“Yes, sir. It was worth more than he paid for it.”

“And yet it seemed likely to be a losing bargain for him. It would have been—but for me.”

Ashton looked at Walter inquiringly. The latter smiled.

“You gave me credit for being smarter than I was,” said Walter. “Mr. Green, here, came to my assistance.”

“I think, Mr. Ashton,” said Detective Green, with suavity, “that you have a wife and family in Dakota?”

“I, sir—”

“Yes; and it was to obtain money to join them that you sold your watch on the train?”

“Yes, sir,” answered Ashton, faintly.

“I am going to give you a bit of advice. It will be wise for you to go to Dakota, as you planned. This is a wicked city—in spots—and I am afraid you have been keeping bad company. How long have you known Beckwith?”

“About six months.”