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local society; and here he might have lived out the rest of his life in peace but for the unlucky chance that brought the man Pratt into the neighbourhood. With the arrival of Pratt his security was utterly destroyed.

There is something eminently unsatisfactory about a blackmailer. No arrangement with him has any permanent validity. No undertaking that he gives is binding. The thing which he has sold remains in his possession to sell over again. He pockets the price of emancipation, but retains the key of the fetters. In short, the blackmailer is a totally impossible person.

Such were the considerations that had passed through the mind of Rufus Pembury, even while Pratt was making his proposals; and those proposals he had never for an instant entertained. The ex-warder's advice to him to "turn the matter over in his mind" was unnecessary. For his mind was already made up. His decision was arrived at in the very moment when Pratt had disclosed his identity. The conclusion was self-evident. Before Pratt appeared he was living in peace and security. While Pratt remained, his liberty was precarious from moment to moment. If Pratt should disappear, his peace and security would return. Therefore Pratt must be eliminated.

It was a logical consequence.

The profound meditations, therefore, in which