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 guard and was not to be betrayed into any concession to courtesy. There was a slight shrug of the shoulders as the Frenchman replaced his hat. He spoke, however, in a conciliatory tone:

"It is a fine evening," he observed. "I have followed your example. I go for a walk."

"You have followed me, you mean," said Dirke, bluntly. "I heard you behind me."

Then, moved by a sudden impulse to precipitate matters, he drew his left hand from his pocket. The diamonds flashed in the light.

M. de Lys's eyes flashed in response. With all his unabated elegance, he had something the look of a tiger ready to spring upon his prey. But he held himself in check.

"Monsieur!" he cried, and there was a savage note in his voice, which Dirke would not have credited him with. "Monsieur! If you decline to permit me to pay for that ring to-morrow, I am ready to fight for it to-night!" He pronounced the word "fight" with a peculiar, hissing emphasis.

"Not to-night," Dirke rejoined quietly.

"And why not to-night, Monsieur, may I ask?"

"Because I am armed, and you are not."