"Not necessarily. The robbery took place early in the evening before all this rumpus occurred. Even if Mose did see a ghost, the ghost had nothing to do with it."

"You have absolutely no proof of that; it is nothing but surmise."

Clancy smiled with an air of patient tolerance.

"How about the letter?" he inquired. "How do you explain that?"

"I don't explain it; it is none of my business. But I dare say Radnor will do so readily enough—there he is going toward the stables; we will call him over."

"No, hold on, I haven't finished what I want to say. I was employed by Colonel Gaylord to find out who stole the bonds and I have done so. But the Colonel did not suspect the direction my investigations would take or he never would have engaged me. Now I am wondering if it would not be kinder not to let him know? He's had trouble enough with his elder son; Radnor is all he has left. The young man seems to me like a really decent fellow—I dare say he'll straighten up and amount to something yet. Probably he considered the money as practically his already; anyway he's been decent to me and I should like to do him a service. Now say we three talk it over together and settle it out of court as it were. I've put in my time down here and I've got to have my pay, but perhaps it would be better all around if I took it from the young man rather than his father."

This struck me as the best way out of the muddle, and a very fair proposition, considering Clancy's point of view. I myself did not for an instant credit his suspicions, but I thought the wisest thing to do was to tell Rad just how the matter stood and let him explain in regard to the letter. I left Clancy waiting in the summer house while I went in search of Rad. I wished to be the one to do the explaining as I knew he was not likely to take any such accusation calmly.

I found him in the stables, and putting my hand on his shoulder, marched him back toward the garden.

"Rad," I said, "Clancy has formed his conclusions as to how the bonds left the safe, and I want you to convince him that he is mistaken."

"Well? Let's hear his conclusions."