The detective knew what business was. But Spillsbury was young and wild, and his wildness assumed an unpleasant character. It was the kind of wildness which people do not talk about—at least, not nice people. He had inherited a considerable fortune, and the control of four factories, the best of which was the one under discussion.

"I know Spillsbury," said the detective, "and I happen to know Spillsbury's works. I also know that he sold you a property worth £300,000 in the open market for a sum which was grossly inadequate—£30,000, was it not?"

"£35,000," corrected the colonel. "There's no law against making a bargain," he repeated.

"You've been very fortunate with your bargains."

Stafford King rose and picked up his hat.

"You bought Transome's Hotel from young Mrs. Rachemeyer for a sum which was less than a twentieth of its worth. You bought Lord Bethon's slate quarries for £12,000—their value in the open market was at least £100,000. For the past fifteen years you have been acquiring property at an amazing rate—and at an amazing price."

The colonel smiled.

"You're paying me a great compliment, Mr. Stafford King," he said with a touch of sarcasm, "and I will never forget it. But don't let us get away from the object of your coming. I am reporting to you, as a police officer, that I have been threatened by a blackguard, a thief, and very likely a murderer. I will not be responsible for any action I may take—Jack o' Judgment indeed!" he growled.

"Have you ever seen him?" asked Stafford.

The colonel frowned.