Penny had expected such a verdict as it confirmed her own observations, but for her friend's sake she was sorry that the painting had not turned out to be the original Rembrandt. Had they actually located the stolen picture it would be a simple matter to lay their evidence before the police and demand that Mrs. Dillon be forced to reveal the dealer from whom she purchased the property.

"Everything is in a queer muddle now," Penny commented thoughtfully. "Mrs. Dillon really isn't guilty of any crime at all, for she didn't buy a stolen picture. We can't very well cause her arrest."

"Mrs. Dillon should complain to the police that she was cheated."

"She doesn't know it yet," Penny chuckled. "When she finds out about it, I imagine she'll never report the dealer. Her own part in the affair would be too humiliating. Even if she didn't buy stolen property, that was her intention."

"I suppose the real crooks counted upon just such a reaction," Amy said. "When they sold her that fake painting they knew they were safe."

"And in the meantime the genuine Rembrandt is still missing," Penny replied musingly. "I have a suspicion this dishonest dealer, who sold Mrs. Dillon the fake picture, might be able to throw a little light upon the subject."

"But how will we ever trace him unless we notify the police?"

"I am afraid that would be a sure way of losing his trail completely," Penny replied. "Mrs. Dillon's arrest would be the signal for the dishonest dealer to get out of town."

"That's probably true."

"We must work this thing out cautiously," Penny declared. "Perhaps if we went to Mrs. Dillon and talked with her—"