In the cells below the court Mr. Tracy found a very different man awaiting him from the one he had last seen in the dock. The intolerant indignation with which Ralph had listened to the various suggestions of the prosecution, and the scorn with which he had heard the address to the jury, with its denunciation of his supposed ingratitude and treachery, were all gone. He was pale and exhausted by the long day in the crowded court, but he was also dignified and self-possessed. He turned to the solicitor with a whimsical smile.

"I don't know whether to be relieved or disappointed. Since some of the twelve good men and true were not convinced of my innocence, I suppose I ought to be grateful that things are not worse than they are. Did I behave myself better to-day?"

"Much better," Mr. Tracy answered. "You know," he added seriously, "the circumstantial evidence was very strong, and although, as I have maintained all along, the probabilities are always against a miscarriage of justice, you are not out of the wood yet. Mr. Ashley, if the jury had convicted you we should only have had a matter of three weeks in which to discover new facts. I think you ought to be grateful that we have three months."

"That is true," said Ralph soberly. "But what a three months for me! Is there no chance of bail?"

Mr. Tracy shook his head.

"No. You must go through with it, but a great deal may happen in three months, and it won't be for want of trying if I don't get you out long before then. Now, Mr. Ashley, I have two questions to ask you. First, do you know who this is?"

Ralph looked at the photograph which Mr. Tracy showed him.

"To the best of my knowledge I've never seen this before, and I'm certain I don't know the original. Who is it?"

"I have an idea it is Lady Holt," Mr. Tracy answered, "but I dare say I shall find out soon. It is curious how everything seems to be in a conspiracy against you. The man who took that photograph retired from business a few years ago and is now dead. I hoped I might find out the name of the lady from him, but he's dead and the books can't be traced. Now the next point. The hundred pounds you asked your brother to lend you; what about that?"

Ralph's brows contracted.