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"Do you mean when my wife and I were robbed at Carlsbad?"

I was holding my breath now as I had not held it all day. Raffles was merely smiling into his teacup as one who knew all about the affair.

"Carlsbad it was!" certified Miss Belsize, as though it mattered. "I remember now."

"I don't call that meeting your match," said the money-lender. "An unarmed man with a frightened wife at his elbow is no match for a desperate criminal with a loaded revolver."

"Was it as bad as all that?" whispered Camilla Belsize.

Up to this point one had felt her to be forcing the unlucky topic with the best of intentions towards us all; now she was interested in the episode for its own sake, and eager for more details than Mr. Levy had a mind to impart.

"It makes a good tale, I know," said he, "but I shall prefer telling it when they've got the man. If you want to know any more, Miss Belsize, you'd better ask Mr. Raffles; 'e was in our hotel, and came in for all the excitement. But it was just a trifle too exciting for me and my wife."

"Raffles at Carlsbad?" exclaimed Mr. Garland.

Miss Belsize only stared.

"Yes," said Raffles. "That's where I had the pleasure of meeting Mr. Levy." 

"Didn't you know he was there?" inquired the money-lender of our host. And he looked sharply at Raffles as Mr. Garland replied that this was the first he had heard of it.

"But it's the first we've seen of each other, sir," said Raffles, "except those few minutes this morning. And I told you I only got back last night."

"But you never told me you had been at Carlsbad, Raffles!"

"It's a sore subject, you see," said Raffles, with a sigh and a laugh. 

"Isn't it, Mr. Levy?" 

"You seem to find it so," replied the moneylender.

They were standing face to face in the firelight, each with a shoulder against the massive chimney-piece; and Camilla Belsize was still staring at them both from her place behind the tea-tray; and I was watching the three of them by turns from the other side of the hall.

"But you're the fittest man I know. Raffles," pursued old Garland with terrible tact. "What on earth were you doing at a place like Carlsbad?"

"The cure," said Raffles. "There's nothing else to do there—is there, Mr. Levy?" 

Levy replied with his eyes on Raffles:

"Unless you've got to cope with a swell mobsman who steals your wife's jewels and then gets in such a funk that he practically gives them back again!"

The emphasised term was the one that Dan Levy had applied to Raffles and myself in his own office that very morning.

"Did he give them back again?" asked Camilla Belsize, breaking her silence on an eager note.

Raffles turned to her at once.

"The jewels were found buried in the woods," said he. "Out there everybody thought the thief had simply hidden them. But no doubt Mr. Levy has the better information."

Mr. Levy smiled sardonically in the firelight. And it was at this point I followed the example of Miss Belsize and put in my one belated word.

"I shouldn't have thought there was such a thing as a swell mob in the wilds of Austria," said I.

"There isn't," admitted the money-lender readily. "But your true mobsman knows his whole blooming Continent as well as Piccadilly Circus. His 'ead-quarters are in London, but a week's journey at an hour's notice is nothing to him if the swag looks worth it. Mrs. Levy's necklace was actually taken at Carlsbad, for instance, but the odds are that it was marked down at some London theatre—or restaurant, eh, Mr. Raffles?"

"I'm afraid I can't offer an expert opinion," said Raffles very merrily as their eyes met. "But if the man was an Englishman and knew that you were one, why didn't he bully you in the vulgar tongue?"

"Who told you he didn't?" cried Levy, with a sudden grin that left no doubt about the thought behind it. To me that thought had been obvious from its birth within the last few minutes; but this expression of it was as obvious a mistake.

"Who told me anything about it," retorted Raffles, "except yourself and Mrs. Levy? Your gospels clashed a little here and there; but both agreed that the fellow threatened you in German as well as with a revolver."

"We thought it was German," rejoined Levy, with dexterity. "It might 'ave been 'Industani or 'Eathen Chinee for all I know! But there was no error about the revolver. I can see it covering me, and his shooting eye looking along the barrel into mine—as plainly as I'm looking into yours now, Mr. Raffles."

Raffles laughed outright.

"I hope I'm a pleasanter spectacle, Mr. Levy? I remember your telling me that the other fellow looked the most colossal cut-throat."

"So he did," said Levy; "he looked a good deal worse than he need to have done. His face was blackened and disguised, but his teeth were as white as yours are."

"Any other little point in common?"

"I had a good look at the hand that pointed the revolver."

Raffles held out his hands.

"Better have a good look at mine."

"His were as black as his face, but even yours are no smoother or better kept."

"Well, I hope you'll clap the bracelets on them yet, Mr. Levy."

"You'll get your wish, I promise you, Mr. Raffles."

"You don't mean to say you've spotted your man?" cried A.J. airily.

"I've got my eye on him!" replied Dan Levy, looking Raffles through and through.

"And won't you tell us who he is?" asked Raffles, returning that deadly look with smiling interest, but answering a tone as deadly in one that maintained the note of persiflage in spite of Daniel Levy.

For Levy alone had changed the key with his last words; to that point I declare the whole passage might have gone for banter before the keenest eyes and the sharpest ears in Europe. I alone could know what a duel the two men were fighting behind their smiles. I alone could follow the finer shades, the mutual play of glance and gesture, the subtle tide of covert battle. So now I saw Levy debating with himself as to whether he should accept this impudent challenge and denounce Raffles there and then. I saw him hesitate, saw him reflect. The crafty, coarse, emphatic face was easily read; and when it suddenly lit up with a baleful light, I felt we might be on our guard against something more malign than mere reckless denunciation.

"Yes!" whispered a voice I hardly recognised. "Won't you tell us who it was?"

"Not yet," replied Levy, still looking Raffles full in the eyes. "But I know all about him now!"

I looked at Miss Belsize; she it was who had spoken, her pale face set, her pale lips trembling. I remembered her many questions about Raffles during the morning. And I began to wonder whether after all I was the only entirely understanding witness of what had passed here in the firelit hall.

Mr. Garland, at any rate, had no inkling of the truth. Yet even in that kindly face there was a vague indignation and distress, though it passed almost as our eyes met. Into his there had come a sudden light; he sprang up as one alike rejuvenated and transfigured; there was a quick step in the porch, and next instant the truant Teddy was in our midst.

Mr. Garland met him with outstretched hand but not a question or a syllable of surprise; it was Teddy who uttered the cry of joy, who stood gazing at his father and raining questions upon him as though they had the hall to themselves. What was all this in the evening papers? Who had put it in? Was there any truth in it at all?

"None, Teddy," said Mr. Garland, with some bitterness; "my health was never better in my life."

"Then I can't understand it," cried the son, with savage simplicity. "I suppose it's some rotten practical joke; if so, I would give something to lay hands on the joker!"

His father was still the only one of us he seemed to see, or could bring himself to face in his distress. Not that young Garland had the appearance of one who had been through fresh vicissitudes; on the contrary, he looked both trimmer and ruddier than overnight; and in his sudden fit of passionate indignation, twice the man that one remembered so humiliated and abased.