“Yes.”

“Why——”

“Here it is! I saw Merriwell take it from your pocket. It’s attached to this chain.”

Arlington seemed thunderstruck. Dick was watching Chester closely, and he thought:

“The fellow is amazed, or he’s an excellent actor.”

“What sort of a joke is this?” Arlington demanded. “Where is my watch?”

“I don’t know about your watch,” said Gorman coldly; “but I do know that this watch, found in your pocket, is my watch. I wish you to explain how its came there!”

Chester had turned pale.

“Why, confound it! I hope you don’t think I stole your old watch, Gorman?” he said hotly.

“I have not stopped to think much about it. I know it was stolen from my room, and I know it was found in your pocket.”