"We have employed, too, and gratefully employed, Catherine Dominguez, a charming lady, as to whose future you need have no fear. Some time ago, as you all know, we established wireless stations in the great capitals, as being the safest method by which our instructions might be transmitted without revealing to our agents the origin of these commands. A code was drawn up, certain arrangements of letters and words, and this code was deciphered and our secret revealed through the ingenuity of one man. We were prepared to meet him on a business basis. We communicated with him by wireless, and agreed to pay a sum not only to himself, but to two others, if he kept our secret and agreed to make no written record of their discovery. They promised, but their promise was broken, and it was necessary to employ other methods. "I am fully prepared to accept responsibility for my share of the result, just as I am prepared to share responsibility for any other act which circumstances may have rendered necessary. "And now, gentlemen, I come to the important part in my speech. By sharing the result of our operations we may each go our way, in whatever guise we think most suitable, to the enjoyment of our labours. "In a short time for many of us the statute of limitations will have worked effectively; and for others there are States in South America that would welcome us and offer us every luxury that money can buy or heart desire. "Yet I would not advise the scattering of our forces. Rather, I have a scheme which will, I think, enable us to extract the maximum of enjoyment from life, at a minimum of risk. With that end in view, I have expended from our common fund a sum equal to half-a-million English pounds. I have completed elaborate arrangements, which I shall ask you to approve of; I have fashioned our future." He threw out his hands with a gesture of pride. "It is for you to decide whether we shall go our several ways, each in fear of the weakness of the other, our days filled with dread, our nights sleepless with doubt, or whether in new circumstances we shall live together in freedom, in happiness, and in unity." Again the murmured applause. "But there is an element of danger which must be removed," Baggin went on; "between freedom and us there lies a shadow." He stopped and looked from mask to mask. "That shadow," he said slowly, "is Count Ivan Poltavo, the man who knows our secrets, who has done our work, the one man in the world who holds our lives in the hollow of his----" Before he had finished he saw their eyes leave his face and seek the door, and he turned to meet the calm scrutiny of the subject of his discourse. He had entered the room whilst Baggin was speaking and stood listening. For a few moments there was silence. Over Baggin's face came a startling change.