Originally published in Shadow Magazine, 1/15/34. From the back cover:
He was known only as “Dorand” – the mysterious, fabulously wealthy philanthropist who gave huge sums in cash to needy people. The world at large could only guess at his identity. But Pug Hoffler, battle-scarred veteran gangster, thought he knew the secret of “Dorand.” And he was sure that secret would make him rich.
But when Pug made his move, he collided with a master criminal more deadly than any he had known before… a wizard of stealth who operated in the very footsteps of “Dorand” himself… an archfiend whose diabolical will to wealth trembled before no man’s power.
Trembled before none, that is, except the piercing gaze and blazing automatics of… The Shadow!