"The question is—so it seems to me—what is to be done," replied the Earl, whose face had been gradually growing graver. "What, for instance, are you going to do, Mr. Chestermarke? Let us be plain with each other. You disclaim all liability in connection with my affair?"

"Most certainly!" exclaimed Gabriel. "We know nothing of that transaction. As I have already said, if Horbury took charge of your lordship's property, he did so as a private individual, not on our behalf, not in his capacity as our manager. If your lordship had been a customer of ours——"

"That would have been a very different matter," said Joseph. "But as we have never had any dealings with your lordship——"

"We have, of course, no liability to you," concluded Gabriel. "The true position of the case is that your lordship handed your property to Horbury as a friend, not as manager of Chestermarke's Bank."

"Then let me ask you, what are you going to do?" said the Earl. "I mean, not about my affair, but about finding your manager?"

Gabriel looked at his nephew: Joseph shook his head.

"So far," said Joseph, "we have not quite considered that. We are not yet fully aware of how things stand. We have a pretty good idea, but it will take another day."

"You don't mean to tell me that you're going to let another day elapse before doing something?" exclaimed the Earl. "Bless my soul!—I'd have had the hue and cry out before noon today, if I'd been you!"

"If you'd been Chestermarke's Bank, my lord," remarked Joseph, in his softest manner, "that's precisely what you would not have done. We don't want it noised all over the town and neighbourhood that our trusted manager has suddenly run away with our money—and your jewels—in his pocket."

There was a curious note—half-sneering, half-sinister—in the junior partner's quiet voice which made the Earl turn and look at him with a sudden new interest. Before either could speak, Neale ventured to say what he had been wanting to say for half an hour.