"I don't know how Denham got to know," he continued, "but the tale he told about the invented brother was his own history, and quite deceived me and Morley. Also that soliloquy after Mrs. Benker departed was a masterly conception. It would have cheated any one, let alone me. The man was acting for the benefit of myself and Morley, and knew we were listening. What a clever scoundrel!"

"He's been a little too clever this time," replied Steel; then he began to laugh, but refused to explain why he did so, save in a general way.

"This is the queerest case I was ever in," he said, with a chuckle; "you don't know how queer."

"Well, you explain. I think you are keeping something from me."

"I am," answered Steel readily. "Tit for tat, Mr. Ware. You did a little business on your own account, and said nothing to me. I repay the compliment."

"I was afraid you would arrest Miss Denham."

"You mean Miss Franklin. No, I should not have done that. My investigations into this thieving case have shown me that she is perfectly innocent. She knows nothing about Denham's rascalities, and she certainly did not commit the murder."

"Are you so sure that Dane is the culprit?" asked Giles.

"Yes, I am sure. He was at Gravesend on board that yacht, and when the so-called Wilson came by train from London, Dane rode over from Tilbury on a motor-bicycle. They met on that night, and then I expect Denham induced Dane to murder the girl. Afterwards Dane went back to Tilbury as he came, and Denham induced his daughter to rescue him on your motor."

"But why should he get Anne to do that?"