Bram Jalway as the crook still writhed in Dashler's grasp. Gun pointed upward, Jalway had found no other target than the ceiling. Yet his shot turned an overwhelming tide.

Seth Hadlow had already subdued Purvis Elger and was holding the portly crook against the wall. But at the sound of Jalway's shot, Hadlow turned instinctively. Elger wrestled free and dived to the floor.

His gun was lying there, where he had dropped it in the struggle. Regaining the weapon, Elger twisted away from Hadlow and made an upward stroke. His gun muzzle delivered a glancing blow to Hadlow's chin. The sportsman went down with a thump.

Dashler, seeing this, made a valiant effort to grab Jalway's gun. It was a mistaken attempt. Jalway, copying Elger's motion in reverse, drove his weapon downward. Dashler's gripping arm partially absorbed the shock; but a glancing stroke struck his skull. The sailor sagged.

Hadlow and Dashler were prey for the crooks. But a spontaneous cry from Francine gave warning to both Elger and Jalway. Staring hopelessly toward the door, the girl had seen a new figure arrive. The Shadow had returned for battle.

Entering, The Shadow had dropped his brace of automatics. He had emptied those weapons in his previous fray. His gloved hands were whipping a new pair of weapons from beneath his cloak.

With Elger and Jalway taking time to fire at the senseless forms of Hadlow and Dashler, The Shadow would have had perfect opportunity to clip the crooks. But Francine's cry had placed him at a disadvantage.

ELGER and Jalway wheeled toward the door as one. Separated by a dozen feet, they offered a dual problem to The Shadow as he yanked his guns to view. Marvelous marksman though he was, the position placed him so that he would have to pick one foe an instant before the other.

Both men were desperate. Both were killers. It might have been an equal choice to an ordinary fighter. But The Shadow, instantaneous in his decision, took immediate preference. His eyes swung to the left, where Elger stood alone. His left-hand automatic flashed its flame.

Elger staggered. He tried to hold his gun; but he failed. The portly crook lost the weapon and went sagging to the floor, clutching his chest, coughing from the mortal wound.

The Shadow's quick gaze had shifted toward Jalway, who had stepped in front of Francine. It was Jalway's position that had made The Shadow allow him the momentary chance to aim. For The Shadow had counted on a break. It came.

Francine, by her cry of gladness, had brought grim menace to The Shadow. But it was that very reaction of the girl that had caused The Shadow to fire first at Elger. He was relying upon Francine's spontaneous promptness. The Shadow had decided well.

As Jalway's finger pressed the trigger for a death shot, Francine was already leaping forward. The girl's frail hands caught at the man's wrist. The effort was sufficient; it diverted Jalway's aim.

A bullet boomed from the crook's gun. The shot went wide by half a dozen inches. It missed the turning form of The Shadow. But Jalway, with a furious oath, leaped to another measure.

Twisting, he grabbed the girl's body with his left arm and swung Francine as a barrier against The Shadow's shot. His revolver leveled, he tried to turn it toward the evasive foe at the doorway.

The Shadow swept into the room, ahead of Jalway's swing. Jalway fired one shot - another - but his turning aim, handicapped by Francine's struggle, was too late on both occasions.

Then, suddenly, The Shadow stopped short. He fired one shot as Jalway, swinging his arm wide, gave him a momentary target. The bullet burned Jalway's forearm. With a cry, the crook let Francine fall away. Still holding his gun, he tried to press the trigger. His shot was never fired.

The room roared with a mingled burst that sounded like an artillery barrage. Cliff and Harry had dashed into the house. They fired simultaneously with The Shadow. Three bullets spun Jalway to the floor. The crook was motionless before the echoes ended.

Purvis Elger, crumpled by the bookcase, was staring with glassy eyes. The arch-crook could not reach his gun. He tried to fume incoherent words; his strength ebbed with the gasps.

Half rising with a final effort, Elger buckled and sprawled dead. His hand clutched at the bookcase as he fell; loosened volumes tumbled and thudded the floor beside the master crook's prone form.

COMPANIONS in crime had received just doom. Bram Jalway, whom The Shadow had suspected of criminal intent aboard the Maldah; Purvis Elger, whom The Shadow had identified as an evil rogue, even before he had met the master of Timour Isle. Above the mantel over the fireplace, burnished bronze reflected the room's light. That gryphon shield would no longer be the symbol of a supercriminal.

From beneath his cloak, The Shadow brought forth a sheet of paper; he let it flutter to the floor, where it fell beside Elger's body. The side that came upward showed the same symbol as the bronze above the fireplace.

The Shadow had returned the piece of evidence that he had acquired on the night when George Dalavan had murdered James Tolwig. That scrap of paper had come from Purvis Elger; The Shadow had given it back to its dead owner.

Seth Hadlow was reviving, with Francine beside him. Dashler, after a momentary sway, was regaining his senses. The Shadow turned to his agents. He gave a hissed order. Cliff and Harry turned about and headed for the front door.

The Shadow glided toward the hallway. For a moment he stood there, barely discernible, blackness against a gloomy background. Then he whirled. The crimson lining of his sable cloak swished momentarily in the glow from the living room.

Then The Shadow, too, was gone, the only token of his parting a hissed, sardonic laugh that left strange, ghoulish echoes quivering through this room where men of crime had died.

CHAPTER XXIII. NEW DAWN

THE pink light of a new day was breaking along the Georgia coast. The stretched expanse of rose-tinted ocean was heaving with long, restless swells. The power of the waves had ended. These heavy rises and falls were but a reminder of the storm that had spent its fury.

The glow from the horizon revealed a small power boat chugging northward, past islands where stretches of sand ended in strips of towering, blackened trees. This was the little cabin boat that Ruff Turney had kept hidden in the swamp below Timour Isle.

Dashler was at the tiller; as the sailor nonchalantly guided the boat, two others talked of events that were past. Seth Hadlow was seated beside Francine Feldworth, while they discussed the episode on Timour Isle.

'The professor gets the credit,' acknowledged Hadlow, in a solemn tone. 'If it hadn't been for him, we'd be boxed up deep beneath the ocean.'

'The captain of that tramp steamer was a dupe,' said Francine. 'He thought that Purvis Elger intended to get rid of useless curios by dropping them at sea.'

'But he didn't stay around to wait,' added Hadlow. 'He must have hauled up anchor and sailed hours ago. Probably he was afraid that coast guard cutters might be off the shore.'

A PAUSE followed. Francine, nestling close to Hadlow, sighed pleasantly as she looked toward the brightening sky. This day was dawning with perfection.

'The professor didn't miss a trick,' commented Hadlow. 'That case in his room - with the tiara, the fifty thousand dollars and the stenographic evidence. It showed that fellow Dalavan for a crook as bad as the others.'

'And the note we found,' said Francine. 'The one that told us to follow the passage to the caverns; then on to the old slave quarters and the spot where this boat was run ashore. It gave us all we needed.'

'Full proof of Elger's crimes; and Jalway was working with the rogue.'

'It will enable us to inform the law. Those treasures will be reclaimed intact.'

'To go back to their true owners.'

Another brief pause; then Hadlow spoke speculatively.

'Who was Professor Marcolm?' he inquired. 'Where did your uncle meet him?'

'In New York,' replied Francine. 'The professor had heard that uncle was going on a cruise. He wanted to come along; to check on charts of the Atlantic coast.'

'Those were the things he brought ashore? His maps? I wondered what he had with him?'

'He took his belongings after he saved us from death. He must have had his black attire with them, also those huge guns that he carried.'

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