“No, Fanchon; I may as well speak openly; I have made up my mind about it. I think it likely that I can arrange a little picnic for you and me, and perhaps Mr Jordan, and perhaps Mr Burbery, some day before we leave; and on that occasion you shall wear the bangle, but not before. Now don’t worry me, child. Let’s get into bed, both of us, as quietly as we can; it’s later than usual.”

Fanchon was so sleepy that she was glad to comply; Brenda herself was also thoroughly weary, and dropped sound asleep the moment her head touched her pillow.

But downstairs in Mrs Dawson’s little parlour, a deep consultation had taken place. The real bracelet, the lost bangle, lay absolutely on Mrs Dawson’s lap. She was comparing the delicate engraving with the outline of a similar engraving in Mademoiselle’s notebook.

“It is the same,” said Mademoiselle. “There is no doubt that the thief—it is that wicked governess, Brenda Carlton. Now, Madame, you can, if you please, take this bangle to those persons who have put the announcement in the newspaper; or you can deliver it up to the police to-morrow morning, but if you are wise, you will do neither of these things.”

“And what shall I do?” asked Mrs Dawson. “It’s really a horrid thing to have happening in this house, but a guinea and a half each isn’t to be despised, is it, Mademoiselle?”

“I do agree that the reward shall be divided,” said Mademoiselle; “but, as a matter of fact, it was I who made the so great discovery.”

“I know that,” said Mrs Dawson; “but you wouldn’t have thought of it if I had not put you on the scent.”

“True, true,” echoed Mademoiselle, “and I think not for a moment but of dividing the spoil. Nevertheless, Madame, there are greater things to be obtained than just a trumpery tree guineas, and my advice to you is: say notting—but leave the matter absolument in my hands. I have my own plans, and they will include you. Think what discovery would mean—just now, in the height of your so short season. It would mean that Mademoiselle Carlton and her three pupils left your establishment. It would not redound to your credit. Your other boarders might take the fright. They would say she harbour the thief, how can we by any possibility continue to reside under her roof?”

“You are right,” said Mrs Dawson. “The whole thing is most disagreeable; I don’t really know what to do.”

“But I know how to assist you and myself to keep all esclandres at bay. We court it not, Madame. It is not good for your beautiful home; but the breath of scandal, Madame, it is—oh, assurément, of the most fatal!”