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The police were puzzled. The two fishermen who sighted the Lola and first gave the alarm of her danger, declared that when they drew alongside and proffered assistance the captain threatened to shoot the first man who came aboard.

"They were English!" remarked the sturdy, brown-faced toilers of the sea, grinning knowingly. "And the English, when they drink their cognac, know not what they do."

"Did you get any reward for returning to harbor and reporting?" I asked.

"Reward!" echoed one of the men, the elder of the pair. "Not a soldo! The English only cursed us for interfering. That is why we believed that they were trying to make away with the vessel."

The description of the Lola, its owner, his guest, and the captain were circulated by the police to all the Mediterranean ports, with a request that the yacht should be detained. Yet if the vessel were really one of mystery, as it seemed to be, its owner would no doubt go across to some quiet anchorage on the Algerian coast out of the track of the vessels, and calmly proceed to repaint, rename and disguise his craft so that it would not be recognized in Marseilles, Naples, Smyrna, or any of the ports where private yachts habitually call. Thus, from the very first, it seemed to me that Hornby and his friends had very cleverly tricked me for some mysterious purpose, and afterwards ingeniously evaded their watchers and got clean away.

Had the Italian Admiral been able to send a torpedo-boat or two after the fugitives they would no doubt soon have been overhauled, yet circumstances had prevented this and the Lola had consequently escaped.

For purposes of their own the police kept the affair out of the papers, and when Frank Hutcheson stepped out of the sleeping-car from Paris on to the platform at Pisa a few nights afterwards, I related to him the extraordinary story.

"The scoundrels wanted these, that's evident," he responded, holding up the small, strong, leather hand-bag he was carrying, and which contained his jealously-guarded ciphers. "By Jove!" he laughed, "how disappointed they must have been!"

"It may be so," I said, as we entered the midnight train for Leghorn. "But my own theory is that they were searching for some paper or other that you possess."

"What can my papers concern them?" exclaimed the jovial, round-faced Consul, a man whose courtesy is known to every skipper trading up and down the Mediterranean, and who is perhaps one of the most cultured and popular men in the British Consular Service. "I don't keep bank notes in that safe, you know. We fellows in the Service don't roll in gold as our public at home appears to think."

"No. But you may have something in there which might be of value to them. You're often the keeper of valuable documents belonging to Englishmen abroad, you know."

"Certainly. But there's nothing in there just now except, perhaps, the registers of births, marriages and deaths of British subjects, and the papers concerning a Board of Trade inquiry. No, my dear Gordon, depend upon it that the yacht running ashore was all a blind. They did it so as to be able to get the run of the Consulate, secure the ciphers, and sail merrily away with them. It seems to me, however, that they gave you a jolly good dinner and got nothing in return."

"They might very easily have carried me off too," I declared.

"Perhaps it would have been better if they had. You'd at least have had the satisfaction of knowing what their little game really was!"

"But the man and the woman who left the yacht an hour before she sailed, and who slipped away into the country somewhere! I wonder who they were? Hornby distinctly told me that he and Chater were alone, and yet there was evidently a lady and a gentleman on board. I guessed there was a woman there, from the way the boudoir and ladies' saloon were arranged, and certainly no man's hand decorated a dinner table as that was decorated."

"Yes. That's decidedly funny," remarked the Consul thoughtfully. "They went to Colle Salvetti, you say? They changed there, of course. Expresses call there, one going north and the other south, within a quarter of an hour after the train arrives from Leghorn. They showed a lot of ingenuity, otherwise they'd have gone direct to Pisa."

"Ingenuity! I should think so! The whole affair was most cleverly planned. Hornby would have deceived even you, my dear old chap. He had the air of the perfect gentleman, and a glance over the yacht convinced me that he was a wealthy man traveling for pleasure."

"You said something about an armory."

"Yes, there were Maxims stowed away in one of the cabins. They aroused my suspicions."

"They would not have aroused mine," replied my friend. "Yachts carry arms for protection in many cases, especially if they are going to cruise along uncivilized coasts where they must land for water or provisions."

I told him of the torn photograph, which caused him some deep reflection.

"I wonder why the picture had been torn up. Had there been a row on board-a quarrel or something?"

"It had been destroyed surreptitiously, I think."

"Pity you didn't pocket the fragments. We could perhaps have discovered from the photographer the identity of the original."

"Ah!" I sighed regretfully. "I never thought of that. I recollect the name of the firm, however."

"I shall have to report to London the whole occurrence, as British subjects are under suspicion," Hutcheson said. "We'll see whether Scotland Yard knows anything about Hornby or Chater. Most probably they do. Not long ago a description of men on board a yacht was circulated from London as being a pair of well-known burglars who were cruising about in a vessel crammed with booty which they dared not get rid of. They are, however, not the same as our friends on the Lola, for both men wanted were arrested in New Orleans about eight months ago, without their yacht, for they confessed that they had deliberately sunk it on one of the islands in the South Pacific."

"Then these fellows might be another pair of London burglars!" I exclaimed eagerly, as the startling theory occurred to me.

"They might be. But, of course, we can't form any opinion until we hear what Scotland Yard has to say. I'll write a full report in the morning if you will give me minute descriptions of the men, as well as of the captain, Mackintosh."

Next morning I handed over my charge of the Consulate to Frank, and then assisted him to go through the papers in the safe which had been examined by the thieves.

"The ruffians seem to have thoroughly overhauled everything," remarked the Consul in dismay when he saw the disordered state of his papers. "They seem to have read every one deliberately."

"Which shows that had they been in search for the cipher-books they would only have looked for them alone," I remarked decisively. "What on earth could interest them in all these dry, unimportant shipping reports and things?"

"Goodness only knows," replied my friend. Then, calling Cavendish, a tall, fair young man, who had now recovered from his touch of fever and had returned to the Consulate, he commenced to check the number of those adhesive stamps, rather larger than ordinary postage-stamps, used in the Consular service for the registration of fees received by the Foreign Office. The values were from sixpence to one pound, and they were kept in a portfolio.

After a long calculation the Consul suddenly raised his face to me and said-

"Then six ten shilling ones have been taken!"

"Why? There must be some motive!"