"I will consider your advice, squire."

But it was very clear that Tony Denton would not follow it.

All at once Prince Duncan brightened up. He had a happy thought. Should it be discovered that the bonds used by Tony Denton belonged to the contents of the stolen box, might he not succeed in throwing the whole blame on the billiard-saloon keeper, and have him arrested as the thief? The possession and use of the bonds would be very damaging, and Tony's reputation was not such as to protect him. Here seemed to be a rift in the clouds—and it was with comparative cheerfulness that Mr. Duncan placed the second bond in the hands of the visitor.

"Of course," he said, "it will be for your interest not to let any one know from whom you obtained this."

"All right. I understand. Well, good morning, squire; I'm glad things are satisfactory."

"Good morning, Mr. Denton."

When Tony had left the room, Prince Duncan threw himself back in his chair and reflected. His thoughts were busy with the man who had just left him, and he tried to arrange some method of throwing the guilt upon Denton. Yet, perhaps, even that would not be necessary. So far as Mr. Duncan knew, there was no record in Mr. Armstrong's possession of the numbers of the bonds, and in that case they would not be identified.

"If I only knew positively that the numbers would not turn up, I should feel perfectly secure, and could realize on the bonds at any time," he thought. "I will wait awhile, and I may see my way clear."