“It was handed me by a young man who just left the car,” said Phil.

“That's a likely story,” sneered the conductor.

“Young men are not in the habit of giving valuable rings to strangers.”

“He did not give it to me, I advanced him five dollars on it.”

“What was the young man's name?” asked the conductor incredulously.

“There's his name and address,” answered Phil, drawing from his pocket the paper handed him by Mr. Lake.

“Lionel Lake, 237 Broadway,” repeated the conductor. “If there is any such person, which I very much doubt, you are probably a confederate of his.”

“You have no right to say this,” returned Phil indignantly.

“I haven't, haven't I?” snapped the conductor.

“Do you know what I am going to do with you?”