strictly business standpoint, I'd say you quit too soon."
Spotswoode glanced up.
"You gentlemen wrong Mr. Vance," he said. "He played his hand perfectly. His withdrawal, even with four aces, was scientifically correct."
"Sure it was," agreed Allen. "Oh, boy! What a battle that was!"
Spotswoode nodded and, turning to Vance, said:
"Since the exact situation is never likely to occur again, the least I can do, by way of showing my appreciation of your remarkable perception, is to gratify your curiosity.—I held nothing."
Spotswoode put down his hand and extended his fingers gracefully toward the upturned cards. There were revealed a five, six, seven, and eight of clubs, and a knave of hearts.
"I can't say that I follow your reasoning, Mr. Spotswoode," Markham confessed. "Mr. Vance had you beaten—and he quit."
"Consider the situation," Spotswoode replied, in a suave, even voice. "I most certainly would have opened so rich a pot, had I been able to, after Mr. Cleaver and you had passed. But since I nevertheless stayed after Mr. Vance had opened for so large an amount, it goes without saying that I must have had either a four-straight, a four-flush, or a four-straight-flush. I believe I may state without immodesty that I am too good a player to have stayed otherwise. . . ."
"And I assure you, Markham," interrupted Vance, "that Mr. Spotswoode is too good a player to have stayed unless he had actually had a four-
