"I'm blind still," Littimer said, curtly. "My dear young lady, I admit that you are making out a pretty strong case; indeed, I might go farther, and say that you have all my sympathy. But what you say would not be taken as evidence in a court of law. If you produce that ring, for instance—but that is at the bottom of the North Sea."

Chris took a small cardboard box from her pocket, and from thence produced a ring. It was a ruby ring with black pearls on either side, and had some inscription inside.

"Look at that," she said. "It was sent to me to-day by my—by a friend of mine. It is the ring which Reginald Henson shows to Lady Littimer when he wants money from her. It was lost by Henson a night or two ago, and it fell into the hands of someone who is interested, like myself, in the exposure and disgrace of Reginald Henson."

Littimer examined the ring carefully.

"It is a wonderfully good imitation," he said, presently.

"So I am told," said Chris. "So good that it must have actually been copied from the original. Now, how could Henson have had a copy made unless he possessed the original? Will you be good enough to answer me that question, Lord Littimer?"

Littimer could do no more than gaze at the ring in his hand for some time.

"I could have sworn—indeed, I am ready to swear—that the real ring was never in anybody's possession but mine from the day that Frank was a year old till it disappeared. Of course, scores of people had looked at it, Henson amongst the rest. But how did Claire Carfax—"

"Easily enough. Henson had a first copy made from a description. I don't know why; probably we shall never know why. Probably he had it done when he knew that your son and Miss Carfax had struck up a flirtation. It was he who forged a letter from Frank to Miss Carfax, enclosing the ring. By that means he hoped to create mischief which, if it had been nipped in the bud, could never have been traced to him. As matters turned out he succeeded beyond his wildest expectations. He had got the real ring, too, which was likely to prove a very useful thing in case he ever wanted to make terms. A second and a faithful copy was made—the copy you hold in your hands—to hold temptingly over Lady Littimer's head when he wanted large sums of money from her."

"The scoundrel! He gets the money, of course?"