10-Story Detective Magazine Cover — page 13: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

Laughing Ghoul Great Detective-Action Novel By Ralph Powers Author of “Headline Bondage” ait Se ) NES \ »\ = say e N \ al , — CHAPTER I THE BLACK CIRCLE BLACK-ROBED figure whose features were masked by a cowl! of the same obliterating shade, faced a ring of upturned eyes. Only the eyes were visible, eager eyes and sharp, flashing with excitement. They peered through slits in masks that covered the faces, following each word and gesture. “This may seem theatrical to some — _ — 7 } ee see " eon, == of you,” the voice of the black-robed figure was saying. “It may appear rather juvenile to others, but I can assure you that such is not the case. This is very serious-business, and there is a reason for these masks. = They are for your mutual protection. In spite of all the care we have used, somewhere there is a traitor. Who? I cannot tell. But for the protection of the rest of you, he must not see your face nor guess your identity. Your calling is sufficiently hazardous Eomicboo Kel ‘ 4 : F iv “i Ay . a * i i) fh 5 ‘/ ' ” i YY mr sou AN uri) Ws Ww "Oy Pgh ae, i Ks rye ma baie Sy Seb A Bad. Myth a uP + wae nen) Sa ips — = ws — Acge “et Y 4 t ~ ~~, x fof) f ivi le. ep ye ‘ t. yi Nd “ a wr muy hah CNH a Litho) 4 Wh = * _ — a — aig 7 : < ~ —_ a _ = ’ « « SSu(S eee ig te ae