"A man who is a thief!" The words fell distinctly from Carmody's lips with the studied quiet of desperation. Ethel stared wild-eyed at the speaker, and in the frozen silence of the room her tiny fists doubled until the knuckles whitened.

Noting the effect upon the girl, he continued, speaking more rapidly now that the dreaded word had been uttered.

"I had no wish to tell you this thing. It is a secret I would gladly have kept locked within my own breast. But I came here this evening with a purpose—to save, in spite of herself, if need be, the daughter of my dead friend from a life of suffering which would inevitably fall to the lot of any pure-hearted woman who linked her life with that of an unscrupulous scoundrel, in whom even common decency is dead, if, indeed, it ever lived."

"He is not a thief! He——" began Ethel vehemently, but the man interrupted her.

"Wait until you have heard the facts. Last week, on Friday, there was entrusted to my son's care for delivery a heavy manila envelope containing fifty thousand dollars' worth of negotiable bonds. It was a matter of vital importance that these be delivered within a specified time. Ignoring this fact, he pocketed the bonds, and, in company with a number of his acquaintances, indulged in a drunken spree which culminated after midnight in a disgraceful street scene in the Broadway theatre district.

"The following morning, when I confronted him, he flouted me to my face, whereupon I virtually disinherited him. Not wishing to turn him away penniless, I handed him a check for a considerable amount which he saw fit to destroy melodramatically in my presence. Upon my request for the return of the securities, he handed me an envelope identical with that in which the bonds had been placed. I carried the packet to the bank where it was opened and found to contain not the bonds—but those letters.

"To avoid a scandal I made good the loss. I learned later, through investigation, that upon leaving home he came directly to this house, where he remained for upward of a half-hour.

"Further than this I know nothing of his movements except that he reëntered the taxi and proceeded down-town. At Thirty-Fourth Street, where the chauffeur slowed down for instructions, he found the cab empty."

"And these are the facts upon which you base your accusation?" asked the girl coldly. "You, his own father!"

"To an unbiased mind the evidence allows but one interpretation."