"We'll have to watch our chances. I've told you all that I know, and you're on an even working basis with me. At first I thought that I understood the object of those who are planning to ruin us in this cowardly manner. But I don't now. If they ruin us they also destroy the chances of any other company that may be scheming to usurp our place. For that reason I—"
"There must still be other factors in the game," said Gregson, as Philip hesitated.
"There are. I want you to work out your own suspicions, Greggy, and then we'll compare notes. Lord Fitzhugh is the key to the whole situation. No matter who is at the bottom of this plot, Lord Fitzhugh is the man at the working end of it. We don't care so much about the writer of this letter as the one to whom it was written. It is evident that he had planned to be at Churchill, for the letter is addressed to him here. But he hasn't shown up. He has never been here, so far as I can discover."
"I'd give a year's growth for a copy of the BRITISH PEERAGE or a WHO'S WHO," mused Gregson, flecking the ashes from his cigarette. "Who the deuce can this Lord Fitzhugh be? What sort of an Englishman would mix up in a dirty job of this kind? You might imagine him to be one of the men behind the guns, like Brokaw. But, by George, he's working the dirty end of it himself, according to that letter!"
"You're beginning to use your head already, Greggy," said Philip, a little more cheerfully. "I've asked myself that question a hundred times during the last three days, and I'm more at sea than ever. If it had been plain Tom Brown or Bill Jones, the name would not have suggested anything beyond what you have read in the letter. That's the question: Why should a Lord Fitzhugh Lee be mixed up in this affair?"
The two men looked at each other keenly for a few moments in silence.
"It suggests—" began Gregson.
"What?"
"That there may be a bigger scheme behind this affair than we imagine. In fact, it suggests to me that the northerners are being stirred up against you and your men for some other and more powerful reason than to make you get out of the country and compel the government to withdraw your license. So help me God, I believe there's more behind it!"
"So do I," said Philip, quietly.