He had half-opened one of the drawers in his desk as he spoke. His visitor frowned in anger.

“You won’t make matters any better by threatening me, Hailworthy. I am going to do my duty, and you won’t bluff me out of it.”

“I have no wish to bluff you. When I spoke of a tragedy I did not mean to you. What I meant was that there are some turns which this affair cannot be allowed to take. I have neither kith nor kin, but there is the family honour, and some things are impossible.”

“It is late to talk like that.”

“Well, perhaps it is; but not too late. And now I have a good deal to say to you. First of all, you are quite right, and it was I who held you up last night on the Mayfield road.”

“But why on earth—”

“All right. Let me tell it my own way. First I want you to look at these.” He unlocked a drawer and he took out two small packages. “These were to be posted in London

to-night. This one is addressed to you, and I may as well hand it over to you at once. It contains your watch and your purse. So, you see, bar your cut wire you would have been none the worse for your adventure. This other packet is addressed to the young ladies of the Gaiety Theatre, and their properties are enclosed. I hope I have convinced you that I had intended full reparation in each case before you came to accuse me?”

“Well?” asked Barker.

“Well, we will now deal with Sir George Wilde, who is, as you may not know, the senior partner of Wilde and Guggendorf, the founders of the Ludgate Bank of infamous memory. His chauffeur is a case apart. You may take it from me, upon my word of honour, that I had plans for the chauffeur. But it is the master that I want to speak of. You know that I am not a rich man myself. I expect all the county knows that. When Black Tulip lost the Derby I was hard hit. And other things as well. Then I had a legacy of a thousand. This infernal bank was paying 7 per cent. on deposits. I knew Wilde. I saw him. I asked him if it was safe. He said it was. I paid it in, and within forty-eight hours the whole thing went to bits. It came out before the Official Receiver that Wilde had known for three months that nothing could save him. And yet he took all