"Stop and look at the matter a minute, sir. It hardly seems reasonable that a green boy at the business should know all about negotiable securities, and take only such out of the envelope, leaving all others. In what way could I attempt to dispose of such things, since I have never been out of Riverview in all my life? If these papers have been stolen and are being offered for sale somewhere, it looks to me as though some pretty clever man must have done the stealing, instead of a bank boy."

The cashier looked interested at what he said.

"At least the boy talks sense, Graylock. If there is a leak in this bank we are bound to discover it in short order. You need not worry about it, sir, since you are protected by our assurance that we will do all in our power to recover your securities; and if it can be proven conclusively that any one in our employ took them the bank is bound to remunerate you, even though its resources be badly crippled in so doing. Mr. Gibbs is unfortunately away to-day, but I shall wire to him immediately. Until he comes nothing more can be done," he remarked, positively.

"And about this boy—what will you do?" asked the merchant, turning to frown at Dick, as though in spite of all he either could not or would not allow himself to get rid of the idea that the messenger knew something about the missing papers.

"Nothing just now. There is really no tangible evidence that he took the securities, sir; you must admit that it is only suspicion as yet with you?" returned the cashier, gloomily, gnawing at his upper lip nervously, and playing with his pencil by tapping it on the table.

"But he handled the packet, you admit?" declared Mr. Graylock, stubbornly.

"So did Mr. Payson, who declares he put it away on that day as soon as he returned from lunch; so did I right here before your eyes. I have been trying to recall the exact circumstances of that day, but I seem to be a little hazy, which, however, is not to be wondered at under the circumstances, for this thing has given me a terrible shock, sir. It will be your duty to have some one find the man who offered one of the stolen securities to your friend, and in that way discover the identity of the guilty person. I shall be sorry for him when found; Mr. Gibbs is a martinet when it comes to duty, and the one who took those papers will undoubtedly have occasion to repent behind the bars."

He looked at Dick as he said those last words, but the boy did not quail in the least, his calm eyes meeting those of the nervous cashier steadily.

"Innocent, or hardened, which," was what was passing through the mind of Mr. Goodwyn, as he noted this unflinching behavior of the suspected youth.

"Do you wish to ask me anything more, sir?"