"We don't know yet—exactly—why Hollis went to Scarnham," said the elder detective. "We hoped you could help us. But, as you can't—well, we're much obliged, Mr. Stipp. That your governor over the chimney-piece there?"

"Taken a few years ago," replied Mr. Stipp carelessly. "I say—you don't know what Hollis was empowered to offer us, do you?"

The two detectives looked at each other; a quiet nod from Starmidge indicated that he left it to Easleby to answer this question. And after a moment's reflection, Easleby spoke.

"Mr. Hollis was empowered to offer ten thousand pounds in full satisfaction, Mr. Stipp," he said. "And what's more—a cheque for that amount was found on his dead body when it was discovered. Now, sir, you'll understand why we want to know who it was that he went to see at Scarnham!"

Both men were watching the money-lender's manager with redoubled attention. But it needed no very keen eye to see that the surprise which Mr. Stipp had already shown at various stages of the interview was nothing to that which he now felt. And in the midst of his astonishment the two detectives bade him good-day and left him, disregarding an entreaty to stop and tell him more.

"My lad!" said Easleby, when he and Starmidge were out in the street again, "that chap has no more conception that his master is Gabriel Chestermarke than we had—twenty-four hours since—that Gabriel Chestermarke and Godwin Markham are one and the same man. He's a clever chap, this Gabriel—and now you can see how important it's been for him to keep his secret. What's next to be done? We ought to keep in touch with him from now."

"I'm expecting word from Gandam at noon at headquarters," answered Starmidge, who had already told Easleby of the visit of the previous night. "Let's ride down there and hear if any message has come in."

But as their taxi-cab turned out of Whitehall into New Scotland Yard they overtook Gandam, hurrying along. Starmidge stopped the cab and jumped out.

"Any news?" he asked sharply.

"He's off, Mr. Starmidge!" replied Gandam. "I've just come straight from watching him away. He left his house about nine-twenty, walked to the St. John's Wood Station, went down to Baker Street, and on to King's Cross Metropolitan. We followed him, of course. He walked across to St. Pancras, and left by the ten-thirty express."