“Well, sir?”

“Well, sir? Half of them are not there. They’re dummies tied up and docketed.”

“But the real deeds?”

“Pledged for advances in all sorts of quarters. Money raised upon them at a dozen banks, perhaps, in town.”

“But—I don’t understand you, Thickens; you do not mean that you—”

“That I, Mr Bayle!” cried the clerk passionately. “Shame upon you!—do you think I could be such a scoundrel—such a thief?”

“But these deeds, and this scrip, what are they all?”

“Valuable securities placed in Dixons’ hands for safety.”

“And they are gone?”

“To an enormous amount.”