Out of Mr. Croon's fertile financial genius emerged, for example. the great Tin Salvage Trust. In circulars, advertisements, and statements to the Press, Mr. Croon raised his literary hands in horror at the appalling waste of tin that was going on day by day throughout the country. 'Tins,' of course as understood in the British domestic vocabulary to mean the sep­ulchres of Hcinz's 57 Varieties, the Crosse & Blackwell vegeta­ble garden, or the Campbell soup kitchen, are made of thin sheet steel with the most economical possible plating of genu­ine tin; but nevertheless (Mr. Croon pointed out) tin was used. And what happened to it? It was thrown away.

The garbage man removed it along with the other contents of the ashcan, and the municiapl incenerators burnt it. And tin was a precious metal-not quite so valuable as gold and pla­tinum, but not very far behind silver. Mr. Croon invited his readers to think of it. Hundreds of thousands of pounds being poured into garbage dumps and incinerators every day of the week from every kitchen in the land. Individually worthless 'tins' which in the accumulation represented an enormous potential wealth.

The great Tin Salvage Trust was formed with a capital of nearly a quarter of a million to deal with the problem. Bar­rows would collect cans from door to door. Rag-and-bone men would lend their services. A vast refining and smelting plant would be built to recover the pure tin. Enormous dividends would be paid. The subscribers would grow rich overnight The subscribers did not grow rich overnight; but that was not Mr. Croon's fault. The Official Receiver reluctantly had to admit it, when the Trust went into liquidation eighteen months after it was formed. The regrettable capriciousness of fortune discovered and enlarged a fatal leak in the scheme; without quite knowing how it all happened, a couple of dazed promoters found themselves listening to sentences of penal servitude; and the creditors were glad to accept one shilling in the pound. Mr. Croon was overcome with grief-he said so in public-but he could not possibly be blamed for the failure. He had no connection whatever with the Trust, except as Fi­nancial Consultant-a post for which he received a merely nominal salary. It was all very sad.

In similar circumstances, Mr. Croon was overcome with grief at the failures of the great Rubber Waste Products Corpora­tion, the Iron Workers' Benevolent Guild, the Small Inves­tors' Cooperative Bank, and the Consolidated Albion Film Company. He had a hard and unprofitable life; and if his mansion flat in Hampstead, his Rolls Royce, his shoot in Scot­land, his racing stable, and his house at Marlow helped to console him, it is quite certain that he needed them.

'A very suitable specimen for us to study,' said Simon Tem­plar.

The latest product of Mr. Croon's indomitable inventiveness was spread out on his knee. It took the form of a very artisti­cally typewritten letter, which had been passed on to the Saint by a chance acquaintance.

Dear Sir, As you cannot fail to be aware, a state of Prohibition exists at present in the United States of America. This has led to a highly profitable trade in the forbidden alcoholic drinks between countries not so affected and the United States.

A considerable difference of opinion exists as to whether this traffic is morally justified. There can be no question, however, that from the standpoint of this country it cannot be legally attacked, nor that the profits, in proportion to the risk, are exceptionally attractive.

If you should desire further information on the subject I shall be pleased to supply it at the above address.

Yours faithfully, Melford Croon.

Simon Templar called on Mr. Croon one morning by ap­pointment; and the name he gave was not his own. He found Mr. Croon to be a portly and rather pale-faced man, with the flowing iron-grey mane of an impresario; and the information he gave-after a few particularly shrewd inquiries about his visitor's status and occupation-was very much what the Saint had expected.

'A friend of mine,' said Mr. Croon-he never claimed per­sonally to be the author of the schemes on which he gave Fi­nancial Consultations-'a friend of mine is interested in send­ing a cargo of wines and spirits to America. Naturally, the expenses are somewhat heavy. He has to charter a ship, engage a crew, purchase the cargo, and arrange to dispose of it on the other side. While he would prefer to find the whole of the money-and, of course, reap all the reward--he is unfortunately left short of about two thousand pounds.'

'I see,' said the Saint.

He saw much more than Mr. Croon told him, but he did not say so.

'This two thousand pounds,' said Mr. Croon, 'represents about one-fifth of the cost of the trip, and in order to complete his arrangements my friend is prepared to offer a quarter of his profits to anyone who will go into partnership with him. As he expects to make at least ten thousand pounds, you will see that there are not many speculations which offer such a liberal re­turn.'

If there was one role which Simon Templar could play bet­ter than any other, it was that of the kind of man whom finan­cial consultants of every size and species dream that they may meet one day before they die. Mr. Croon's heart warmed to­wards him as Simon laid on the touches of his self-created char­acter with a master's brush.

'A very charming man,' thought the Saint as he paused on the pavement outside the building which housed Mr. Croon's offices.

Since at various stages of the interview Mr. Croon's effusive bonhomie had fairly bubbled with invitations to lunch with Mr. Croon, dine with Mr. Croon, shoot with Mr. Croon, watch Mr. Croon's horses win at Goodwood with Mr. Croon, and spend week-ends with Mr. Croon at Mr. Croon's house on the river, the character which Simon Templar had been playing might have thought that the line of the Saint's lips were unduly cynical; but Simon was only thinking of his own mis­sion in life.

He stood there with his walking cane swinging gently in his fingers, gazing at the very commonplace street scene with thoughtful blue eyes, and became aware that a young man with the physique of a pugilist was standing at his shoulder. Simon waited.

'Have you been to see Croon?' demanded the young man suddenly.

Simon looked around with a slight smile.

'Why ask?' he murmured. 'You were outside Croon's room when I came out, and you followed me down the stairs.'

'I just wondered.'

The young man had a pleasantly ugly face with crinkly grey eyes that would have liked to be friendly; but he was very plainly nervous.

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