I held the packet in my hands for I don't know how many seconds, almost afraid to open it. Inside was the secret that had lost Bryce his life, the secret that had cost, though I did not know it at the time, almost a dozen lives, and that would bring two at least of our associates perilously close to the grave before our work was ended. Moira shared some of my hesitation, for she made no effort to hurry me into undoing the packet, but stood awaiting my pleasure.

The string was tied so tightly that I could not unknot it. I drew my knife and cut it, and the oil-skin unrolled of itself. The first thing I came across was a letter from Bryce addressed to the two of us. It was not contained in an envelope, but seemed to have been slipped in as an after-thought. It ran:—

Dear Moira and Dear Jimmy,—

If you ever read this it will be because I am no more and have failed to bring my plans to a successful conclusion. In that case I look to the two of you to carry on from the point where I left off, but because you are both young, and so have very little sense, I don't intend to let either of you fall into an easy thing. There's money at the back of this, enough to make you rich for life, but you'll have to use the brains you both have got and work like the very dickens to get it. I've put some of the necessary directions in a cypher that a child could read, but apart from that you'll have to use your heads. As you know some things that Moira doesn't, Jimmy, and vice versa, you can see that it won't pay either of you to quarrel.

The man who really holds the key to the situation is a gentleman named Abel Cumshaw. Abel, I understand, is in his second childhood, and can never be brought to realise that it is any later than the early eighties, but his son Albert is a most astonishing young fellow, as you'll find when you meet him, if you have not already done so before this falls into your hands. You see I have sufficient confidence in your ability to believe that you will find this package sooner or later. If it's too late when you do find it, of course the joke'll be on the pair of you.

Now, a word to you, Moira. Jimmy knows the hidden valley quite well, so don't believe him if he says he doesn't. I spent nearly an hour the other day telling him all about it, and even went the length of showing him a map of the place. If he doesn't help you out, it's because he's got a bad memory.

As for yourself, Jimmy, remember that you can't get along without Moira and don't try. Once you've found what you're looking for you can each go your own way, but I rather fancy you won't want to then. I think that's about all, unless to remind you that Mr. Albert Cumshaw will be entitled to his fair share of the spoils.

And on that note the letter ended, and underneath was his sprawling signature, "H. Bryce," written as firmly as ever he had written it.

"Well, what do you make of that?" I asked when I had finished reading it.

"I—I——"