"I am not surprised," he said. "I expected it."

Tony Denton now made a clean breast of the whole affair, and his words were taken down.

"Are you willing to go to Groveton with me, and repeat this in presence of Mr. Duncan?" asked Mr. Armstrong.

"Yes."

"Will you not have him arrested?" asked Mr. Gay.

"No, he has every reason to keep faith with me."

It was rather late in the day when Mr. Armstrong, accompanied by Tony Denton, made their appearance at the house of Prince Duncan. When the banker's eyes rested on the strangely assorted pair, his heart sank within him. He had a suspicion of what it meant.

"We have called on you, Mr. Duncan, on a matter of importance," said Mr. Armstrong.

"Very well," answered Duncan faintly.

"It is useless to mince matters. I have evidence outside of this man's to show that it was you who robbed the bank of which you are president, and appropriated to your own use the bonds which it contained."