Translated from the French by George Morehead.
t is to be done?
"I see only one way out of the difficulty: Let us divide the spoils. A half-million for you; a half-million for me. Is not that a fair division? In my opinion, it is an equitable solution, and an immediate one. I will give you three days time to consider the proposition. On Thursday morning I shall expect to read in the personal column of the Echo de France a discreet message addressed to M. Ars. Lup, expressing in veiled terms your consent to my offer. By so doing you will recover immediate possession of the ticket; then you can collect the money and send me half a million in a manner that I will describe to you later.
"In case of your refusal, I shall resort to other measures to accomplish the same result. But, apart from the very serious annoyances that such obstinacy on your part will cause you, it will cost you twenty-five thousand francs for supplementary expenses.
"Believe me, monsieur, I remain your devoted servant, ARSENE LUPIN."
In a fit of exasp