CHAPTER XXIII.

MR. WEST EXPLAINS.

A cry of amazed protest burst from the girls. The Major whistled softly and walked to the window.

"I find the stock properly transferred," continued Uncle John, grimly conscious that he was as thoroughly disappointed as the girls. "It is signed by both Wegg and Thompson, and witnessed in the presence of a notary. I congratulate you, Mr. West. You have acquired a fortune."

"But not recently," replied the hardware dealer, enjoying the confusion of his recent opponents. "I have owned this stock for more than three years, and you will see by the amount endorsed upon it that I paid a liberal price for it, under the circumstances."

Uncle John gave a start and a shrewd look.

"Of course you did," said he. "On paper."

"I have records to prove that both Captain Wegg and Will Thompson received their money," said West, quietly. "I see it is hard for you to abandon the idea that I am a rogue."

There could be no adequate reply to this, so for a time all sat in moody silence. But the thoughts of some were busy.

"I would like Mr. West to explain what became of the money he paid for this stock," said Louise; adding: "That is, if he will be so courteous."