He came in ten minutes after me, without knocking, and locked the door softly. “Now, kid,” he said in his best manner, “we will proceed to estimate the intrinsic value of our takings in dollars and cents. That amount, divided by four, will give us an idea of what we have earned this evening.”

“Why divide it by four, Sanc?”

“Because it’s crooked and no fence will give you more. It’s a great game, Kid. The fence divides it by four, taking seventy-five percent of the value to pay him for the chances he takes. The loser, reporting to the insurance company, multiplies it by four to pay himself for the extrinsic value of his junk, and the annoyance caused by his burglar.”