distrust. He had once had dealings with her which had turned out the reverse of satisfactory. Instinctively he knew that, in order to save herself, if exposure ever came, she would "give him away" without the least compunction.

What had puzzled him for several years, and what, indeed, had puzzled other people, was the reason of the close friendship between Flockart and the Baronet's wife. It was certainly not affection. He knew Flockart intimately, and had knowledge of his private affairs; therefore he was well aware of the existence of an unknown and rather insignificant woman to whom he was in secret devoted.

No; the bond between the pair was an entirely mysterious one. He knew that on more than one occasion, when Flockart's demands for money had been a little too frequent, she had resisted and attempted to withdraw from further association with him. Yet by a single word, or even a look, he could compel her to disgorge the funds he needed, for she had even handed him some of her trinkets to pawn until she could obtain further funds from Sir Henry to redeem them.

As they walked together along the white Corniche Road, their faces set towards the gorgeous southern afterglow, while the waves lapped lazily on the grey rocks, all these puzzling thoughts recurred to Krail.

"Lady Heyburn seems still to remain your very devoted friend," he remarked at last with a meaning smile. "I see from the New York Herald what pleasant parties she gives, and how she is the heart and soul of social merriment in San Remo. By Jove, James! you're a lucky man to possess such a popular hostess as friend."

"Yes," laughed Flockart, "Winnie is a regular pal. Without her I should have been broken long ago. But she's always ready to help me along."