The Sergeant, accustomed to this lack of sympathy, merely sighed, and said with unimpaired good humour: "Well, I haven't, so far, got to the bottom of Mr. Budd's trouble. He calls himself an outside broker, and, by what I can make out, the late Ernest was in the habit of using him as a kind of cover-man every time he wanted to put through any deals which, strictly speaking, he oughtn't to have put through. At least, that's the way it looked to me, putting two and two together, and making allowances for a bit of coyness on friend Budd's part."

"I'd gathered that he was a broker. There are one or two copies of letters to him amongst Fletcher's papers, and a few of his replies. I haven't had time yet to go through them carefully. What took him down to see Fletcher at nine o'clock at night?"

"That's where the narrative got what you might call abstruse," replied the Sergeant. "Nor, if you was to ask me, should I say that I actually believed all that Budd told me. Sweating very freely, he was. But then, it's been a hot day, and he's a fleshy man. However, the gist of it was that owing to the difficulty of hearing very well over the telephone there was some sort of misunderstanding about some highly confidential instructions issued by the late Ernest in - er - a still more highly confidential deal. Our Mr. Budd, not wishing to entrust any more of this hush-hush business to the telephone, went off to see the late Ernest in person."

"It sounds very fishy," said Hannasyde.

"That's nothing to what it smelt like," said the Sergeant. "I had to open the window. But bearing in mind that the man we're after isn't Budd, I didn't press the matter much. What I did see fit to ask him, though, was whether the aforesaid misunderstanding had led to any unpleasantness with the late Ernest."

Hannasyde nodded. "Quite right. What did he say?"

"Oh, he behaved as though I was his Father Confessor!" said the Sergeant. That may have been on account of my nice, kind personality, or, on the other hand, it may not. But he opened right out like a poppy in the sun."

"I can do without these poetical flights," said Hannasyde.

Just as you say, Chief. Anyway, he took me right to his bosom. Fairly oozed natural oil, and what I took to be highly unnatural frankness. He didn't keep a thing from me - nothing I'd already got wind of, at any rate. There was a little unpleasantness, due to the late Ernest's having assumed that certain of his instructions had been acted on, which, owing to the telephone and one thing and another, they hadn't been. However, once the late Ernest had got over his naughty temper, all became jake again, and they parted like brothers."

"Oh!" said Hannasyde. "Quite plausible. It might be true."