THE FIFTH FACE.............................................................................................................................................1

Maxwell Grant.........................................................................................................................................1

CHAPTER I. THE FIRST FACE............................................................................................................1

CHAPTER II. CRIME TO COME..........................................................................................................5

CHAPTER III. TWISTED BATTLE......................................................................................................9

CHAPTER IV. MURDER WITHOUT PROFIT ...................................................................................13

CHAPTER V. CRIME'S RIDDLES ......................................................................................................17

CHAPTER VI. THE SECOND FACE..................................................................................................21

CHAPTER VII. CROOKS ON THE MOVE........................................................................................25

CHAPTER VIII. CRIME IN REVERSE ...............................................................................................28

CHAPTER IX. VANISHED BATTLERS............................................................................................33

CHAPTER X. THE PUBLIC HERO....................................................................................................38

CHAPTER XI. THE THIRD FACE ......................................................................................................41

CHAPTER XII. THE SUDDEN STROKE...........................................................................................46

CHAPTER XIII. CASH IN ADVANCE ...............................................................................................49

CHAPTER XIV. CROOKS IN THE DARK .........................................................................................52

CHAPTER XV. CRIME ON THE SIDE..............................................................................................55

CHAPTER XVI. THE FOURTH FACE...............................................................................................58

CHAPTER XVII. BEFORE EIGHT ......................................................................................................62

CHAPTER XVIII. THE BANISHED TRAIL .......................................................................................66

CHAPTER XIX. OUT OF THE PAST.................................................................................................70

CHAPTER XX. THE FIFTH FACE.....................................................................................................73

THREE men were gathered in a garish apartment that had an appearance of past glory. Goldbraided curtains

were frayed at the edges; mahogany chairs were scratched and battered. Even the fancy wallpaper looked

As for the men, they had a shabby touch. They were playing cards around a table, and each had a stack of

bills along with his chips. But they were harboring their cash, and the sharp looks that they exchanged

Three bigshots who hadn't made the grade. The term defined the trio to perfection. All were men of evil

ambitions, but with balked careers. They had been in the money once, but never to the extent they wanted.

The man at the left was Grease Rickel. His nickname, Grease, was a shortened term for Greaseball. His

fattish face was oily, ugly, and his slicked hair, black like his eyes, merely added to his unlovely appearance.

In his palmy days, Grease had specialized in the hatcheck racket, gaining "concessions" from restaurants.

Smiling girls had coaxed sizable tips from patrons, and Grease, as owner of the concession, had collected

ninety cents on the dollar. But the racket was all over. Restaurants weren't letting out concessions to Grease

Opposite Grease was Banker Dreeb. He was longfaced, solemn, and looked something like a banker, which,

in a sense, he had been. A few years ago, when certain people wanted money they borrowed it from Banker.

The certain people were crooks who were in trouble, and Banker supplied them bail money, along with

In brief, Banker had operated as a professional "springer" who could get friends out of jail. But the law had

become very suspicious of Banker's money and would no longer take it. The oldline politicians who had

Third in the group, the man who faced the door, was Clip Zelber. He was sharpfaced, shrewd of eye, but

quite as seedy as his two companions. Clip had once been a very crafty fence who disposed of stolen goods,

The three were snarly as they talked. From their very manner, they recognized that their card game was futile.

They wanted better prey than themselves, and when a cautious rap came at the door, the trio came to their

"It's Jake Smarley," chuckled Grease. "You guys know Smarley, the bookie. I told him to come around."

"So you said," nodded Banker. "Smarley is hitting it tough, too. He had to close his horse parlor. He's doing

"Yeah," agreed Clip, in a short tone. "Let Smarley in. It makes me happy to see that old sourpuss. He'll

Grease went to the door and opened it. He was right; the visitor was Smarley. No one could mistake the

decrepit bookie, who was living on the small bets that he collected on a flimsy percentage basis.

Smarley was shambly and stoopshouldered. His face was dryish, gaunt, with deep furrows stretching

downward from his eyes, like waiting channels for the "crying act" that Clip had mentioned.

From a pocket of his shabby overcoat, Smarley produced a newspaper and placed it on the table. His dryish

lips were straight, as his beady eyes looked from man to man. Grease picked up the newspaper and started to

"We'll take a look at the races, Smarley," Grease began, in an indulgent tone. "Maybe we can spare some

"Wait!" Smarley's tone was a cackle. "Take a look at the front page first, Grease. It's got something extra

Flattening the paper, Grease scanned the frontpage headlines. Banker and Dreeb peered over his shoulders,

"Better read about it," crackled Smarley. "Maybe it will give you fellows an idea."

ANYTHING involving a hundred thousand dollars could give ideas to the ugly three. Their faces showed

elation as they read the preliminary details. The hundred thousand was the present property of Arnold

It had to deal with the steamship Anitoga, which, along with its valuable cargo, had run into warzone

troubles. For weeks, the ship had been tied up in a belligerent port, its fate a matter of doubt. Finally, it had

been released, and the owners of the cargo had agreed to pay the crew members a substantial bonus as soon

They had turned the money over to Melbrun; he had put it into cash, which was guarded in his office. The

Anitoga was due this evening, and the money was going to the pier by armored truck.

There, police would be on hand while the crew members received their cash awards. The sum total came to

"Say, Clip," began Grease, turning to Zelber, "if you could round up those rats who used to work for you,

they'd make a slick mob. They could pile onto that ship and take the dough off the sailors "

"With the coppers on the job?" demanded Clip. "Not a chance! Banker, here" he nudged toward Dreeb "is

the guy to handle it. Those smoothies that work for him could grab off the dough while it's going to the

As he finished, Clip gave Banker a sharpeyed glance, which the solemnfaced man returned in a cold

"My bunch couldn't knock off an armored truck," declared Banker. Swinging to Rickel, he continued: "I'm

passing the buck to you, Grease. Send some of your strongarm boys over to Melbrun's office and grab the

Grease appeared to be considering the proposition; then his oilylips formed a smile, as he shook his head.

His smile, however, was not a pleased one. With Grease, a smile usually indicated the opposite of pleasure.

"It would be a giveaway," declared Grease. "It says here that the dough is being watched. Melbrun has some

private dicks on the job. I'll agree that the office is the best place to stage the grab, but we can't get anybody

who will do it. They'd be marked as soon as they stuck their noses in the place."

There was a glum silence, which ended when Grease crumpled the newspaper and flung it on the floor.

"This town has gone to pot!" snarled Grease. "There used to be a chance to get away with anything. Plenty of

Banker and Clip acknowledged the name with scowls; nevertheless, they gave reluctant nods.

"It was The Shadow who swung things the wrong way," continued Grease. "He kept busting into everything,

and that got the coppers on their toes. He's still in it, too, The Shadow is. That's why nobody will take

"Suppose we three did the job ourselves. We couldn't go to Melbrun's office wearing masks, or we wouldn't

get inside. So we go as ourselves, and then what? We get the dough and lam with it, before the bulls can nail

Pausing, Grease stared from Banker to Clip, then snarled the name that both of his pals had in mind:

IN the following silence, the three forgot Jake Smarley. They didn't remember the sadfaced bookie until he

"Three bigshots!" jeered Smarley. "Three big guys, chopped down to midgets! Maybe you'd be useful,

though" his dryish lips took on a grin "if a real bigshot let you work for him. Suppose a real brain came

Puzzlement, then interest, showed on the faces of the three listeners. It was Grease who gruffed:

"Forty percent for the bigshot," proposed Smarley. "You three divide the other sixty. The big guy walks in

and gets the hundred grand, and you three have your outfits outside, to cover his getaway. And this"

No vote was needed. Grease, Banker, Clip, all voiced their instant agreement. They were willing to serve as

lieutenants under such a chief, if Smarley could produce him. When they inquired who the bigshot was,

"Call him Fiveface," suggested the bookie. "Because he's got five faces get it? He gets spotted when he

grabs the mazuma, sure, but even The Shadow won't find him. Because Fiveface will wipe off his map, like

An instant later, the lieutenants were gawking in amazement. They weren't looking at Jake Smarley any

longer. His face had changed; it was shrewd, rather than drab. As the three men squinted, Smarley's hands

His face seemed to enlarge, to become fuller and more genial. Then, as his hands performed another swing,

he turned his head and gave them a brief view of a set profile that wore an expression of disdain.

One more quick change came, as the face turned toward them, but before the three lieutenants could gain

more than a vague impression, a sweep of the swiftmoving hands restored the drab features of Jake

"That's just the general idea," cackled Smarley. "From now on, you'd better call me Fiveface. Because, after

tonight, you won't see Jake Smarley again. I'll need some makeup, and a reasonable amount of time, to

Thoroughly amazed, Banker and Clip finally turned to Grease, expecting him to be their spokesman. With a

"Listen, Fiveface," said Grease. "You mean you'll pull this job as Smarley, get the dough, and come back

The man who looked like Smarley was nodding as Grease spoke. With a half gulp, Grease continued:

"And then you'll pull another job, in the open, and show up different. You'll keep on "

"Until I've done four jobs," inserted Fiveface, in Smarley's wheezy style. "I'll get rid of four faces and show

up with the fifth. That's when we'll make the final settlement. But, meanwhile, you three have got to cover for

me. The kind of jobs I pick" the crackly tone was sharp "will mean some swift getaways. I'll need guns

Grease shoved his hand across the table. The man called Smarley received it with a scrawny grip that suited

the bookie's style. Banker and Clip proffered their hands to seal the bargain. Each was conscious that

Then, with a final chortle, Fiveface stepped to the door. He looked like Smarley, he acted like the bookie,

but the lieutenants accepted him as a master hand of crime, a brain that they were ready to serve. Their new

"Get posted at six," ordered Fiveface, "outside of Melbrun's building. I'll be Smarley when I go in, and

Smarley when I come out. Tell your crews to cover for Smarley; nothing more. Let them think they're

working for Smarley; they can spill that to the coppers, if any of them are ever asked."

The door half opened, Fiveface paused. Still wearing the withery look of Jake Smarley, he added:

"Because it won't matter in the future. After tonight, no one will ever see Jake Smarley again not even The

IT was midafternoon when the incredible Fiveface changed the ambitions of three lesser crooks and made

them glad to be lieutenants, instead of bigshots, on their own. The plan that Fiveface proposed that of

crime at six o'clock was quite in keeping with the situation, and therefore satisfactory to all.

By six, darkness would arrive, offering suitable surroundings for the lieutenants and their followers. But there

was also a chance that other things could happen prior to the hour that Fiveface had set. Crime's new brain

had not fully calculated the effect of the newspaper report that told of cash in the office of the United Import

Shortly before five o'clock, a car pulled up in front of the building where the importing company was located.

Two private detectives, stationed near the building entrance, gave the car a wary eye, until they recognized its

occupant. The man who alighted was Arnold Melbrun, head of the United Import Co.

Melbrun was middleaged, but he had the buoyancy of youth. Tall, broadshouldered and erect, he displayed

the true manner of a business executive. His face was broad and strongchinned, marking him as a man of

action. But his gray eyes, quick and restless, were those of a deep thinker and matched the tapering shape of

From the people thronging from the building, Melbrun promptly picked out the private detectives and drew

them to one side. From beneath his arm, he brought a newspaper, showed them the headlines. The detectives

"I don't like it," declared Melbrun, in a crisp tone. "The newspapers were not to know about this matter until

the Anitoga docked. I'm going up to the office, to learn who let the news out. Meanwhile, I expect the utmost

The detectives assured Melbrun that they would be on their toes. Entering the building, Melbrun waited while

an elevator disgorged a load of workers who were going home. Riding up, he reached his own suite of

offices, to find another pair of detectives on guard. He showed them the newspaper account, and repeated the

The employees of the United Import Co. were still at their desks. They often worked late, and Melbrun had

insisted that they stay on the job this evening, without telling them why. As he glanced from desk to desk, the

Near an office marked "Private" was a single desk, with a sallow man behind it. The fellow was Melbrun's

Without a word Melbrun opened the door of the private office and beckoned for Kelson to follow. When

Kelson entered, Melbrun spread the newspaper and ordered the secretary to read it.

"I'm sorry, Mr. Melbrun," pleaded Kelson, in a weak tone. "The newspapers called up this afternoon and

"But they knew about it," insisted Kelson. "They mentioned the armored truck that was coming here, and the

Melbrun stroked his chin, reflectively. Anger faded from his eyes; still, his tone was brusque.

"I can't hold you to blame," he told Kelson. "Still, I wish that you had used better sense. It isn't wise to let a

Turning to a large safe behind his massive desk, Melbrun turned the combination. Kelson watched, his face

quite worried, while the importer opened a metal box that contained stacks of currency.

Melbrun was thumbing through the cash, nodding because he found it quite intact, when he noticed Kelson

"Don't stand there stupidly!" snapped Melbrun. "Go to the outside office, Kelson, and tell the rest of the

employees about the money. Show them the newspaper, and admit that it was partly your mistake. Explain

that I kept the matter secret so they would not worry. But since all New York knows that I have the money

BY the time Kelson had given the news to the interested office force, Melbrun appeared. He was carrying a

suitcase that he always took on business trips. He laid it aside, while he assembled the employees and took up

"The truck will be here at eight," announced Melbrun. "It will take the money directly to the pier, because the

Anitoga will be docked by then. I shall be at the pier, and afterward, I intend to leave on a business trip to

"Meanwhile, I am depending upon all of you to be watchful. I have placed detectives on duty, and the job is

really theirs; but, since you know the facts, I expect your cooperation. Remember to keep at your work, as

"But watch them! If you have any suspicions of anyone, report promptly to Kelson. This newspaper story

means that we must adopt additional precautions. I shall tell the detectives that they can depend on all of you,

Before leaving, Melbrun called police headquarters and talked to an inspector named Joe Cardona. From

Melbrun's conversation, the office workers learned that Inspector Cardona was the official in charge of

However, Cardona had seen the newspaper account and agreed with Melbrun that there might be an earlier

Over the phone, they concluded new arrangements, which were satisfactory to Melbrun. His call finished, the

exporter sat at Kelson's desk, stroking his firm jaw and nodding in a musing fashion. Finally, Melbrun arose

"Inspector Cardona is detailing two men to watch the building," he explained. "That will give us added

protection outside, as well as in here. Later, the inspector will arrive in person, and he has promised to have a

"I am depending upon you, Kelson." Melbrun turned to the sallow secretary. "You have the combination to

my safe. But do not open it until Inspector Cardona gives the word. Turn over the cash box to him, for

As he concluded, Melbrun dangled a ring of keys, and Kelson nodded at sight of one he recognized. It was

the key to the cash box in the safe, a special key that had no duplicate. The contents of the cash box would

Methodical to the last degree, Arnold Melbrun contacted the private detectives as he left the office, and told

them of the amplified arrangements. As he entered his waiting car, Melbrun glanced at his watch and noted

His suitcase on the seat beside him, he glanced back at the office building as he rode away. Despite his new

The day was cloudy. Early dusk was already gathering about the building, where only a few lights remained,

those of the exporting offices. Though the building was not large, it had taken on a vast appearance against

the darkening sky, and other buildings looked like crouching creatures, ready to devour it.

Melbrun could picture certain loopholes in his plans, and he wondered just how well he had provided against

them. Nevertheless, his final expression was a smile, which he delivered as his car neared a hotel not far from

The custody of one hundred thousand dollars was no longer weighing heavily on Arnold Melbrun, as he

If crime should come, Melbrun was quite sure that crooks would be disappointed as a result of his

In fact, there seemed but little reason why anyone should be worried about crime in Manhattan. It had been

spiked very effectively during recent months, and New York City, criminally speaking, was much like a

THE answer, at that moment, was riding in a large limousine that was coming across the New Jersey Skyway,

His name was Lamont Cranston and he was a gentleman of leisurely manner, who seemed quite at home in

Cranston's face was hawkish, and had a masklike appearance. When he was alone, and therefore unobserved,

Cranston's eyes often took on a burning glint; their gaze became a piercing sort that seemed capable of

Had certain persons seen him at such moments, they would have realized that this person who posed as

His was the hand that banished crime. The Shadow was the reason why the law prevailed. He had weighed

the balance in justice's favor, and was keeping it there. This present trip, at dusk, was another evidence of his

The Shadow had learned of the cash that was in Melbrun's custody. He recognized its importance. Not only

was it the very sort of loot that crooks would most prefer; the theft of that cash would mean something more.

It would mark crime's comeback. A criminal thrust, involving sure, quick profit, would embolden hordes of

Long had human rats been waiting, hoping for the call of some Pied Piper who would lead them anew along a

route of crime. They would be willing, ready, to follow such a leader blindly, once he proved himself a

To start a new reign of crime, a supercrook would first have to score a success despite The Shadow.

Melbrun's money would prove a great inducement for anyone who sought to be an overlord of crime.

Leaning forward a bit, Cranston thumbed a dial. A voice came across the air, tuned in by shortwave radio. It

was the quiet tone of Burbank, The Shadow's contact man, giving reports from various of The Shadow's

secret agents. They had checked the news account in the afternoon paper and had not determined the source

There were many channels through which it could have come. It might have drifted from some shipping

office, or been given out by someone with the steamship company. The banks which supplied the cash knew

Any one of several dozen persons could have been responsible, but that did not explain why the facts had

been released in the first place. Behind that point, The Shadow could see intended crime as a motive.

More reports came by short wave. Agents had checked on Melbrun's building. The exporter's office was on

the sixth floor. Next door was a building that had a roof on the same level, and also offered a view of a fire

tower that showed a rear exit from Melbrun's building. The adjacent roof was the very sort of post that The

The limousine was entering the Holland Tunnel. Turning off the radio, Cranston leaned forward and noted

Reaching lazily for the speaking tube, he instructed the chauffeur to take him to an address near Melbrun's

building. The clock said quarter of six; ten minutes would bring the big car to its destination.

Cranston's leisurely pose ended as the car sped from the tunnel. His hands slid open a drawer beneath the rear

seat, whipped out a black cloak, which he whisked across his shoulders. Opening a flattened slouch hat,

Cranston clamped it on his head. Drawing thin black gloves over his hands, this man of sudden action

A whispered laugh stirred the darkened interior of the car. Darkness had settled over the city, too, and it

furnished the very element that this blackcloaked master wanted. Should crime be scheduled for this

AS The Shadow's car was nearing the vicinity of Melbrun's building, a shambling figure sidled in from the

darkness and paused before the lighted entrance. He was promptly recognized by men already on the ground:

the private detectives stationed by Melbrun. The arrival was Jake Smarley, the bookie.

One of the dicks acted as if he owned the building. Accosting Smarley, he asked him what he wanted. The

stooped bookie whined that he was going up to Melbrun's office to see Mr. Kelson. He argued that Kelson

From across the street, two plainclothes men shifted into sight. They recognized Smarley, too, and gave the

private dicks a nod. Smarley, the bookie, wasn't the type who could start trouble. It was better to pass him

Upstairs, Smarley encountered another pair of watchers, who gruffly demanded what he wanted. When they

learned that he was going to the offices of the United Import Co., they pointed out the door to him. As soon

as Smarley entered, the dicks moved to the door, opened it a trifle and looked in on what followed.

The employees recognized Smarley and exchanged grins, with the exception of Kelson. The secretary was

seated at his desk, wiping a pair of spectacles. He squinted as he saw Smarley; putting on his glasses, he

recognized the bookie. A squeamish expression promptly decorated Kelson's sallow face.

"Hello, Kelson," wheezed Smarley, in an almost fatherly fashion. "All through your work? We can have a

"Not today, Smarley," pleaded Kelson. "I've got a lot of things to do for Mr. Melbrun."

Smarley gave a sharp look toward the door of Melbrun's office, then inquired in a low voice:

Kelson nodded. He figured that it would support his argument. On previous visits, Smarley had always called

up first, to make sure that Melbrun wasn't in. Since his business with Kelson was a personal matter, involving

unpaid racing bets, he had not wanted Melbrun to know about it. But on this occasion Smarley went against

With an ugly, dryish grin, Smarley arose from the desk and turned toward Melbrun's door, saying, loud

"This has gone far enough, Kelson. You haven't paid me what you owe me, so I'm going to take it up with

By then, Smarley had opened the private door. He peered into Melbrun's office, saw that it was empty. His

"So you lied to me," whined Smarley. "Tried to trick a poor old man who trusted you. Look at me" he

tugged his pockets, turning them inside out; then extended his hands, palms upward, letting them tremble

"I'll pay it, Smarley," inserted Kelson, anxiously. "I'll let you have some cash, right now. Here!"

He pulled two tendollar bills from his pocket. Smarley eyed the cash as though he wanted to cry, much to

the amusement of the other men in the office, who enjoyed Kelson's plight. In the hallway, the detectives

It was really funny, to learn that Kelson had played the races and lost to a bookie like Smarley. Kelson was

the sort who tried to act like a human machine, as though he didn't have a single fault or weakness. Having

found out what Smarley's business was, the private dicks were quite willing to let him thrash it out with

As for the office force, they were quite delighted. They disliked Kelson, and were finding out, to their great

glee, why Smarley had come to the office other times when Melbrun was out, to hold conferences with the

"It won't do, Kelson," whined Smarley. "I want the full amount, two hundred and fifty dollars."

"Then you can give me a note for it," inserted the bookie, loudly. "A promissory note, for thirty days. You

Kelson shook his head; then, deciding that a signed note would certainly end the frequency of Smarley's

"I'll sign the note," he decided. "Wait here, Smarley, while I get a blank from Mr. Melbrun's desk."

PUSHING past Smarley, Kelson entered the private office. Solemnly, Smarley eyed the other office workers,

and received their approving grins. Reverting to his suspicious attitude, the bookie looked into Melbrun's

It was done neatly, so naturally that the men in the outer office did not link Smarley's action to anything more

Nor did Kelson guess Smarley's purpose. At Melbrun's desk, Kelson was writing out a promissory note; he

There was a strong door in the rear corner of Melbrun's office; a barrier that was heavily bolted. Smoothly,

Smarley pulled back the bolts. Despite his care, the last one grated, bringing Kelson around. Anxiously,

Whipping from his crouch, Smarley sprang for Kelson with a speed that left the sallow secretary breathless.

As he came, the bookie pulled a revolver from his hip. Reaching the desk, he planted the gun muzzle squarely

"Get busy on that safe!" hissed Smarley. "Open it up! Hand me over the Anitoga cash!"

"But I don't know the combination!" he panted. "Honest, Smarley, I don't. Mr. Melbrun was coming back."

Quivering, Kelson approached the safe. He fumbled at the dial, as though trying to get the combination by

"Start over." The bookie's tone was low and harsh. "No fake stuff, Kelson. I want results in a hurry!"

Light from a floor lamp showed the tenseness of both faces. Kelson's sallow features were twitching;

Smarley's visage was hard. It looked like a devil's mask, that first face belonging to the man who boasted that

The tense pair were between the floor lamp and the rear window of the private office. The window shade was

drawn; Melbrun had lowered it earlier, when he turned on the office lights. But the shade, thanks to the

The Shadow had arrived upon the adjacent roof. He was viewing a drama silhouetted against the yellow

shade. Enlarged, the shadows of Smarley and Kelson looked grotesque, but their actions were portrayed in

Kelson's moving hands told what they were doing. At moments, The Shadow could see the shading from the

safe dial, a lump of black against a smooth, upright block. Smarley's hand was plain, too, and as it shifted, the

A move at this moment would be fatal for Kelson. Awaiting the proper time, The Shadow gauged the

distance from his roof to Melbrun's window. It wasn't far; a spring would carry The Shadow to the window

ledge, which was fairly broad and below the level of the roof where The Shadow crouched.

The problem was to remain on the ledge, and The Shadow had a simple plan. Drawing an automatic, he

reversed it, clutching the barrel and raising the handle of the gun as though it were the head of a hammer.

As The Shadow watched, a big shape of enlarging blackness blotted out the silhouettes of Smarley and

With a lunge, The Shadow left the roof. He swished through the darkness, at a downward angle toward the

window ledge. His arm was swinging as he came; his gun struck glass an instant before his feet landed on the

That sledging blow shattered the glass in the upper window sash; the descending gun caught the woodwork

like a grappling hook. The Shadow's cloaked form gave a backward sway, that would have pitched an

But this strange venturer did not fall. He still gripped the gun barrel, and its handle served him as a brace,

The Shadow's recoil served merely to give him impetus for another lunge. His free hand whipping his cloak

across his face, he drove in shoulder first. His new momentum carried him right through the window.

Amid a terrific crash of woodwork and a clatter of glass, the shade rattled upward. Continuing his lunge, The

Shadow struck the floor and made a rapid roll for the shelter of Melbrun's big desk.

THINGS were happening as The Shadow wanted. In opening the safe door, Kelson had gained its partial

shelter. Smarley's gun was no longer pressing the secretary's back, because the bookie was grabbing the metal

cash box. Matters were just right for Kelson to make a break, if he had nerve to try it.

By his sudden entry, his dive in the opposite direction, The Shadow added to the opportunity. Smarley saw

the blackclad shape come crashing through the window and recognized The Shadow, even before he heard

Forgetting Kelson, Smarley began to shoot, wildly, as he shifted for the rear door that he had opened.

Another gun gave immediate answer. The Shadow was juggling his automatic as he rolled, catching it deftly

with the muzzle frontward, his finger on the trigger. He stabbed a shot above the level of the desk; one that

came surprisingly close to clipping Smarley, considering the guesswork behind The Shadow's aim.

The Shadow wasn't counting on that first jab to stop the mobster. He simply wanted to get into rapid action,

Unfortunately, the secretary grew surprisingly bold, when he saw the spurt from The Shadow's guns and its

result on Smarley. The bookie went frantic, as he snatched at the knob of the rear door. His gun in one hand,

Leaving the safe, Kelson drove across the path of The Shadow's fire, to grapple with Smarley.

As the two locked, The Shadow vaulted the desk, to drive into the fray. Kelson had Smarley's gun wrist; the

crook made a downward swing. Poking his own gun in between, The Shadow stopped the forceful blow; but

Madly depending upon luck instead of common sense, Smarley shouldered Kelson toward The Shadow and

made for the front door of the office, instead of the rear exit. His reversal of direction gave him a temporary

Half groggy, Kelson grappled with the first person at hand, who happened to be The Shadow.

There were shouts from the outer office that seemed to blend with The Shadow's mocking laughter. Smarley

was heading straight for a trap. Men had heard the fray and were coming in to learn the trouble. Dragging

Kelson with him, The Shadow made for Smarley as the bookie fumbled with the doorknob.

It was then that Smarley made his smartest move, his one clever stroke amid the twisted battle. Almost under

the muzzle of The Shadow's looming gun, the bookie yanked the door open and sprang away from it, still

clutching his revolver with one hand and catching the slipping cash box with the other.

With a mere shift, The Shadow had the thug covered, but his own move came too late. Smarley's tug at the

door had released a flood of office workers, followed by a pair of detectives. They saw only Kelson and The

As The Shadow whirled Kelson away with one hand and aimed for Smarley with the other, he was flattened

by a human avalanche of misguided attackers who mistook him for a foe intent on crime!

FROM the moment that they sprawled The Shadow beneath them, eight attackers found that they had taken

on an unruly bargain. They were unarmed, for even the detectives had shoved away their own guns at sight of

The Shadow did not drop his gun, nor did he put it away; he needed it for Smarley, later. Nevertheless, he

Doubling his knees, The Shadow drove his legs between a pair of plunging men and found two others. His

With a sideward roll, The Shadow took care of the two who were already upon him. Grabbing one, he flung

the fellow against the other, so suddenly and vehemently that both were sprawled.

Out of the human tangle, The Shadow extricated himself, like a living knife slashing its way to freedom. He

had not reached his feet yet, but it did not matter. He was able to deal with his quarry: Jake Smarley.

Profiting by the brawl at the doorway, the bookie cut across the room, past Melbrun's desk, timing his flight

well. The crook had escaped the notice of the new invaders; Kelson saw him, but the secretary's shouts went

Smarley was counting on a clean getaway, through the rear door that he had previously unlocked. But The

This time, Kelson wasn't in the path of the blackcloaked marksman's aim. Nor did others interfere with The

Shadow's thrust. The private detectives saw him, but the point of his automatic indicated Smarley. Seeing the

metal money box beneath the bookie's arm, the dicks realized that they had grabbed the wrong invader.

They had heard of The Shadow, master avenger who battled crime. They expected him to drop Smarley with

a single blast. He would have accomplished the worthwhile deed, if the dicks hadn't yelled encouragement.

Hearing the shout, Smarley wheeled about just short of the rear exit. The Shadow's gun blasted just as the

bookie turned. With the spurt of the .45, Smarley staggered backward. His stumble was accompanied by a

Luck was still with Smarley. His twist had put the metal cash box between his body and The Shadow's gun.

Already a trophy of crime, the box served Smarley as a shield that stopped the bullet inches short of his heart.

Smarley's stagger carried him part way through the door. Instead of pursuing him, The Shadow took a long,

upward spring toward the center of the room, ending with a vault across the desk. He was choosing the open

The Shadow wasn't thinking of his own protection. His gun was enough defense against Smarley's fire. He

was considering the men behind him, those invaders from the outer office. Wild shots from Smarley's

revolver might clip them. The only course was to draw the crook's fire to another quarter.

Smarley fell for the game. He was wasting bullets, when The Shadow cleared the desk. His last shots pinged

the safe door after The Shadow was beyond it. Smarley was yanking at a useless trigger, when he heard The

Shadow's laugh, sinister and sibilant, a promise of coming doom. Frantically, Smarley turned and ran.

One shot was all The Shadow needed; he took deliberate aim, hoping to bring Smarley down. As yet, he did

not regard Smarley as a master crook, but simply as a fugitive who had accomplished a crude, though

Straight through the doorway lay the fire tower, a dim background against Smarley's approaching figure. The

mobster's back made a perfect target; as he ran, he was clutching the box in front of him, and therefore no

It seemed that Smarley's new career of crime was due for a sudden finish, considering The Shadow's skill as a

TWO thuggish figures leaped forward as Smarley neared them. Passing the running crook, they converged,

opening fire as they came. They had spotted The Shadow's head and shoulders, rising above the top of the

Their target was gone before they fired. Dropping instantly to the floor, The Shadow was out of sight as

bullets whined above the huge safe door, which was ample enough for shelter. The gunners aimed lower, but

their slugs merely pommeled the metal barrier. Again, they heard The Shadow's taunting laugh.

Then, almost from the floor, a gun fired upward. By a dipping twist, The Shadow had poked from cover

below the level of the opposing fire. He was putting in quick jabs, with double purpose. Not only were the

gunning thugs blocking his path to Smarley; their presence had become dangerous.

The two private detectives were hustling across the room, guns in hand, making for the rear exit. They

thought that they could handle the opponents who had failed to nick The Shadow. But the dicks didn't stand a

chance against such opposition; they were blundering right into serious trouble. The Shadow had to take a

Trained in all varieties of trick marksmanship, The Shadow's quick hand performed in a superhuman style.

There were yells from the hallway, as crooks sprawled. Beyond the floundering thugs, The Shadow saw

Smarley on the top step of the fire tower. The stoopy crook was turned about, a smirk on his face, watching to

When he saw his own gunners sprawl, Smarley did not wait for a further climax. He took an agile dive down

Smarley was quick enough to escape the shots that The Shadow delivered a few moments later. Immediately,

the cloaked marksman halted fire. The private dicks were at the rear door and were dashing through, in

With them went another man, who scooped up a revolver that a wounded crook had dropped. The third man

The Shadow followed. He trailed the chase to the street, stopping briefly at floors along the way. The Shadow

foresaw a difficulty that the others did not anticipate: the prospect of other marksmen, down below. At one

floor, through a window, he saw huddling men edging forward from a parked car across the way. The

Still lower, The Shadow spied a rakish automobile wheeling in from a corner. He jabbed shots that caused the

driver to whip the car across the sidewalk, so that occupants could leap out the other side and take to shelter.

Then, as The Shadow neared the ground, he heard a volley of shots, accompanied by the whining sirens of

Inspector Cardona was on the job. From out front, he had heard the sounds of battle high up in the building.

He and his men knew what it meant and had smartly made for the rear of the building. More police were

coming up to aid them, in what promised to be a major battle against hordes of crimeland.

Smarley had reached the street and was jumping into a waiting car. He was yelling something about The

Shadow, and thugs in other cars could hear his shouts. Among those listeners were Smarley's three

lieutenants: Grease, Banker, and Clip. In their turn, they were bawling orders to the various thugs and snipers

Things weren't panning out as Fiveface had promised. This wasn't a mere coverup job. It was the type of

fray that might disclose the identities of the lieutenants, along with that of Smarley.

Naturally, Fiveface did not worry over his dilemma, for he intended to drop the guise of Smarley, anyway.

They hit upon a compromise. While yelling for men to cover Smarley, they put their own cars in motion.

Opening fire upon police cars, they made it look as though they were trying to clear a path for others to

Of course, they wanted Smarley to get clear, too, and he had a chance to make his getaway at the expense of

But Smarley hesitated. Thrusting his face from the window of his car, he waved his empty gun, pointing it

toward the ground floor of the fire tower. At Smarley's yell, shooting thugs quit aiming at police cars.

THE "guy with the specs" was Kelson, who had reached the street along with the private dicks. Smarley's

shout was followed by a quickhissed order that came from the steps of the fire tower. The dicks heard it

The Shadow's command and grabbed Kelson, to haul him back to safety. But the maddened secretary

Spinning about, he slashed his gun at his friends; as the dicks ducked, he lurched from their grasp. Taking the

last half dozen steps in a long leap, The Shadow made a grab for Kelson but lost him, as a stumbling

What happened in the next half second was something that even The Shadow could not prevent.

Springing wildly for Smarley's car, Kelson was met by a concerted fusillade from halfa dozen directions.

Flayed by bullets, the sallow man jolted; twisting, he stumbled across the curb and sprawled in the gutter, to

Smarley's car was in motion; the master crook had dropped below the window. Maybe others still thought of

him as Smarley, the fugitive, but The Shadow had him classed as a criminal of a fiendish caliber. Though

others had fired the shots that killed Kelson, the real murderer was Smarley. He was the man that The

Springing from the fire tower, The Shadow reached the moving car. He was on its running board before the

outspread snipers spied him. At sight of their archfoe, thugs wheeled to aim. The Shadow gave them no

attention; he knew that, by this time, the stings were gone from that crew of murderers.

The Shadow was right. Other guns were talking as he boarded Smarley's car. The police had spotted the

killers who put the blast on Kelson. Aiming thugs were hitting the asphalt and the sidewalks before they

Cardona and his amplified squad were performing double service: avenging Kelson's death and giving The

Yanking open the car door, The Shadow lunged for Smarley. In the front seat, a cowering mobster clung to

Smarley, in his turn, yanked open the door on the other side. When he saw The Shadow's big gun loom for

The Shadow's bullet plunked the dented box and dropped it to the floor of the car. Leaping for Smarley, who

was diving to the street, The Shadow hooked the box with his foot and brought it along. It clattered the curb

and lay there. Ignoring Smarley's lost trophy, The Shadow continued his pursuit.

Smarley was just past the corner when The Shadow fired. This time, a slug nicked chunks of brick from a

building edge. Again, Smarley had managed to keep a mere jump ahead of The Shadow, and the crook's luck

Reaching the corner, The Shadow was greeted with shots from across the street; he dropped back to cover

Those shots came from two cars: Grease commanded one, and Banker the other. There was a third car, even

closer, with Clip in charge. As Smarley reached that car, all three vehicles sped away. They had doubled their

tracks, escaping the police cars, and were off again before The Shadow could halt them.

A few unwise snipers were still about, which was why The Shadow could not follow. Arriving police spied

the crooks shooting at an imaginary target. Somehow, somewhere, The Shadow had whisked to cover like a

There were shots from somewhere in the darkness; yells, as uglyfaced gunners came tumbling into sight

Then a strange, mocking laugh a promise of vengeance upon other men of crime, who had escaped along

with Smarley. Listening police heard the trail of The Shadow's eerie taunt; it seemed to blend with the distant

INSPECTOR CARDONA reached the corner. He was a stocky, swarthy man, his expression a poker face. He

listened while the private detectives told him about Smarley's raid, The Shadow's intervention, and Kelson's

By then, an officer was approaching with the muchbattered cash box. The private detectives promptly

"The money is safe, anyway," decided Cardona. "It doesn't make up for losing Kelson; he was a game guy.

Eyeing the lid of the cash box, Cardona saw that it was loose on its hinges. As a mere matter of routine, to

certify before witnesses that the money had been saved for Melbrun, Cardona inserted a revolver muzzle

Then Cardona's pokerfaced expression was gone. He was staring with eyes as wide in amazement as those

of the men about him. If ever Cardona had seen proof that crime did not pay, this was it. Crime couldn't have

Instead of crisp green currency, the box was stuffed with blank checks and old receipts. Tilting the box,

Except for the valueless contents, the box was entirely empty. Robbery had been forestalled even before it

was perpetrated, producing a mystery that the ace police inspector could not fathom!

From somewhere perhaps in his own fancy Cardona thought that he heard the whispered laugh of The

THE exclusive Cobalt Club, to which Lamont Cranston belonged, was noted as a gathering place for

Sometimes the fancy lineup was jarred by the presence of a big official car which belonged to Police

Commissioner Ralph Weston, who was also a member. However, the commissioner's car was tolerated. It

This evening, when Cranston arrived at the club, the commissioner's car was present. However, the doorman

had a pained look on his face and was glowering at the commissioner's car. The Shadow understood the

Parked on the other side, between two limousines, was an armored truck that had evidently come here at the

In Cranston's strolling style, The Shadow entered the club. He knew that he would learn the reason for the

Not only did Weston esteem Cranston's acquaintance, the commissioner was constantly trying to interest his

Such matters seldom intrigued Cranston, which was why Weston pressed them all the more. By playing the

indifferent role of Cranston, The Shadow therewith received much information concerning police

Commissioner Weston, long impressed by The Shadow's uncanny knowledge, would have been amazed to

Though he had not expected to see the armored truck, The Shadow had struck upon a simple explanation for

its presence by the time he reached the grillroom, where the commissioner held important conferences.

Commissioner Weston was at his usual table. Seated opposite him was a dignified gentleman, whose keen,

broad face and strong chin marked him as a man of action. Though he had never met the visitor, The Shadow

As The Shadow joined the pair at the table, Weston hastened to introduce Melbrun to his friend Cranston.

Melbrun gave a smile as he shook hands, but his face immediately saddened. His hand, too, lacked the strong

Melbrun's sorrowful expression was explainable. He had just heard the details of Kelson's death and was

"Poor Kelson!" he said sadly. "If I could only have foreseen the fate to which his loyalty would bring him "

"You are not to blame," interrupted Weston. "You did the best thing under the circumstances, Melbrun.

Thanks to your foresight, Smarley not only showed his hand but was doomed to failure. If others had only

Melbrun's voice was choky. It took an effort for him to recover his composure. Meanwhile, Weston was

He told of the crewmoney story that had appeared in the afternoon newspapers; how it had induced a crook

named Jake Smarley to raid Melbrun's office, with gunners waiting to aid his getaway.

"Yet the box which Smarley took was worthless, Cranston. When Inspector Cardona recovered it, he found

"Because Mr. Melbrun had previously removed it," interposed The Shadow, in a casual tone. "Fearing that

criminals might make a thrust, he wisely took the funds with him when he left the office."

The commissioner stared, astonished. Such knowledge on the part of Cranston amazed him. Slowly, Weston

"I saw an armored truck outside the club," returned The Shadow, "and I find Mr. Melbrun inside. As for that

suitcase" he gestured, as he lighted a cigarette "it isn't yours, commissioner. It happens to have Mr.

THE suitcase was standing beside Weston's chair. With a cross between a grimace and a smile, the

commissioner lifted it to the table. Opening the bag, he showed stacks of money, all in neat bundles.

"Your guess was right, Cranston," conceded Weston, in a depreciating tone. "Melbrun took the cash before

the robbery and checked his bag at a hotel. When he called my office, asking for an escort to take him to the

"If I had only called sooner," groaned Melbrun. "But I dined first. I knew there might be trouble at the office,

"You left enough men to handle matters," insisted Weston, "and the dummy cash box was excellent bait. It

made Smarley show his hand, and your whole office staff, as well as the private detectives, made an earnest

Weston's argument did not help Melbrun. He felt that his strategy had been a mistake; that it was the direct

cause of Kelson's death. Naturally, Kelson's ardent pursuit of Smarley was based upon his lack of facts; but

had the secretary used good judgment, he would still be alive. So Weston argued, and Melbrun finally began

"Take the money to the pier," ordered the commissioner, pushing the suitcase to Melbrun. "You will be quite

safe in the armored truck, and the pier is thoroughly guarded. Proceed with the distribution of the bonus

money to the crew of the Anitoga, and stop worrying about Kelson. The chap is dead, Melbrun, and it can't be

Soon after Melbrun's departure, Inspector Cardona arrived. Cardona had been quizzing wounded crooks, and

doing a rapid job of it. Riddled with police bullets, in addition to the slugs that The Shadow delivered, the

"All they could say was 'Smarley'," growled Cardona. "It was Smarley who hired them; Smarley, who was

"They could have told me how Smarley got hold of them," snapped Cardona. "They never worked for him

"Sorry, commissioner. I was referring to Smarley. We know what he was a bookie, running a smalltime

horse parlor. All of a sudden, he sprouts out like a bigshot. Where did he get all of those mobbies?"

The commissioner had an answer. Crime had been quiet over a long period. It would have been easy for Jake

Smarley, or anyone else, to enlist a thuggish horde. The fact that the gunners were of varied types, merely

supported Weston's theory. Apparently, Smarley had approached any who were on the loose.

"They were men who placed bets through Smarley," analyzed Weston. "That is how he learned about them,

inspector. If he paid them in advance, which is probable, he naturally would not have told them where he

"Your job is to find Smarley. Use every means to do so. Treat him as a public enemy, a lone wolf bent on

murder. But from all descriptions of the fellow" the commissioner's tone became contemptuous "he is an

amateur at crime. You will probably find him cowering in some hideaway that your stool pigeons will

WESTON and his ace inspector were still discussing matters, and getting closer in accord, when The Shadow

left the Cobalt Club. He was Cranston when he stepped into his limousine; but after a ride of a few blocks, he

The Shadow had not forgotten the armored truck, with its hundredthousanddollar load. Though the police

commissioner had taken full precautions to insure its arrival at the pier, The Shadow did not regard the

In The Shadow's opinion, Jake Smarley was more than a smallfry criminal who had attempted a robbery

Smarley's quickwitted work in Melbrun's office, his coolness under fire, and his disposal of Kelson showed

how dangerous the man could be. His getaway, accompanied by at least a dozen followers, proved Smarley a

In short, The Shadow, while in the thick of battle, had recognized something that had entirely escaped the

The Shadow knew that lesser crooks had been left to take the brunt; that the cream of Smarley's forces had

gone with him. He sensed, too, that the repeated name of "Smarley!" that dying hoodlums had squawked in

parrot fashion could be a coverup for certain lieutenants who had provided Smarley with his mob.

As the core of a compact criminal organization, Smarley could attempt new crime despite the law. He still

had plenty of shock troops at command, and The Shadow could conceive of Smarley ordering another, and

Near the North River, The Shadow left the limousine. He became a gliding, fleeing shape that followed an

untraceable course to a darkened pier, where a skeleton force of guards kept watch over a huge liner that had

Slipping through the thin cordon of guards, The Shadow boarded the great ship. Reaching the liner's

There, The Shadow saw the steamship Anitoga, dwarfed beside the great vessel which he used as his

observation post. The decks of the Anitoga were brilliant with light. More than a hundred men were clustered

Among one tiny batch, The Shadow spied Melbrun, together with the shippers who had provided the bonus

money for the crew of the Anitoga. Sailors were stepping forward, one by one, while Melbrun, as spokesman

While the hundred thousand dollars was being pieced out to the men who deserved it, The Shadow's eyes

Police were on hand, a score of them, ready for any emergency. The pier, however, provided a long stretch to

patrol. Should crooks choose some salient point and make a concerted attack, they would have a chance of

Thus The Shadow held real command of the situation, from his shrouded lookout post. His laugh, and a few

welldirected shots, could frustrate any invasion and bring the police to the vital spot before crooks might

The moment did not come. Nothing disturbed the scene upon the pier. The money was distributed; some crew

members went to their quarters, while others came ashore, where police escorted them away from the

Arnold Melbrun and the shipping men drove away in their cars. Lights were extinguished on board the

Guards about the interned liner were puzzled by a whispery laugh that came from the ship's bridge, like a

ghostly echo. They made a search, but found no one. By then, The Shadow was gone. His parting laugh had a

It was a tone of prophecy. The Shadow foresaw that crime would strike again. Melbrun's cash was a thing of

the past, so far as crooks were concerned. Their next effort would involve larger game. Meanwhile, it would

be The Shadow's business to locate the missing man who managed crime, Jake Smarley.

The law had chosen the same quest, and regarded it a simple one. The Shadow felt that it might prove more

complex than the police supposed, for he credited Smarley with foresight in choosing a suitable hideaway.

As yet, The Shadow had not struck upon the crux of the whole case. He did not know that in searching for

THREE glum men sat in their customary meeting place, glowering at one another. They were the lieutenants

who had taken orders from the mysterious crook who called himself Fiveface, and they were beginning to

regret their new alliance. Their apartment looked shabbier than ever; they had less money in their card game.

It was Grease Rickel who broke the monotony, by slapping a fistful of cards upon the table. Rising with a

"Jake Smarley!" sneered Grease. "A flash in the pan! A guy who couldn't deliver. We were boobs to join up

Banker Dreeb did not fully agree. His solemn face was thoughtful. At last, he spoke dryly:

"Why blame Smarley? He worked the game as well as he could. It just happened that Melbrun outfoxed

"Yeah?" Clip Zelber put the sharp query. "Smarley didn't know the cash box was a dummy, did he?"

"Then what did he drop it for?" snapped Clip. "I'll tell you why. Because he was yellow! He met up with The

Shadow, and he couldn't stand the gaff. Smarley, the bigshot! We were lugs to waste a bunch of good trigger

Outvoted two to one, Banker became silent. Both Grease and Clip continued to gripe. Three days had passed

since the raid at Melbrun's. The whole thing had been a fluke. The only luck lay in the fact that their own

parts in the crime lay undiscovered. At least, they had managed to cover their tracks, but that was small

They needed cash, and said so. The argument was one that Banker could not dispute. Plucking a newspaper

from a table, Grease shoved it under Banker's nose and pointed out two photographs on the front page.

"There's the guy that claimed he had brains," sneered Grease, pointing to Smarley's picture. "Look at that

driedup map of his. Five grand reward for Jake Smarley. Say if he comes crawling in here, the best thing

"When it comes to brains, here's the fellow that really has them." Grease tapped the other picture. "Arnold

Melbrun, who is putting up the reward. You know why he's offering it because Smarley was dumb enough

Banker was seated at the table, shuffling the pack of cards. He invited Grease and Clip to join him, but they

saw no reason for the game. As Clip put it, they were tired of passing money around the triangle and

"We'll get some new money into the game," he said dryly. "I just heard that Flush Tygert is back in town."

Mention of the name brought eager looks from Grease and Clip. They remembered their last game with

Flush, a few months before. It had proven profitable to everyone except Flush Tygert.

"A funny gazebo, Flush," chuckled Banker. "Card hustling is his racket. He used to trim the chumps every

time he took a boat trip. But he never could make dough playing poker straight. It kind of annoyed him."

"I remember," nodded Grease. "He said he liked to join a game with guys like us, just to see how it felt being

on the losing end. There's one thing I never could figure out. If Flush was so smart, why couldn't he trim us?"

"Because he didn't have a shill," explained Clip. "He always signed up a stooge when he rode the packets to

Europe. I guess you weren't here, Grease, the day he showed us the flush trick. That's the one that gave Flush

"I heard it different," he said. "I thought they called him Flush because he always looked flush. You know,

with diamonds sticking all over him and wads of dough bulging from his pockets."

"That's the story he tells the chumps," explained Banker. "Flush had to have some alibi for his moniker, after

the other hustlers pinned it on him. When Flush gets here, Grease, we'll have him show you that pet trick of

THE three lieutenants were deep in a new card game, when a knock at the door announced the arrival of

Flush Tygert. They were due for a disappointment, as soon as the gambler entered.

Flush looked the same as ever: tall, thinhaired, with a long, sallow face that wore a perpetual goldtoothed

smile. But his blue serge suit was shiny; its glitter took the place of diamonds. As for his pockets, they hadn't

It was quite plain that Flush Tygert had fallen on bad times. His roving eyes were actually greedy, as they

Grease Rickel gave a snarling welcome, which brought him a shin kick from Clip Zelber. Meanwhile, Banker

In this instance, Banker and Clip were outvoting Grease. They considered it good policy to give Flush a

welcome, even if he did look broke. Flush had quick ways of getting into the money. He might come back

"Sit down and play a few hands, Flush," suggested Banker. "Your credit is good, if you need any. By the

way, before we start, show Grease the flush trick. He was asking how you trimmed the chumps so easy."

A pleased gleam showed on Flush's face, as apparent as the glitter of his gold teeth. He took a chair and

invited Clip to sit opposite, to assist him in the stunt. Then, gesturing toward Clip, Flush stated in a smooth

"The stooge wins, see? But I do the dirty work. Here's how. In a poker game, a guy often gets a four flush but

finds it hard to fill when he draws the extra card. I take care of that problem."

He gave Clip four hearts and a spade, and took a fivecard hand for himself. He tossed a few cards on the

"There's four signals," continued Flush. "Hold those cards square; that's it, Clip. Left thumb, right thumb,

Clip promptly poked both thumbs above the top edge of his cards. Flush gave an approving nod.

"That means you need a heart," he said, "and I've got one. I cop it, here in my right duke, the face of the card

against the palm. Meanwhile, you've got to slide off that odd spade of yours and slip it face down with the

Clip managed the maneuver; as Flush explained, the process was easy, because people wouldn't be expecting

a player to get rid of one card from a legitimate hand of five. As it now stood, Clip had an incomplete hand of

"Plank them face up on the board," ordered Flush. "Tell everybody you've got a flush. Say it like you meant

When Clip gestured at the four cards that he laid on the table, the only objector was Flush himself. In his

"Spread 'em out, fella! Always spread 'em out, so everybody can see 'em. Maybe there's a wrong card in that

Before Clip could move, Flush spread the cards himself. His right hand snaked forward, gave the four hearts

a wide sweep. With the movement, Flush added the extra heart from his own palm, so deftly that the

onlookers blinked. He didn't simply drop it on the other cards; he sliced it right in among them, so that it

"All hearts," admitted Flush, in a grieved tone. "The pot is yours, old man. Worse luck next time."

Such skill won immediate approval for Flush Tygert. He had shown the stunt to Banker and Clip once before,

and they agreed that he had repeated it in the same slick style. The compliment produced another gleaming

"You can't always win, you know," drawled the gambler, "even with the best of setups. I ought to be in the

money right at present, but I'm not. I played what looked like a sure shot, but it didn't work out."

"I was out to get a hundred thousand bucks," added Flush. "But the dough was gone before I could grab it.

Flush went no further. It wasn't necessary. He had changed his tone from a drawl to a half whine. The men

THE missing bookie had returned in the guise of the slick gambler. Jake Smarley and Flush Tygert were the

same. But neither of those names sprang to the lips of the three amazed men who viewed the smiling visitor

"I told you I'd be back," drawled the master crook, in the style of Flush Tygert. "You can forget Jake

Smarley. He's the same as dead and buried. I'm only sorry that he didn't grab off Melbrun's cash and split it

"Anyway, he made his getaway. That's why I'm here. And remember" the speaker raised his left hand and

bent his forefinger inward "the Melbrun job was only the first one. There are four more to come" he was

Eagerly, the lieutenants gathered close. Lowering his drawl to an undertone, Fiveface began the details of

the crime next on the list. As they listened, Grease Rickel and Clip Zelber exchanged approving glances that

pleased Banker Dreeb, the lieutenant who had been confident that Fiveface could come through.

New crime was in the making crime that would require the mobbies that the lieutenants could supply.

Crime without mercy toward anyone who might oppose it. Fiveface, at present known as Flush Tygert, was

There would be a surprise for all foemen who crossed crime's coming path; even for The Shadow!

THE blackwalled room was thick with darkness, except for a corner, where a bluish light gleamed upon the

Deflected downward, the bluish rays made little impression on the deep gloom; in fact, the whole room

seemed a mammoth shroud encroaching upon the spotted light. A figure stood beside the table; yet it was

Living things came into the light: a pair of hands that moved like detached creatures. They were slender

hands, yet sinewy, showing power beneath the velvety surface of the long, tapering fingers. Upon the third

finger of the left hand shone a strange gem, with everchanging hues that ran the gamut of the spectrum.

The stone was a girasol, a magnificent fire opal, unmatched in all the world. The iridescent gem proclaimed

the identity of its owner, but only to the privileged few, who knew the significance of the gleaming token.

This room was The Shadow's sanctum, a hidden headquarters where darkness always persisted. Buried in the

heart of Manhattan, its very location a deepguarded secret, the sanctum was the place wherein the master

Newspaper clippings moved about under the touch of The Shadow's fingers. He was arranging them along

with report sheets from his agents: stacks of data, that often proved important.

The quest for Jake Smarley had been fruitless. The missing bookie had completely vanished. The Shadow's

competent agents had scoured hideout after hideout ahead of the police, and had found no trace of crime's

Nevertheless, a whispered laugh stirred the sanctum's blackness. The Shadow had probed crime's depths, and

understood. He was no longer thinking in terms of Jake Smarley; he was considering the possible moves of a

Negative results had told The Shadow that he was seeking a criminal who had more faces than one. He had

therewith instructed his agents to drop the search for Smarley. Instead, they were watching for massed moves

on the part of lesser crooks, as sure proof that crime's master hand would again be conniving evil.

A tiny light twinkled on the sanctum's wall. Lifting a pair of earphones, The Shadow clamped them to his

At The Shadow's command, Burbank, the contact man, gave longawaited news. Crooks were on the move;

their destination had been discovered. The Shadow's agents were covering the scene, awaiting the arrival of

A long hand lifted itself from the table, vanished into darkness. There was a click as the bluish light went off.

WITHIN the next quarter hour, a taxicab swung from a side street and followed the Bowery, moving slowly

There was a double reason for the cab's slow progress. An elevated railway ran above the Bowery, impeding

speed. In addition, the street was a favorite haunt for shambling bums, who crossed the thoroughfare with

There was a passenger in the cab, though it looked quite empty. Seated deep in the rear seat, The Shadow,

fully cloaked, was enveloped in darkness as he gazed from the window. His keen eyes were studying lights

along the street. For the most part, the Bowery was gloomy, but one building showed a stretch of brilliance.

It was the Diamond Mart. Oddly situated in this doubtful section of Manhattan, the Mart formed an exchange

where huge deals in gems were transacted daily. Its ground floor teemed with booths, the headquarters of

merchants who displayed their diamonds and serenely made sales totaling many thousands of dollars, as if

The evening being early, the Mart was still open. Its doorway was wide; the portals seemed to welcome

visitors. But the Diamond Mart was as closely guarded as the United States Mint. To start trouble within its

Along the Bowery, The Shadow saw policemen, who were regularly assigned to guard the Diamond Mart.

They were like figures in a guessing puzzle; there were about twice as many as the eye would ordinarily

suppose. In addition to the bluecoats, plainclothes men were on duty. Patrol cars were also in the

It happened that The Shadow's present destination was a block south of the Diamond Mart. Knowing that

crooks were about, he wisely gave the Mart a careful inspection as he passed. Had anything disturbed the

calmness of the scene, The Shadow would have paused for further study; but it happened that the building

Inside the Mart were special watchmen, who spotted suspicious customers at sight. Knowing their capability,

The Shadow spoke a lowtoned order to his driver and the cab proceeded onward. The next place that needed

observation was The Shadow's special goal, an arcade that ran from the Bowery to another street.

The arcade formed a contrast to the Mart. Long, lowroofed, it offered shelter to the riffraff of the

At this hour, the arcade was rather dark, and as he passed it The Shadow noted that it held more than its usual

quota of human drifters. He observed, too, that many shamblers were circulating about, always keeping

Among these, The Shadow recognized his own secret agents, four in number. Two of them frequently

patrolled the badlands, and were therefore quite at home. The other pair were posing as panhandlers and were

doing a good job of it, but they were careful to remain in the offing so as not to be too conspicuous.

Reports were correct: crooks were assembling at the arcade. They were passing themselves as the lowest of

human scum, which wasn't difficult, for they were rats by trade. But the arcade, itself, offered no target for

Having covered the Diamond Mart, The Shadow decided to take a look at Chinatown, only a few blocks

The cab in which The Shadow rode was his own. Its driver, Moe Shrevnitz, was one of The Shadow's agents

and a very capable hackie. At his chief's order, Moe weaved the cab into Chinatown, where a slow rate of

Chinatown proved as quiet as the Diamond Mart. Along the curve of Doyers Street, The Shadow saw

patrolmen on their regular rounds. All was quiet near the corner of Mott and Pell, the real center of the

district. Moe continued his roundabout course, finally making another trip past the Diamond Mart.

The cab halted there, abruptly, to let another cab stop. The Shadow saw the man who alighted, watched him

wave an affable greeting to a detective who shifted into sight. The dick recognized the arrival; so did The

HE was a different Flush Tygert from that afternoon. He was more prosperous in appearance. Flush was

wearing a nattylooking suit; the lights from the Mart brought a gleam from a diamond on his finger, and his

cuff links showed the same sparkle. Moreover, Flush had cash. He showed a bundle of it when he paid the

Flush peeled his bank roll like a head of lettuce. He had thumbed through tendollar bills and twenties before

he found a stray five among the fifties. He used the smaller bill to pay the driver. While the cabby was

finding difficulty in making the change, Flush stuffed the big roll back into his pocket.

A scrawny bum was slouching past the Diamond Mart. The shambler showed interest at sight of the cash. He

shoved himself toward Flush, mouthing something about "sparing a dime." Flush gave a glance at the fellow's

The detective stepped forward; the bum made a quick scramble. A little farther along, he stopped to tell

This episode had all the markings of a welltimed act. It looked as though the two bums were on hand to spot

how much cash Flush had with him. The gambler's bank roll certainly ran into thousands of dollars, big

Diamond cut diamond; crook rob crook. The setup impressed The Shadow, as his cab wheeled away. Flush

As for Flush's presence at the Diamond Mart, it was natural enough. The Shadow had listed Flush and his

habits, long ago. Records showed him to be a gambler who played the ocean liners, varying his trips,

traveling to Europe and South America. When he came back with big winnings, Flush always invested them

Not having seen Flush that afternoon, The Shadow naturally assumed that the gambler had been lucky on his

last South American excursion, since European voyages were no longer popular. Therefore, his trip to the

Flush might rate as a crook on boats beyond the twelvemile limit; on shore, he passed muster. The Shadow

Elsewhere, Flush might be prey, either for his cash or his diamonds, particularly if he passed the old arcade

On the chance that such might be the case, The Shadow decided to drop in on the meeting place where he had

Flush Tygert had not seen The Shadow. It was unfortunate, therefore, that the unseen cab rider had not waited

a little longer. For Flush performed his next action in a fashion that was a trifle too dramatic. Pausing in the

doorway of the Diamond Mart, the crook tried to light a cigarette with a lighter that worked too well.

Several times, Flush's ticking thumb produced a flame, which he promptly suppressed. He didn't want his

light as soon as he was getting it. An elevated train was approaching, high above. As it came by, Flush finally

let the cigarette lighter work, and held the flame steadily until the train had roared beyond him.

Then, with a gleaming smile, the man who called himself Fiveface stepped into the welcoming portals of

the Diamond Mart. Flush Tygert had used his cigarette lighter to touch off crime of a most unusual sort.

Things about to come would reveal the planning of a master plotter whose tricky schemes were to convince

Crime was due, in the very presence of The Shadow, before he could reach the main scene of its action!

IT took The Shadow just three minutes to reach the vantage point he wanted: the rear street in back of the old

arcade. During that interim, the elevated train stopped at a station and an oily faced man stepped off.

The passenger was Grease Rickel; he had caught the signal given by Flush Tygert with his cigarette lighter.

In his turn, Grease was spied by crooks below. He didn't have to leave the elevated platform. He merely

stepped to the rail and gave a quick gesture. It started the real fireworks. Flush had supplied the flame; Grease

Instantly, a brawl broke loose outside the old arcade. It looked as though two bums had started to grab for a

loose dime that they saw in the gutter and their scramble brought a flood of others, like sparrows flocking for

The sudden strife brought shouts from policemen, followed by the pound of footbeats. Then, as the brawl

Fighters accepted the police signal as their own. Not only did they break apart; there was a flash of revolvers,

followed by quickstabbed shots in the direction of the officers. Diving for shelter of doorways and elevated

Like a thing rehearsed, the swirl of shabby men went into the entrance of the arcade. Thinking the opposition

poorly armed and in retreat, the officers followed, their own fire bringing up reserves, who were prompt to

No outside aid could have stopped the coming slaughter. The charging police were thrusting themselves into

Seldom did crime's success depend upon such wholesale killing. Few big brains of crime, no matter how

fiendish or desperate, cared to stir the vengeance of the law by a massacre of policemen. But tonight's crime

had a reverse twist which slaughter would aid, and it was being managed by a supercrook who could laugh at

The police would never find Fiveface, no matter how far they looked for him. He had wiped out one

personality, that of Jake Smarley. He could as easily dispose of his present guise. With crime done, Flush

Fiveface had given the word for slaughter in the name of Flush Tygert, and gleeful mobsters were eager to

deliver death. Banked within the entrance of the old arcade were two squads of marksmen, four to a side,

No longer posing as bums, the killers held big revolvers of .45 caliber. They had chosen the "smokewagons"

as weapons in order that their bullets would produce a fuller share of carnage. As the last batch of decoys

With the signal, assistance came to the officers, who were already in full sight. It didn't come from outside

the arcade; that was impossible. The men who sprang the surprise were in the very midst of the crooks.

Four in number, The Shadow's agents. One pair had entered the arcade earlier; the other two had hurried in

Whipping out guns of their own, they flung themselves upon the firing squads, slashing hard at heads and

arms, determined to prevent the reception that the crooks intended for the police.

Guns blasted, wildly. The whole arcade roared, its confines magnifying the fusillade to the tumult of a

cannonade. Stabs of flame issued in all directions, except the one that crooks intended.

Bullets were digging the low roof and walls of the arcade; slugs were whistling over the heads of the police

and ricocheting from the sidewalk. But the charging police were still coming, unscathed by the fire!

They saw what had happened; how a few valiant men had hurled themselves on twice the number. The

officers weren't shooting any longer; they didn't want to harm their friends. But the police were blocked when

A veritable flood of howling hoodlums gushed from the arcade, pouring down upon the forces of the law.

Guns were everywhere, slugging at close quarters. In a trice, the officers were fighting for their own lives

against a formidable horde. It looked like sure death for the four unknown valiants who had spoiled the

Then, supreme amid the tumult, came a battle challenge that drowned all cries and shots. It broke from the

It stood for a lone fighter; a champion of justice who cared nothing about odds, a warrior whom crime had

never conquered. Alone, he was more formidable than an entire squad; his very strength lay in his solitary

ability to be everywhere, yet nowhere, when he hurled himself against a mass of foemen.

IN answer to that taunt, crooks forgot all else. The Shadow's agents were hurled aside by men who wanted to

get at crime's archfoe. Fighting police suddenly found that they were struggling only with thugs who couldn't

get loose to return into the arcade. Like a massive tide, the pour of killers had reversed itself.

Mobsters couldn't see The Shadow. They knew only that he was somewhere in the darkened arcade, and they

wanted to smother him en masse before he could escape. They had turned themselves into a living

juggernaut, numbering more than a score. No one, not even The Shadow, could stand against such a surge. So

They were met by blasting guns, a brace of .45 automatics that The Shadow handled with utter ease. His

shots were directed at the very center of the overwhelming wave, while thugs were clumsily trying to get

The tide broke as men stumbled, and The Shadow lunged into its very vortex, like a diver going beneath a

Snarling crooks wheeled from the flanks. The thing had happened at what seemed the very start of battle. The

Shadow had gone almost before they realized it, but they knew where to find him: somewhere in their own

A clever trick on The Shadow's part, but only a temporary stopgap. A suicidal move, if ever a fighter had

Crooks had forgotten the cops out in the street. Outnumbering the few thugs who had remained to battle

them, the police were free for another charge. They made it, at the very moment when the billow of crooks

reversed itself to trap The Shadow. Under the unexpected drive, the maddened thugs were caught entirely off

They were surging again toward the rear of the arcade, but not at their own desire. They were being propelled

by a storming mass of bluecoated warriors, whose guns were stabbing devastating closerange shots that

Given a foothold by The Shadow, the police were turning the fight into a rout. Mobsters, not officers, were

Along with the blast of guns, staggering crooks heard The Shadow's laugh, mocking in its triumph, from

somewhere near the front of the arcade. The police had literally bowled the enemy clear of their blackclad

WITHIN the Diamond Mart, sounds of battle were quite audible, but by no means ominous. Most of the

shooting was muffled within the arcade, the guns that the diamond merchants heard seemed sporadic in their

Behind a little counter that barely gave him room to spread his portly elbows, one fatfaced jeweler turned

his head and smiled blandly at his neighbors. He was old Breddle, who had been in business at the Diamond

Mart almost since its opening day. Rioting in this neighborhood did not disturb him.

In Breddle's opinion, a fight a block away was as remote as the European war zone. His bland smile widened

as he heard the gunfire dwindle. The fray was bearing off in another direction, probably toward the twisty

Breddle gave a wise nod that calmed the neighboring merchants. They passed the word along the booths. No

need to worry any longer; old Breddle had given the nod. Glancing in Breddle's direction, other diamond

sellers saw that the oldtimer was talking with a customer as ardently as if the noise outside had been nothing

It chanced that Breddle's customer was Flush Tygert. The gambler was interested in buying diamonds in a big

way. Practically all of Breddle's best gems were on the counter, but Flush wasn't satisfied.

Glancing at the adjoining booths, Flush quietly asked if Breddle could make deals with his nearest neighbors,

provided that they had what Flush wanted. Figuring that his own stock would stand up in comparison,

Breddle nodded. Beckoning to the other two merchants, he invited them to show the best they had.

None of the diamond sellers observed the thing that Flush took in with a casual glance out toward the street.

Only Flush knew the size of the arcade battle; he was looking to see if it had produced the required result.

It had. The fray had drawn all available police from their usual posts, plainclothes men as well as bluecoats.

Trays of diamonds came across the sides of Breddle's booth, thrust there by the adjoining merchants. They

wanted Flush to compare their wares with those that Breddle offered. With a grin that lacked gleam because

Had Breddle and the other merchants stared Flush in the eye, they might have guessed a most important

secret. His features were undergoing a series of changes. He was Fiveface, rather than Flush Tygert, though

But none of the three merchants was meeting the gaze of Fiveface. They were staring at a gun muzzle that

poked from the edge of Flush's coat. Snakelike, the revolver wangled back and forth under its owner's skillful

"Bring out the old valise," Flush told Breddle. "The one you always keep handy. Open it and put it on the

BREDDLE followed instructions without a murmur. As he glanced at his fellow merchants, his eyes warned

them not to make an unwise move. No one could get away with wholesale robbery, here at the Diamond

Mart. Flush Tygert would be stopped before he could leave the building. Placing the valise as Flush ordered,

"Start to put your trays away," said Flush. "When you get them below the counter, dump them into the bag.

Don't let any of the gems splash over. I might miss out on one I particularly want. In that case, Breddle, I'd

Tray by tray, the old merchant poured diamonds into the waiting bag. Even at Breddle's prices, which were

low, the gems he had displayed ran close to two hundred thousand dollars in total value. When Breddle had

finished with his trays, Flush told him to take those that the other merchants held handy.

More diamonds went into the bag, and Breddle left the empty trays beneath his own counter. With the natural

smile of Flush Tygert, Fiveface told the other merchants to relax and looked unconcerned while Breddle

handed over the valise, which now contained a quarter of a million in loot, at rockbottom prices.

Straightening up from the counter, where he had leaned as though inspecting diamonds, Flush let his gun

slide from sight. His last words were a warning that he would hold Breddle responsible, should any alarm be

given. The threat meant nothing by the time Flush had carried the bag halfway to the big doorway.

With a gesture, Breddle ducked beneath his counter, and his neighbors followed his example. Breddle pulled

a switch that gave an automatic alarm. Customers at the Diamond Mart were instantly treated to a

To the strident clang of alarm bells, merchants scooped up trays and loose diamonds, to shove them into

safety. Guards appeared as if from nowhere a few from behind counters, others among the customers,

They almost blocked the outer door before Flush could reach it. Only by a rapid dash did the lone crook get

By his spurt, Flush gave himself away as the thief they wanted; but he was smart enough to yank out his

revolver and brandish it with one hand, while he swung the jewel bag across his body, exactly as he had done

Flush fired, aiming for counters, not for the guards. It was a cute trick, for it threatened the lives of merchants

and customers. On that account, the guards gave him leeway. They wanted him outside, where he could do no

To a man, they thought that the foolhardy gem thief would run right into the arms of the police. But when

they reached the door themselves, they saw Flush leaping into a taxicab parked a short way up the street.

The guards aimed; before they could fire, guns roared from two lowbuilt sedans that wheeled in from a side

street. Before they could drop back, the guards saw the muzzle of a machine gun thrust out from one car,

Down the street, police were piling from the old arcade, too far away to give rescue. The aid that came was

A CLOAKED figure sprang into sight from the gloom of an elevated pillar only a dozen yards away. A fierce

laugh, taunting, defiant, made the machinegunners swing their formidable weapon toward the attacker in

black. Automatics spurted, in tandem style, from the gloved hands of The Shadow.

The men at the machine gun were withered. Their car kept on, following the cab that Flush Tygert had taken.

The other sedan also sped along, to cover the getaway. A third automobile was cutting in from another street.

But they couldn't escape this master foe who had arrived to take up the duty that the police had dropped. With

the law triumphant in the arcade, The Shadow had sensed what was due at the Diamond Mart. Not quite in

time to prevent the actual robbery, he was prepared, nevertheless, for the chase.

A cab lurched into view, arriving in almost as surprising a fashion as The Shadow. Moe Shrevnitz was at the

wheel; he had been cruising, looking for his chief. The rear door slashed open; the cab seemed to swallow

The Shadow as it passed him. Momentarily jabbing the brakes, Moe let the swinging door slam shut.

Again, a strange, weird laugh quivered the gloom beneath the elevated, as gloved hands poked from the cab

window, gripping a brace of automatics that still showed wreaths of smoke coiling from their muzzles.

The Shadow was on the trail of Fiveface, the crook of many parts, who had staged crime as Flush Tygert.

How long the man of crime could retain his quartermilliondollar loot was a question soon to be decided!

VEERING westward from the Bowery, the chase covered a few dozen blocks in uneventful style, while The

Shadow kept close tabs on the speeding cars ahead. Ironically enough, the pursuit passed very close to police

Fiveface had planned well. The battle in the old arcade, staged by riffraff acquired through the master

crook's lieutenants, had drawn patrol cars in the wrong direction. If The Shadow hadn't come along to take up

News was just reaching police headquarters when the caravan went by. In the radio room, dispatches were

going out to patrol cars to pick up a fleeing taxicab and three convoying sedans. Perhaps crooks realized it,

Unquestionably, they hoped to find a hiding place before the law was in full cry. The Shadow was preventing

it, by his policy of dogging their trail. Thus crooks were caught between two problems: that of being spotted

by their speed, as soon as the full alarm went out; and the alternative of letting The Shadow overtake them.

They feared the first proposition less. The Shadow's victory at the arcade seemed a superhuman

accomplishment. People who stopped to get The Shadow usually stayed too long. The Shadow would

certainly draw patrol cars with his gunfire; after that, the crooks would be trapped.

So the speeding cars kept right ahead, and while Moe clung to the chase, The Shadow leaned through the

They were all right, Moe reported. He had contacted them, somewhat battered and bewildered, outside the

Rescued by The Shadow, the agents had survived the police onrush by the simple expedient of lying low at

the sides of the arcade and letting the surge travel past them. So many thugs had been fighting the police hand

Sirens were wailing as Moe finished his report. Patrol cars were on the job, searching for the fleeing caravan.

Leaning from his window, The Shadow tried longrange fire at the wheels of a crookmanned car.

The vehicle was too far ahead, but the shots counted. Sounding loud in the narrow side street, they were sure

Results came sooner than The Shadow hoped. As his cab passed a corner, patrol cars appeared. Fortunately,

they recognized that The Shadow's cab held a pursuer, not a fugitive. Soon, they were actually gaining on

It meant that the last car in the caravan must have slowed somewhat, since Moe was guiding by its pace.

Crooks fired a volley as The Shadow's cab whizzed by, and he returned the fire. The lone car fled by the side

Grease Rickel was in command of that car. He had found it waiting for him near the Bowery elevated station.

Grease snarled curses as he took to flight. It had been his job to decoy The Shadow and the police cars,

getting them away from Fiveface and the swag. The Shadow had seen through the ruse.

Only a few blocks along the straight route, Moe was picking up the real trail again. He had spurted the cab,

drawing away from the police cars, but they were again beginning to gain. The fact told The Shadow that

another trick was coming. When he saw the last car of the caravan keep straight ahead at a street crossing,

How The Shadow guessed the correct direction was a mystery, even to Moe; nevertheless, the blackcloaked

observer picked it. This time, it happened to be Banker Dreeb who staged the dodge. Like Grease, Banker

Only one car still clung to the cab that carried Flush Tygert. The man in charge was the third lieutenant, Clip

Zelber, and he was in a dilemma. He didn't know whether to stay along with Fiveface and protect him or to

Clip hadn't expected the chase to reach its present state. While he was puzzling over the situation, The

Knowing that only one car lay between him and the fugitive cab, The Shadow ordered Moe to overtake it. As

Moe made a marked gain by a swift turn at a corner, The Shadow opened a bombardment.

Had Clip allowed it to continue, he and his companions would have found themselves in a wrecked car, for

The Shadow had neat ways of puncturing tires and crippling drivers at the steering wheels.

Frantically, Clip ordered his driver to take the next corner. The sedan scudded for safety, leaving The Shadow

IN that cab, Fiveface rode alone. The term suited him better than his recent identity of Flush Tygert,

because Fiveface no longer looked like Flush. He had started to change his personality with the aid of

He was using a fake chin and a molding substance that looked like putty. He spoke in the tone of Flush,

Oddly, the driver of the fugitive cab was not a thug. He was simply a scared cabby, who had been drawn into

this mess by chance. Choice of the cab was another tribute to the mastery of Fiveface. The chameleon crook

had foreseen that a threatened driver would show more speed than any other, and the cabby was proving it

He took corners on two wheels, whizzed right through traffic lights, jounced the curb in order to escape

blocking traffic. In the course of a dozen blocks, the fellow actually gained a few on Moe Shrevnitz, which

The numbers on the street corners were clicking past like those on a roulette wheel. Almost finished with his

makeup, Fiveface glanced from the window. He couldn't spot the street numbers, but he recognized the

With one hand, Fiveface gripped the jewel bag beside him; then, in the tone of Flush Tygert, he ordered:

"Take it easy, jockey. We're getting too near Times Square to raise hob with the traffic. You know where

The cabby gulped that he did. The fellow's tone brought one of Flush's typical laughs. Lody's was noted as a

hangout for mobsters of a deluxe sort, but patronized only by those against whom the law had no definite

"We're going to Lody's," came the assuring tone of Flush. "Nice and properlike, understand? Pull up in front

The cabby began to stammer that they were east of Lody's, and that it happened to be on an eastbound street.

It wouldn't do for an ordinary cab to be bucking traffic. Flush's tone cut the driver short.

"Don't you think I know it?" drawled the bigshot. "Take the first westbound street before you get to Lody's,

As he finished, Fiveface threw a glance to the rear. He could see The Shadow's cab and hear the sirens of

the police cars behind it. Nevertheless, he laughed and leaned forward to the front seat.

"Remember that gat I showed you?" he inquired. "Here it is again, where you'll remember it. Take it easy,

The cabby quivered as he felt the cold ring of steel that pressed against the back of his neck. The gun had

worried him enough; the pressure of a muzzle completely cowed him. Still, he found strength enough to

follow orders. He idled the cab the moment that he swung the corner, reducing it almost to a crawl.

By the time the cab had turned the next corner, The Shadow's taxi swung the first one. The next block was

very short, along an avenue; the cab navigated it and took the turn that brought it in front of Lody's. By then,

Hurling a door open, The Shadow reached the other cab just as it stopped. He saw the driver sitting stiff, his

"Don't start nothing! He's got me covered; he'll croak me! He's poking my neck with a gun "

The Shadow's laugh intervened; it came as a reassuring whisper. Glancing in the mirror, the cabby saw to his

amazement that his recent passenger was gone. In place of Flush Tygert was a blackclad rescuer, who was

As he spoke, The Shadow placed his gloved fingers against the back of the driver's neck and plucked away an

It was a dime that Fiveface had pressed against the cabby's neck, instead of a gun muzzle. Pushed slightly

upward, it had adhered to the fellow's perspiring skin. The cabby felt it each time his neck tilted back against

By so placing the coin, Fiveface had kept the driver on his way after the master crook had found a chance

WHILE the cabby was staring at the dime that The Shadow dropped into his hand, the police cars swerved

into the side street. Springing to the curb, The Shadow waved arms to flag them.

He didn't want them to open fire on the empty cab, which no longer contained the crook they wanted. The

wanted man must be somewhere in the vicinity, the bag of diamonds with him. The next step was to block his

As the whitetopped police cars were halting at sight of The Shadow, a hardfaced waiter in Lody's was

answering a telephone call. Hanging up, the fellow stepped to a table where three men were dining. Their

These three did not belong to Fiveface nor any of his lieutenants. They were exracketeers, still living on

"Just got a tipoff, gents," informed the waiter. "The Shadow is outside. Thought you'd like to know it."

They did like to know it. Nowhere was the name of The Shadow voiced more venomously than at Lody's.

These hasbeens of crime belonged to the same ilk as Grease, Banker, and Clip. They happened to be dining

at Lody's because they still were prosperous. With each day, they had been looking forward to the time when

They didn't regard the waiter's tipoff as a hoax. It wasn't healthy to play practical jokes on the crowd that

dined at Lody's. These crooks deluxe saw their opportunity to deal with The Shadow personally. Instead of

mobbies, they could depend upon a score more of their own kind, who were also in the restaurant.

The word passed instantly from table to table; with one accord, Tuxedoed rats came to their feet and started

out to the street. Undaunted by the arriving police, they whipped revolvers from their pockets the instant that

With the cry, the cloaked figure wheeled. The Shadow knew instantly that Flush Tygert had phoned the word

to Lody's after dropping off from his cab. He recognized, too, that these attackers were not part of the

bigshot's horde. Again, the touch of the master hand; he was playing it safe, turning a crowd of volunteers

The shout gave the attack away, but not well enough to save The Shadow. Too many guns were on the draw

for him to remain as a target. As for blackness, there wasn't any close enough for The Shadow to make a

quick fade. His only system was to provide darkness by beating the crooks to the shot, and he did.

Whipping both guns from his cloak, The Shadow blasted the lights of the nearest police car, producing a

swath of blackness into which he dived. The instant that the gloom swallowed him, he reversed his course.

He was speeding out again, into the light, as the Tuxedoed marksmen dented the hood of the car into junk.

Another shout; the crooks wheeled; too late. The Shadow reached the cover that he needed the cab that

Flush had used. Its driver was gone, running along the street. Springing into the cab, The Shadow turned it

It had a slideback top, which enabled the cloaked sharpshooter to fire as if from a turret. When crooks

blazed bullets for the cab top, The Shadow's hands jabbed from one window, then the other, poking quick

By then, the police were in it. At first, they thought that shots were meant for them. They had mistaken The

Shadow's strategy for an attack. But when the cloaked fighter had diverted the fire, the officers knew how

They were out of their cars, charging the frenzied men in Tuxedos exactly as they had gone after the

Crooks surged for the cab, hoping to get The Shadow at any cost, while others were fighting off the police.

When they reached the cab, The Shadow was gone again. He had chosen the moment of the police surge to

spring to the sidewalk and take a new vantage point in a narrow alleyway. He was sniping off his foemen in a

Then came a quick end to the battle, through aid from a unique and unexpected source.

NEXT door to Lody's was an upstairs gymnasium, rather well known in the vicinity. It was a boxing stable

managed by a fight promoter named Barney Kelm, a familiar figure on Broadway, whenever he was in New

York. Barney happened to be on hand tonight, and shooting didn't bother him any more than the boos of a

Portly, wideshouldered, with a broad, bluff face beneath his derby hat, Barney Kelm stepped to a little

balcony that fronted the gym. He scanned the street and saw what was going on a frenzied, slugging battle

There was no sign of The Shadow. From his balcony, Barney could not observe the telling shots that the

hidden marksman delivered. Turning back to the gymnasium, Barney gave an ardent bellow, along with

graphic gestures. A dozen boxers quit skipping rope and punching away at bags. With Barney among them,

They were pulling off their gloves, to get in punches that would hurt. Grabbing men in Tuxedos, the pugs

gave them expert treatment. Hard uppercuts counted more than the wide swings of police guns. With Barney

cheering them and waving his own pudgy fists, the boxers made short work of the mob from Lody's.

Soon, the police were carrying away the wounded, while the pugilists were dragging slaphappy crooks from

gutters. More patrol cars were arriving, to give the law full control. His guns stowed away, The Shadow saw

The fatfaced fight promoter was taking credit for having quelled the fray. As far as The Shadow was

concerned, Barney Kelm was welcome to it. The Shadow was more interested in learning what had become

Two battlers had vanished: one, The Shadow, a figure in black, his real identity unknown; the other,

When, where, and how they would meet again, neither could foretell; but the fact that there would be such a

SEATED in the library of the Cobalt Club, Lamont Cranston was scanning two newspapers. One was several

days old, telling of the foiled robbery at the United Import Co. It showed the photo of Jake Smarley, the

missing bookie, beside the picture of Arnold Melbrun, the man who had outguessed the vanished crook.

The other newspaper was recent. It had two frontpage photographs. One portrayed Flush Tygert, his long

face displaying its habitual smile; the other, the fat, serious features of Barney Kelm, who rated at a public

Like Smarley, Tygert was wanted, but to a greater degree. Where Smarley had missed out on a robbery, Flush

had succeeded. It would go hard with both, however, if they were found, for there were manslaughter charges

Folding one newspaper, Cranston placed it on the other, so that only the two pictures showed, those of

Smarley and Flush. Side by side, they made an interesting contrast. Facially, there was nothing in common

between Jake Smarley and Flush Tygert; the remarkable thing was that both had disappeared.

Very remarkable, considering that they had not been highly rated in the underworld until their recent exploits.

Neither Smarley nor Flush should be the sort to have an airtight hideaway; yet, apparently, each had one.

Placing the newspapers aside, Cranston drew a notebook from his pocket. With a fountain pen, he wrote the

Alone in the library, Cranston phrased a whispered laugh. Its low, uncanny tone identified him as The

Shadow. So did the ink with which he had inscribed the names. As it dried, it faded, obliterating itself

It was the special ink that The Shadow used for important messages. He employed it, too, when he

The names linked. The Shadow had divined that Smarley and Flush were one and the same. His keen brain

was visualizing the next step in the process; namely, that by this time, neither Smarley nor Flush existed; that

He remembered how Smarley had cleverly used Melbrun's cash box as a shield to deflect bullets. Flush had

In flight, Fiveface had been off guard, and each time, The Shadow had spied him. Though The Shadow did

not know the title used by the master crook and therefore could not tell how many faces the criminal had, he

An attendant entered the library, carrying an envelope. He saw The Shadow and approached on tiptoe,

carefully trying not to disturb the quiet of the room. The Shadow was rising, in the leisurely style of

Cranston, before the attendant arrived. Cranston's lips showed a smile as he scanned the note.

It said that Commissioner Weston was in the grillroom and would like Cranston to join him. Apparently, the

commissioner had something to tell regarding the police investigation of the recent robberies.

IN the grillroom, Weston had a pile of police reports, stacked six inches high. Cardona was with him, and the

Again, there was a resemblance between the raid at Melbrun's and the robbery in the Diamond Mart.

First it had been Jake Smarley; now it was Flush Tygert. In each instance, thugs blamed all crime on men

"Perhaps the two are working in cahoots," said Weston, suddenly. "They might even be sharing the same

hideout. An excellent theory." Weston nodded, proudly, as he turned to Cardona and added: "Make a note of

While Cardona was making the note, two men entered. One was Arnold Melbrun; the other, old Breddle. The

"Sorry about your misfortune, Mr. Breddle," condoled Melbrun. "I was lucky to save the money that had

"You took the right precautions, Mr. Melbrun," returned Breddle. "I was just unfortunate, considering how

Weston was laying out photographs on the table. He was anxious to link Jake Smarley with Flush Tygert,

Looking at Smarley's pictures, Melbrun gave a slow nod. From descriptions given by the office workers, the

pictures showed Smarley, well enough. But when he saw photographs of Flush Tygert, Melbrun shook his

In his turn, old Breddle looked blank when he saw the Smarley pictures, but became quite voluble at sight of

those portraying Flush. Unfortunately, Breddle had never seen Flush, except when the gambler came into the

Diamond Mart; therefore, he could offer no worthwhile information concerning the mobster.

"Another man will be here, soon," announced the commissioner. "Barney Kelm, our public hero. He and his

Melbrun happened to have an appointment and could not stay. He regretted, however, that he could not meet

"Give the chap my congratulations," said Melbrun, "and say that my door is always open to all fine citizens

like himself. I know that our friend Breddle" he turned to the jeweler "will give Kelm proper thanks.

Kelm came close to catching Tygert for you, Breddle. I wish he had been around when Smarley tried to rob

With Melbrun gone, Breddle was anxious to learn what progress the police had made toward reclaiming the

stolen diamonds. Weston went over the police reports in methodical style, but he wasn't halfway through the

The jeweler recognized that the commissioner was simply trying to show that the law had done its utmost,

It was half an hour before the process was completed; all that while, The Shadow sat silently by, his mind

Thinking in terms of a disguised master crook, The Shadow was wondering how many faces the man could

display and what identity he might be using at present. Even more important was the question of coming

crime: whether the unknown could risk another daring robbery, and, if so, what it would involve.

A BIGTONED voice brought The Shadow from his reverie. Barney Kelm had arrived; the blufffaced fight

promoter was receiving a welcome. When Breddle shook hands, Barney clapped a broad hand on the

"Sorry my boys weren't down at your place," declared Barney. "They'd have stopped Flush Tygert in a hurry.

They've been talking about him all afternoon. Say if we could only locate Flush, I'd like to let them loose

Weston was introducing his friend Cranston. Barney gave The Shadow a powerful grip. Seating himself at

the table, Barney tilted his derby hat back over his head and began to look at the police reports. Mention of

"So I'm a public hero," he chortled. "That's swell! They'll be pointing me out when I walk along Broadway.

You know, I was thinking of moving that gymnasium of mine. I didn't like it, because my boys were so close

"A bad influence, that place, but I'm glad I stayed. A good thing that I was there. Good, too, that I keep an

eye on whatever is happening. When I heard that shooting, I knew that something big was up. I took a look

outside and saw Lody's door bust open. When those rats tried to put the cops on the spot, I knew it was up to

Barney's bluster was rather painful to old Breddle, who was still thinking in terms of his lost diamonds.

Cranston, too, seemed bored by all the palaver. When Breddle decided to leave, the commissioner's friend

went along. In the foyer, Cranston paused to make a phone call, then went out to his limousine.

Inside the big car, he slid open the drawer beneath the rear seat and rapidly cloaked himself in black

garments. Watching from the window, he saw old Breddle turn the corner, walking toward the subway.

Opening a door with one hand, The Shadow reached for the speaking tube with the other. He spoke to the

"I think I shall remain at the Club, Stanley," said The Shadow. "See if you can overtake Mr. Breddle before

he reaches the subway. Tell him that this is my car, and that I instructed you to take him wherever he wants to

Stanley heard the slight slam of the rear door and started the limousine forward. It happened that the closing

door was on the street side of the car. The figure that left the limousine wasn't Cranston's. It was The Shadow

While Stanley thought that Cranston had actually gone back to the club, the doorman and others on the

sidewalk supposed that he had left in his limousine. Instead, The Shadow had taken up an unsuspected vigil.

Obscured in the opposite darkness, he was watching the entrance of the Cobalt Club!

A taxicab coasted into sight. It stopped when the driver saw a tiny red gleam from a special threecolored

flashlight. Moe Shrevnitz was the driver of that cab; The Shadow had summoned him through a call to

But even Moe was rather amazed to learn that The Shadow was spying on the Cobalt Club, the place to which

The reason was explained when a burly man with a tired derby hat stalked from the club and strode manfully

along the street. Instantly, The Shadow's light flashed green, but followed with a cautioning blink of yellow.

It meant that The Shadow was taking up a trail on foot, but wanted Moe to be close, ready if needed. The

Shadow had used that system frequently; hence the process offered no surprise. The astounding thing was the

The master of darkness was playing a long hunch. He was picking up the trail of Barney Kelm, the public

GREASE RICKEL was in an impatient mood. The living room wasn't large enough to hold him. Pacing back

and forth, he slashed aside the curtain of the wide doorway that led into a dinette. He kept on pacing through

Looking at Clip Zelber, Banker Dreeb gave a shrug. They could hear Grease yank open the door of the

electric icebox; they heard the rattle of ice cubes, the gurgle of liquid from a bottle. Grease was fixing himself

"Don't blame the guy," said Banker. "Why should he keep sober? There's not much chance that Fiveface

"I don't think Fiveface has lammed," returned Clip. "He's got a schedule, like he told us."

"Like he told us, yeah," repeated Banker, with a snort. "But that may have been the old baloney, sliced nice

"And playing us for suckers," said Clip, with a slow nod. "That's what Grease thinks, although he hasn't said

The two silenced, as Grease came storming back. Slashing the curtain shut with one hand, Grease gestured a

halffilled glass with the other. Turning, he took a gulp of liquor, then wagged a forefinger in emphatic

"Flush Tygert has pulled a runout," voiced Grease, thickly. "He'll clean up a couple of hundred grand out of

those rocks he grabbed from old Breddle. He won't ever show his face around here; his own, or any other "

A heavy thump interrupted. It came from the apartment door. Clip was the first man to reach it; as he opened

Flinging his glass aside, Grease started forward with a drunken lunge, trying to tug a revolver from his

pocket. Banker jumped in front to intercept him. Unable to guess what it was all about, Clip pulled a gun to

Banker had Grease under control and was shoving him to a battered sofa. Nudging the door shut, Clip

concentrated on Barney. Ordinarily, such a situation would have called for smart bluff work, but it was

useless, now that Grease had given things away. Clip came to the real point in a hurry.

"Hello, public hero!" he snapped. "Think you're a copper, too, don't you? Figured we were working with

Flush Tygert. Well, that means it's your own idea, or the bulls would have come here ahead of you."

"Suppose I told you that this joint was covered," he said, "with coppers all around, outside. What would you

"We'd put the blast on you," informed Clip, "and then shoot it out with them. Only, you haven't got those

Barney said nothing. He simply stepped to the table and picked up a greasy pack of cards. He picked out four

"Spread 'em out," said Barney. His voice had lost its boom and was taking on a drawl. "Show all of 'em,

His other paw showed sudden skill, as he made a deft sweep across the four cards. There they lay, spread

Only one other man could perform that gambler's trick to such perfection: Flush Tygert. To see it duplicated

by the seemingly clumsy hand of Barney Kelm was proof of the visitor's real identity.

Flush Tygert and Barney Kelm were the same. Like Jake Smarley, they were Fiveface. Crime's new

overlord was again with his lieutenants, displaying the third face in his collection.

"QUITE a surprise, eh?" chortled Fiveface, reverting to the boastful tone of Barney. "Maybe some of it

needs explaining, so here goes. First I was Smarley, then I was Flush. The next step was to be Barney Kelm.

"That's why I headed for the gym. But I couldn't shake The Shadow off the trail. It didn't worry me a lot,

though. I had my boxing stable close to Lody's just in case that joint would come in handy, some day."

The lieutenants began to understand. They realized how well the part of Barney Kelm fitted Fiveface. It

wasn't so much the matter of his disguise, though that detail was perfect. The important thing was that Barney

As a bookie, Smarley had kept his office in his hat most of the time, and was often hard to find. Flush, the

gambler, was in New York only between boat trips. Barney also traveled frequently, promoting fights

throughout the country, and his friends heard from him only at intervals. All such factors were a tribute to the

It was plain, too, that Fiveface had considered the welfare of his lieutenants, after he had robbed old

Breddle. First Grease, then Banker, finally Clip, had left the caravan, like tail men in a game of crack the

Simply carrying the burden himself was not enough for Fiveface. He had kept two thoughts in mind: to

eliminate The Shadow, and to pin the blame on persons who knew nothing about him or his lieutenants.

The crowd at Lody's were made to order for that little game. With another laugh, Fiveface described the

"I was Barney when I ducked out of the cab," he boasted. "I bluffed the hackie into keeping on around the

block. He thought I was still with him when he pulled up at Lody's. Meanwhile, I'd gone into the gym, by the

"I wish that Lody crowd had croaked The Shadow. I phoned the tipoff that started them in the right

direction. When I saw that The Shadow had ducked out on them, I figured I might as well make myself a

"So I gave the word to the boys, and they did the rest. I took the credit" Barney dug his thumb against his

chest "and I'm going to play it to the limit! Say if there's anybody that people will trust, it's Barney Kelm.

Both Banker and Clip agreed. Their doubts of Fiveface were completely dispelled. Eagerly, they looked

forward to further service with this crime master who had covered their part in such skillful fashion. The only

Rising unsteadily from the sofa, the oily faced lieutenant approached his chief.

"Listen, Fiveface," said Grease, thickly. "You're talking about the next job. What about the last one?"

"That's it." Grease shook his glass, which he had reclaimed. The glass clinked, and Grease eyed the ice cubes

that were in it. "I'm thinking about ice," he said. "Not ice cubes" he pointed to the glass "but another kind

Grease looked at Barney as though he expected the bigshot to disgorge a glittering shower. Barney shook

"I've just been with the police commissioner," he said. "I met a stuffedshirt friend of his, a guy named

Cranston. Old Breddle was there, too, and our pal Joe Cardona. I couldn't have lugged any sparklers along

"Suppose I'd pulled a handkerchief out of my pocket" Barney illustrated the statement "and spilled a lot

of Breddle's rocks on the table. Don't worry about the diamonds. You'll get your split on them, when the time

Pausing, Barney produced a roll of bills. He began to peel off currency of high denomination, but soon he

"There's a lot of leaves in this cabbage," said Barney, ruefully, "but they're mostly small. This is the wad I

used to bluff Breddle. I can let you fellows have a grand or so say twelve hundred bucks to pay off your

"The next job will be for cash. Real mazuma, and plenty of it! You'll hear from me when I'm ready, and it

will be soon. This dough" Barney distributed four hundred dollars each among the lieutenants "will hold

GREASE RICKEL was standing stockstill as he received his share. The oily racketeer was staring at the

curtain that blocked off the dinette. Grease thought that the curtain bulged; he remembered that there was

Lowering his gaze, Grease blinked at a patch of blackness on the floor. He thought that it formed a silhouette.

Actually, Grease's imagination was at work, but his guess happened to be correct. The Shadow was behind

The Shadow had overheard every word between the master crook and the lieutenants, and he had learned the

Jake Smarley, Flush Tygert, Barney Kelm those were three of the identities. A third crime was due, to be

maneuvered by Barney Kelm. Afterward, a fourth crime, by some new personality. Then the fifth face

Forgetting the future, The Shadow concentrated on the present. Barney Kelm was leaving; it was just as well

to let him go. Having found the three lieutenants, The Shadow could keep tabs on Barney Kelm.

Easing back from the curtain, The Shadow was turning away, toward the kitchen, when he noted that Grease

The Shadow waited; then, listening intently, he stirred the curtain. His lips gave a low whisper.

Both thugs looked toward the curtain. They heard creeping sounds beyond. Banker made a quick leap,

grabbed the heavy drapery, wrenching it from its hooks. As Banker sent the curtain to the floor in a tangle,

Figures were lunging through the dinette, to meet the drive. Fortunately for them, Clip tripped across the

curtain; otherwise he would have drilled his opposers. Losing his gun as he hit the floor, Clip was flattened

Men were rolling across the dinette, while a big voice boomed for them to quit the fight. Coming to hands

and knees, Banker and Clip saw Barney Kelm facing them, with Grease seated on the floor beside the

Barney and Grease had come around through the kitchen, to see if anyone was hiding behind the curtain. The

Shadow, hearing them, had lured Banker and Clip to an attack. The result had been a floundering fray

Grease was blaming Clip and Banker for the mixup; they argued that the thing was his fault. Barney put an

"There's nobody here," growled Fiveface. "Grease had too many drinks; that's all. But you fellows" he

swung to Clip and Banker "didn't use your brains any too well. Lay off the dumb stuff in the future!"

Fiveface stalked out, the lieutenants following, all eager to curry favor with the bigshot and have him

forget the misguided combat. The dinette looked quite empty; in fact, it was well lighted, because the glow

A singular thing occurred. Silently, the crumpled curtain uncoiled itself. Out of the fallen drape emerged a

figure clad in black: The Shadow. His ruse had deceived the crooks entirely. Caught between them, The

Shadow had wrapped himself in the curtain and tumbled with it when Banker snatched it loose.

His black cloak had not shown amid the snarl of dark velvet, which formed a sizable shroud when he had lain

on the floor. Fixing the curtain to resemble its former crumple, The Shadow glided to the kitchen just as the

Fiveface was gone; so was The Shadow. Their next meeting would come when crime was again on the

move. Then would be the time when The Shadow could trap the supercrook in deeds that would lay bare the

For the first time, the advantage would lie with The Shadow; but he did not regard victory as assured.

Uncovering Fiveface had been no simple matter; trapping him in crime might prove even more difficult.

THREE faces were staring at The Shadow from the table in his sanctum. They were photographs, all

There would be two more, and that fact made The Shadow ponder. Nothing had been heard of Barney Kelm

during the past week. Barney was still a public hero, yet he had vanished like Smarley and Flush.

People acquainted with Barney said that he had gone on the road to promote some prize fights. Despite his

bluster, Barney was a very modest and selfeffacing chap, his friends claimed. He didn't like to be in the

public eye. Too many people had pointed him out, so Barney had just dropped out of sight.

He knew how selfeffacing Barney Kelm could be; that the man was able to obliterate his identity entirely. It

was possible that Barney had dropped out of sight altogether. If so, The Shadow's plans for trapping a master

Reports from agents. The Shadow studied them beneath the blue glow. They were encouraging in one

The Shadow's agents were keeping close tally on Grease, Banker, and Clip. The lieutenants had spent nearly

all the money that Fiveface had given them, lining up thugs to be ready on call.

Checking on such activities was an easy matter for certain of The Shadow's agents. One agent, Cliff

For a long while, Cliff had been gunning for The Shadow and boasting about it to mobsters. Anyone who

could get away with such talk in the badlands necessarily had to be tough. Naturally, Cliff's immunity existed

Working on The Shadow's information, Cliff had met up with hoodlums who worked for Grease and Clip and

Aiding Cliff was Hawkeye, a clever spotter who could follow a snake's trail through the grass. Hawkeye

roved the toughest districts, spotting snipers who worked for Banker. His reports, though less frequent than

Did the activity of the spendthrift lieutenants mean that Fiveface actually intended new crime?

At their last meeting, the lieutenants themselves had expressed doubts about Fiveface. They had been ready

They trusted him again, this time implicitly. Yet there was a chance that Fiveface, playing the Barney role,

had bluffed his lieutenants, after all and had, at the same time, deceived The Shadow!

Grim, sinister, The Shadow's laugh throbbed through the sanctum. The bluish light went off with a sharp

The Shadow was not pleased by the idle week that he had spent. Unless this night developed something new

in crime, he would have to change his policy and carry through a search for Fiveface, rather than await the

Meanwhile, the evening promised one slight possibility. Perhaps a chat with Commissioner Weston would

produce a trifling result. So far, the law had been going around in circles looking for Jake Smarley and Flush

Tygert, always regarding them as separate individuals. Yet out of such a whirligig might come a flash of

REACHING the Cobalt Club in the guise of Cranston, The Shadow found the police commissioner poring

over some recent reports, that might as well have been blank papers. Inspector Cardona was sitting by,

Weston finished his review of the reports and was about to say something, when an attendant entered

"It's from Arnold Melbrun," stated Weston, after reading the message. "He wants me to meet him at his

office. He will be there in half an hour. He says that the matter is urgent. Perhaps Melbrun has learned some

Concluding, the commissioner invited his friend Cranston to go along to Melbrun's office. The Shadow

delayed long enough to telephone Burbank and learn that the agents had reported nothing new.

Arriving at the offices of the United Import Co., the visitors were received by Melbrun's new secretary,

Boland. He told them that he had heard from Melbrun, but knew nothing about the matter that was to be

discussed. However, after the visitors had seated themselves in the private office, Boland remarked:

"Mr. Melbrun received a specialdelivery letter just after he returned from Norfolk, this afternoon. It was

"Yes," nodded the secretary. "Mr. Melbrun put the letter with some other correspondence from Kelm. I

Before Weston could reply, the telephone bell rang. It was Melbrun, calling from his home; he had not been

able to leave there as soon as he expected. He wanted to talk to Weston, if the commissioner had arrived.

When Weston took the telephone, the first thing that Melbrun mentioned was the Kelm correspondence.

"Get those letters, Boland," ordered Weston. "Mr. Melbrun wants to talk about them over the telephone."

Soon, the letters were spread on the desk. In Cranston's casual style, The Shadow glanced over Weston's

shoulder and noted what the letters said. It was apparent that Barney Kelm had taken advantage of his

position as a public hero, as well as pushing his brief acquaintance with Melbrun.

In the letters, Barney proposed that Melbrun and five other wealthy men contribute fifty thousand dollars

each, toward the promotion of a championship prize fight to be held in the Middle West. Barney could

guarantee them a high return upon their money, so he said. A guarantee was needed to make the

Considering Barney's status, the commissioner saw nothing wrong with the proposal, and so stated to

Melbrun. Listening, with quite different thoughts, The Shadow learned that Melbrun agreed with Weston.

Melbrun's voice was audible through the receiver; The Shadow caught every word, along with Weston.

"Look at the last letter, commissioner," insisted Melbrun. "The one that came this afternoon. Kelm wanted us

all to bring our money in cash. I arrived too late to go to the bank, so I decided to wait until I heard from

"It seemed dangerous, having all that money loose. I wanted to tell Kelm so. If such men as Jake Smarley or

Flush Tygert should hear of it, they would attempt another of their daring crimes. Then it occurred to me that

"I was just about to leave the house," continued Melbrun, "when I received a call from Kelm. He tells me that

he is at the Hotel Clairmont; that the other five financiers are with him. They have all brought their money,

"Yes," returned Melbrun. "I told him to wait; to do nothing until I arrived. It will take me at least twenty

minutes to reach the hotel, commissioner. But you are nearer; you could get there in a quarter hour."

HANGING up, Weston turned to Cardona. The commissioner expostulated on the importance of the news.

Meanwhile The Shadow, glancing toward the window, saw a blink of lights below. Moe's cab had parked in

the side street; the driver was flashing a signal. Unnoticed, The Shadow strolled from the office.

"Suppose that crooks have been watching Barney Kelm," Weston was saying. "They might be watching him,

too, hoping on revenge because of what he did to them at Lody's. If so, they have learned of tonight's

transaction. Call headquarters, inspector, and order some picked men to meet us at the Clairmont. We must

Boland replied that the commissioner's friend had gone back to the Cobalt Club; that he would meet Weston

there later. The commissioner gave a contemptuous snort; then, as Cardona finished the headquarters call,

Before Weston and Cardona had reached the street, a cab was pulling away. Its passenger was Cranston, but

Weston would not have recognized his friend. Already, Cranston had become The Shadow. Garbed in black,

Reports from agents. The lieutenants who served Fiveface had suddenly begun to move. Driving separate

cars, the three were picking up thugs as passengers. As The Shadow listened, Burbank relayed a report from

Hawkeye. The spotter had learned where the crooks were heading to the Hotel Clairmont.

According to Arnold Melbrun, the Clairmont could be reached in fifteen minutes from his office. In Moe's

cab, with the speedy driver at the wheel, The Shadow expected to cut the trip to ten. Those minutes would be

Barney Kelm was already at the Hotel Clairmont, chatting with the five financiers who had brought fifty

thousand dollars apiece. Barney Kelm wasn't the public hero that the law supposed. He was Fiveface: Jake

Smarley, Flush Tygert and Barney himself, all rolled into one, the most dangerous master crook in all

Would Barney wait for Melbrun to appear? If he did, all would be well. If not, even The Shadow, with all his

speed, might be too late to prevent the theft of another quarter million by the public enemy who basked in a

FIVE men were seated in a little room on the mezzanine floor of the Hotel Clairmont, bundles of cash piled

in front of them. They had brought their money; they were waiting for Barney Kelm to finally sell them on

his proposition. A few details, certain guarantees, were all that had to be settled.

The financiers felt quite secure. This conference had been kept strictly private; it seemed impossible that

news of it could have leaked out. The doors of the room were bolted and the windows had grilled gratings,

Besides, the very presence of Barney Kelm was a guarantee of safety. These financiers did not share the

qualms of Commissioner Weston. They did not think of Barney as a man hounded by criminals. They

regarded him as a man who could settle crooks; for he had proven his ability in that line.

Down in the lobby were half a dozen of Barney's "boys," toughfisted pugs who would rally the moment that

their boss called them. The financiers had looked those young chaps over when they entered, and felt quite

There was a heavy knock at the door, repeated in the fashion of the signal. A grayhaired man opened the

door and admitted Barney. Wearing his derby hat, the smiling promoter strolled cockily to the table.

"I just called Melbrun," said Barney. "He was at his house, and he says he'll be coming down here. But he

came in late from Norfolk, and from the way he talked, I don't think he'll have his cash with him."

Sharp looks passed among the financiers. This was to be a strictly cash transaction; one man mentioned it,

"We don't need Melbrun," he decided. "This is a quartermilliondollar deal, and we've got that much right

Barney placed an old valise on the conference table. Oddly, it was the same valise that Flush Tygert had

carried away from the Diamond Mart. Old Breddle hadn't given a good description of that bag, so it excited

no suspicion. Still, it was curious that Barney should be using an item that might link him with Flush.

There was a reason. Like nearly every bigtime criminal, Fiveface was superstitious. As Flush, he had

lugged that valise through a very tough tangle of circumstances, and had wound up with a successful

getaway. As Barney, he wanted his luck to hold, and the valise was a good token.

In addition, Barney knew of only one person outside of Breddle who would recognize the valise. Barney was

thinking of The Shadow. He was positive that on this occasion the cloaked fighter would not cross his path.

From the valise, Barney took stacks of papers that looked like contracts and handed them around the circle.

Strolling across the room, he stopped near a side door and took a cigar from a box that lay on a table.

Lighting the perfecto, Barney leaned against the door and let one hand steal behind him.

He was sliding back the bolt, leaving the door unlocked. Thus, he was opening a route by which others might

enter, when he called them. The room, therewith, would have two exits, for the front door was merely

Surprised exclamations came from the men about the table. The documents that Barney had given them were

merely blank contracts, specifying nothing regarding the promoter's proposition. Hearing queries, Barney

He was stepping forward, reaching in his pocket. From behind him, Barney heard a slight creak of the door.

The thing that he drew from his pocket wasn't a contract, but it was quite the thing to seal a bargain. It was a

.45 revolver, that Barney flourished under the noses of the astonished financiers.

BEFORE the group could come to their feet, two other men entered the room. They were thuggish men,

illclad, who wore handkerchief masks across their faces. Like Barney, they carried revolvers, but of a lesser

Though Fiveface still preferred a big smokewagon, for the show it made, he had instructed his lieutenants

to let their trigger men bring whatever weapons they chose. Big guns hadn't proven their worth during the

battle in the old arcade, wherein The Shadow, almost singlehanded, had routed fighters who carried

The two men who now flanked Barney were ordinary thugs, delegated to this duty. Clip Zelber had provided

them, but with instructions that, whatever happened, they were to blame the mess on Barney Kelm.

Their eyes, peering through the masks, showed surprise when they saw that they were actually siding with

Barney. They had taken Clip's instructions to mean that they were framing Barney, not helping him.

But when they glanced at Barney, they understood. His face didn't wear the smile that went with his pose of a

public hero. Bearing down upon the cowed financiers, Barney was showing an ugly leer that was quite out of

character. With his present manner, Barney could have kept the financiers under full control without any

However, Barney had other work to do. He told the masked men to herd the victims into a corner. Quaking,

the financiers retreated, leaving their money on the table. Stacking the piles of currency into the valise,

"Stay just as you are, gentlemen," he sneered, "but put your hands in back of you. My men are going to tie

you up. Don't try to make a break, because" he gestured toward the side door "we have a few more on

At Barney's back, the door swung open to admit another pair of gunmen. The first two put their guns away;

brought out coils of wire and rolls of adhesive tape from their pockets. Bundling the victims together, they

Barney opened the front door of the room and sidled through, pushing the valise ahead of him. He poked his

"Blame me for this," he chuckled. "Anybody would turn crook, if the stakes were big enough. That's the

Barney halted, staring at a window straight across the room. Outside the pane, he could see the dull gleam of

the bronze grille. It seemed to blacken as Barney watched it. He didn't like the looks of the thing; it reminded

The Shadow wouldn't be at that window. There was a little balcony outside; one that extended away from the

window's edges, and therefore offered a good lurking spot. But the bars weren't the sort that could be filed or

It would be funny, Barney thought, if The Shadow really happened to be out there. When Barney reached the

street, he would signal his lieutenants and point out the balcony. The Shadow would be a fine target, on that

Unwittingly, Barney pushed the door a trifle wider, exposing the valise that he carried, though he didn't know

Chuckling, Barney visualized the room just as he had left it: Five prisoners in the corner, being bound by two

The window did not matter; not in Barney's calculations. Nevertheless, the window was to prove important.

HARDLY had Barney stepped from sight before darkness shifted away from the bronze grille. Something

still remained near the bottom bars a roundish object, that gave a slight sputter.

Barney would have noticed that tiny squidge of light. But the thugs who had taken over for him were not in

Fiveface was wrong, when he supposed that it would take a long while to crash through the heavily barred

A huge flare of light blazed beyond the darkened pane, lighting the room vividly, along with the outdoor

scene. The gush of brilliance was accompanied by a huge roar the explosion of a powerful bomb that

twisted metal bars into hanging strands. Smashing inward, the blast blew the window into fragments, turning

Like the men who were binding them, the prisoners in the corner were flattened by the powerful concussion.

The masked guards at the side door were staggered. They clawed at the handkerchief masks that slipped

across their eyes. They didn't see the figure that came from the outer shelter of the balcony, leaping through

They heard him, that challenger who had blasted his way into the scene of crime. They recognized him by the

laugh that quivered, a fierce, challenging crescendo amid the echoes of the bomb's explosion.

Only one fighter could deliver such strident mockery, the taunt that all men of evil dreaded.

A SWEEP of blackness in a room where lights seemed dim. Such was The Shadow, as he wheeled beneath

Though half shaken from its moorings, the chandelier still had lighted bulbs; but their glow was feeble to the

The brilliance of the blast had dazzled everyone, except The Shadow. He had held his cloak across his eyes,

out on the balcony, while the short fuse was completing his brief fizz. He had counted upon dazzling the

crooks; otherwise, he would not have made his tremendous entry, with the lives of five prisoners at stake.

Some of the financiers were bound, and the rest were practically helpless. So The Shadow went to their

rescue, first, completing it in rapid style. The thugs who were doing the binding had put their guns away; they

had barely managed to get the weapons from their pockets, when The Shadow was upon them.

He settled that pair with hard blows from his guns. Shots would have betrayed his position, and he wanted no

firing in this direction. Thugs at the door across the room were still wondering where The Shadow was. Half

blindly, they turned toward the ruined window, supposing that he was keeping to its shelter.

Instead, The Shadow was skirting wide along the front of the room. Again, crooks heard his laugh, almost at

their elbows. They turned, tugging their gun triggers, trying to aim pointblank at swirly blackness.

The Shadow was on them before they fired. He sledged the pair out through the door, driving them as human

Guns roared at close range. New gunmen, who could see to fire, drove their bullets home. But it wasn't The

Shadow who received those deadly slugs. The shots found the thugs that he had shoved ahead of him. His

guns, blasting in reply, sent sizzling bullets past the human shields and clipped the marksmen beyond them.

There was the sound of bodies tumbling down the stairs; shrieks that turned into groans.

Wheeling full about, The Shadow saw the room again. He hadn't heard the front door rip open, but he

guessed that it would be wide. On the threshold stood Fiveface, still in the guise of Barney Kelm, aiming his

big revolver, hoping to find The Shadow. He heard the tumble of bodies, saw the swirl of returning

Fiveface dodged as he fired. The shot from his .45 went wide. Like the mobbies who had perished in his

service, crime's overlord was learning that a heavy gun couldn't be handled quickly enough in combat with

The Shadow. With a smaller weapon, he might have been able to jab in a telling shot as he made his dive.

He was smart enough, however, to yank the door with him as he went. Otherwise, The Shadow would have

clipped him. The heavy door took the bullets that The Shadow meant for Barney and splintered big chunks

Fiveface had reached a stairway, leading down from the mezzanine. He had left the valise at the top, and

Pausing, the cloaked pursuer motioned for the rescued prisoners to follow, which they did, some tugging

Dashing down the stairs, The Shadow saw Barney darting across the lobby, still lugging the valise. Barney

was shouting something, and as The Shadow aimed, a flood of punching men flung themselves in the way.

They were sluggers, those boys from Barney's stable, but they couldn't reach The Shadow with their punches.

Weaving among them, The Shadow made long sweeps with his arms, and his guns gave him a much longer

reach than his opponents. Barney's boys were bouncing all around the floor, and Fiveface did not wait to see

He was gone, with his valise out through the rear exit, just as Commissioner Weston and Inspector Cardona

came in through the front of the lobby, followed by a squad of headquarters men.

IT was a puzzling sight: The Shadow scattering a crowd of earnest boxers, who had so recently proven their

ability to aid the law. One of those cases wherein The Shadow might have been mistaken for a crook; for

there had been times when men of crime had donned black cloaks and hats, solely to confuse the police.

But The Shadow had foreseen a circumstance such as this, and had provided for it.

Hearing wild shouts from the mezzanine, Cardona looked up and saw five frantic men, who could only be the

financiers that Melbrun had mentioned in his phone call to Weston. They were yelling something about

As The Shadow turned toward the rear of the lobby, Cardona beckoned to his men and gave the word:

The police followed The Shadow through the exit, spilling rising boxers who tried to stop them. Reaching the

There wasn't a sign of Barney, nor of The Shadow. But the cloaked fighter suddenly denoted his presence, by

opening fire from across the way. The Shadow had made for the opposite darkness, to wait until crooks

Again, the lieutenants who served Fiveface were trying to spring a surprise on the police, and The Shadow

was turning the game on them. The crooks didn't wait around, when they recognized the laugh that came with

Only a handful still remained on the scene; the usual brand of smallfry who could be sacrificed to save the

Police were spreading, to deal with those scattered foemen. Picking spurts of thuggish guns, The Shadow

supplied timely shots that picked off the nearest snipers. The rest took to flight, with Cardona's men in full

This time, Fiveface had made a rapid getaway, probably to a car parked in another block. In his hunt, The

Shadow was joined by Cliff Marsland and Hawkeye, who had been on the outer fringes of the mob and had

filtered through when the cars sped away. Cliff only remembered the lieutenants and their cars, but Hawkeye

It had sped away during the brief fray in back of the hotel, and while Hawkeye hadn't seen Barney Kelm, he

had heard someone running toward the car in question. Hawkeye's testimony settled the problem of

Fiveface. The master crook had completed escape, along with robbery, despite The Shadow.

Hearing spasmodic firing from the street that fronted the hotel, The Shadow started in that direction to take a

Arnold Melbrun had just reached the hotel, and was stepping out of his car. Melbrun wasn't alarmed by the

excitement, until a pair of thugs bobbed into sight and flung themselves upon him.

They wanted Melbrun's coupe and were trying to slug him, to get the keys he carried. Melbrun had a heavy

cane with him and tried to ward off the attack. People from the hotel were jumping in to help him, and with

It was Joe Cardona who brought the real rescue. He had been chasing the thugs, and he was close enough to

grab one who was shoving a revolver against Melbrun's ribs. Hotel attendants captured the other hoodlum,

He asked what had happened, and Cardona told him. All the while, the captured thugs were snarling at

detectives who had taken charge of them. All that the thugs would mention was the name of Barney Kelm.

"Sure, we was working for Barney," voiced one. "So what? He got away, didn't he? He was lucky and we

THE financiers were crowding about Melbrun, bewailing their ill luck. Commissioner Weston joined them

and explained that if they had shown the same judgment as Melbrun, their money would be safe. But

"I suspected trouble," he said, "but not from Kelm. I would have trusted him fully. I still have my money,

commissioner, but only because the bank was closed when I arrived from Norfolk."

Blood was trickling from Melbrun's forehead, where one of the thugs had given a glancing blow with a gun.

When Weston offered to have a detective drive him home, Melbrun gratefully accepted the offer.

The coupe pulled away, with Melbrun leaning back beside the driver's seat. Turning matters over to Cardona,

By then, The Shadow had glided away toward a solitary taxicab parked down the street. His next destination

was the Cobalt Club, where, as Cranston, he would hear Weston's version of new crime.

But The Shadow was looking beyond this night, to a time when Fiveface, no longer Barney Kelm, would

Despite handicaps, The Shadow had nearly ruined the robbery at the Hotel Clairmont; but he knew that

Fiveface, overconfident because of success, would not admit the fact. The Shadow was sure that the master

One move more could be one too many for the intrepid criminal who had dared The Shadow's might!

THE evanishment of Barney Kelm was no more singular than the disappearances of Jake Smarley and Flush

Tygert. By this time, the public was getting used to crooks who staged one big thrust and then evaporated.

It was all very plausible. Nobody in the underworld had ever rated Smarley high. Though he fluked his

robbery at Melbrun's, he had managed to hide himself completely away; therefore, a smarter crook, like

Barney Kelm was a different sort of case. A professor was writing a book about him, using long words, like

egocentrism and megalomania, to show that acclaim had gone to Barney's head and twisted his brain. Public

hero or public enemy, only a hairbreadth separated them, according to the professor.

All this was a tribute to Fiveface, though neither the public nor the professor knew it. The master criminal

had done far more than disguise himself facially. He had established and effaced three different personalities

In fact, Fiveface had his lieutenants guessing. Gathered in their shabby apartment, the three were

"It's been three days, now," argued Grease, "and we haven't heard a thing from the guy. It's giving me the

"Because we need dough," put in Clip. "Fiveface knows it. He's got dough, too, from the last job. Two

"The cash is hot," he stated. "Those Wall Street guys gave Barney big bills right out of their banks. They

didn't expect Barney to grab the mazuma, but they had the numbers listed, just the same."

"We need dough," he insisted. "We've had to hire some new torpedoes, to be ready for the next job. What are

"They'll wait," returned Banker. "Take that guy Cliff Marsland, for example. We were smart, hiring him. He

wants to get in a lick at The Shadow, and knows we're the fellows who can put him in line for it.

"The little guy, Hawkeye, is another good bet. Dough doesn't worry him. He gets lonely unless he's trailing

somebody, and we've promised him a lot of work, which is what he wants. Say I'll bet Hawkeye could even

"You'd better put him on the trail of some hamburgers," snapped Clip. "We won't be eating after tonight,

Banker was looking at the newspaper. His eyes, narrowing, showed a gleam, as he heard what Grease said.

"Something on the side," remarked Banker. "Say that isn't a bad idea. While Fiveface is going after

The others thought that Banker was trying to be funny, but he wasn't. He showed the newspaper and said:

Clip chuckled as he put the question. He was looking at a row of three photographs, showing Smarley, Flush

"I don't mean those photos of Fiveface," said Banker. "Over here, Clip, on the other page. This glamour boy

THE picture showed a man with a foreign face, high aristocratic nose, thin lips that had a bored droop at the

corners. Count Fondelac fitted his name; he looked like a nobleman. His age was problematical. He could

have been called a young man who looked oldish, or an old man who looked youngish.

"His nibs is stopping at the Hotel Bayonne," declared Banker, "a very exclusive place. You couldn't walk

through the lobby without a dress suit, but I'll bet it would be easy to sneak in the back way."

"To rob the guy?" demanded Clip. "Counts and such don't have a dime; not the sort that hang around New

"Count Fondelac is engaged to Albertina Adquin," continued Banker, referring to the newspaper. "You've

heard of that dame, Clip. She's had three husbands, worth about ten million bucks apiece. Now she's buying a

Clip brightened instantly, and Grease showed sudden interest. It was Clip who queried:

The three men scanned the newspaper eagerly. They learned that Count Fondelac was to be the guest at a

reception in the Adquin mansion at ten o'clock in the evening. It was only half past seven, which gave them

Leaving the apartment, they contacted men across the street, told them to follow in another car. Among the

small group of hirelings were Cliff and Hawkeye, who had worked themselves into the service of the gang

It wasn't until they stopped near the Hotel Bayonne that The Shadow's agents learned what the game was to

be. Banker Dreeb had taken charge; he posted Cliff and others near the rear of the hotel, and sent Hawkeye

ahead to reconnoiter a route to Fondelac's hotel suite. During that trip, Hawkeye performed a double job.

Not only did he find a service entrance that connected with a rear stairway; he crawled out through a window

and took a passage to the front street, where he sneaked up to a taxicab that had parked in the hack stand.

Moe Shrevnitz was the driver of that cab; he had trailed the cars after they left the old apartment.

Small, hunchshouldered in manner, Hawkeye poked a wizened face in through the cab window and gave the

facts to Moe. By the time Hawkeye was sneaking back to join Banker and his companions, Moe was driving

away to put in a call to Burbank. The way matters were fixed at present, such a call would bring The Shadow

Hawkeye made a lengthy report that stalled the expedition for several minutes. Having finally impressed the

details on Banker, Hawkeye joined the cordon, taking the next post to Cliff's. Both agents watched Banker

The waiting period seemed long, though it was a very few minutes. There came a whisper from the darkness,

one that drew Cliff and Hawkeye close together. They couldn't see The Shadow in the gloom, but they could

sense his presence. Hawkeye gave the necessary details; a cloaked figure glided forward.

There was dim light near the service entrance. It had shown the gang lieutenants plainly when they entered.

But The Shadow passed that hazard, observed only by his own agents. To others, posted by Banker, the

blackness that glided beneath the light was nothing more than a flicker of the light itself.

THE SHADOW quickly made up the few minutes that he had lost. When he reached Fondelac's floor, he saw

a valet come out from the suite, and knew from the man's manner that nothing could have happened yet.

Choosing the next door, The Shadow picked its lock with a tool that resembled a tiny pair of tweezers. He

From there, The Shadow looked into a lavish living room. He saw the count standing in front of a mirror,

admiring his evening clothes. From a vase of flowers, Fondelac tried to choose one which suited his present

mood. Had he continued to look into the mirror, he would have noticed something that The Shadow saw.

The window in another room was opening. Into the darkness of the room came three men, one by one.

Coolly, The Shadow drew an automatic from beneath his cloak. His doorway had a perfect background of

almost solid blackness. Since crime was in the wind, The Shadow was quite willing to abolish a few of

Still, he was hoping that things might work out. These crooks would be satisfied with carryover money;

As the crooks moved in on the unsuspecting count, The Shadow's hopes were dwindling, for he could see

eagerness in the eyes of the men who planned the abduction. As Fondelac happened to glance into the mirror,

Then, with a sweep, The Shadow slid the weapon beneath his cloak and eased back into the darkness!

Whatever happened, The Shadow was willing to be a mere witness to the affair. Count Fondelac had seen the

mobsters in the mirror, and his face had registered an expression that was sufficient for The Shadow.

This was to be crime with a most curious twist, that promised the very results The Shadow wanted!

HIS fingers placing a flower in his buttonhole, Count Fondelac let his sleek hands turn palm forward. They

were not only empty, they were practically raised, when he happened to turn in the direction of the invaders.

Seeing the three crooks, Fondelac gave a gasp to denote surprise and let his hands move slowly apart. He

stood quite helpless, and made no effort to change his predicament. Except for the trifling gasp, the count

"Why so, m'sieu'?" queried Fondelac, in a rather mild tone. "I already have an engagement."

"Yes, and you can keep it," declared Banker, "provided that you can make the future countess listen, when

you call her on the phone. We're going to hold you until she coughs over some big dough, pretty boy!"

"Dough?" Fondelac looked puzzled. "Ah, oui." He nodded. "You mean money. What is it we shall do play

"That's it," put in Clip, giving Banker a nudge. "We want to deal you in on a poker game, over at our place. If

you lose, you can call up your girl friend and tell her to send over what you owe us."

Grease was grinning from the background. He was beginning to see how this kidnapping job could be

managed without Fondelac ever realizing what it was. Apparently, the count thought that poker parties were

"I shall go," decided Fondelac. "But there is one thing which I must remind you. I have played this game of

poker" he gestured toward a table and a pack of cards upon it "and I have found one thing strange."

Fondelac was reaching for the cards. Guns nudged close to him, in case he reached for one of his own. But

the visiting crooks weren't expecting trouble from the count. They simply thought it best to humor him, to

"There is a hand like this," said Fondelac. He counted four clubs face upward on the table. "But it is not

Laying the pack aside with his left hand, he swept his right over the four clubs. The bunched cards spread

apart; in their midst was a fifth club. In perfect fashion, Count Fondelac had executed the stunt that Flush

Guns lowered in the hands that gripped them, as though the sheer weight of the weapons had carried them

down. Three astounded thugs had lost their muscular control, though one of them, Grease Rickel, still had

COUNT FONDELAC gave a grin that was anything but aristocratic. It was the grin that belonged to Barney

Kelm. When he spoke again, he used a drawl that was reminiscent of Flush Tygert, though there was

"I was going to call you tonight," said Fiveface, "after I got away from this shindig that Albertina Adquin is

throwing for me. It's kind of tough, being Count Fondelac. I have to stick around Park Avenue. It would look

He gestured for his lieutenants to sit down. Then, stroking his chin, Fiveface remarked slowly:

"A cute idea, trying to kidnap me. Only, it wouldn't work. That fool Albertina would call up all the lawyers in

town, and hire a special train to bring the F.B.I. in from Washington. No, I'd better go through with the next

"Not a chance," returned Fiveface. "All she'd ever hand me would be allowance money. I started this

Fondelac racket one time when I was abroad. There was a real Count Fondelac, and he faked it for me to be

"I paid him, of course, and he did what I expected. Finished himself off by drinking absinthe as fast as he

could buy it. So I became Fondelac when I wanted to be and it was worth the price. You see" he gave a

broad smile "Fondelac and Flush often traveled on the same boat. A good out, in case of trouble."

"By accident," replied the fake count. "I thought it was a good break, but it didn't turn out that way. I've got to

"Like you did the other faces," nodded Banker. "What's the next job to trim the dame out of a lot of

"It won't work," replied Fiveface. "No, the racket is this: I rate high as Fondelac, and a lot of people think I

already have nicked the dame for plenty. Tonight, I'm going to put the clamps on some guy with plenty of

dough, and hook him. I'll sell him fake bonds, telling him that Albertina gave them to me."

"The same as usual. If the guy gets wise, I'll have to lam like I did before. It means a coverup, because if the

Lieutenants showed their approval of the scheme. While they were nodding, Fondelac drew some money

"That will carry you over until tomorrow night," he said. "I don't know who the dub is going to be yet, but I'll

pick one out at the reception. I'll add the take to the rest of the loot, and we'll split afterward.

"I couldn't keep the stuff around here, not with the snoopy valet that I hired. Don't worry, though. I've got it

stowed away, and I know how to freeze the hot stuff. So let's have a drink before I start to the reception."

Fiveface folded back a screen, to display a miniature barroom, with an array of bottles and glasses on

WHILE Count Fondelac was mixing drinks for his uninvited friends, The Shadow left the suite by his own

There, instead of leaving through the service entrance, The Shadow peered into the hotel lobby. He saw the

porter's room, empty and dark as he expected. In hotels like the Bayonne, the porter was seldom in his

Crossing the dim lobby of the Bayonne was easy for anyone inside the place, since only the doorman kept

Reaching the porter's room, The Shadow used his tiny flashlight and found exactly what he wanted: a

cardboard box of the size used by florists. Removing his cloak, hat, and other accouterments, he packed them

He was Lamont Cranston when he stepped from the porter's room, the box beneath his arm; but the clerk did

not notice his arrival until he was almost at the desk. Seeing a gentleman in evening clothes, the clerk

Giving Cranston's name, The Shadow asked for Count Fondelac. The clerk called the suite where Fiveface

was entertaining his lieutenants, and soon announced that Mr. Cranston could go upstairs. Before turning to

"Kindly call the Cobalt Club," he requested, in Cranston's style. "Ask them to send my limousine over here.

And by the way, will you turn this package over to your doorman and ask him to deliver it to my chauffeur?"

Upstairs, Fiveface was stepping out from behind the bar, which filled an alcove in his living room. He was

urging his lieutenants to finish up their drinks. Gesturing to the alcove, he added:

"Get in here, all three of you, and keep quiet. I know this fellow Cranston; he's worth a few million bucks,

and he's been invited to the reception. That's why he's stopping by. Watch me handle him."

The lieutenants moved behind the bar. Fiveface pulled the screen in place, completely hiding them, though

they were able to see through the cracks and watch what happened in the living room.

There was a buzz from the door. Fiveface answered it. Immediately, he was Count Fondelac, sophisticated

of face, bowing in manner, as he shook hands with the gentleman whom he addressed as "M'sieu' Cranston."

Behind the screen, the lieutenants watched in admiration. It was impossible to guess that Fondelac was

anyone other than himself. The same applied to Cranston, though they did not guess it.

Here was a historical meeting: The Shadow, foe of evil, shaking hands with Fiveface, master of crime,

Fortunately, only The Shadow knew the full details of the situation. Neither Fiveface nor the others guessed

Posing as Cranston, The Shadow invited Fondelac to ride with him to the reception, and the count agreed to

go. But behind the mask of Fondelac, a keen brain was at work, and The Shadow knew it. He had expected

"Ah, M'sieu' Cranston" Fondelac's tone had a pleasant purr "this is one excellent meeting. You are the

man who can tell me what I wish to know. I have some French government bonds, which Albertina gave me,

of which I must dispose, since Albertina insists that I never return to la belle France.

"Perhaps they would be a good exchange for some American securities. But I know nothing" he shrugged

"of your investments here. I may lose money, but pouf!" He snapped his fingers. "What is money to me,

The question was logical enough, and provided its own answer. No one ever thought of Albertina Adquin

except in terms of money, and that in big figures. As Fondelac expected, Cranston showed immediate

He asked more about the bonds. Fondelac recalled their year of issue, and finally set a price on them, which

was about two thirds their actual value. What he did not mention was the fact that he had already told his

"Suppose we meet tomorrow night," suggested Cranston. "We can get together at the Cobalt Club, say about

eight. Bring the bonds along, Count, and I shall have some American securities to show you."

THE two were talking in hundredthousanddollar terms, as they left the suite together. It was Fondelac who

closed the door; his face dropped its suavity, as he grinned back toward the screen and gestured to the hidden

Cranston had set the place, even the hour, which was all the lieutenants had to know. As soon as the door

went shut, they came from hiding. Pushing back the screen, Banker suggested that they have another drink

"We'll do a sneak from here," declared Banker, "and get the mob away. This Fondelac stunt is the best bet

Outside the hotel, two members of the picked mob had sneaked away from the rest. Cliff and Hawkeye were

conferring in an alleyway, wondering why they hadn't heard from The Shadow. The lapse of time made them

think that Fondelac had been abducted, and that The Shadow had run into grief trying to save him.

Suddenly, Hawkeye gripped Cliff's arm, pointed from the mouth of the alley to the front of the hotel. The

Shadow's agents stared in utter amazement at two men who came from the main door and entered a waiting

One was Lamont Cranston, otherwise The Shadow. He was arm in arm with a suavelooking friend, who

could only be Count Raoul Fondelac. Rescuer and victim were leaving the Hotel Bayonne as if nothing at all

There was added mystery when the agents rejoined the mobbies and found that the lieutenants had returned.

It was Banker who simply said that the job was off and that the crew could have cash that had been promised

That Fondelac was Fiveface did not occur to Cliff and Hawkeye. The fact would have puzzled them even

more, considering Cranston's friendly departure with the pretended count. It would have told them, however,

With The Shadow and Fiveface matching wits in each other's company, anything might happen!

IT was late afternoon and Commissioner Weston was leaving his office, accompanied by Lamont Cranston.

All afternoon, Weston had been talking to the financiers who had been robbed by Barney Kelm, trying to get

With the Barney matter a total blank, Weston decided to check on previous cases, as a matter of routine, even

"We'll go to Breddle first," said the commissioner, "and see if anyone at the Diamond Mart can remember

anything about Flush Tygert. After that, we can drop in at Melbrun's office and thrash over the case of Jake

The Shadow smiled at the commissioner's use of the word "thrash." The term "hash" would have been better.

Nevertheless, The Shadow was willing to encourage Weston. He wanted the commissioner to be in the proper

mood for the coming evening, when The Shadow intended to introduce the law to Count Fondelac and

surprise the pretended nobleman in a fashion that would end his career as Fiveface.

THE trip to the Diamond Mart took more than half an hour. It was nearly six when the commissioner and

Melbrun was planning a trip to Buenos Aires, to open up new channels in South American trade. He had

"I'll be tied up here for the next couple of hours," said Melbrun. "Suppose I see you tomorrow, commissioner.

Of course, if the matter is important, I could stop by at the club this evening."

"It is not important," returned Weston. "Besides, I shall not be at the Cobalt Club tonight. I have been invited

"Why not stop off anyway, Melbrun?" inquired The Shadow, in Cranston's fashion. "I happen to have

"Some French government bonds," replied The Shadow. "I intend to exchange some American securities for

them. I would like the opinion of a man versed in international exchange. You are the very person, Melbrun."

Melbrun agreed to be at the club soon after eight o'clock. The visitors left, and Weston promptly inquired

why Cranston happened to be buying foreign bonds. The Shadow mentioned that he was purchasing them

"I might suggest that you slip away from the banquet shortly before eight," added The Shadow. "I would like

"Because I don't trust Fondelac," was the reply. "It would also be an excellent idea to have Inspector Cardona

outside, with a picked squad. But impress upon him that he is to restrain himself. Fondelac is very clever; he

might have friends on hand to warn him if police were about. The fellow strikes me as being an experienced

The thing intrigued Weston. Watching the commissioner, The Shadow noticed his flickers of expression and

read them correctly. Weston did not, in any wise, class Count Fondelac with such crooks as Smarley, Flush

and Barney. Therefore, the commissioner could be depended upon to handle his part of the job in smooth

Weston could be smooth enough under proper circumstances; and that applied to a chance meeting at the

Cobalt Club, where the commissioner was a member and therefore likely to drop in at any time.

Dropping off at the club, The Shadow strolled about, looking over strategic spots. He knew that tonight's task

would be no setup. It wasn't just a case of dealing with a smart swindler, as The Shadow had led Weston to

believe. Fiveface would have his usual quota of reserves, headed by his three lieutenants.

The master crook was anxious to dispose of the Fondelac personality; to efface it forever, as he had three

others. He wouldn't care if he identified himself with mobbies in a spectacular style. The law had not guessed

Fondelac, of all people, would never be linked with Smarley, Flush or Barney, no matter how he staged the

In looking over the setting, The Shadow remembered that his agents would be present, as actual members of

a crooked horde. He saw ways in which they could play a part. When he called Burbank, The Shadow

Others, too, were given orders. Harry Vincent, long in The Shadow's service, was an agent who could come

to the Cobalt Club at Cranston's invitation. Clyde Burke, a reporter on the New York Classic, was another

who could logically be in this neighborhood. As for Moe, he and his cab would certainly be on hand.

Down the street was a small apartment house where a uniformed doorman could take a post without exciting

suspicion. Tenants in the building would merely think that the management had decided to make the place

fashionable. So The Shadow ordered Burbank to contact Jericho, a big African, and tell him to put on a fancy

Fiveface would be walking into a double mesh when he came to the Cobalt Club as Count Fondelac. The

DINING as Cranston, The Shadow forgot the clock. Fondelac was to arrive at eight, the hour that The

Shadow had set for Melbrun. If anything, the count would probably be late, in keeping with his rather

Hence it was a mild surprise, even for The Shadow, when an attendant entered the grillroom, at quarter of

The grillroom was the proper meeting place. Telling the waiter to clear the table, The Shadow gave word to

show Count Fondelac downstairs. When Fondelac arrived, he saw Cranston rising from the table, holding a

"Sorry to be early," purred Fondelac. "But it is on account of Albertina. She insists that she must go to the

theater this evening. So instead of coming at eight o'clock, I find that I must leave by then."

There wasn't a slip in Fondelac's manner to indicate that he had obtained any knowledge of The Shadow's

preparations. It might be that his mention of Albertina was the truth, and not an alibi. In his turn, The Shadow

was very careful to give no indication that he wanted to hold Fondelac past the hour stated.

Fiveface produced the French bonds. They were very clever counterfeits, but they did not deceive The

Shadow. He had been to his bank that afternoon and had examined French bonds thoroughly. Glaring from

Fondelac's bonds were various errors, tiny to the ordinary eye but magnified to The Shadow's gaze.

In the detection of false securities, The Shadow had no equal. At Cranston's home in New Jersey he kept a

collection of counterfeit stocks and bonds, trophies of his battles against crime. He had gone over them

There had been none in The Shadow's collection, though he had many varieties of worthless paper. At least,

Fiveface was using judgment in peddling a new brand of counterfeit, which had never before been foisted in

America. But The Shadow's inspection of genuine French bonds enabled him to know that Fiveface was

Fiveface was supremely clever. Smart enough, in fact, to change his game at the last minute. The Shadow

had foreseen that the crooked count might even walk in with genuine bonds, if he suspected Cranston's bait.

To make this transaction complete, The Shadow had to be sure that the bonds were counterfeit, before he

Fondelac rated the bonds at two hundred thousand dollars, a third less than their face value. They were an

issue that was soon to mature, and the French government would surely meet its obligation, Fondelac

insisted, despite wartime conditions. Apparently convinced that the deal was a good one, The Shadow opened

He spread various issues in front of Fondelac: stocks in copper mines and established oil companies; bonds

guaranteed by large, thriving concerns. He even helped Fondelac pick out the ones that seemed best. Then, in

"But this is only my opinion, Count. For your benefit, I have invited a gentleman named Arnold Melbrun to

There wasn't the slightest change on the face of Fondelac. His expression indicated that he had never heard of

Melbrun. In fact, The Shadow did not expect such mention to bother Fiveface. But there was another reason

"I must keep my engagement," the crook insisted. "I am sorry, but I cannot remain to meet your friend

"Arnold Melbrun," repeated The Shadow. "He should be here at any moment. Wait, Count here he is!"

IT wasn't Melbrun who stepped into the grillroom. The arrival was Commissioner Weston. Again, The

Shadow was watching the features of Fondelac; they were not at all perturbed. In fact, Fiveface simply gave

"It is one honor, M'sieu' Commissioner," said Fondelac, with a profound bow. Then, turning to The Shadow:

This time, The Shadow caught a sudden gleam from the eyes of Fondelac. Fiveface was watching Cranston

put away the French bonds. On the table lay Cranston's securities, double the amount that the trade required.

To give Fondelac his choice, Cranston had brought negotiable stocks and bonds that totaled considerably

Would Fiveface walk out with only half of those, letting the transaction appear bona fide until the fraud of

Or would he show his hand in full, by seizing all of them and taking to headlong flight, as he had done on

The Shadow already knew the answer. Fiveface would swallow the full bait. Nevertheless, he knew the risk

and sensed that this might prove a trap. To some degree, he had to play the role of Fondelac; even more, he

It was Weston who paved the way for Fiveface. Turning to The Shadow, the commissioner remarked in a

"Inspector Cardona is coming here, Cranston. I told him that I wanted him to wait outside for Melbrun. I've

Weston meant what he said. Rather than crimp the Fondelac matter, he had actually told Cardona to look out

for Melbrun. The commissioner did not realize that such instructions could nullify the trap, so far as the law

Like a flash, the slowmoving Fondelac became a human dynamo. With a sweep of his left hand, he scooped

all of Cranston's bonds from the table and jammed them underneath his coat. Spinning toward the stairway,

There was a murderous glint in the eyes of Fiveface, as the supercrook began his sensational departure. He

was ready to kill if either Commissioner Weston or Lamont Cranston made a single gesture to halt him!

UNTIL that instant, Fiveface could not have known that Cranston was The Shadow. If he had, he would

have shown his hand before. In all his guises, Fiveface had encountered stern opposition from The Shadow,

Had Cranston's hand gone for a gun, Fiveface would have known what it meant. His own revolver already

drawn, the master crook would have been prompt with the blast. It was impossible, under present conditions,

Such a move, however, was possible for Cranston. He showed just what could be done, in a very surprising

Cranston was seated; his hands, having laid aside the portfolio, were on the table edge. They clamped, as he

made an upward, forward lunge. The light table came with him, launched in a powerful fling for the darting

Completing that upward hurl, The Shadow ended it with a dive to the floor, tripping Weston with a

Fiveface didn't see that clever finish, which might have told him that Cranston was The Shadow. Half

dodging, Fiveface opened fire, splintering the clothcovered table that was flying toward him. He thought

that those bullets would reach the men beyond, not knowing that they had flattened beneath the level of his

The bulletripped table struck the crook's shoulder. It wasn't heavy enough to floor him. It was merely a

portable table, of very light construction. But the tablecloth flapped forward, covering the head and shoulders

It was like a living shroud that had flopped in from space, to play its part in ruining crime. As Fiveface tried

to snatch the cloth away, he merely wrapped it tighter. He was blundering toward the stairway, mouthing

The Shadow had counted on the table; not the cloth. His purpose had been simply to spoil an enemy's aim.

Instead, he had entangled Fiveface in a mesh that rendered the criminal physically helpless. In trying to

reach the stairs, Fiveface stumbled, and lost his gun as he struggled against the tangle.

With a shove, The Shadow thrust Commissioner Weston to his feet, sending him after the master crook, It

was the simplest possible job for Weston. All that he had to do was tighten the cloth that already held

Having propelled Weston in the right direction, The Shadow came full about and drove for the kitchen door.

He knew that Fiveface had yelled with purpose; that the tangled crook expected prompt aid. Such assistance

The door came flinging inward. Catching it with a side step, The Shadow slashed it shut again, ramming it

against the faces of two thugs who were driving through. Then, pulling the door wide, he hurled himself upon

Other invaders were in the kitchen, lunging toward The Shadow. He met them with bullets, and new guns

echoed the blasts. Cliff and Hawkeye were with the mob, nicking crooks in expert style.

The surge became a sprawl of bewildered, wounded thugs. The way trouble overtook them, they thought that

The Shadow must have started it; yet they couldn't see a sign of any cloaked opponent!

Leaving the crippled crooks to Cliff and Hawkeye, The Shadow wheeled back to the grillroom, still Cranston

to all who saw him. As he shoved through the door, a hurtling figure met him and began to grapple. Twisting

The face of Lamont Cranston was thrust squarely against the countenance of his friend, Commissioner

They broke apart. Showing Fondelac's gun, which he had picked up from the floor, the commissioner tried to

"I thought they had trapped you, Cranston!" he panted. "I saw them yank you into the kitchen. In my

THRUSTING Weston aside, The Shadow started for the stairway. Snapping from his stupor, the

Commissioner followed. The tablecloth was lying on the steps, but there was no sign of Fondelac. He had

Things hadn't happened as Fiveface wanted. He had expected to be well away before the commotion started

He crossed the foyer at a lope, clutching the bonds beneath his coat. As he reached the outer door, a squatty

Inspector Cardona had heard the shooting within the Cobalt Club and was on hand, with a squad behind him.

"Quickly, inspector!" exclaimed Fiveface. "I'm Count Fondelac. The commissioner sent me up to find you.

He said to rush your men downstairs and" faltering, the crook gave a wince "and to help me out of here.

Cardona pointed his men through the doorway. Turning, Joe rushed Fondelac out into a waiting squad car. He

Joe Cardona believed that Fondelac was really wounded, because he had noticed how the man was clutching

his hands tight against his side. Joe didn't guess that the count was really hanging on to a bundle of stolen

Once in the car, Fondelac relaxed and sat back with a long sigh. Cardona told the driver to get them to the

nearest hospital in a hurry. He didn't hear the shouts that came from back at the Cobalt Club, where the

The squad car was around the corner, halfway along the block, when Fondelac pointed to a cab parked in

"I am better now, inspector," informed Fondelac. "I can go to my apartment in the taxicab. The commissioner

"Forget Melbrun," snapped Cardona. "You've got to get to a hospital, Count, because of that bullet."

"Bullet?" Fondelac looked puzzled; then he laughed lightly. "Non, inspector. The ruffian did not have a gun.

The car had stopped. Count Fondelac stepped to the street; Cardona saw him wince and tighten his hands, as

though the punch still hurt him. Cardona was still staring, when Fondelac entered the cab and rode away.

"A punch in the belly!" growled Cardona. "I ought to have handed that sissy another on the jaw! Say, if

Abruptly, Cardona quit speculating about the past. He had the present to think about. More shooting was in

Remembering that the commissioner had ordered him to cover Melbrun's arrival, Cardona promptly forgot

Fondelac, except to congratulate himself that he had sent the softy from harm's way. Joe ordered the driver to

THINGS were happening very rapidly outside the club. Two groups had witnessed Fondelac's departure with

One group consisted of the lieutenants who served Fiveface. They were afraid to take pot shots at Cardona,

because of Fondelac. The fact that Fiveface had not called upon them to open fire was sufficient to keep

The other watchers were The Shadow's agents. Farther away, they supposed that Cardona had taken Fondelac

into custody. Thus, everything had remained latent, until a surge of men appeared on the sidewalk.

Commissioner Weston was with Cardona's squad, yelling for cars in which to begin pursuit.

Guns talked promptly from across the street. The commissioner dived for shelter and the detectives scattered.

They were saved only by the intervention of a friend who had followed them from the club: Lamont

From the doorway, which offered satisfactory cover, The Shadow picked out the source of the first wild shots

Though The Shadow's bullets took effect, he was unable to get the result he wanted; namely, a prompt pursuit

of Fiveface. Grease, Banker, and Clip were at least giving their chief the support that he needed for a

Moreover, the lieutenants were unusually bold tonight. They and their henchmen were ready to dare the shots

Piling in from many angles, they made for Weston and the diving detectives. The attackers were too many,

too widespread, even for The Shadow to stop them, particularly as snipers had begun a fire toward the

Perhaps The Shadow's laugh would have diverted the surge, but he preferred to count on other assistance,

In came the aid The Shadow wanted, provided in prompt and efficient style. Harry Vincent and Clyde Burke

popped out from doorways and opened a flanking fire on the charging crooks. Around the corner came Cliff

Marsland and Hawkeye, finished with the thugs back in the kitchen. They added telling shots.

All the while, The Shadow was shooting from the doorway. The lighted space in front of the Cobalt Club

might well have been marked with a gigantic X, for it indicated a spot where bodies would be found if any

The few who reached the fringes of the light were staggered by The Shadow's direct fire, while his agents

Leaders of the scattering mob were shouting for reserves. A car came roaring up the street, but it never

reached the Cobalt Club. Moe's cab whipped in from a corner and diverted the car across the street.

A batch of thugs leaped out, intent upon many things; primarily, they wanted to obliterate the cabby who had

That was just the time for Jericho. He was pacing in front of the apartment house, just beyond the corner.

With a gleaming grin that matched the glitter of his goldbraided uniform, the giant African reached the batch

Jericho cracked two heads together like a pair of eggshells. He grabbed a third mobbie, used him to bludgeon

a fourth. There was a fifth man among the reserves, but he didn't wait around. He scudded for an alleyway,

leaving Jericho in full possession of a sedan equipped with a pair of machine guns.

Other cars were starting away. Cardona met them with the squad car, around the next corner. Brakes shrieked

as the squad car drove one automobile into a wall. The Shadow and his agents riddled another car with

But the third car managed a getaway, for the squad car offered a barrier between it and the marksmen, who

In the fleeing car were the three lieutenants who served Fiveface. Banker was at the wheel, Clip on the seat

beside him. Grease was lucky enough to reach the running board just as the car sped away.

RETURNING to the club, Commissioner Weston found Cranston standing idly in the doorway. The

commissioner knew that his friend had joined in the fire, but had no idea that Cranston had been the

While Weston was offering congratulations for what he considered a rather trifling service, a coupe pulled up

Arnold Melbrun was in the car; he was amazed when he learned the full details of the battle. He wanted to

When Melbrun learned that a new king of crime had taken over the scene, he stood bewildered. Like nearly

everyone else, he had heard of Count Raoul Fondelac, and the fact that such a celebrity had gone crooked

The size of the robbery was also something to talk about. At least, Lamont Cranston could congratulate

himself upon having kept Fondelac's bonds, in place of his own, although their value totaled less. But when

Melbrun saw the French bonds, he shook his head. In his opinion, they were fraudulent.

It was curious how lightly Cranston took the news. He turned the bonds over to Weston, requesting the

commissioner to look into the matter. Then, tired by the evening's excitement, Cranston decided to go home.

Riding away in his limousine. Cranston gave a regretful laugh. It wasn't the sort of laugh that one would

expect from a man who had lost half a million dollars. Neither the bonds nor their cash value was the cause of

The Shadow simply regretted that he hadn't stopped Fiveface before the master crook had tricked Joe

It meant that special measures would be needed, if The Shadow hoped to meet Fiveface again. This

The Shadow's laugh changed to a strange comprehending whisper, as this master of the night began to plan

his coming ventures, which he hoped would lead to the final trapping of Fiveface!

ARNOLD MELBRUN was right. The French bonds were fraudulent. Count Raoul Fondelac had turned a

As a result, the newspapers estimated that Lamont Cranston had lost half a million dollars. Coupled with

thefts committed by Flush Tygert and Barney Kelm, this latest exploit raised crime's recent total above a

Still, the public did not connect those deeds with one man. Jake Smarley was practically forgotten; Flush and

Barney almost so. All talk concerned Count Fondelac, who had proven himself quite as slippery as his

predecessors. From the moment that he had said goodby to Inspector Cardona, Fondelac had completely

The cabby remembered driving to Fondelac's apartment, but the count had left the cab somewhere on the

way. There wasn't a scrap of evidence in the apartment itself that offered the police anything resembling a

Three men were distinctly interested in what had become of Fondelac. They were the lieutenants who knew

him as Fiveface. Grease, Banker, and Clip regarded themselves as very fortunate to have escaped unscathed

and unrecognized. Still, they prided themselves on having remembered the importance of a getaway, just as

It was Banker who broached the subject of the future, when the three gathered, at nightfall, in their

"Four faces gone," tallied Banker, counting, his fingers, "which means that Fiveface has got just one left; his

"Yeah," put in Grease, "and maybe he's scared to show it. Ever think of that, Banker?"

"He'll show it to us," asserted Clip. "Why shouldn't he offer to divvy, with all the dough he's grabbed?"

Banker began to stroke his chin. Meanwhile, Grease put an answer to Clip's question.

"We've got nothing on Fiveface," snarled Grease. "It may look like we have, but we haven't. What if we

squeal on him, supposing he doesn't show up? He won't care if people find out that he was four different

guys. Any one of the four would be bad enough for him, if the cops put the arm on him."

"Fiveface thinks in big terms," insisted Banker, slowly. "Remember, he told us there would be another job. I

"Because he'll turn the job over to us," explained Banker. "That's when we want to be smart. Unless it's as

The three began to discuss the new angle that Banker had suggested. They were in the middle of their parley,

when a rap came at the door. All three were congregated close, when Banker opened the door. With one

On the threshold stood a man with a face so ugly that no one could have blamed him for changing it

His forehead bulged above his eyes, which were as small as gimlet points; his nose had a sideward twist. His

lips were large, but widespread; they showed a clutter of misshapen teeth, that seemed to fill the ugly face.

The lieutenants knew that face. They had never expected to see it in life again. Banker's voice was hoarse,

THE ugly man stepped into the room and closed the door. His gait was crablike; one shoulder drooped, as he

made his way to a chair. He didn't speak; he simply picked up the greasy pack of cards and performed the

If he hadn't given that demonstration the lieutenants would never have granted that Blitz Bell could be

"Go ahead, say it," asserted Blitz suddenly, in a raspy tone. "You thought I was croaked, didn't you? Like

everybody else, you fell for that story about the Feds getting me, a couple of years ago. Well, they got Blitz

With both hands, Blitz stroked his face; the pressure seemed to mold it into a smoother visage. Then he let

"Here's the lowdown," he rasped. "I had a face lift, see? Before the Feds caught up with me. They thought I

blew myself up along with the dynamite shack, when they surrounded me. But that was because they didn't

"I had a good job done on this mug of mine. Ever since then, I've been able to change it into five, including

my own. Funny, ain't it, the face I've had the most trouble with is my own? Only, I like it, and I don't give a

In his speech, Blitz Bell showed a confidence which the listeners shared. The lieutenants had taken it for

granted that Fiveface would adopt an unexpected personality for the climax that he had planned. The guise

Supposedly dead, Blitz was beyond the reach of the law, provided he could keep his secret. Grease, Banker,

Clip were seeing a man who had stepped from the past; and even with Blitz's explanation, the thing still awed

They would never have dreamed that Fiveface could be Blitz Bell, the notorious public enemy that the Feds

Yet, on the table lay proof that Blitz was Fiveface: those outspread playing cards with which he had

demonstrated his identity. They were glad that Fiveface had used his skill to prove who he was. It was a

To a man, the lieutenants were willing to follow Blitz wherever he suggested. They were anxious to learn

what new crime he intended. Remembering Blitz by reputation, as well as sight, they knew that he would not

rest on past success. If opportunity offered and Fiveface had promised that it would Blitz was the man

With a widelipped smile that exposed his fanglike teeth, Blitz Bell spread a newspaper on the table. He

pointed to a picture of Count Raoul Fondelac and gave a raspy laugh. He tapped the teeth that bulged from

"Plates," explained Blitz. "I had them made to match my own, before I got rid of the real ones. My teeth were

bum, anyway. I've been four other guys lately, but I can still be myself when I want."

Blitz thumbed through the newspaper, came to the page he wanted. Then, to the listeners:

"I said we'd pull a big job for a payoff," spoke Blitz. "That's what we will do, but we'll be after more than

dough. I'm going to get back at the one guy who was lucky enough to stall us off!"

Alarm showed on the faces of the lieutenants. They thought that Blitz meant The Shadow. They didn't like

the idea of hurling a challenge at so formidable a foe, even with Fiveface as their leader. Blitz understood.

"I don't mean The Shadow," he asserted. "I mean this guy" he pointed to a photo in the newspaper

"Arnold Melbrun. He's the bird who outguessed me when I was Smarley, and saved a hundred grand for

"But we're going to get that dough, and a lot more. At the same time, we'll fix Melbrun permanent. Look at

what it says here: Melbrun is leaving for South America, tonight, to put over some big business deals.

"He's chartered a special plane for the trip. Do you know what that means? I'll tell you: dough! He's probably

carrying a pile of it, because money talks in South America, like it does here. He's taking off at midnight, so

SWEEPING the newspaper to the floor, along with the pack of cards, Blitz strode to the door. There, he

"Get all the mobbies you've got left," said Blitz. "Have them cover the airport. I'll have the take from the

other jobs, all packed in a bag, when I meet you guys. We'll ride right through and take over Melbrun and his

"I used to fly crates, years ago. I can handle that plane. I know a lot of landing spots that nobody else ever

heard about. We'll grab Melbrun's dough and make our getaway, all in one whack. When we get to where

The door closed on Blitz Bell. Three astounded men stood silent for a dozen seconds, then went mad with

Greater than any of the previous crimes engineered by Fiveface, tonight's proposal promised success

without a flaw. In this final stroke, Blitz Bell and his lieutenants would move with rapid speed.

It was crime that showed the conniving of a master brain; the sort that would render pursuit impossible, even

GLISTENING under the glare of floodlights, the silvery plane was ready for its midnight takeoff. Luggage

had been loaded aboard, and Arnold Melbrun was shaking hands with the business associates who had

Very soon, the plane would be carrying the importer on the first hop of this important journey. Melbrun had

long looked forward to the trip, and his associates were assuring him that it would result in new and greater

There were other men whose plans did not coincide with Melbrun's. If all worked as Blitz Bell had promised,

the uglyfaced bigshot and his lieutenants would make a flight in Melbrun's stead. So far, however, Blitz

Among the idlers on the fringes of the airport were hardfaced men who indulged in muttered comment.

They were the leftovers of the various mobs supplied by Grease, Banker, and Clip. They hadn't been too

eager to take on this job tonight, until they learned that it involved wide open spaces where flight would be

The thugs had cars available near the airport. All that they had to do was cover the fringes, while their leaders

made the real attack. That in itself was a novelty, so the trigger men had agreed to be on hand.

They knew nothing about the intended flight. That would appear to be something produced by necessity.

Later, perhaps, the smallfry thugs would be paid off with hush money sent by the lieutenants. But even that

detail might be overlooked. Safely gone with Fiveface, the lieutenants might dispense with such payments.

Cliff and Hawkeye were with the coverup crew. They knew that Harry and Clyde were in Moe's cab, which

was parked nearby. They were quite sure, too, that Jericho was on the ground. Still, The Shadow's agents

They had learned that strife was due at the airport and had reported the fact to The Shadow. Whether he knew

more than they did was a question. Keeping close to the apartment where the lieutenants had their

Their report included details of a muffled visitor, evidently Fiveface. But they hadn't seen the face of Blitz

Bell when the bigshot entered and made his departure. As a man returned from the grave, the owner of that

The agents were sure, however, that The Shadow would arrive before the zero hour of midnight. They knew,

too, that police would later be on hand, for Burbank was to phone a welltimed tipoff to the law.

Spectacular things were due, and for once, The Shadow's aids were impatient, wondering just what their chief

The plane's big propellers were spinning. Melbrun had turned away from his friends, to enter the ship, when a

lowbuilt sedan sped in from a roadway, swerved, and suddenly cut across the field itself.

There were four men in that car: Banker at the wheel, with Grease beside him; Clip in the rear seat, with Blitz

Crouched low, Blitz was clutching a heavy bag. It wasn't the valise that Fiveface had carried from the

Diamond Mart, and used later at the Hotel Clairmont. Fiveface no longer regarded luck as essential. He

While men were dashing out to yell at the crazed car, it came to a stop not far from Melbrun's plane. Looking

from the rear window, Blitz Bell gave a raspy chuckle at sight of the approaching airport guards. They looked

"Get Melbrun!" ordered Blitz. "I'll snipe those saps from the hangar, while you're taking over the plane. Then

He lifted the bag, let it sag again with a thud that made it bulge. Sight of the bag pleased Blitz's three

companions. They liked the way that it was stuffed. Diamonds, cash and bonds could all be unloaded after

they were divided. But the boodle from the past did not make them forget the present opportunity.

REMEMBERING that Arnold Melbrun was awaiting them as another victim, the three lieutenants leaped

from their car and started toward the plane, only fifty yards away. They didn't care if the floodlights showed

Melbrun's friends stood astonished, until revolvers spurted. Then, with one accord, they fled. So did the

Only one man was caught flatfooted where he stood. That man was Arnold Melbrun. He hadn't a chance to

Other shots were sounding from the car, where Blitz had remained. They stopped suddenly, as the bigshot

heard the approach of distant sirens. Immediately, shooting began along the fringes of the airport. Covering

Of the three lieutenants only Banker sensed what had happened. Letting Grease and Clip dash ahead of him

in their quest for Melbrun, Banker looked across his shoulder. He saw wavering figures in the distance, men

Instantly, Banker understood. The Shadow must have planted members with the mob! For the first time,

Banker realized why other attacks had faltered, particularly that last one, at the Cobalt Club. With a snarl,

Banker dashed after Grease and Clip. This job would have to be even speedier than Blitz Bell had ordered.

Arnold Melbrun had taken the only route to temporary shelter. Dodging the aiming guns of Grease and Clip,

the importer sprang into the plane. He tried to get its sliding door shut, but by that time the attackers were too

With his luggage was a large wardrobe trunk, which stood on end, just within the plane's door. Ducking

beyond the trunk, Melbrun hurled his full weight upon it, shoving it toward the door, as a blockade. Bound on

a trip which offered hazards, such as a forced landing in the Amazon Country, Melbrun was equipped with a

revolver. He yanked the weapon and began to fire from behind his improvised barricade.

By then, airport attendants, some with guns, had reached the car where Blitz Bell had stayed. The fight on the

fringes of the airport had broken all apart. Wild mobsters were in flight, pursued by The Shadow's agents.

Police cars were roaring in through the gates; people were guiding them toward Melbrun's beleaguered plane.

There, Melbrun had gained a moment of success. From behind the big trunk, he had nipped both Clip and

Banker with quick shots, but the hits were superficial. Grease had escaped bullets by lurching forward, so that

he was under the very shelter of the trunk itself. Seeing Grease's move, Banker and Clip copied it.

Viciously, the three grabbed at the trunk and the sides of the doorway, hoping to pull the barrier away and get

at Melbrun. The importer was fighting hard to hold out until rescue came. But the trunk was slipping.

Then, at this most vital moment, came a challenge that made all others puny. Melbrun heard it, a titanic laugh

that brought snarls from the three crooks beyond the trunk. Seemingly from nowhere, a blackcloaked figure

was sweeping into the floodlights, bearing down upon the three attackers who held Melbrun trapped.

There was no mistaking that mighty fighter, whose big fists wielded huge automatics. He was The Shadow,

master of the night, from which he had appeared as suddenly as though projected from an outer space!

FOR an instant, the three thugs outside the plane turned, as though willing to combat this mighty foe. Then,

seeing the big guns aim, realizing that they were open targets, they grabbed at the trunk again, madly trying

Melbrun let them have the trunk, with a shove that pitched it full upon them. The three crooks went sprawling

Half lurched from the doorway, Melbrun caught himself. He was an open target, but he didn't care. The

They were the sort, those killers, who could expect no mercy from The Shadow. Melbrun wasn't the only

man who foresaw their instant death. Joe Cardona, approaching in a speeding police car, would have sworn

Then a strange thing happened. The Shadow faltered, seemed to sidestep, as though seeking shelter. Perhaps

he had sensed guns trained from a distance; weapons that no one else guessed about. Such was Cardona's

At the very moment of rescue, Melbrun was abandoned. It didn't seem to matter, considering that he had

The Shadow's sudden change of course gave a respite to the three crooks on the ground. Melbrun's own

course, his only sensible one, was to dive back into the plane, seeking shelter beyond other luggage, until the

Melbrun hesitated only half a second. It was too long. From the ground, halfrising crooks delivered a volley

at the plane's doorway. Banker was sagging badly; Clip was wabbly; even Grease had a jerky aim. But the

Taking bullets in the chest, Melbrun pitched forward when further shots flayed him. His body tumbled

Cardona and others were blasting away. Their shots riddled the three killers, but came too late to save

Melbrun. Then, surveying the dying figures on the ground, Cardona left the crooks and their victim to his

Puzzled men were staring into the car. It had no occupant; merely an opened bag stuffed with paper, but with

a space near the top. With a slow nod, Cardona went over to the plane, to view the result of the battle there.

Melbrun was dead. Of the three who had slain him, all were dying, and only one could talk: Grease Rickel.

He was the sort who would believe that he had been doublecrossed, if properly questioned; particularly

Cardona began his persuasive effort, and Grease responded. He was muttering names of Smarley, Flush

Tygert, Barney Kelm, even Fondelac. In between, he kept repeating the name: "Fiveface."

"I get it, Grease." Cardona was playing a hunch. "All of them were Fiveface. He's the guy who

"Yeah." Grease's tone was a gaspy sigh. "Blitz Bell... back in the car... with all the swag "

That was all, but the name of Blitz Bell did not score with Joe Cardona. He couldn't believe that Blitz had

come back to life, nor that the fellow could have vanished in mysterious style. Besides, Cardona had seen the

That explained it! The Shadow had visited these crime lieutenants as Blitz Bell. He had made the crooks

believe that he was Fiveface. Cardona didn't know about the gambling stunt that Fiveface used to identify

himself; if he had, it would have strengthened his opinion. The Shadow was clever enough to duplicate any

Cardona was thinking of something else. If Blitz was not Fiveface, who was? Staring groundward, Cardona

saw the answer. It came with a flash, as he remembered the Shadow's strange act when the cloaked fighter

HEFTING the importer's body to one side, Cardona yanked open the broken trunk. He tugged at locked

From one came a flood of diamonds: Breddle's. Another disgorged the cash that the financiers had yielded.

As he gathered up those trophies of supercrime, Cardona stared at the dead criminal. Tense in death, the

His face looked long, gaunt, like Smarley's; wise, like the countenance of Flush. Its grimacing lips belonged

To Cardona, The Shadow's triumph had been a stroke of proper justice, wherein the master fighter had let

Fiveface find his death at the hands of the very men whom the criminal overlord had sought to

Belated on the scene came Commissioner Weston, who had been returning from a late trip out of town. With

him was Lamont Cranston, who had met the commissioner at the Cobalt Club. They heard the facts that

Cardona had pieced together. It was amazing how smartly Fiveface had played his game.

Smarley's crime had failed, so planned by Melbrun to cover up his real identity. He had succeeded as Flush

Melbrun hadn't called his office from his home. He had made that call from a pay booth in the Hotel

As Fondelac, Fiveface had been in a dilemma. Cranston had insisted that Melbrun come to the Cobalt Club.

"You didn't realize what a jam you put him in, Mr. Cranston," said Cardona, turning to the commissioner's

friend. "But The Shadow must have checked on it, and guessed the answer. What's more, The Shadow

"Quite obvious," observed Cranston, coolly, "considering that The Shadow had identified Melbrun as

Fiveface. Melbrun had already arranged to leave for South America. The stage was set for him to walk out

"So The Shadow took over," nodded Cardona. "That business of coming in as Blitz Bell was perfect. What a

surprise he rigged on Melbrun! Even then, Melbrun didn't guess it. He thought that his bunch were coming on

Cardona was opening a bundle as he spoke. From it, he took a big batch of sorted securities, that bore figures

up in the thousands. They added up to more than half a million dollars, those stocks and bonds that Cardona

"Thanks, inspector," returned The Shadow, calmly. "I'll put them back in my collection."

"My collection of counterfeits," he explained. "Worthless stocks and bonds, from many sources. I was

doubtful about Fondelac, commissioner. I thought it best to let him have these, until I found out if his French

REMARKABLE foresight. Cardona agreed with the opinion, as he watched the commissioner and his friend

stroll to the official car, with Cranston carelessly carrying the worthless bonds that had been reclaimed from

Cardona was wondering if The Shadow had mysteriously warned Cranston to beware of Fondelac. If so, The

Shadow must have known much about Fiveface, even before he had identified the master crook as Arnold

As Cardona pondered, he heard a parting tone that seemed to quiver in from outer darkness, beyond the

He didn't realize that the whispery laugh was from the direction of the commissioner's car, where Cranston

Cardona recognized it only as the laugh of The Shadow a singular, mirthless note of triumph from the lips

of the master fighter who had turned Fiveface over to the doublecrossed lieutenants, as their victim,

Five faces. Four had belonged to Arnold Melbrun; but the fifth that of Blitz Bell had been The Shadow's.

A knell, that mirthless laugh, for Arnold Melbrun and three others who had been finally trapped together by