Since the day when he had stolen those notes from the coat pocket of his accomplice, and locked him in the trap so that the police should arrest him, and thus give him time to escape—for Silas P. Hoggan and Ralph Ansell were one and the same person—things had prospered with him, and he had cultivated an air of prosperous refinement, in order to move in the circle of high finance.

After his escape across the Seine, he had sought refuge in the house of a friend in the Montmartre, where he had dried the soddened bank-notes and turned them into cash. Then, after a week, he had taken the night rapide to Switzerland, and thence to Germany, where in Berlin he had entered upon financial undertakings in partnership with a “crook” from Chicago. Their first venture was the exploiting of a new motor tyre, out of which they made a huge profit, although the patent was afterwards found to be worthless. Then they moved to Russia, and successively to Austria, to Denmark, and then across to the States.

Losses, followed by gains, had compelled him of late to adopt a more certain mode of living, until now he found himself in London, staying at one of its best hotels—for like all his class he always patronised the best hotel and ate the best that money could buy—and earning a precarious living by finding “pigeons to pluck,” namely, scraping up acquaintanceship with young men about town and playing with them games of chance.

As a card-sharper, Silas P. Hoggan was an expert. Among the fraternity “The American” was known as a clever crook, a man who was a past-master in the art of bluff.

Yet his friend’s warning had thoroughly alarmed him.

The circumstance which had been recalled was certainly an ugly one.

He had found his victims there, in a swell bar, as he had often found them. About many of the London hotels and luxuriously appointed restaurants and fashionable meeting places are always to be seen young men of wealth and leisure who are easy prey to the swindler, the blackmailer, or the sharper—the vultures of society.

A chance acquaintanceship, the suggestion of an evening at cards, a visit to a theatre, with a bit of supper afterwards at an hotel, was, as might be expected, followed by a friendly game at the rooms of the elder of the two lads at Knightsbridge.

Hoggan left at three o’clock that morning with one hundred and two pounds in his pocket in cash and notes, and four acceptances of one hundred pounds each, drawn by the elder of the two victims.