“You will not think it rude, I hope,” Trent said with a show of politeness, “if I say that you seem to be much more interested in my business than I am in yours.”

“I admire your national trait of frankness,” Kaufmann smiled, “and will copy it. I am a merchant of Zurich, at Bahnhof street, the largest dyer of silk in Switzerland. This much you may find through your State Department if you choose.”

“And owing to lack of business have taken up a study of crime?” Trent commented. “Your frankness impresses me favorably, Mr. Kaufmann. I still do not see why you visit me at this hour.”

“We shall make it plain,” Mr. Kaufmann assured him cordially. “First let me tell you that my business is in danger. This dye situation is likely to ruin me. I have, or had, the formulae of the dyes I used. They were my property.”

“German formulae!” Trent exclaimed.

“Swiss,” Kaufmann corrected, “bought by me, and my property. They have been stolen from my partner by an officious amateur detective—one of your allies—and brought here. The ship should be in shortly. He will stay in New York a day or so before going to Washington. When he goes he will take with him my property, my dye formulae. He will enrich American dyers at my expense.”

“You can’t expect me to feel grieved about that,” Anthony Trent said bluntly.

“I do not,” said Kaufmann. “But I must have those formulae.” He leaned forward and touched Trent on the arm. “You must get them.”

Trent knocked the gray ashes from his pipe. The merchant of Zurich gazed into a face which wore amusement only. He was not to know the dismay into which his covert threat had thrown the younger man. Without doubt, Trent told himself, this stranger must have stumbled upon something which made this odd visit a logical one, some discovery which would be a sword over his head.

“In your own country,” said Trent politely, “I have no doubt you pass for a wit. To me your humor seems strained.”