"Is it true that the White Lady has been seen since Mr. Glenthorpe was murdered?"

"She's been heered, shure enough. Billy Backlog, who lives closest to the rise, was a-tellin' us in the Anchor bar that she woke him up two nights arter th' murder, a-yowlin' like an old tomcat, but Billy knew it worn't a cat—it weer far more fearsome, wi gasps at th' end. The deaf fat chap at Benson's arst him what time this might be. Billy said he disremembered th' time—mebbe it wor ten or a bit past. Then the fat chap said it wor just about that time the same night, as he wor shuttin' up, he saw somefin white float up to th' top of th' pit. He thowt at th' time it might be mist, thow there weren't much mist on th' ma'shes that night, but now he says 'es sure that it wor the White Lady from the Shrieking Pit that he saw. 'Then Gawdamighty help yow, poor fat chap,' says Billy, looking at him solemn-like. 'The hearin' of her is narthin', it's th' seein' o' her that's the trouble.' The poor fat chap a' been nigh skeered out o' his wits ever since, and nobody in th' village wud go near th' pit a' nighttimes—no, not for a fortin. I ain't sure as it's safe to be here even in daytimes, thow I never heered of her comin' out in the light." Mr. Duney turned resolutely away from the pit, and called to his dog, who was sitting near the edge, regarding his master with blinking eyes and lolling tongue. "I'll be goin', in case that Queensmead sees me from th' village. I cot this coney fair and square in th' open, but it be hard to make Queensmead believe it. Well, I'll be goin'. Good mornin', ma'aster."

He trudged away across the rise, with his dog following at his heels. Colwyn was about to turn away also, when his eye was caught by a scrap of stained and discoloured paper lying near the edge of the pit, where the rain had washed away some of the earth. He stooped, and picked it up. It was a slip of white paper, about five inches long, and perhaps three inches in width, quite blank, but with a very apparent watermark, consisting of a number of parallel waving lines, close together, running across the surface. Although the watermark was an unusual one, it seemed strangely familiar to Colwyn, who tried to recall where he had seen it before. But memory is a tricky thing. Although Colwyn's memory instantly recognised the watermark on the paper, he could not, for the moment, recollect where he had seen it, though it seemed as familiar to him as the face of some old acquaintance whose name he had temporarily forgotten. Colwyn ultimately gave up the effort for the time being, and placed the piece of paper in his pocket-book, knowing that his memory would, sooner or later, perform unconsciously the task it refused to undertake when asked.

Colwyn spent the afternoon in another solitary walk, and darkness had set in before he returned to the village. As he reached the inn he glanced towards the hut circles, and was startled to see something white move slowly along by the edge of the Shrieking Pit and vanish in the wood. There was something so weird and ghostly in the spectacle that Colwyn was momentarily astounded by it. Then his eye fell on the sea mist which covered the marshes in a white shroud, and he smiled slightly. It was not the White Lady of the Shrieking Pit he had seen, but a spiral of mist, floating across the rise.

The sight brought back to his mind the stories he had heard that day, and when he was seated at dinner a little later he casually asked Charles if he believed in ghosts. The fat man, with a sudden uplifting of his black eyes, as though to ascertain whether Colwyn was speaking seriously, replied that he did not.

"I'm surprised to hear of your scepticism, Charles, for I'm told that the apparition from the pit—the White Lady, as she is called—has favoured you with a special appearance," said Colwyn, in a bantering tone.

"I see what you mean now, sir. I didn't understand you at first. It was like this: some of the villagers were talking about this ghost in the bar a few nights back, and one or two of the villagers, who all firmly believed in it, declared that they had heard her wandering about the previous night, moaning and shrieking, as is supposed to be her custom. I, more by way of a joke than anything else, told them I had seen something white on the rise the previous night, when I was shutting up the inn. But the whole village has got it into their heads that I saw the White Lady, and they think because I've seen her I'm a doomed man. The country folk round about here are an ignorant and superstitious lot, sir."

"And did you actually see anything, Charles, the night you speak of?"

"I saw something, sir—something long and white—like a moving white pillar, if I may so express myself. While I looked it vanished into the woods."

"It was probably mist. I saw something similar this evening!"