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us; and even when London received them, it had not the knowledge of the sender on the spot, wherewith to fill them out. London, let it be admitted, or rather that one particular small section of London with which Hillyard dealt, was at one with Hillyard. Having chosen its men it trusted them, until such time as indiscretion or incapacity proved the trust misplaced; in which case the offender was brought politely home upon some excuse, cordially thanked, and with a friendly shake of the hand, shown the door. Hillyard's second conclusion was that of one hundred trails, ten at the most would lead to any result: but you must follow each one of the hundred up until you reach proof that you are in a blind alley. The third was the sound and simple doctrine that you can confidently look to Chance to bring you results, probably your very best results, if you are prepared and equipped to make all your profit out of chance the moment she leans your way. Chance is an elusive goddess, to be seized and held prisoner with a swift, firm hand. Then she'll serve you. But if the hand's not ready and the eye unexpectant, you'll see but the trail of her robe as she vanishes to offer her assistance to another more wakeful than yourself. In pursuit of this conviction, Hillyard steamed out of Palma Bay on the morning of the day after his interview with Jose Medina, and crossing to the mainland cruised all the next night southwards. At six o'clock in the morning he was off a certain great high cape. The sea was smooth as glass. The day a riot of sunlight and summer, and the great headland with its high lighthouse thrust its huge brown knees into the water. The _Dragonfly_ slowed down and dawdled. Three men stood in the stern behind the white side-awning. Hillyard was on the bridge with his captain. "I don't really expect much," he said, seeking already to discount a possible disappointment. "It's only a possibility, I don't count on it." "Six o'clock off the cape," said the captain. "We are on time." "Yes." Both men searched the smooth sea for some long, sluggish, inexplicable wave which should break, or for a V-shaped ripple such as a fixed stake will make in a swiftly running stream. "Not a sign," said the captain, disconsolately. "No. Yet it is certainly true that the keeper of that lighthouse paid an amount equal to three years' salary into a bank three weeks ago. It is true that oil could be brought into that point, an
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