“Those bills are marked,” he said. “Chetwind took their numbers from the bills when he mailed them, as an extra precaution, in case of any trouble. Now, my fine fellow, if you start to tell anything, you’ll have difficulty explaining those bills. I’ll see that you have no chance to get rid of them, and if you try to do me any harm, you’ll simply find yourself involved in the case with Phillips without doing me any harm or him any good. You can’t prove anything that you say—and the evidence of those bills in your possession will be taken as worth much more than anything you say. And you want to remember, too, that if it comes to a test, Carpenter and I will stick together and tell the same story, and our word is better than yours. I won’t give you a chance to promise not to split—I wouldn’t take your word now, no matter what sort of an oath you swore.”

“You won’t get the chance,” cried Shesgren. He seemed like a great coward, but like many other weaklings, Shesgren had a certain courage, and, when he made up his mind to do anything, it took more than threats to dissuade him. “I’m going to tell the truth no matter what you do, and you’ll find that the truth can be proved, even if it is difficult. Just as soon as you let me go, I’ll take the whole story to Merriwell, and he’ll believe me, whether any one else does or not. Then, when he knows the truth, he’ll find some way to prove it. You can make your mind up to that, you crook! You’re pretty clever, but there are some people who know just as much as you do, and you’ll find that out and wish you’d kept straight.”

“Quite a bantam cock, isn’t he?” said Parker contemptuously, to Carpenter. “I didn’t think our little friend had so much nerve. I really admire him, honestly I do.”

The junior was much relieved by the plan he had worked out. And he had one or two trump cards, too, of which Shesgren knew nothing, for he had not been fool enough to confide fully in his two rascally and treacherous helpers.

They left him there, Parker walking freely, singing as he went; Carpenter terrified, white and trembling. He wasn’t much of a rogue, really, and it was only Parker’s complete domination of his weak character that had made it possible for him to do as much as he had so far. With them went the registered letter, slit now, and empty, except for a folded sheet of paper. Parker carried it, and seemed afraid to trust it to Carpenter.

“What do you want me to do?” asked Carpenter shakily. “The letter isn’t any good now, is it, with the money gone out of it?”

“Certainly it is,” said Parker, laughing. “You’re a silly sort of a fool, Carpenter. The letter—without the money—turns up in Phillips’ room. At the right time, the money is found in the possession of Shesgren. You explain, very sorrowfully, that you’re afraid Shesgren and Phillips went together on the thing. And then see what Chetwind will say. You needn’t worry. I’ve got everything they can do worked out, and we’ll fool them on every side. You go on up and see Phillips now. And be sure to drop the letter in his wastebasket, or some place like that.”

Carpenter felt that he could only obey. He would have given all he possessed, and all his hopes of graduating at the head of his class, to be well out of the mess, and free from the fear of Parker. But he was afraid to make a move. He had seen the fate of Shesgren, still a prisoner in his own room, and, as Carpenter well knew, likely to find himself, because he had turned honest and had tried to undo the wrong that had been done, involved as deeply as Jim Phillips himself in the toils, with no way at all of clearing himself of the charge.


CHAPTER IX
A STRANGE CLEW.