When Phil opened his eyes on the morning sunshine both eyes he was gratified to note a slight improvement in the blackened orb. Before retiring he had sent the newly returned Stinson around to the front of the house to bring in the suitcase left by the verandah and had instructed the valet to bring a piece of raw beefsteak to his room. Nevertheless, as he studied his appearance in the mirror with some anxiety he was glad that he was going to Sparrow Lake and thence to North Bay as fast as he could get there. Thorpe would soon tire of making witty remarks, and the fish would not care whether he had a black eye or not.

As he dressed leisurely Kendrick’s mind reverted soberly to the events of the past twenty-four hours. Reviewing in detail the interview with his uncle, there grew out of his confusion of thought an odd sense of disquiet. Close questioning of Stinson had yielded the information which his uncle had not seen fit to volunteer in regard to last night’s clandestine visitors at the Island residence Nickleby, President of the Interprovincial Loan & Savings Company; Alderson, of the Alderson Construction Company; Blatchford Ferguson, the lawyer. If, as the Honorable Milton had intimated, it had been a business meeting merely, they must be planning a raid on the stock market to account for all the secrecy with which the meeting had been shrouded. His uncle, Phil knew, had invested heavily in mining stocks, and J. Cuthbert Nickleby was the man who had been most closely associated with him in these private investments, while for some time now Ferguson had been favored with Waring’s legal patronage in such deals as had come to Kendrick’s notice. As for Alderson, he was a comparative stranger to Phil a contractor who had risen rapidly during the real-estate boom, and who very reasonably might be taking a flyer on the market.

It must be something of this sort, and in the face of his uncle’s evident desire for him to mind his own business Phil was inclined to let it go at that. It was scarcely to be expected that his uncle would break the custom of years in a sudden burst of confidence just because his nephew happened to surprise him in one of his difficult situations. His life was full of such difficult situations, no doubt, had been for years and the Honorable Milton was accustomed to relying upon himself to surmount them as he saw fit.

Far from feeling any resentment of his uncles refusal of his boyish offer of assistance, therefore, Phil now regarded the offer itself as somewhat ridiculous from his uncles standpoint. To one of such large connections ten thousand dollars was the same as a hundred-dollar bill to the average man. Yet his uncle had thanked him for his good intentions and tactfully had made him feel that the appreciation was sincere. At no time had the two been in closer sympathy than during this unexpected interview. His uncle was not given to sentiment. Perhaps the liquor

Phil paused in the act of lacing his boot to frown out the window. The Honorable Milton Waring undoubtedly was greatly worried about something financial affairs maybe. Or was that only one side of it, incidental to something not so simple of adjustment? The searching look, the solemnity of the words which had followed that sudden outburst against political conditions of the day, that reference to one man fighting a pack of wolves what about that? No matter what happened he wanted his nephew to continue believing that he had tried to do his duty.

No matter what happened! It was this remark, more than any other, which fostered Kendrick’s disquietude. Something was liable to happen, then? something calling for a blind exercise of faith in his uncle; something which on the surface might seem to question his his what? Integrity? Political honor? Social standing? Or was it merely an emphasis of speech with no special significance? Phil shifted uneasily on the chair as he thought of his aunt’s position if some catastrophe befell his uncle. If any trouble of that kind were likely to develop, surely his uncle would have told him. Well, there was no use in getting himself all worked up over nothing.

He began to whistle softly as he rummaged among his ties. Then his thoughts switched to the girl with whom he had talked in the fog. If he had only known then what he knew now! She had been spying upon the Waring residence, upon this secret meeting with the Honorable Milton. That much seemed certain. But why was she interested in what had transpired? Who was she? And what had transpired? It was lack of this information which made it difficult to analyze the situation intelligently.

Had he done right in withholding from his uncle the fact of his unusual encounter with this girl? He imagined the laugh with which the Honorable Milton would be likely to greet relation of the incident. If it were true that there was no use in sending a boy on a man’s errand, what about a woman on a spying expedition in a thick fog at two o’clock in the morning? Perhaps her story of the party at a friend’s house was true, after all. Perhaps she and this “Joe” were a pair of sneak thieves!

But he knew she wasn’t, just as he knew that she was a girl of education and refinement. A tantalizing thing to meet a disembodied voice like that, a low laugh, a mystery! The lady might have a face like a dried prune! (Only he knew that she hadn’t!) Voices were not to be relied upon. Take that “hello-girl,” for instance; she had had the softest lilting voice over the wire, then when he got a look at her she hadn’t been a day under forty-five and her face! Certainly it hadn’t been the fairest that e’er the sun shone on! (Only in this case he knew it must be different!) He was a hopeless fool if ever there was one! The best thing he could do was to forget the whole affair and with this sensible decision he reached into his pocket for the souvenirs, and spent some time in re-examining the little hand-painted shirt-waist pin with which she had fastened his pay to the canoe cushion!

Phil breakfasted alone. Although the sun had climbed high enough to dispel the fog his uncle still slept the heavy sleep of utter exhaustion. Without disturbing him, therefore, Kendrick had Stinson run the launch over to the city half an hour later. As a concession to the possibility of there being a serious side to the espionage of the girl and her accomplice, he had decided to advise his uncle’s lawyer of the adventure; Ferguson then could assume responsibility for the consequences, using his own judgment as to its significance. Also Phil intended to have a chat with President Wade, of the Canadian Lake Shores Railway, if he happened to be in the city; Ben Wade was an old boyhood friend of the Warings and Phil knew that he could talk to him freely without fear of his confidences being abused.

At the docks almost the first person Kendrick encountered was Chic White. Chic was the more or less renowned sporting editor of the Morning Recorder__ and he had a most abominable habit of going through the motions of spitting every little while as he talked, more a matter of nervous habit than saliva. He spat dryly three times as he stared at the approaching Kendrick and greeted the erstwhile captain of the ’Varsity rugby champions with a grin that bared two rows of teeth.

“Ye gods! What a fall was there, my countrymen! Wow! Who slipped you the haymaker, Ken?”

“Stick to the quotation, Chic,” laughed Phil good-naturedly, barely pausing in his stride. “Got it in the fog last night Canoe Club stairs in the dark. I had a pretty bad fall.”

“So did Humpty-Dumpty!” Mr. White’s grin widened, and with a deliberate wink and a final spit he waved his hand and walked off, laughing loudly.

The owner of the black eye went his way, face set in abnormally forbidding lines. People smiled as they passed him on the street. He would have given a ten-dollar bill to have met the redoubtable Mr. McCorquodale around the next corner. He thought of buying one of those pink shields; it would not hide it all, but it might help. He tried tying his handkerchief over his eye as a bandage, but felt so foolish that he tore it off and laughed at himself.

The office of Blatchford Ferguson, barrister, etc., in the Broker’s Bank Building, was laid out along somewhat unconventional lines. Of course the public entrance from the corridor gave admission to an outer office where two or three stenographers operated their typewriters under the eye of a law student, while just inside the railing of the entranceway sat a pompadoured office boy who occupied himself variously with an old-fashioned letter-press alongside the vault, with sharpening lead-pencils, chewing gum and guarding the gate in the railing. But the partitions which enclosed this general office were built solid from floor to ceiling and the only sign of an inner presence was a door directly behind the youthful sentry, the ground glass of which bore the single word, “Secretary,” in neat gold and black lettering.

The Secretary’s office had a private entrance from the public corridor of the building and an inside door, lettered “Loans and Investments.” On through this office was still another door, inscribed “Insurance Department,” while beyond this second sanctum was a third door which led into the sanctum sanctórum with its unexpected exit upon a narrow back hallway and a dusty flight of stairs by which it was possible without undue publicity to reach the street or, rather, the back lane where carters made deliveries.

At times this carefully planned office arrangement was found to be highly convenient, no less by the confidential Mr. Ferguson than by certain of his clients. For although Blatchford Ferguson, barrister, etc., really could and did go barristering about the courts quite legitimately, he also carried on a substantial business in et ceteras. Thus, he could talk to an insurance prospect in a private office provided with insurance files and hung with insurance company calendars; or he could talk to a possible investor in a private office which had just the right financial atmosphere to foster confidence. Buying, selling, borrowing, lending, advising nothing that could be “farmed out” on a split commission was beneath the notice of Blatch Ferguson, who would have negotiated a deal for a carload of Russian whiskers could he have found a responsible master barber to make the contract with a mattress factory which had the price!

As he shook hands with Conway, the young student who presided over the outer office, Kendrick was conscious that the office boy and the stenographers behind him were enjoying the mild sensation which his black eye inspired. Even Conway was grinning like an idiotic cat from Cheshire. The two had known each other, somewhat casually, at the university.

“I bumped into the parallel bars during a game of volley ball at the gym the other night,” he explained gravely. “Is Ferguson in?”

Conway told him to walk right through. Miss Williams would take in his card. Thus it came about that Phil, unescorted, passed through the gate in the railing and on through the door to the secretary’s office. As he closed this door behind him he paused for a moment in some uncertainty at finding the secretary’s office deserted. Her hat and coat were hanging in place, however, and a half finished letter was in her typewriter; so he ventured through to the open doorway beyond, thinking she might have stepped into the adjoining office.

She had. She had gone right through it and through the second office of the suite also. The young lady was visible through the vista of open doorways and she was so absorbed in her own activities that she was quite oblivious of his presence. For she was kneeling with her ear to the keyhole of the farthest door of all, the one which led into the sanctum sanctórum of her employer, and there was no doubt whatever that she was listening with all her might.

Not a little astonished, Kendrick watched her. Then at his slight cough the girl straightened quickly and stared at him with widened eyes. In answer to his beckoning finger she came towards him slowly, her color mounting swiftly. When she had shut the last door behind her she faced him with an air of defiance.

Kendrick gazed at her in speechless admiration of the picture she made as she stood there, symmetrical figure gracefully erect, her head held high with its elaborate coiffure of brown hair, her dark blue eyes flashing resentment. The creamy column of her well shaped neck, the firm chin, the almost classic perfection of her features, the rich red of her cheeks wherever did Ferguson go for his secretaries? She was plainly dressed in some dark material with white collar and cuffs; but the sensible office dress served only to heighten the pleasing effect. There was only one jarring note the fact that she was chewing gum, chewing it rapidly as if to relieve nervous tension.

“Well! Hope you’ll know me next time you see me! Get it off your chest please! Whatcha goin’ to do about it?”

Kendrick smiled slowly at the incongruity of the speech, even while thankful that her voice at least was not in harsh discord with her appearance, but well modulated.

“I beg your pardon,” he apologized, realizing all at once that he had been guilty of staring somewhat longer than was warranted even by the unusual circumstances. “I am very short-sighted and there are times when I cannot distinguish objects at a greater distance than a very few feet. This morning my eyes are exceptionally bad.”

She glanced at him quickly as if searching for indications of mockery which were lacking in the courteous tones of his voice.

“If you will be good enough to take in my card?” he suggested, extending it.

She hesitated, then laid down her notebook and accepted the card without speaking. Ferguson coming to meet him at the door with extended hand, stopped short and stared.

“It’s a peach, Phil! I must admit it’s a peach!”

“A Lombard plum, you mean, Blatch. How’d I get it? Why, you see, I had the misfortune to step on a wayward banana skin Oh, well, if you really must know, I tried to help an old lady pick up some bundles she’d dropped and she hit me with her umbrella, thinking I was going to grab them and run.”

“Come right in. Come right in,” chuckled Ferguson. “Here, have a cigar?”

“Thanks, but I’m only staying a jiff. Got to make another call and it’s nearly noon now. Would you mind if I leave the door open? The smoke’s pretty thick.”

“Hit you with an umbrella, eh?” chortled the lawyer with jovial skepticism as he tilted back in his swivel chair. “Deduction: It had a knob on the end of it! Sentence: Thirty days in the woods!” and Mr. Ferguson stroked his nose while he permitted his shoulders to shake in appreciation of his own pleasantry. Mr. Ferguson’s nose was fleshy and its color was red.

“On my way there now going fishing down the French River with an old schoolmate,” grinned Phil. “Say, there was a meeting over at my uncle’s on the Island last night, Blatch,” he added briskly. “I believe you were there. Will you tell me what took place?”

Ferguson sat up. He ran his fingers over his head in a habitual gesture which long since had worn a bald streak along the top. He leaned back again in his chair, the tips of his fingers pressed together, and for a moment scowled thoughtfully at the wall.

“You’re getting into deep water, boy,” he warned at last slowly. “I don’t know where the mischief you got that information; but I’ll have to refer you to the Chief himself for your answer. Why, what do you want to know for?”

“Oh, nothing in particular, except it was very foggy, you remember? a pretty good night for concealment, if anybody happened to be interested in spying on you people over there. You know more about that than I do.”

Mr. Ferguson played a good game of poker; he prided himself upon his self-control. But the seriousness of his manner indicated that he was startled.

“Just what do you mean by that, Phil? You’ve come here to tell me something. What is it?”

So Kendrick told him, omitting nothing except the fact that the girl had dared him to kiss her, and that when he had done so he had gone in for an involuntary swim.

“And you let that woman go home alone at that hour of the morning? You are neglectful both of your opportunities and your etiquette!” but although the lawyer’s tone was light he was very serious as he pursed his lips and scowled.

“Don’t go blaming me, Blatch. As soon as I helped her ashore she ran off and the fog was so thick you couldn’t see anybody within a couple of feet of you. I tried my best to find out who she was; but she ducked. Besides, how was I to know the thing mattered? I didn’t know Uncle Milt was in town even not at the time.”

“I didn’t say it mattered, Phil,” said Ferguson hastily. He laughed at the idea. “Whatever put it into your head to think this er lady was spying on a an ordinary business meeting? Supposing she was why, what earthly good would it do her?”

“Search me, Blatch. Thought I’d better tell you about it anyway.”

“Quite right, of course. Hm just so. She got away without leaving a single clue, eh? Not that it matters in the least, but You did right in reporting it. Thanks.”

“Would you mind telling me if you had anybody in the office here with you just before I came in? Or were you using the telephone?”

“Why,” hesitated Ferguson in some surprise, “I was called on the ’phone by an old newspaper acquaintance yes. Perhaps you know him Hughey Podmore? He got a job recently as President Wade’s private secretary Canadian Lake Shores Railway. We used to work on the same paper long ago. Why?”

“Oh, nothing just my idle curiosity. Say, there’s something you can do for me, like a good fellow, before I go. Give me a knock-down to the lady outside, will you? Didn’t know you owned a peach orchard, Blatch? Who is she?”

Ferguson chuckled as he pressed a button.

“Name’s Margaret Williams. My regular stenographer was taken sick suddenly the other day and she sent around this friend of hers to substitute. She’s a dandy good worker, too. But you’re too late, my boy. She’s leaving soon to marry a fellow at Buffalo er Miss Williams, allow me to present Mr. Philip Kendrick.”

Her bow was very formal and as, at her employer’s request, she escorted him to the private exit at her own end of the office, her manner was equally cold.

“I hope you bear me no ill will, Miss Williams,” smiled Phil. “I assure you I have done nothing to merit it.”

“That is for me to judge,” she retorted calmly. “Please go. I do not care to know you, Mr. Kendrick.”

Phil turned quickly. It was the second time within twelve hours that a girl had told him that in those very words, with that same disdainful tone. Why, if he were to shut his eyes he felt sure he could imagine it to be the very voice inflection used by his Fog Lady when delivering the same sentence of exile. Again he found himself guilty of staring.

“Have you ever seen a real, honest-to-goodness amulet, Miss Williams?” he asked eagerly, reaching into his pocket. “I’d like to show you mine before I go, if I may.” He slowly unfolded the dollar bill and held out the hand-painted blouse pin, watching her closely.

“What a pretty pin!” she said in a flat, disinterested voice. She looked at it perfunctorily. “I know a man who used to carry a potato to chase rheumatism away. It was planted by a one-eyed, left-handed negro, born on the thirteenth of the month. I’ve heard of an elk’s tooth for pleurisy and a rabbit’s foot for evil spirits; but a pin like that? It will lead you into danger instead of away from it.”

“Not when it is pinned to a canoe cushion by a beautiful girl at the hour of three o’clock in the morning in a dense fog,” declared Kendrick significantly.

“That is very silly,” said the haughty Miss Williams with a bored air as she handed it back to him and turned towards her typewriter. “Good-day, Mr. Kendrick. I really must get on with my work.”

It was with an unreasonable feeling of disappointment that he bowed himself out. She had not blinked an eyelash! Who was the idiot who first started looking for needles in haystacks anyway? A fool’s quest! Mumma! but wasn’t he de trop with the ladies? Well, he would buy cigars with the dollar and make a present of the pin to Mrs. Parlby, his uncle’s estimable housekeeper.

But he did neither of these things. Instead, he was to continue the folly of keeping both souvenirs and the equal folly of looking at them from time to time to see if they were safe.