Four nights later Holmes turned up at my apartment.

"Well," said I, "have you come to report progress?"

"Yes," he said. "The reward will arrive on time, but it's been the de'il's own job. Pretty, aren't they!" he added, taking a small package wrapped in tissue-paper out of his pocket, and disclosing its contents.

"Gee-rusalem, what beauties!" I cried, as my eyes fell on two such diamonds as I had never before seen. They sparkled on the paper like bits of sunshine, and that their value was quite $100,000 it did not take one like myself, who knew little of gems, to see at a glance. "You have found them, have you?"

"Found what?" asked Raffles Holmes.

"The missing pendants," said I.

"Well—not exactly," said Raffles Holmes. "I think I'm on the track of them, though. There's an old chap who works beside me down at Gaffany's who spends so much of his time drinking ice-water that I'm getting to be suspicious of him."

I roared with laughter.

"The ice-water habit is evidence of a criminal nature, eh?" I queried.

"Not per se," said Holmes, gravely, "but in conjunctibus—if my Latin is weak, please correct me—it is a very suspicious habit. When I see a man drink ten glasses of water in two hours it indicates to my mind that there is something in the water-cooler that takes his mind off his business. It is not likely to be either the ice or the water, on the doctrine of probabilities. Hence it must be something else. I caught him yesterday with his hand in it."