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had naturally reckoned that the longer he withheld this trump card of his the greater would be its effect when played. An obstacle appearing at the last moment produces more consternation than when a scheme is still in its infancy. It proved, however, that he had only just levied his blackmail in time, for within a couple of days of his interview with the head of the firm news arrived of the great discovery of diamonds among the Ural Mountains. The first intimation was received through the Central News Agency in the form of the following telegram:—

"Moscow, August 22.—It is reported from Tobolsk that an important discovery of diamond fields has been made amongst the spurs of the Ural Mountains, at a point not very far from that city. They are said to have been found by an English geologist, who has exhibited many magnificent gems in proof of his assertion. These stones have been examined at Tobolsk, and are pronounced to be equal, if not superior, in quality to any found elsewhere. A company has been already formed for the purpose of purchasing the land and working the mines."

Some days afterwards there came a Reuter's telegram giving fuller details. "With regard to the diamond fields near Tobolsk," it said, "there is every reason to believe that they are of great, and possibly unsurpassed, wealth. There is no question now as to their authenticity, since their discoverer proves to be an English gentleman of high character, and his story is corroborated by villagers from this district who have dug up stones for themselves. The Government contemplate buying out the company and taking over the mines, which might be profitably worked by the forced labour of political prisoners on a system similar to