“Why not?” asked the old gentleman, opening his eyes in surprise.

“Because he is the horse thief!”

[ [!-- H2 anchor --] ]

CHAPTER XXXVII

WALTER IS VINDICATED

“Bless my soul!” ejaculated the colonel. “Surely you are joking.”

“No, I assure you I am not.”

“Then how does it happen that Mr. Sherwood is sitting here in your office instead of being—”

“In the lockup?”

“Yes.”