And Grant continued. “The accountants have been unable to make their yearly audit of our books until this week. It was during their work to-day that they discovered the theft. So I thought before taking any action I had best come straight to you.”

“Who stole it?”

Morton Grant’s terrible moment had come—his ordeal excruciating and testing. He looked piteously toward his hat. He felt that it might help him to hold on to it. But the hat was too far to reach, and alone, without prop, he braced himself for his supreme moment of loyalty.

“Who stole it?” Bransby’s patience was wearing thin. The fumbling man prayed for grit to take the plunge clean and straight. But the deep was too cold for his nerve. He shivered and slacked.

“Why—er—the fact of the matter is—we are not quite sure.”

“Yes, you are—who stole it?”

“Mr. Bransby, I—” the dry old lips refused their office.

Even in his own impatience, tinged with anxiety now (it disturbed him to have trusted and employed untrustworthy servants), Bransby was sorry for the other’s painful embarrassment. And for that he said all the more roughly, “Come, come, man. Out with it.”

“Well, sir,” Grant’s voice was nervously timid, almost craven—and not once had he looked at Richard Bransby—“all the evidence goes to prove that only one man could have done it.”

“And who is that man?” demanded the quick, hard voice.