"I do not think so," replied Sturgis; "with his wounded hand he is a marked man; he would be easily recognized in a strange city. His safest hiding-place is here in New York, where he doubtless has friends ready to conceal him. Be that as it may, he remains for the present under cover and the scent is lost. The police are groping in the dark just now, and,——and so am I."

The banker looked sorely disappointed.

"And so that is all you have been able to discover? Not a trace of the money? It does not seem possible that a quarter of a million dollars can disappear so completely without leaving the slightest trace."

"If we can ever find Seymour," replied Sturgis, "I make no doubt we shall be able to locate the lion's share of the money.

"Yes," he added, thoughtfully, "that is all I have been able to discover up to the present time; or, at least, all that seems to be of any immediate importance. Of course, I called on both Mr. Murray and Mr. Scott; but, beyond the fact that Chatham, like Arbogast, was a model employé, all I got from them was the address of Chatham's boarding-house; there I was informed that the accountant had moved on New Year's eve without leaving his new address. There is one other link in the chain of evidence which I have investigated; but I cannot tell yet whether it will lead to anything or not. It may be immaterial; but who knows? Possibly it may prove to be the key to the entire problem."

"And what is this promising link?" asked Dunlap eagerly.

"There is not much to tell on this score," answered Sturgis. "You will recall that according to the evidence which we have thus far collected, Chatham was attacked by Arbogast while he was in the act of using the telephone."

"Yes; I remember how minutely you reconstructed that scene."

"Well," continued the reporter, "I saw at once that the telephone might possibly prove to be an important witness for the prosecution, if I could only discover the name of the person with whom Chatham was talking when he was shot. I therefore called at the Central Office to make inquiries. As I was able to specify almost the exact minute at which this call was sent, it was an easy matter to find the young woman who had answered it; but the chances were that she would not remember the number called for. She did, however, for it had been fixed in her memory by some unusual circumstances. It seems that after giving Chatham the connection he wanted, the operator rang him up. While she was listening for a reply, she heard a sharp report, followed by a scream; then a sound of confused voices, and presently another sharp report. After that came complete silence, and she was unable to obtain any reply to her repeated calls."

"You have here corroborative evidence of the scene between Chatham and Arbogast," said Dunlap.