living room wall.

The den looked like a study. A desk was piled high with books. Other volumes lay upon a lounge. The walls of the room were lined with bookcases, which held more volumes than the shelves that The Shadow had seen in the living room.

The den was empty; but a light from a half-opened door indicated an inner bedroom. Elger had gone there. Taking advantage of the supercrook's absence; The Shadow entered the den and closed the door from the hall.

A heavy bookcase ended near a corner. The space formed a niche against the wall. The Shadow glided in that direction; he became a tall shape of motionless black, as he took to the improvised hiding place. From here, The Shadow could peer straight toward the half-closed door of the bedroom.

The barrier opened as he watched. Elger came out and went to the desk. He began to consult an opened book that lay there. He was interrupted by a knock at the door from the hall.

Elger spoke. The door opened. Golga entered. The servant's face wore a cunning gleam. Elger noted it and smiled.

'They have all retired?' he questioned, softly.

'Yes,' growled Golga.

'Turn in then,' ordered Elger. 'I shall talk with you in the morning.'

Golga departed. As soon as the servant was gone, Elger arose and went to the door. He locked it, then extinguished the light. He crossed the den and entered the bedroom, leaving the door partly opened.

THE SHADOW moved from his hiding place. Stealthy in the darkness, he followed Elger's course. He peered into the bedroom. Elger had removed his dressing gown; he was donning coat and vest, all that he required to be fully clad.

Besides a bureau and a bed, this room boasted a bookcase in an obscure corner. These shelves appeared to be stocked with the overflow of volumes from the den; but The Shadow noted that the books were lined in perfect order. That indicated some other purpose; for Elger, if he used those books, would probably have allowed them to reach a stage of disarray.

The real purpose of the bookcase became apparent as Elger approached that corner of the room. Removing one volume, the portly man pressed a hidden spring. The bookcase swung outward, like a hinged door. Beyond it loomed a blackened passage.

Elger entered. His bald head moved downward. The man was descending steep steps. Hardly had he disappeared before the bookcase closed automatically. At the same instant, the light went out in the bedroom.

A soft laugh in the darkness. The Shadow's cloak swished slightly as his form moved forward. A tiny flashlight glimmered. A gloved hand found the book that Elger had removed. The Shadow drew the volume forth, then probed the space where it had been.

A click. The Shadow stepped back as the bookcase opened. Musty, dampened air issued forth from the staircase in the wall. Moments passed; then that atmosphere ended. The bookcase had closed. The room was silent.

The Shadow, alert upon the trail, was following the course that Purvis Elger had taken. He was on his way to learn the secret that lay beneath this house on Timour Isle.

CHAPTER VII. CAVERNS OF WEALTH

A TINY flashlight glimmered amid inky blackness. A soft laugh came from hidden lips. The light went out. Stealthily, The Shadow swished forward through a passage that was low and long beneath the ground.

The Shadow had reached the bottom of the hidden stairway. Waiting there, he listened to the sound of fading footfalls from ahead. Positive that Purvis Elger had left this dank corridor, the black-garbed investigator was again taking up the trail.

At intervals the flashlight blinked, its small circle directed toward the rough stone floor of the passage. Though hidden traps seemed unlikely, The Shadow was taking no chances in his pursuit.

As he proceeded, however, he became confident that the only secret of this corridor was its hidden entrance. Oozing spaces between the stones showed that the moist ground offered no possibilities of a hidden pitfall.

The passage ended one hundred yards from the house. The Shadow encountered a stone wall in the darkness. Instead of using his flashlight, The Shadow waited in the gloom; then he sensed a slight draught from the right. That indicated another corridor. Groping, The Shadow found the passage.

A few rods brought him to another barrier. This was a door, sheathed with metal. Cautiously, The Shadow opened it. Dim light greeted his keen eyes. The Shadow was in a square-walled cavern, which was hazily illuminated by the glow from an opening beyond.

Dim shapes stood by the wall. Burnished surfaces reflected the dim glow. Eyeing these figures, The Shadow discerned that they were suits of armor, standing like rigid sentinels. They were not the only objects in the cavern.

Large chests were stacked along the wall. Upon them rested several vases that gleamed dully in the light. In a corner stood a group of metal cylinders. The Shadow could guess the nature of their contents: rolled-up paintings, stowed in these tubes to prevent injury from dampness.

Passing the metal sentinels, The Shadow reached the opening beyond. From darkness, he gazed into a second, smaller cavern. This room contained a few odd chests; beyond it was the opening to a larger, darkened room.

MOST important, however, were the living occupants of the middle room. Two men were seated upon chests; the glow of a lantern showed their faces. One was Purvis Elger; the other was a hard-faced, roughly clad fellow, with bristly, unshaven cheeks.

The Shadow had seen that countenance before. Elger's companion was a New York mob-leader, known as 'Ruff' Turney. He had disappeared from Manhattan some months ago. Rumor had it that Ruff had been slain in a wholesale mob killing.

Blended with the darkness of the room that he had crossed, The Shadow waited, listening. He had caught the sound of voices during his advance; now he could distinguish the words that passed between the men whom he had uncovered. Purvis Elger was talking in a testy tone.

'You knew my orders, Ruff,' announced the portly man. 'There was no excuse for that attack on the lifeboat. You should have given the word to scatter.'

'That's what I did,' growled Ruff. 'But it was too late. We got fooled, chief. It wasn't until the sailor came running up that we knew those mugs weren't from the Dalmatia.'

'You should not have been on the beach at all. I told you that the Dalmatia would anchor off the lower inlet.'

'We saw the lights from there, chief. Then the ship anchored farther up. We figured the captain had missed his bearings. That's why we went out to the beach and sent up our rockets.'

'I told you that the Dalmatia was a tramp steamer, like the others that have anchored off here.'

'I know that. That's what we thought the ship was. We saw a line of lights, coming up and down with the waves.'

'A low line?'

'Sure. Kind of low, but the way they went up and down, it was hard to figure them. Say - what was the boat, anyway?'

'A yacht. The Maldah, owned by a shoe manufacturer named Kingdon Feldworth. And you and your outfit mistook it for a tramp steamer!'

ELGER ended his utterance with a contemptuous snort. Ruff Turney's bristly face showed a sour expression. The mob-leader stroked his chin; then grunted an excuse.

'If you'd been out on the beach, chief,' he said, 'maybe you'd have been fooled, too. We couldn't figure how far out the ship was. Just lights - that's all. Looked like a hundred-to-one shot on it being the Dalmatia.'

'That part is excusable,' decided Elger. 'In fact, everything was all right up to the time of the attack. But that was the big mistake. You started too much trouble.'

'I didn't start it, chief. The outfit thought it was coast guards, when the sailor came running up. Nicky yanked a knife before I could stop him. He stabbed the sailor.'

'And after that?'

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