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had been stationed in the bows with a boat-hook to fend off the drifting logs which came sweeping down with the current. Now he stood with crooked knees, glaring out in front of him, and one forefinger stabbing furiously at the air.

"Look at it!" he yelled. "Look at it!"

And at the same instant we saw it.

A huge black trunk was coming down the river, its broad glistening back just lapped by the water. And in front of it—about three feet in front—arching upwards like the figure-head of a ship, there hung a dreadful face, swaying slowly from side to side. It was flattened, malignant, as large as a small beer-barrel, of a faded fungoid colour, but the neck which supported it was mottled with a dull yellow and black As it flew past the Gamecock in the swirl of the waters I saw two immense coils roll up out of some great hollow in the tree, and the villainous head rose suddenly to the height of eight or ten feet, looking with dull, skin-covered eyes at the yacht. An instant later the tree had shot past us and was plunging with its horrible passenger towards the Atlantic.

"What was it?" I cried.

"It is our fiend of the cooperage," said Dr. Severall, and he had become in an instant the same bluff, self-confident man that he had been before. "Yes, that is the devil who has been haunting our island. It is the great python of the Gaboon."

I thought of the stories which I had heard all down the coast of the monstrous constrictors of the interior, of their periodical appetite, and of the murderous effects of their deadly squeeze. Then it all took shape in my mind. There had been a freshet the week before. It had brought down this huge hollow tree with its hideous occupant. Who knows from what far distant tropical forest it may have come! It had been stranded on the little east bay of the island. The cooperage had been the nearest house. Twice with the return of its appetite it had carried off the watchman. Last night it had doubtless come again, when Severall had thought he saw something move at the window, but our lights had driven it away. It had writhed onwards and had slain poor Walker in his sleep.

"Why did it not carry him off?" I asked.

"The thunder and lightning must have scared the brute away. There's your steward, Meldrum. The sooner we have breakfast and get back to the island the better, or some of those niggers might think that we had been frightened."

X JELLAND'S VOYAGE

"Well," said our Anglo-Jap as we all drew up our chairs round the smoking-room fire, "it's an old tale out yonder, and may have spilt over into print for all I know. I don't want to turn this club-room into a chestnut stall, but it is a long way to the Yellow Sea, and it is just as likely that none of you have ever heard of the yawl Matilda, and of what happened to Henry Jelland and Willy McEvoy aboard of her.

"The middle of the sixties was a stirring time out in Japan. That was just after the Simonosaki bombardment, and before the Daimio affair. There was a Tory party and there was a Liberal party among the natives, and the question that they were wrangling over was whether the throats of the foreigners should be cut or not. I tell you all, politics have been tame to me since then. If you lived in a treaty port, you were bound to wake up and take an interest in them. And to make it better, the outsider had no way of knowing how the game was going. If the opposition won it would not be a newspaper paragraph that would tell him of it, but a good old Tory in a suit of chain mail, with a sword in each hand, would drop in and let him know all about it in a single upper cut.

"Of course it makes men reckless when they are living on the edge of a volcano like that. Just at first they are very jumpy, and then there comes a time when they learn to enjoy life while they have it. I tell you there's nothing makes life so beautiful as when the shadow of death begins to fall across it. Time is too precious to be dawdled away then, and a man lives every minute of it. That was the way with us in Yokohama. There were many European places of business which had to go on running, and the men who worked them made the place lively for seven nights in the week.

"One of the heads of the European colony was Randolph Moore, the big export merchant. His offices were in Yokohama, but he spent a good deal of his time at his house up in Jeddo, which had only just been opened to the trade. In his absence he used to leave his affairs in the hands of his head clerk, Jelland, whom he knew to be a man of great energy and resolution. But energy and resolution are two-edged things, you know, and when they are used against you you don't appreciate them so much.

"It was gambling that set Jelland wrong. He was a little dark-eyed fellow with black curly hair—more than three-quarters Celt, I should imagine. Every night in the week you would see him in the same place, on the left-hand side of the croupier at Matheson's rouge et noir table. For a long time he won, and lived in better style than his employer. And then came a turn of luck, and he began to lose so that at the end of a single week his partner and he were stone broke, without a dollar to their names.

"This partner was a clerk in the employ of the same firm—a tall, straw-haired young Englishman called McEvoy. He was a good boy enough at the start, but he was clay in the hands of Jelland, who fashioned him into a kind of weak model of himself. They were for ever on the prowl together, but it was Jelland who led and McEvoy who followed. Lynch and I and one or two others tried to show the youngster that he could come to no good along that line, and when we were talking to him we could win him round easily enough, but five minutes of Jelland would swing him back again. It may have been animal magnetism or what you like, but the little man could pull the big one along like a sixty-foot tug in front of a full-rigged ship. Even when they had lost all their money they would still take their places at the table and look on with shining eyes when any one else was raking in the stamps.

"But one evening they could keep out of it no longer. Red had turned up sixteen times running, and it was more than Jelland could bear. He whispered to McEvoy, and then said a word to the croupier.

"'Certainly, Mr. Jelland; your cheque is as good as notes,' said he.

"Jelland scribbled a cheque and threw it on the black. The card was the king of hearts, and the croupier raked in the little bit of paper. Jelland grew angry, and McEvoy white. Another and a heavier cheque was written and thrown on the table. The card was the nine of diamonds. McEvoy leaned his head upon his hands and looked as if he would faint. 'By God!' growled Jelland, 'I won't be beat,' and he threw on a cheque that covered the other two. The card was the deuce of hearts. A few minutes later they were walking down the Bund, with the cool night-air playing upon their fevered faces.

"'Of course you know what this means,' said Jelland, lighting a cheroot; 'we'll have to transfer some of the office money to our current account. There's no occasion to make a fuss over it. Old Moore won't look over the books before Easter. If we have any luck, we can easily replace it before then.'

"'But if we have no luck?' faltered McEvoy.

"'Tut, man, we must take things as they come. You stick to me, and I'll stick to you, and we'll pull through together. You shall sign the cheques to-morrow night, and we shall see if your luck is better than mine.'

"But if anything it was worse. When the pair rose from the table on the following evening, they had spent over £5,000 of their employer's money. But the resolute Jelland was as sanguine as ever.

"'We have a good nine weeks before us before the books will be examined,' said he. 'We must play the game out, and it will all come straight.'

"McEvoy returned to his rooms that night in an agony of shame and remorse. When he was with Jelland he borrowed strength from him; but alone he recognised the full danger of his position, and the vision of his old white-capped mother in England, who had been so proud when he had received his appointment, rose up before him to fill him with loathing and madness. He was still tossing upon his sleepless couch when his Japanese servant entered the bedroom. For an instant McEvoy thought that the long-expected outbreak had come, and plunged for his revolver. Then, with his heart in his mouth, he listened to the message which the servant had brought.

"Jelland was downstairs, and wanted to see him.

"What on earth could he want at that hour of night? McEvoy dressed hurriedly and rushed downstairs. His companion, with a set smile upon his lips, which was belied by the ghastly pallor of his face, was sitting in the dim light of a solitary candle, with a slip of paper in his hands.

"'Sorry to knock you up, Willy,' said he. 'No eavesdroppers, I suppose?'

"McEvoy shook his head. He could not trust himself to speak.

"'Well, then, our little game is played out. This note was waiting for me at home. It is from Moore, and says that he will be down on Monday morning for an examination of the books. It leaves us in a tight place.'

"'Monday!' gasped McEvoy; 'to-day is Friday.'

"'Saturday, my son, and 3 A.M. We have not much time to turn round in.'

"'We are lost!' screamed McEvoy.

"'We soon will be, if you make such an infernal row,' said Jelland harshly. 'Now do what I tell you, Willy, and we'll pull through yet.'

"'I will do anything—anything.'

"'That's better. Where's your whisky? It's a beastly time of the day to have to get your back stiff, but there must be no softness with us, or we are gone. First of all, I think there is something due to our relations, don't you?'

"McEvoy stared.

"'We must stand or fall together, you know. Now I, for one, don't intend to set my foot inside a felon's dock under any circumstances. D'ye see? I'm ready to swear to that. Are you?'

"'What d'you mean?' asked McEvoy, shrinking back.

"'Why, man, we all have to die, and it's only the pressing of a trigger. I swear that I shall never be taken alive. Will you? If you don't, I leave you to your fate.'

"'All right. I'll do whatever you think best.'

"'You swear it?'

"'Yes.'

"'Well, mind, you must be as good as your word. Now we have two clear days to get off in. The yawl Matilda is on sale, and she has all her fixings and plenty of tinned stuff aboard. We'll buy the lot to-morrow morning, and whatever we want, and get away in her. But, first, we'll clear all that is left in the office. There are 5,000 sovereigns in the safe. After dark we'll get them aboard the yawl, and take our chance of reaching California. There's no use hesitating, my son, for we have no ghost of a look-in in any other direction. It's that or nothing.'

"'I'll do what you advise.'

"'All right; and mind

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