The panels replaced, Max knelt down and gently blew away the tell-tale sawdust. Then he turned and eagerly scanned the room. Dale had already packed the bag, and was looking vainly round for a hiding-place. "Under here--quick!" cried Max, indicating the desk, and in Dale scrambled, dragging the precious bag after him. There was only one thing left which needed to be disposed of, and that was the lantern. Max knew that if he blew it out and hid it under the desk the smell would inevitably betray them. Therefore he took it to the fire-place, blew it out close under the chimney, and instantly thrust it as far up as his arm would reach and lodged it there. The noise of voices and the tramp of feet had, during the few moments that these preparations had taken, been growing stronger, and the lantern had scarcely been disposed of before the approaching persons halted at the door. The rattle of keys, as someone--no doubt the manager--drew a bunch from his pocket, could now be distinguished, and as Max crawled in under the desk, and packed himself in on top of Dale, the key turned in the lock. Several men entered, talking together in the German tongue. One voice only Max and Dale recognized, and that, as they expected, belonged to the manager, Otto Schenk. "... take severe measures against any workman adopting a hostile attitude. Would this meet with approval in Highest quarters?" "Certainly. You may rest assured, Herr von Schenkendorf, that the Government of His Imperial Majesty has no intention of showing aught but the utmost sternness and rigour towards the whole Belgian population, whether workmen, property owners, or their families." "Thank you, General." "Serious consequences have ensued from the unexpected delay caused to our armies by the resistance of the Belgian army, and it is the Belgians who shall be made to pay for it. And to make them pay for it in a literal sense is, as you know, the reason of my presence here now." "True, General," replied the manager as he switched on the light; "but if I am to develop these works to the utmost, and to support our armies with ample supplies of guns and shells, I must be able to pay my workmen." "The gold and securities handed over will be replaced by notes of our Imperial Reichsbank or by Belgian paper money, which I have good reason to believe we shall shortly commence to manufacture. You will thus be as well off as before, and the Government will have securities which it can sell in neutral countries."