"I don't know. But it does seem to me that if those bonds aren't your property then you had no right to pledge 'em in that stock deal. And that your takin' Kent's four hundred dollars in part payment for 'em comes pretty nigh to what a lawyer would call gettin' money under false pretenses. So the arrests might be even-Stephen, so far as that goes."

This was the sheerest "bluff," but it was delivered with all the assurance in the world. It had not precisely the effect Sears had hoped for. Egbert did not seem so much frightened as annoyed by it. He frowned, walked across the room and back, looked at the clock, then out of the window, and finally turned to his opponent.

"Recognizing, of course," he sneered, "the fact that all this is absolutely none of your business, Kendrick; may I ask why you didn't come to me in Bayport instead of here?"

The captain's smile returned. "I did try to come, Egbert," he answered. "But you had gone and so had the things in your room. You told Sarah and the stable folks you were goin' to Trumet. When I found you hadn't gone there, but were bound for here—after hidin' your valises over night in Tabby Crosby's shed—I decided you might be goin' even farther than Denboro, and that if I wanted to see you pretty soon—or ever, maybe—I'd better hoist sail and travel fast. When the depot folks told me you were askin' about the three-fifteen I felt confirmed in my judgments, as the fellow said. Now if you'll tell me about those bonds?"

Another turn by Phillips across the parlor and back. Then he asked, with sarcasm, "If I were to tell you that those bonds were given me by Mrs. Berry, you wouldn't believe it, I presume?"

"We-ll, I'd like to hear a little testimony from Cordelia first."

"May I ask why you did not go to her instead of to me?"

"I didn't have a chance. You got away too soon."

"Possibly you may have thought that she, too, would consider it none of your business. And, since you won't take my word, how do you expect me to prove—here in Denboro that those bonds are mine?"

"I don't know. But if it can't be proved in Denboro, then I'm afraid, Egbert, that you'll have to go back to Bayport with me and prove it there.... Oh, I know you'd hate to go, but——"