Very few people wondered about Blair Windsor’s connection with the facts that were revealed. Henry Windsor was greatly pleased that his younger brother was released.

When Harry Vincent learned this fact, he formed a few conclusions of his own.

He believed that The Shadow had deliberately shielded Blair Windsor to give the young man another opportunity. Blair had unquestionably been lured by the promises of Isaac Coffran until he had reached a position from which he could not withdraw.

He had not approved of the plot to murder his brother Henry.

Harry Vincent felt no malice toward Blair Windsor. He was glad of the outcome.

But he could not help thinking of that signed paper which Isaac Coffran had possessed. The torn corner had not been mentioned in Birdie Crull’s confession. The confession — referred to as a dictation to Vic Marquette — simply stated that Crull had taken evidence from Harvey Griffith’s pocket.

“Where is the paper?” Harry Vincent asked himself, as he pondered over the problem, in his room at the Metrolite Hotel.

Then he smiled, as his lips framed the answer:

“The Shadow knows!”