gradual disappearance of various little possessions she knew that Bunting valued, notably of the old-fashioned gold watch-chain which had been given to him after the death of his first master, a master he had nursed faithfully and kindly through a long and terrible illness. There had also vanished a twisted gold tie-pin, and a large mourning ring, both gifts of former employers.

When people are living near that deep pit which divides the secure from the insecure—when they see themselves creeping closer and closer to its dread edge—they are apt, however loquacious by nature, to fall into long silences. Bunting had always been a talker, but now he talked no more. Neither did Mrs. Bunting, but then she had always been a silent woman, and that was perhaps one reason why Bunting had felt drawn to her from the very first moment he had seen her.

It had fallen out in this way. A lady had just engaged him as butler, and he had been shown, by the man whose place he was to take, into the dining-room. There, to use his own expression, he had discovered Ellen Green, carefully pouring out the glass of port wine which her then mistress always drank at 11.30 every morning. And as he, the new butler, had seen her engaged in this task, as he had watched her carefully stopper the decanter and put it back into the old wine-cooler, he had said to himself, "That is the woman for me!"

But now her stillness, her—her dumbness, had got on the unfortunate man's nerves. He no longer felt like going into the various little shops, close by, patronised by him in more prosperous days, and Mrs. Bunting also went afield to make the slender purchases which still had to be made every day or two, if they were to be saved from actually starving to death.

Suddenly, across the stillness of the dark November evening there came the muffled sounds of hurrying feet and of loud, shrill shouting outside—boys crying the late afternoon editions of the evening papers.

Bunting turned uneasily in his chair. The giving up of a daily paper had been, after his tobacco, his bitterest deprivation. And the paper was an older habit than the tobacco, for servants are great readers of newspapers.

As the shouts came through the closed windows and the thick damask curtains, Bunting felt a sudden sense of mind hunger fall upon him.

It was a shame—a damned shame—that he shouldn't know what was happening in the world outside! Only criminals are kept from hearing news of what is going on beyond their prison walls. And those shouts, those hoarse, sharp cries must portend that something really exciting had happened, something warranted to make a man forget for the moment his own intimate, gnawing troubles.

He got up, and going towards the nearest window strained his ears to listen. There fell on them, emerging now and again from the confused babel of hoarse shouts, the one clear word "Murder!"

Slowly Bunting's brain pieced the loud, indistinct cries into some sort of connected order. Yes, that was it—"Horrible Murder! Murder at St. Pancras!" Bunting remembered vaguely another murder which had been committed near St. Pancras—that of an old lady by her servant-maid. It had happened a great many years ago, but was still vividly remembered, as of special and natural interest, among the class to which he had belonged.

The newsboys—for there were more than one of them, a rather unusual thing in the Marylebone Road—were coming nearer and nearer; now they had adopted another cry, but he could not quite catch what they were crying. They were still shouting hoarsely, excitedly, but he could only hear a word or two now and then. Suddenly "The Avenger! The Avenger at his work again!" broke on his ear.

During the last fortnight four very curious and brutal murders had been committed in London and within a comparatively small area.

The first had aroused no special interest—even the second had only been awarded, in the paper Bunting was still then taking in, quite a small paragraph.

Then had come the third—and with that a wave of keen excitement, for pinned to the dress of the victim—a drunken woman—had been found a three-cornered piece of paper, on which was written, in red ink, and in printed characters, the words,

"THE AVENGER"

It was then realised, not only by those whose business it is to investigate such terrible happenings, but also by the vast world of men and women who take an intelligent interest in such sinister mysteries, that the same miscreant had committed all three crimes; and before that extraordinary fact had had time to soak well into the public mind there took place yet another murder, and again the murderer had been to special pains to make it clear that some obscure and terrible lust for vengeance possessed him.

Now everyone was talking of The Avenger and his crimes! Even the man who left their ha'porth of milk at the door each morning had spoken to Bunting about them that very day.

******

Bunting came back to the fire and looked down at his wife with mild excitement. Then, seeing her pale, apathetic face, her look of weary, mournful absorption, a wave of irritation swept through him. He felt he could have shaken her!

Ellen had hardly taken the trouble to listen when he, Bunting, had come back to bed that morning, and told her what the milkman had said. In fact, she had been quite nasty about it, intimating that she didn't like hearing about such horrid things.

It was a curious fact that though Mrs. Bunting enjoyed tales of pathos and sentiment, and would listen with frigid amusement to the details of a breach of promise action, she shrank from stories of immorality or of physical violence. In the old, happy days, when they could afford to buy a paper, aye, and more than one paper daily, Bunting had often had to choke down his interest in some exciting "case" or "mystery" which was affording him pleasant mental relaxation, because any allusion to it sharply angered Ellen.

But now he was at once too dull and too miserable to care how she felt.

Walking away from the window he took a slow, uncertain step towards the door; when there he turned half round, and there came over his close-shaven, round face the rather sly, pleading look with which a child about to do something naughty glances at its parent.

But Mrs. Bunting remained quite still; her thin, narrow shoulders just showed above the back of the chair on which she was sitting, bolt upright, staring before her as if into vacancy.

Bunting turned round, opened the door, and quickly he went out into the dark hall—they had given up lighting the gas there some time ago—and opened the front door.

Walking down the small flagged path outside, he flung open the iron gate which gave on to the damp pavement. But there he hesitated. The coppers in his pocket seemed to have shrunk in number, and he remembered ruefully how far Ellen could make even four pennies go.

Then a boy ran up to him with a sheaf of evening papers, and Bunting, being sorely tempted—fell. "Give me a Sun," he said roughly, "Sun or Echo!"

But the boy, scarcely stopping to take breath, shook his head. "Only penny papers left," he gasped. "What'll yer 'ave, sir?"

With an eagerness which was mingled with shame, Bunting drew a penny out of his pocket and took a paper—it was the Evening Standard— from the boy's hand.

Then, very slowly, he shut the gate and walked back through the raw, cold air, up the flagged path, shivering yet full of eager, joyful anticipation.

Thanks to that penny he had just spent so recklessly he would pass a happy