As we neared Piccadilly I wondered what he would do. Surely he was not going into the Albany like that? No, he took another omnibus to Sloane Street, I sitting behind him as before. At Sloane Street we changed again, and were presently in the long lean artery of the King's Road. I was now all agog to know our destination, nor was I kept many more minutes in doubt. Raffles got down. I followed. He crossed the road and disappeared up a dark turning. I pressed after him, and was in time to see his coat-tails as he plunged into a still darker flagged alley to the right. He was holding himself up and stepping out like a young man once more; also, in some subtle way, he already looked less disreputable. But I alone was there to see him, the alley was absolutely deserted, and desperately dark. At the further end he opened a door with a latch-key, and it was darker yet within.

Instinctively I drew back and heard him chuckle. We could no longer see each other.

"All right, Bunny! There's no hanky-panky this time. These are studios, my friend, and I'm one of the lawful tenants."

Indeed, in another minute we were in a lofty room with skylight, easels, dressing-cupboard, platform, and every other adjunct save the signs of actual labor. The first thing I saw, as Raffles lit the gas, was its reflection in his silk hat on the pegs beside the rest of his normal garments.

"Looking for the works of art?" continued Raffles, lighting a cigarette and beginning to divest himself of h