"It won't do," mutters Carnes, half to himself, and with a slow wag of the head; "it won't do."

"That's what I said to myself, after reviewing the pros and cons of the 'murder theory.' Now, was Nellie Ewing abducted? She may have been, but, again, there's the missing horse. If a tramp or a horse-thief would take the horse, and leave the girl, a desperate lover would just as surely take the girl and leave the horse. Again, an avaricious lover might, with some difficulty, secure both horse and rider, but he could hardly travel far with an unwilling girl and a stolen horse, without becoming uncomfortably conspicuous. Did the young lady elope? If so, then it is my belief that she and her horse parted company very soon after she left the widow Ballou's. And here ends my theorizing. How, and why, and whither, the horse was spirited away, I can not guess."

"If the thing had occurred in Trafton," says Carnes, thoughtfully, "one might account for the horse."

"True; but as it did not occur within the limit of the Trafton operations, I naturally concluded that, if the young lady really did abscond, her lover must have had a confederate who took charge of the horse. But, at first, this seemed to me improbable."

"Why improbable?"

"Because I did not view the matter, as you do now, in the light of after discoveries and developments."

"Then you think now that Miss Ewing eloped?"

"I think she was not murdered; and the elopement theory is much more plausible, more reasonable, all things considered, than that of abduction. First of all, there are the movements of the girl herself. Supposing her quartered for the night with her friend Grace, 'Squire Ewing felt no uneasiness at her absence, even when it was prolonged into the second day. Might she not have considered all this when she planned her flight? When she was actually missed, she had two days the start of her inquiring friends."

"True."