“Why all this fuss about the steel casket?”

“I think I've tumbled to that also.”

“Well, let's have it.”

“First, I think the casket contains the papers that would prove his villainy about the mining affair in Nevada, and perhaps would explain the fate of his partners.”

“Yes.”

“Second, he robbed his own yacht in order to lead not the public, but his own villains away from suspicion of who he really is.”

“Humph!”

“Third, he did not mean them to get the casket at all, but they found it, and so he traded his share in the spoils for it.

“Fourth, he concealed it, and then the idea occurred to him that it would be a good blind to work the police on, and he applied to the inspector.”

“Well, go on.”