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 the last hundred did it. It’s cost me two hundred pound from first to last, so it isn’t likely I’d give it up without gettin’ my wad.”

Von Bork smiled with some bitterness. “You don’t seem to have a very high opinion of my honour,” said he, “you want the money before you give up the book.”

“Well, Mister, it is a business proposition.”

“All right. Have your way.” He sat down at the table and scribbled a cheque, which he tore from the book, but he refrained from handing it to his companion. “After all, since we are to be on such terms, Mr. Altamont,” said he, “I don’t see why I should trust you any more than you trust me. Do you understand?” he added, looking back over his shoulder at the American. “There’s the cheque upon the table. I claim the right to examine that parcel before you pick the money up.”

The American passed it over without a word. Von Bork undid a winding of string and two wrappers of paper. Then he sat gazing for a moment in silent amazement at a small blue book which lay before him. Across the cover was printed in golden letters Practical Handbook of Bee Culture. Only for one instant did the master spy glare at this strangely irrelevant inscription. The next he was gripped at the back of his neck by a grasp of iron, and a chloroformed sponge was held in front of his writhing face.