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Rh The two men faced each other on each side of the table. Both were smoking. For a moment there was silence; the critical time was at hand. Then Schuabe spoke. His voice was cold and steady and very businesslike. As he talked the voice seemed to wrap round Llwellyn like steel bands. There was something relentless and inevitable about it; bars seemed rising as he spoke.

"I am going to be quite frank with you, Llwellyn," he said, "and you will find it better to be quite frank with me."

He took a paper from the pocket of his smoking jacket and referred to it occasionally.

"You owe me now about fourteen thousand pounds?"

"Yes, it is roughly that."

"Please correct me if I am wrong in any point. Your salary at the British Museum is a thousand pounds a year, and you make about fifteen hundred more."

"Yes, about that, but how do you —"

"I have made it my business to know everything. Professor. For example, they are about to offer you knighthood."

Llwellyn stirred uneasily, and the hand which stretched out for another cigarette shook a little.

"I need hardly point out to you," the cold words went on, and a certain sternness began to enforce them, "I need hardly point out that if I were to take certain steps, your position would be utterly ruined."

"Bankruptcy need not entirely ruin a man."

"It would ruin you. You see I know where the money has gone. Your private tastes are nothing to me, and it is not my business if you choose to spend a fortune on a cocotte. But in your position, as the very mainspring and arm of the Higher Criticism of the Bible, the revelations which would most certainly be made would