"A great deal," was her low answer. "But I shall not say it here. If Mr. Fellows will go with me to wherever you take people suspected of what you suspect me, I can soon make plain my position. But first I should like to send for my friend, Mr. Philip Andrews. He is with the Stickney Company, and he is acquainted with my affairs and the understanding between Mr. Stoughton and myself by which I have access to that gentleman's safe and do much of his private business for him."

"That's all right. Send for Mr. Andrews if you wish, but you mustn't expect to talk to him without witnesses. Is that your coat and hat?"

"Yes."

"Well, put them on."

Mr. Fellows advanced and whispered something in the officer's ear. Immediately the suspicious look grew in his eyes, and he watched her every movement with increased care. She saw this and stepped up to him.

"I shall not deny having this piece of jewelry about my person," she said, drawing the bracelet from its hiding place. "The man whom Mr. Fellows calls my confederate gave it to me and I took it; but it will be hard for him or any one else to prove that it is a theft, harder than it will be for me to prove who is the real culprit here and the man whom you ought to arrest. Watch me, but watch him also; he is more deserving of your close attention than I am."

Her disdain, her poise, the beauty which came out on her face when she was greatly stirred, gave her a striking appearance at that moment. The officer stared, then followed her glance toward Mr. Fellows. What he saw in him made him thoughtful. Turning back to Miss Lee, he said kindly enough, "Will you let me have that bracelet?"

She passed it over and he thrust it in his pocket.

"Now," said he, "I will go first. In a few minutes follow me and go down Nassau Street. A carriage will be at the curb. Take it. As for Mr. Fellows——"

"I cannot leave till some of the clerks come in."