"All right, Olaf. Much obliged to you. Here, have a drink of this," said Holmes, with a grin, as he took from his hip-pocket a small bottle of whiskey, which he had thoughtfully provided for just such occasions as this, and offered it to Olaf.

"Thanks, Mr. Henderson. Gesundheit!" returned Olaf, taking a swig of the stuff.

"I heard down at the village this morning," Holmes continued, "as I came through, that the Earl had eleven very valuable diamond cuff-buttons stolen, and that the celebrated detective from London, Mr. Hemlock Holmes, is here now investigating the case. I wonder who swiped the shiners, anyhow."

"Oh, my! Oh, my!" and Olaf nearly choked on the whiskey as he spluttered in reply. "Ay know vere one of das cuff-buttons is, all right! Und Ay bet you das long-legged old fake Hemlock Holmes never finds it, either! He is a big bluffer. He doesn't do a single thing but stand around und talk sassy to us fellers at the castle, und since das Earl is half-stewed all the time, drinking das expensive vine mit Harrigan das butler, old Holmes, he finds it darned easy to pull das vool over das Earl's eyes, und make him believe he is earning das big fee he vill charge him! Ha, ha! He may snoop around here all he likes, but he'll never find das cuff-button, because Ay have got it hid in a goot hiding-place! Mr. Billie Budd, das gentleman from Australia, he took one pair of das cuff-buttons, und he gave one of dem to me to hide for him, until das excitement blows over, und den I give it back to him, und he pays me a big reward for it, und he takes it in to London and sells it for many tousand moneys. He escaped yesterday afternoon when das big walrus of a police inspector from London tried to arrest him; und he's not far away, Ay bet you."

Holmes had very good control of his facial muscles, and didn't crack a smile while the unsuspecting Olaf dribbled out the whole thing to him, but I, hidden in the next stall, had a hard time suppressing a laugh when I heard Holmes criticized to his face after that fashion.

"Well, that's very interesting, Olaf, I'm sure," said Holmes ingratiatingly. "Would you mind telling me just where this diamond cuff-button is hidden, now?"

Olaf put his tongue in his cheek, and winking at the false race-track follower, replied:

"Vat you want to know for? Ay bane taking no chances mit it, so Mr. Budd, ven he comes back, vill get it safe, und pay me das big reward he promised me."

"Oh, well; you don't need to tell if you don't want to," replied Holmes carelessly. "By the way, hasn't this great racer here got something the matter with his left hind hoof? There seems to be a lump just above it."

And Holmes pointed to Ajax's hoof, which his quick and discerning eyes had noticed while Olaf was making his long speech. The shot must have struck home, for Olaf showed great emotion at once.