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 out upon the table in his room and read by the light of his candle the following, in Spanish:

The letter was signed "J. M."—plainly the initials of Don Joachim de Montiano, the Spanish commandant at St. Augustine. Lachlan noticed that the "12" and the words "display two lights" were underscored.

He read the letter twice, whistled softly and smiled, his black eyes shining.

"So," he murmured, "Captain Falcon is on good terms with the Spaniards and will receive a distinguished visitor from St. Augustine to-morrow night."

He pondered briefly, with pursed lips and narrowed eyes.

"And he is much interested in someone whom Chief Concha holds as a prisoner? A strange coincidence, that, and one that would interest Almayne."

For a while he sat frowning, putting two and two together, going over in his mind the facts that Almayne had made known to him. Suddenly the frown vanished. For some minutes he studied a plan