whom she has chosen as her advisers have treated me either as a lunatic or a quack. Very well, let it be so. Through you I have offered to France a priceless gift; you have refused it for the sake of a paltry thousand francs or so. Very well, you will see the end of this, though I shall not. I have devoted my life to this ideal. I have dreamt the dream of France the Mistress of the World, as she was in the days of la Grande Monarque. I have found the means of realising the ideal. You and those who with you rule the destinies of France have refused to accept my statements as true. On your heads be it, as the Moslems say. I have done. If this dream of mine should ever be heard of again, if it should ever be realised, France may some day learn how much she has lost through her official incredulity."

Emil Fargeau left the Minister of War a broken man—broken in mind and heart as well as in means. In youth it is easy, in early manhood it is possible, to survive the sudden destruction of a life's ideal; but when the threescore years have been counted, and the dream and the labours of half a lifetime are suddenly brought to nought, it is another matter. It is ruin—utter and hopeless; and so it was with Emil Fargeau.

He had risked everything on what he had honestly believed to be the certainty of his marvellous discovery being taken up and developed by the French Government. In fact, he was so certain of it, that, before leaving his laboratory at Strassburg, he had taken the precaution to destroy the essential parts of his accumulator, lest, during his absence, his sanctum might be invaded and some one stumble by accident on his discovery. In a word, he had staked everything and lost everything. To go back was impossible. Everything he had was sold or mortgaged. He had been kept by official delays more than a fortnight in Paris, and he had barely a hundred francs left, and even of this more than half would be necessary to pay his modest hotel bill for the week.

And then, worse than all, there was that fatal indiscretion into which he had permitted his enthusiasm to betray him—an indiscretion which placed him absolutely at the mercy of a German Jew money-lender, who, under the rigid laws of Germany, could send him to penal servitude for the rest of his life.

No, there was no help for it; there was only one way out of the terrible impasse into which his enthusiasm, and that moral weakness which is so often associated with great intellectual power, had led him, and that way he took.

He went back to his hotel, and spent about an hour in writing letters. One of these was directed to Captain Victor Fargeau, German Embassy, Petersburg. Another was directed to Reuss Weinthal, Judenstrasse, Strassburg. The third, without date or signature, he placed in a little air-tight tin case, with the complete specifications of his discovery.

He took off his coat and waistcoat, and fastened this to his body so that it just came in the small of his back. Then, when he had dressed himself and put on a light overcoat, he took a small handbag, for appearance's sake, walked to the Nord Station, and took a second-class ticket to Southampton, via le Havre.

At midnight the steamer was in mid-channel, and Emil Fargeau was taking his last look on sea and sky from the fore-deck. For a moment he looked back eastward over the dark waters towards the land of his ruined hopes, and murmured brokenly:

"My beautiful France, I have offered you the Empire of the World, but the dolts and idiots you have chosen to govern you have refused it. 'Tant pis pour toi'! Now I will give the secret to the Fates—to reveal it or to keep it hidden for ever, as they please. For me it is the end!"

As the last words left his lips he took a rapid glance round the deserted deck, and slipped over the rail into the creaming water that was swirling past the vessel's side. In another moment one of the whirling screws had caught him and smashed him out of human shape, and what was left of him, with the little tin box containing the secrets of a world-empire lashed to it, went floating away in the broad wake that the steamer left behind it.

CHAPTER III

It was a lovely May morning on the English Channel, and the steam yacht Nadine was travelling under easy steam at about eight knots an hour midway between Guernsey and Southampton. Her owner, Ernest Shafto Hardress, Viscount Branston, eldest son of the Earl of Orrel, was taking his early coffee on the bridge with his college chum and guest, Frank Lamson, M.A. of Cambridge, and Doctor of Science of London, the youngest man save one who had won the gold medal in the examination for that distinguished degree. In fact, he was only thirty-two, and the medal had already been in his possession nearly a year.

The morning was so exquisitely mild, that sea and sky looked rather as though they were in the Mediterranean instead of the Channel. They were sitting in their pyjamas, with their bare feet in grass slippers.

"Well, I suppose it's time to go below and shave and dress; Miss Chrysie and Lady Olive will be up soon, and we'll have to make ourselves presentable," said Lamson, getting out of his deck-chair and throwing the end of his cigarette overboard. "Hello, what's that? Here, Hardress, get up! There's a body there in the water, horribly mangled."

"What!" exclaimed Hardress, springing from his seat and going to the end of the bridge where Lamson was standing. "So it is! Poor chap, what can have made such a mess of him as that?"

"Fallen overboard from a steamer, I should say, and got mopped by the screw," said Lamson, in his cold, bloodless voice. "It's a way screws have, you know, especially twin screws."

"That's just like you, Lamson," said Hardress; "you talk about the poor chap just as if he was an empty barrel. Still, he's been a man once, and it's only fair that he should have Christian burial, anyhow."

As he said this he caught the handle of the engine telegraph and pulled it over. "Stop." The yacht slowed down immediately, and he went on:

"Lamson, you might go and send the stewardess to tell the ladies not to get up for half-an-hour or so. This isn't exactly the sort of job a woman wants to see. Mr Jackson, will you kindly lower away the quarter-boat?"

The young Viscount was right—for the object that was hauled in from the sea could hardly even be called a human corpse, so frightfully was it mangled out of all mortal shape. When it was brought on board, a careful search was made through the tattered remnants of clothing that were still attached to it for some marks of identification; but nothing was found. A couple of pockets, one in the waistcoat and one in the trousers which were left intact, contained nothing. There was no mark on what was left of the linen. The upper half of the head was gone, and so there was no use in photographing the remains. In short, the ghastly spectacle was the only revelation of a secret of the sea which might never be further revealed.

"I'm afraid it's no good," said Lamson; "there's nothing that anybody could recognise the poor chap by. In fact, it looks to me like a case of deliberate suicide by someone who didn't want to be identified. He's evidently fallen overboard from a steamer, and people don't do that by accident with empty pockets. For instance, that inside coat pocket was made to button, and would probably have had a pocket-book and tickets in it. From what's left of them I should say the clothes were French, and, judging by the locality, I should say he might have been a French passenger from le Havre—perhaps to Southampton on one of the South-Western boats. Hello, what's this? Perhaps this is a clue to the mystery."

As he spoke he put his hand on the back of the body, where the sodden clothes outlined an oblong shape, a few moments after it had been turned over.

"It feels like a box, or something of that sort. At any rate, we'd better see what it is," he went on, taking a sheath-knife from one of the sailors and ripping the