“I believe you know these gentlemen,” said Mr. Reynolds, gravely. “I have thought it best to make our present investigation thorough and complete.”

“I have met the gentlemen before,” said Ford, uncomfortably.

“You also have met them, Grant, have you not?”

“Yes, sir.”

“Have you had any business transaction with either?”

“Yes, sir. Mr. Morrison met me on Wall Street and handed me two bonds, with a request that I would sell them for him, and hand him the money the next morning, at the Fifth Avenue Hotel.”

“Were these the same bonds that you sold to Mr. Ford?”

“Yes, sir.”

“I think the boy is lying, sir,” burst out Ford.

“What have you to say to the boy's story, Mr. Morrison?” asked the broker.