Heidt is killed in a shootout immediately after leaving Reed's home, and police believe Heidt is Mazard's murderer. Reed, seeing that the police have killed Heidt, races to her home to call Wanley, who is slumped over in his chair, and apparently he dies. In a match cut, Wanley awakens in his chair at his club, and he realizes that the entire adventure was a dream in which employees from the club were the main characters. As he steps out on the street in front of the painting, a woman asks Wanley for a light. He adamantly refuses and runs down the street.