He was a witness in the Gildie Bank fraud case, and his cross-examination at the hands of one of the most relentless of counsel occupied three hours. This concluded to everybody's satisfaction, save counsel's, T. B. Smith, who hated the law courts, walked out into Old Bailey to find newsboys loudly proclaiming, "Slump on the Stock Exchange!"

"Thank Heaven, that bubble's burst!" said T. B. piously, and walked back to Scotland Yard, whistling.

He did not doubt that the artificial rise had failed, and that the market had gone back to normal.

At the corner of the Thames Embankment he bought a paper, and the first item of news he read was:

"Consols have fallen to 84."

Now, Consols that morning had stood at 90, and T. B. Smith stopped whistling.

CHAPTER X
THE ANTICIPATORS

T. B. Smith strolled into the room of Superintendent Elk.

Elk is a detective officer chiefly remarkable for his memory. A tall, thin, sad man, who affects a low turned-down collar and the merest wisp of a black tie. If he has any other pose than his desire to be taken for a lay preacher, it is his pose of ignorance on most subjects. Elk's attitude to the world at large is comprehended in the phrase, "I am a child in these things," which accounts to a very great extent for the rapidity of his promotion in the Criminal Investigation Department.