"What was there in the letter, I wonder, to upset him so?"

"Absolutely nothing—that's just the curious part of it. I had read it before I discovered my mistake. It was quite short. I can still remember it word for word, and there was nothing in it that could possibly upset any one."

"You can repeat it, you say?" I encouraged her.

"Yes." She paused a minute and then repeated slowly, whilst I noted down the words unobtrusively, the following:—

"Dear Sir,—The essential thing now, I should say, is to see the property. If you insist on the quarry being included, then seventeen thousand seems reasonable. 11% commission too much, 4% is ample.

"Yours truly,
"Arthur Leversham."

Miss Martin went on:—

"Evidently about some property Mr. Ryland was thinking of buying. But really, I do feel that a man who can get into a rage over such a trifle is, well, dangerous. What do you think I ought to do, Major Neville? You've more experience of the world than I have."

I soothed the girl down, pointed out to her that Mr. Ryland had probably been suffering from the enemy of his race—dyspepsia. In the end I sent her away quite comforted. But I was not so easily satisfied myself. When the girl had gone, and I was alone, I took out my notebook, and ran over the letter which I had jotted down. What did it mean—this apparently innocent-sounding missive? Did it concern some business deal which Ryland was undertaking, and was he anxious that no details about it should leak out until it was carried through? That was a possible explanation. But I remembered the small figure 4 with which the envelopes were marked, and I felt that, at last, I was on the track of the thing we were seeking.

I puzzled over the letter all that evening, and most of the next day—and then suddenly the solution came to me. It was so simple, too. The figure 4 was the clue. Read every fourth word in the letter, and an entirely different message appeared. "Essential should see you quarry seventeen eleven four."