"This," replied Calvert quietly, and from his pocket produced a scrap of paper. Tracey without displaying any wonder looked at it. It was half a sheet of pink writing-paper and contained only one line written across lengthways. "If you get the money look under the coffee stain!" Tracey read and re-read this, then raised his puzzled eyes. "What's this, Calvert?"

"That," replied the young man calmly, "is a piece of paper which I received from Merry this morning!"

"Was it enclosed in an envelope?"

"Arnold handed the envelope which he was holding. It was addressed to 'Arnold Calvert' in a woman's hand of the sloping Italian kind. The writing on the paper was also in the same handwriting. I guess as Merry gave you this, and it's a woman's hand, that it comes from your dead cousin," said Tracey.

"I thought so!"

"Didn't she give it to Merry?"

"No, I went to the office this morning to look at some deeds connected with the property. They had to turn out the deed-box. It is large and hadn't been turned out to the very bottom for some time. As we searched, Merry picked up that envelope which was closed. He gave it to me. Merry says he never saw it before, so I expect poor Flora slipped it into the box one day when he was out of the room."

"But why should she do that?"

"I am as puzzled to account for her reason as I am to know what the message means."

"Can't Merry enlighten you?"