“Then for heaven’s sake do it,” Monty advised. “What’s hindering you?”

“A number of officious prying hirelings called customs officials. They admit that the pearls aren’t improved by the voyage, yet they want me to pay a duty of twenty per cent. if I take them home with me.”

“So you’re going to smuggle ’em,” Monty cried. “That’s a cinch!”

“Is it?” Denby returned slowly. “It might have been in the past, but things aren’t what they were in the good old days. They’re sending even society women to jail now as well as fining them. The whole service from being a joke has become efficient. I tell you there’s risk in it, and believe me, Monty, I know.”

“Where would I come in?” the other asked.

“You’d come in on the profits,” Denby explained, “and you’d be a help as well.”

“Profits?” Monty queried. “What profits?”

Denby laughed. “You simple child of finance, do you think I’m buying a million-franc necklace to wear about my own fair neck? I can sell it at a fifty thousand dollar profit in the easiest sort of way. There are avenues by which I can get in touch with the right sort of buyers without any risk. My only difficulty is getting the thing through the customs. It’s up to you to get your little excitement if you’re game.”

Monty shut his eyes and felt as one does who is about to plunge for the first swim of the season into icy water. It was one thing to talk about danger in the abstract and another to have it suddenly offered him.

Steven had talked calmly about men who wanted to part his soul from his body as though such things were in no way out of the ordinary. Suppose these desperate beings assumed Montague Vaughan to be leagued with Steven Denby and as such worthy of summary execution! But he put aside these fears and turned to his old friend.