The beautiful Kitty, and her friend Eve Fincastle, the journalist, having exhausted Ostend, had duly arrived at Bruges in the course of their holiday tour. The question of Kitty’s jewellery had arisen at the start. Kitty had insisted that she must travel with all her jewels, according to the custom of the theatrical stars of great magnitude. Eve had equally insisted that Kitty must travel without jewels, and had exhorted her to remember the days of her simplicity. They compromised. Kitty was allowed to bring the bracelet, but nothing else save the usual half-dozen rings. The ravishing creature could not have persuaded herself to leave the bracelet behind, because it was so recent a gift and still new and strange and heavenly to her. But, since prudence forbade even Kitty to let the trifle lie about in hotel bedrooms, she was obliged always to wear it. And she had been wearing it this bright afternoon in early October, when the girls, during a stroll, had met one of their new friends, Madame Lawrence, on the world-famous Quai du Rosaire, just at the back of the Hôtel de Ville and the Halles.

Madame Lawrence resided permanently in Bruges. She was between twenty-five and forty-five, dark, with the air of continually subduing a natural instinct to dash, and well dressed in black. Equally interested in the peerage and in the poor, she had made the acquaintance of Eve and Kitty at the Hôtel de la Grande Place, where she called from time to time to induce English travellers to buy genuine Bruges lace, wrought under her own supervision by her own paupers. She was Belgian by birth, and when complimented on her fluent and correct English, she gave all the praise to her deceased husband, an English barrister. She had settled in Bruges like many people settle there, because Bruges is inexpensive, picturesque, and inordinately respectable. Besides an English church and chaplain, it has two cathedrals and an episcopal palace, with a real bishop in it.

“What an exquisite bracelet! May I look at it?”

It was these simple but ecstatic words, spoken with Madame Lawrence’s charming foreign accent, which had begun the tragedy. The three women had stopped to admire the always admirable view from the little quay, and they were leaning over the rails when Kitty unclasped the bracelet for the inspection of the widow. The next instant there was a plop, an affrighted exclamation from Madame Lawrence in her native tongue, and the bracelet was engulfed before the very eyes of all three.

The three looked at each other non-plussed. Then they looked around, but not a single person was in sight. Then, for some reason which, doubtless, psychology can explain, they stared hard at the water, though the water there was just as black and foul as it is everywhere else in the canal system of Bruges.

“Surely you’ve not dropped it!” Eve Fincastle exclaimed in a voice of horror. Yet she knew positively that Madame Lawrence had.

The delinquent took a handkerchief from her muff and sobbed into it. And between her sobs she murmured: “We must inform the police.”

“Yes, of course,” said Kitty, with the lightness of one to whom a five-hundred-pound bracelet is a bagatelle. “They’ll fish it up in no time.”

“Well,” Eve decided, “you go to the police at once, Kitty; and Madame Lawrence will go with you, because she speaks French, and I’ll stay here to mark the exact spot.”

The other two started, but Madame Lawrence, after a few steps, put her hand to her side. “I can’t,” she sighed, pale. “I am too upset. I cannot walk. You go with Miss Sartorius,” she said to Eve, “and I will stay,” and she leaned heavily against the railings.