hands. A word from Mr. Hale and the slaughter would have ceased. But he hardened his heart and waited, the lines deepening, the mouth and eyes growing sterner and firmer, and the face aging with the hours. It is needless for me to speak of my own suffering during that frightful period. Find here the letters and telegrams of the M. of M., and the newspaper accounts, etc., of the various murders.

You will notice also the letters warning Mr. Hale of certain machinations of commercial enemies and secret manipulations of stock. The M. of M. seemed to have its hand on the inner pulse of the business and financial world. They possessed themselves of and forwarded to us information which our agents could not obtain. One timely note from them, at a critical moment in a certain deal, saved all of five millions to Mr. Hale. At another time they sent us a telegram which probably was the means of preventing an anarchist crank from taking my employer's life. We captured the man on his arrival and turned him over to the police, who found upon him enough of a new and powerful explosive to sink a battleship.

We persisted. Mr. Hale was grit clear through. He disbursed at the rate of one hundred thousand per week for secret service. The aid of the Pinkertons and of countless private detective agencies was called in, and in addition to this thousands were upon our payroll. Our agents swarmed everywhere, in all guises, penetrating all classes of society. They grasped at a myriad clues; hundreds of suspects were jailed, and at various times thousands of suspicious persons were under surveillance, but nothing tangible came to light. With its communications the M. of M. continually changed its method of delivery. And every messenger they sent us was arrested forthwith. But these inevitably proved to be innocent individuals, while their descriptions of the persons who had employed them for the errand never tallied. On the last day of December we received this notification:

OFFICE OF THE M. OF M., December 31, 1899.

MR. EBEN HALE, Money Baron:

Dear Sir,—Pursuant of our policy, with which we flatter ourselves you are already well versed, we beg to state that we shall give a passport from this Vale of Tears to Inspector Bying, with whom, because of our attentions, you have become so well acquainted. It is his custom to be in his private office at this hour. Even as you read this he breathes his last.

Cordially yours,

THE MINIONS OF MIDAS.

I dropped the letter and sprang to the telephone. Great was my relief when I heard the Inspector's hearty voice. But, even as he spoke, his voice died away in the receiver to a gurgling sob, and I heard faintly the crash of a falling body. Then a strange voice hello'd me, sent me the regards of the M. of M., and broke the switch. Like a flash I called up the public office of the Central Police, telling them to go at once to the Inspector's aid in his private office. I then held the line, and a few minutes later received the intelligence that he had been found bathed in his own blood and breathing his last. There were no eyewitnesses, and no trace was discoverable of the murderer.

Whereupon Mr. Hale immediately increased his secret service till a quarter of a million flowed weekly from his coffers. He was determined to win out. His graduated rewards aggregated over ten millions. You have a fair idea of his resources and you can see in what manner he drew upon them. It was the principle, he affirmed, that he was fighting for, not the gold. And it must be admitted that his course proved the nobility of his motive. The police departments of all the great cities cooperated, and even the United States Government stepped in, and the affair became one of the highest questions of state. Certain contingent funds of the nation were devoted to the unearthing of the M. of M., and every government agent was on the alert. But all in vain. The Minions of Midas carried on their damnable work unhampered. They had their way and struck unerringly.

But while he fought to the last, Mr. Hale could not wash his hands of the blood with which they were dyed. Though not technically a murderer, though no jury of his peers would ever have convicted him, none the less the death of every individual was due to him. As I said before, a word from him and the slaughter would have ceased. But he refused to give that word. He insisted that the integrity of society was assailed; that he was not sufficiently a coward to desert his post; and that it was manifestly just that a few should be martyred for the ultimate welfare of the many. Nevertheless this blood was upon his head, and he sank into deeper and deeper gloom. I was likewise whelmed with the guilt of an accomplice. Babies were ruthlessly killed, children, aged men; and not only were these murders local, but they were distributed over the country. In the middle of February, one evening, as we sat in the library, there came a sharp knock at the door. On responding to it I found, lying on the carpet of the corridor, the following missive:

OFFICE OF THE M. OF M., February 15, 1900.

MR. EBEN HALE, Money Baron:

Dear Sir,—Does not your soul cry out upon the red harvest it is reaping? Perhaps we have been too abstract in conducting our business. Let us now be concrete. Miss Adelaide Laidlaw is a talented young woman, as good, we understand, as she is beautiful. She is the daughter of your old friend, Judge Laidlaw, and we happen to know that you carried her in your arms when she was an infant. She is your daughter's closest friend, and at present is visiting her. When your eyes have read thus far her visit will have terminated.

Very cordially,

THE MINIONS OF MIDAS.

My God! did we not instantly realize the terrible import! We rushed through the dayrooms—she was not there—and on to her own apartments. The door was locked, but we crashed it down by hurling ourselves against it. There she lay, just as she had finished dressing for the opera, smothered with pillows torn from the couch, the flush of life yet on her flesh, the body still flexible and warm. Let me pass over the rest of this horror. You will surely remember, John, the newspaper accounts.

Late that night Mr. Hale summoned me to him, and before God did pledge me most solemnly to stand by him and not to compromise, even if all kith and kin were destroyed.

The next day I was surprised at his cheerfulness. I had thought he would be deeply shocked by this last tragedy—how deep I was soon to learn. All day he was light-hearted and high-spirited, as though at last he had found a way out of the frightful difficulty. The next morning we found him dead in his bed, a peaceful smile upon his careworn face—asphyxiation. Through the connivance of the police and the authorities, it was given out to the world as heart disease. We deemed it wise to withhold the truth; but little good has it done us, little good has anything done us.

Barely had I left that chamber of death, when—but too late—the following extraordinary letter was received:

OFFICE OF THE M. of M., February 17, 1900.

MR. EBEN HALE, Money Baron:

Dear Sir,—You will pardon our intrusion, we hope, so closely upon the sad event of day before yesterday; but what we wish to say may be of the utmost importance to you. It is in our mind that you may attempt to escape us. There is but one way, apparently, as you have ere this doubtless discovered. But we wish to inform you that even this one way is barred. You may die, but you die failing and acknowledging your failure. Note this: WE ARE PART AND PARCEL OF YOUR POSSESSIONS. WITH YOUR MILLIONS WE PASS DOWN TO YOUR HEIRS AND ASSIGNS FOREVER.

We are the inevitable. We are the culmination of industrial and social wrong. We turn upon the society that has created us. We are the successful failures of the age, the scourges of a degraded civilization.

We are the creatures of a perverse social selection. We meet force with force. Only the strong shall endure. We believe in the survival of the fittest. You have crushed your wage slaves into the dirt and you have survived. The captains of war, at your command, have shot down like dogs your employees in a score of bloody strikes. By such means you have endured. We do not grumble at the result, for we acknowledge and have our being in the same natural law. And now the question has arisen: UNDER THE PRESENT SOCIAL ENVIRONMENT, WHICH OF US SHALL SURVIVE? We believe we are the fittest. You believe you are the fittest. We leave the eventuality to time and law.

Cordially yours,

THE MINIONS OF MIDAS.

John, do you wonder now that I shunned pleasure and avoided friends? But why explain? Surely this narrative will make everything clear. Three weeks ago Adelaide Laidlaw died. Since then I have waited in hope and fear. Yesterday the will was probated and made public. Today I was notified that a woman of the middle class would be killed in Golden Gate Park , in faraway San Francisco . The despatches in to-night's papers give the details of the

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