S CEDBBWYB SWOCNA VMD Y&F GC AVSNY
NCA &MW&M&L. HZF EDM HYW ZUM IKQ
BSCOAIIQVV ZXK FJOP WOD. KWX DWVXJ.
LEE FVTHV G&HJT LSZAND EBCC BFKY NCAFP
VEDFSF. BSQ ZWVXJ YXM II PL GC DCR FPBV
EA&BO ULS RLZQ WB NELJ KZNEDLKDUAA.
CSQVE VDEV-FBACP! S'WX OS QQTB EHHZXV.

J.

I had no proof on beholding this meaningless assortment of letters that it had anything to do with my case, but I had a hunch. The question was how to get possession of it without showing my hand. I kept silent for a while, and let the discussion rage as to the proper way to translate it.

My excitable friend McArdle (who did not know me, of course, in my present character), naturally as the finder of the paper took a leading part in the discussion. The principals of the company had not yet emerged from their dressing-rooms. My opportunity came when McArdle stated in his positive way that it was a code, and that it was not possible to translate it without having the code-book.

"A code is generally regular words," I suggested mildly, as became the newest and humblest member of the company. "Nobody would ever think up these crazy combinations of letters. I should say it was a cryptogram."

McArdle wouldn't acknowledge that he didn't know what a cryptogram was, but somebody else asked.

"Substituting one letter for another according to a numerical key," I said. "Easy enough to translate it if you can hit on the key."

One thing led to another and soon came the inevitable challenge.

"Bet you a dollar you can't read it!" cried McArdle.

I hung back until the whole crowd joined him in taunting me.