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Inasmuch as the police had traced none of the remaining killers, Commissioner Weston was not anxious to add fuel to new crime. He decided to let the subject pass, for the present.

Mention of the six sapphires, however, had turned the conversation to the Star of Delhi. Before they realized it, the jewelers were talking shop. It didn't take them long to agree on the very thing that Walder had said privately to Lenfell - that there was only one expert in New York to whom the cutting of the great stone could be entrusted: Roger Sherbrock.

Whether Sherbrock could have found time for the task was another question. According to the jewelers, the expert cutter was working night and day on orders of long standing.

The technical talk bored Weston, and his friend Cranston walked out in the middle of it. Inasmuch as The Shadow was interested in tracing the past history of the Star of Delhi, a prompt visit to Sherbrock's had become a logical step. Before leaving the club, The Shadow telephoned Margo and asked her to meet him near Sherbrock's place of business.

At present, The Shadow's agents, Moe Shrevnitz included, were busily seeking traces of Dwig Brencott, who had conveniently left town not long after the Walder affair. Upon meeting Margo, who came in her own car, The Shadow explained the new situation in Cranston's style.

He wanted Margo to drive him to Sherbrock's and wait outside, while he interviewed the gem cutter.

Margo observed that Cranston was carrying a briefcase. He opened it, to take out a small bag containing some uncut diamonds which he intended to show Sherbrock.

Margo suspected that the briefcase also contained a slouch hat and a black cloak; but if it did, the garments were packed so deeply that she could not see them.

Sherbrock's place was on the second floor of a rather old and dilapidated building in a fairly disreputable neighborhood. It looked like an ideal place for crime, except that the windows were barred. Lights from the second floor indicated that Sherbrock and other cutters were at work.

Alighting from Margo's car, Cranston strolled into the building, and just as he passed through the doorway the girl noticed that he had taken the briefcase with him.

A blunt-faced husky was in charge of the second-floor portal. He looked like a janitor, but acted as if he were Sherbrock's confidential secretary. Impressed by the visitor in evening clothes, he accepted Cranston's card and took it through an inner door that looked like the entrance to a strong room.

While waiting, The Shadow observed several other small rooms with heavy doors, evidently the work-shops assigned to the gem cutters.

There were large safes around the floor, at least a dozen of them, and when The Shadow was ushered into Sherbrock's own workroom, he saw three more in different corners of the room.

It was an office, also, for Sherbrock was seated behind a desk, going over stacks of correspondence.

He looked up, studied Cranston briefly, then dismissed the husky watchman.

ROGER SHERBROCK had a strong, deep-lined face that marked him as a businessman, rather than an artificer; but exacting work had taken its toll of him. Any man who followed the profession of the lapidary invariably acquired a careful eye, and Sherbrock was no exception to the rule of gem cutters.

Nevertheless, he seemed able to take time out from his professional work to talk terms with customers, particularly those who looked as prosperous as Cranston.

Sherbrock was all business when The Shadow mentioned diamonds; but when the gems came from the briefcase, the lapidary promptly reached for a magnifying lens, pressed it to his eye and forgot that he had a customer, in order to examine the uncuts. Meanwhile, The Shadow made a further appraisal of the strong room.

Behind Sherbrock's desk was a huge door that dwarfed the heavy safes. It was the front of a large vault that measured at least six feet in every direction, something which could readily be estimated, since the door of the vault was partly open.

Since the vault was empty, The Shadow assumed that Sherbrock placed the more valuable gems into some of the smaller safes, and wheeled them into the vault when he closed up shop. A very logical process, since movable safes could be rolled from one workroom to another, whenever required. Such a practice was the perfect way to keep rare jewels under lock, except when Sherbrock's assistants were actually working on them.

The uncut diamonds interested Sherbrock, but he was loath to discuss their merits at so late an hour.

"If you would come back tomorrow, Mr. Cranston," he suggested, in a brisk tone, "I should be glad to examine these diamonds in detail. If you care to leave them, I can give you a receipt for them. You doubtless know that some of the most famous gems in existence have been entrusted to our custody."

There was a keen look in Sherbrock's right eye, the result, perhaps, of its recent association with the magnifying lens. Yet his statement could have been a probing one, an effort to find out if Cranston supposed that Sherbrock had recently handled the cutting of the celebrated Star of Delhi. Certainly, the words offered The Shadow a chance to question Sherbrock on the subject.

But The Shadow ignored the opportunity. He preferred to have a longer chat with Sherbrock before discussing sapphires instead of diamonds. Reaching for the chamois bag that contained the diamonds, he quietly decided to take the uncut gems along with him.

That action, more than a blunt question, produced results with Sherbrock. Following his visitor to the door, the lapidary apologized for having been so abrupt.

"Some gems are coming in shortly," explained Sherbrock, a trifle nervously. "A very special assortment, from Baldwin Associates, one of the most reliable wholesale houses in the city. They always insist upon a detailed receipt for all the gems they send us.

"Therefore, I shall be very busy for the next hour, at least. Frankly, I do not like to receive shipments so late at night. There have been too many robberies lately, and the Walder affair was so shocking that I have felt uneasy ever since."

Again, Sherbrock was laying a lead that might bring mention of the Star of Delhi. But his tone was such that anyone, even The Shadow, could have accepted it either of two ways.

It might be that Sherbrock knew much about the great sapphire, and was feeling Cranston out; on the contrary, Sherbrock gave something of an impression that he knew nothing of the gem's history and hoped that perhaps his visitor did.

The Shadow's only response was a disinterested nod. He strolled out through the main door, which the blunt-faced watchman held open for him.

As he descended the stairs, The Shadow saw an armored truck pull up in front of the building. It bore the name: "Baldwin Associates."

It wasn't sight of the truck that interested The Shadow, mostly. The other thing he noticed was a low-built car that cruised past, for no good reason, and swung into an alleyway that led to the rear of Sherbrock's building.

Observing a rear door on the ground-floor passage, The Shadow stepped toward it, only to find it heavily locked. At that moment, two uniformed men came in from the armored truck and started upstairs, carrying a heavy box between them. The Shadow drew back beneath the stairs and heard their footsteps pass overhead.

A third man was overtaking the other two, for The Shadow could hear his quicker, lighter footsteps.

Apparently, the burden carriers waited for him, for The Shadow heard voices; then the procession continued.

Meanwhile, The Shadow was sweeping hat and cloak from his briefcase, intending to obliterate the guise of Cranston and make a foray to the rear alley. New footsteps caused him to delay; they were very light and hesitating, as they came in from the front and moved a short way up the steps.