thing, but all it has given me is the reward of saving myself and possibly retrieving Lucie. As for the larger game, the bigger quarry—it's all wasted. I haven't unravelled a single thread; the first real clue came to me to-night, purely by accident. Memphis Izzy Gumberts! That's the lead to follow! I'll get rid of this Midnight Masquer foolishness and go after the real game."
Gramont was to discover that it is not nearly so easy to be rid of folly as it is to don the jester's cap and bells; a fact which one Simplicissimus had discovered to his sorrow three hundred years earlier. But, as Gramont was not versed in this line of literature, he yet had the discovery ahead of him.
Hammond reëntered the room with the tin box, from which Gramont took his stock certificates issued by Bob Maillard's oil company. He pocketed the shares.
"Does this here Miss Ledanois," asked Hammond, "play in with you in the game? Young Maillard's related to her, ain't he?"
"She's quite aware of his drawbacks, I think," answered Gramont, drily.
"I see." Hammond rubbed his chin, and inspected his employer with a twinkle denot-
