"I know him," answered Polke. "He's come to this neighbourhood for many years. Yes—an honest chap enough—bit given to poaching, no doubt, but straight enough in all other ways—no complaint of him that I ever heard of. I should believe all he says about this."

"Then, as that's undoubtedly Mr. Horbury's pipe, and as this gentleman saw him smoking it at two o'clock on Saturday, and as Creasy picked it up underneath Ellersdeane Tower on Sunday evening," said Starmidge, "there seems no doubt that Mr. Horbury went that way, and dropped it where it was found. But—I can't think he was carrying Lord Ellersdeane's jewels home!"

"Why?" asked Neale.

"Is it likely?" suggested Starmidge. "One's got—always—to consider probability. Is it probable that a bank manager would put a hundred thousand pounds' worth of jewels in his pocket, and walk across a lonely stretch of land at that time of night, just to hand them over to their owner? I think not—especially as he hadn't been asked to do so. I think that if Mr. Horbury had been in a hurry to deliver up these jewels, he'd have driven out to Lord Ellersdeane's place."

"Good!" muttered Polke. "That's the more probable thing."

"Where are the jewels, then?" asked Neale.

Starmidge glanced at Polke with one expression, at Betty and Neale with another.

"They haven't been searched for yet, have they?" he asked quietly. "They may be—somewhere about, you know."

"You mean to search for them?" exclaimed Betty.

"I don't know what I intend to do," replied Starmidge, smiling. "I haven't even thought. I shall have thought a lot by morning. But—the country's being searched, isn't it, for news of Mr. Horbury?—perhaps we'll hear something. It's a difficult thing for a well-known man to get clear away from a little place like this. No!—what I'd like to know—what I want to satisfy myself about is—did Mr. Horbury go away at all? Is there really anything missing from the bank? Are those jewels really missing? You see," concluded Starmidge, looking round his circle of listeners, "there's an awful lot to take into account."