e of each lamp
post, they could make out his lithe figure, scurrying along as if the
devil himself were at his heels.

"Let's get up closer," gasped Dick, who was winded from the long chase.
"I guess their den is in this neighborhood. He'll slip in somewhere
and we'll lose him if we keep so far away."

"No--he may see us," whispered Steell cautiously. "We can make him out
all right."

They increased their pace a little. The valet was less than two blocks
away, and once he actually stopped and looked around as if to see if he
was followed. Quickly Steell and Dick darted under a doorway, and,
seeing nothing to arouse his suspicion, Francois went on.

The lawyer was taking no chances to-night. It was too good a game to
spoil. That they were on the right trail at last he was morally
certain. Ray's experience had given him the first clue. After that it
was easy. For two days Dick had shadowed the valet, and seen him
changing crisp $10 bills in half a dozen different places. The lawyer
could have had him arrested at once, but he was after bigger game. It
was not enough to arrest Francois. He was only the tool. They must
get the man higher up, the man who employed him. That man, the lawyer
felt equally confident, was Keralio. He was the master counterfeiter.
The first step to take was to find out where the counterfeiting was
done, where Keralio had his plant, and the only way to do this was to
follow the valet to his master's secret den.

For several days they had shadowed the Frenchman constantly, until
to-night they were rewarded by seeing him start with a suit case in the
direction of the Bronx. They quickly gave chase, the lawyer confident
of results. It was not part of his plan, however, to hurry matters or
do things prematurely. To-night they would merely reconnoiter. They
would content themselves by watching the premises, seeing who came and
went, and trying to obtain a glimpse of the interior. If the evidence
was incriminating enough to make a raid successful, it would always be
time enough to call in the police. Keralio, he was also well
convinced, had something to do with the missing diamonds, and possibly
the present investigation would throw some light on the mystery
surrounding Kenneth himself. He had made no mention of his suspicions
to Helen, but he could not help feeling that in some way, yet to be
discovered, his old comrade had become involved with a band of crooks.
How otherwise e