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 the hold without his knowledge still perplexed him.

The motive behind the attempt to dynamite the vessel was clear. Having failed to purchase it, having failed to recover the box from it, Loge had sought to destroy it with all on board. But the strange character of this explosion still defied his powers of analysis. And then there was the tenth Earl of Claiborne's signet ring on the dead hand. Beyond the fact that it was a circumstance which connected his fortunes with those of Lady Agatha, he could make nothing at all of the signet ring. What, he asked himself again and again, was the connection of the criminal gang at Morris's with the proudest Earl in England?

Loge himself was a puzzle to Cleggett. The man was a counterfeiter. That he knew. The "queer" twenty-dollar bill, which he had practically acknowledged, left no doubt of that. But he was more than a counterfeiter. Cleggett believed him to be also an anarchist. At least he was associated with anarchists.

But counterfeiting and anarchy are not ordinarily found together. The anarchist is not a criminal in the more sordid sense. He is the enemy of society as at present organized. He considers society to be