"I didn't expect to have the honor of a call from your lordship," said the guest of the Golden Lion, bowing low. "If your lordship had indicated to me his pleasure--"

The nobleman whipped a greatcoat from his shoulders and tossed it to the landlord. "Was coming to the village on another little matter, and thought I might as well drop in and see you," he observed to the guest, "instead of waiting for you to come to Strathorn House. You have the stock-lists and market prices with you?" he queried meaningly. The other answered in the affirmative. "Very good, we will consider the matter, and--you may go, landlord."

But when the innkeeper had taken his departure no further word was said by the nobleman of securities or values; Lord Ronsdale gazed keenly at his companion. Without, the wind swept drearily down the little winding street, and sighed about the broad overhanging eaves.

"Well," he spoke quickly, "I fancy you have a little something to tell me, Mr. Gillett?"

"'A little something?'" The latter rubbed his hands. "More than a little! Your lordship little dreamed, when--"

"Spare me your observations," broke in the nobleman. "Come at once to the business on hand." His voice, though low, had a strident pitch; behind it might be fancied strained nerves.

"As your lordship knows, good fortune or chance favored me at the start; that is, along one line, the line of general investigation. The special inquiry which your lordship mentioned, just as he was leaving my office, proved for a time most illusive."

"You mean the object of John Steele's visit to the continent?"

"Exactly. And the object of that visit solved, I have now a matter of greatest importance to communicate, so important it could only be imparted by word of mouth!" The police agent spoke hastily and moved nearer.

"Indeed?" Lord Ronsdale's thin, cold lips raised slightly, but not to suggest a smile; his eyes met the police agent's. "You have reached a conclusion? One that you sought to reject, perhaps, but that wouldn't be discarded?"