"Never!" replied Neale. "Mr. Horbury never mentioned it to me."

Gabriel waved his hand towards the open door of the strong room.

"Any valuables of that sort would have been in there," he remarked. "There is nothing of that sort there—beyond what I and my nephew know of. I am sure your lordship's jewels are not there."

"But—Horbury?" exclaimed the Earl. "Where is he? He would tell you!"

"We don't know where Mr. Horbury is," answered Gabriel "The truth may as well be told—he's missing. And so are some of our most valuable securities."

The Earl slowly looked from one partner to another. His face flushed, almost as hotly as if he himself had been accused of theft.

"Oh, come!" he said. "Horbury, now, of all men! Come—come!—you don't mean to tell me that Horbury's been playing games of that sort? There must be some mistake."

"I shall be glad to be assured that I am making it," said Gabriel coolly. "But it will be more to the purpose if your lordship will tell us all about the deposit of these jewels. And—there's an important matter which I must first mention. We have not the honour of reckoning your lordship among our customers. Therefore, whatever you handed to Horbury was handed to him privately—not to us."

Joseph Chestermarke nodded his head at that, and the Earl stirred a little uneasily in his chair.

"Oh, well!" he said. "I—to tell you the truth, I didn't think about that, Mr. Chestermarke. It's true I don't keep any account with you—it's never seemed—er, necessary, you know. But, of course, I knew Horbury so well—he's a member of our golf club and our archæological society—that——"