without remark, making believe that I had not discerned anything unusual, and we entered the boudoir, Chater having gone back to the saloon to obtain cigars.

The dainty little chamber was upholstered in carnation-pink silk with furniture of inlaid rosewood, and bore everywhere the trace of having been arranged by a woman's hand, although no lady passenger was on board.

Just as we had entered, and I was admiring the dainty nest of luxury, Chater shouted to his host asking for the keys of the cigar cupboard, and Hornby, excusing himself, turned back along the gangway to hand them to his friend, thus leaving me alone for a few moments.

I stood glancing around, and as I did so my eyes fell upon a quantity of photographs, framed and unframed, that were scattered about—evidently portraits of Hornby's friends. Upon a small side table, however, stood a heavy oxidized silver frame, but empty, while lying on the floor beneath a couch was the photograph it had contained, which had apparently been taken hastily out, torn first in half and then in half again, and cast away.

Curiosity prompted me to stoop, pick up the four pieces and place them together, when I found them to form the cabinet portrait of a sweet-looking and extremely pretty English girl of eighteen or nineteen, with a bright, smiling expression, and wearing a fresh morning blouse of white piqué. Her hair was dressed low and fastened with a bow of black ribbon, while the brooch at her throat was in the form of a heart edged with pearls. Whether it was her sweet expression, or whether the curious look in her eyes had attracted my attention and riveted the face upon my memory, I know not. Perhaps it was the mystery of why it should have been so hastily torn from its frame and destroyed that held my attention.

It seemed as though it had been torn up surreptitiously by someone who had been sitting on that couch, and who had had no opportunity of casting the fragments away through the port-hole into the water.

I looked at the back of the torn photograph, and saw that it had been taken by a well-known and fashionable firm in New Bond Street.

About the expression of that pictured face was something which I cannot describe—a curious look in the eyes which was at the same time both attractive and mysterious. In that brief moment the girl's features were indelibly impressed upon my memory.

Next second, however, hearing Hornby's returning footsteps, I flung the fragments hastily beneath the couch where I had discovered them.

Why, I wondered, had the picture been destroyed—and by whom?

The face of the empty frame had been purposely turned towards the panelling, therefore when he entered he did not notice that the picture had been destroyed; but after a brief pause, explaining that that cosy little place was his wife's particular nook, he conducted me on through the ladies' saloon and afterwards on deck, where we flung ourselves into the long chairs, took our coffee and certosina, that liqueur essentially Tuscan, and smoked on as the moon rose and the lights of the harbor began to twinkle in the steely night.

As I sat talking, my thoughts ran back to that torn photograph. To me it seemed as though some previous visitor that day had sat upon the couch, destroyed the picture, and cast it where I had found it. But for what reason? Who was the merry-faced girl whose picture had aroused such jealousy or revenge?

I purposely led the conversation to Hornby's family, and learned from him that he had no children.

"You'll get the repairs to your engines done at Orlando's, I suppose?" I remarked, naming the great shipbuilding firm of Leghorn.

"Yes. I've already given the order. They are contracted to be finished by next Thursday, and then we shall be off to Zante and Chio."

For what reason, I wondered, recollecting that formidable armory on board. Already I had seen quite sufficient to convince me that the Lola, although outwardly a pleasure yacht, was built of steel, armored in its most vulnerable parts, and capable of resisting a very sharp fire.

The hours passed, and beneath the brilliant moon we smoked long into the night, for after the blazing sunshine of that Tuscan town the cool sea-wind at night is very refreshing. From where we sat we commanded a view of the whole of the sea-front of Leghorn and Ardenza, with its bright open-air café-concerts and restaurants in full swing—all the life and gayety of that popular watering-place.

Presently, when Hornby had risen to call a steward and left me alone with Hylton Chater, the latter whispered to me in confidence—

"If you find my friend Hornby a little bit strange in his manner, Mr. Gregg, you must take no notice. To tell the truth, he is a man who has become suddenly wealthy beyond the wildest dreams of avarice, and I fear it has had an effect upon his brain. He does very queer things at times."

I looked at my companion in surprise. He was either telling the truth, or else he was endeavoring to allay my suspicions by an extremely clever ruse. Now I had already decided that Philip Hornby was no eccentric, but a particularly level-headed and practical man. Therefore I instantly arrived at the conclusion that the clean-shaven fellow who looked so much like a London barrister had some distinct and ulterior purpose in arousing within my mind suspicion of his host's sanity.

It was past midnight when, having bade the strange pair adieu, I was put ashore by the two sailors who had rowed me out and drove home along the sea-front, puzzled and perplexed.

Next morning, on my arrival at the Consulate, old Francesco, who had entered only a moment before, met me with blanched face, gasping—

"There have been thieves here in the night, signore! The Signor Console's safe has been opened!"

"The safe!" I cried, dashing into Hutcheson's private room, and finding to my dismay the big safe, wherein the seals, ciphers and other confidential documents were kept, standing open, and the contents in disorder, as though a hasty search had been made among them.

Was it possible that the thieves had been after the Admiralty and Foreign Office ciphers, copies of which the Chancelleries of certain European Powers were ever endeavoring to obtain? I smiled within myself when I realized how bitterly disappointed the burglars must have been, for a British Consul when he goes on leave to England always takes his ciphers with him, and deposits them at the Foreign Office for safekeeping. Hutcheson had, of course, taken his, according to the regulations.

Curiously enough, however, the door of the Consulate and the safe had been opened with the keys which my friend had left in my charge. Indeed, the small bunch still remained in the safe door.

In an instant the recollection flashed across my mind that I had felt the keys in my pocket while at dinner on board the Lola. Had I lost them on my homeward drive, or had my pocket been picked?

Carducci, with an Italian's volubility, commenced to hurl imprecations upon the heads of the unknown sons of dogs who dared to tamper with his master's safe, and while we were engaged in putting the scattered papers in order the door-bell rang, and the clerk went to attend to the caller.

In a few moments he returned, saying—

"The English yacht left suddenly last night, signore, and the Captain of the Port has sent to inquire whether you know to what port she is bound."

"Left!" I gasped in amazement "Why, I thought her engines were disabled!"

A quarter of an hour later I was sitting in the private office of the shrewd, gray-haired functionary who had sent this messenger to me.

"Do you know, Signor Commendatore," he said, "some mystery surrounds that vessel. She is not the Lola, for yesterday we telegraphed to Lloyd's, in London, and this morning I received a reply that no such yacht appears on their register, and that the name is unknown. The police have also telegraphed to your English police inquiring about the