"On the contrary, I do not," returned Cleek, emphatically. "If my theory's correct, Borkins is not the murderer of Dacre Wynne. Much more likely to be Nigel Merriton, for that matter. Then there's the question of this I.O.U. that I found on the body. Signed 'Lester Stark', and the doctor—Gad! what a loyal friend to have!—told me that Lester Stark, Merriton, and a little man called West were bosom friends and club-mates."

"Then perhaps the man Stark killed him, after all?" threw in Mr. Narkom at this juncture, and there was a tinge of eagerness in his excited tones, which made Cleek whirl round upon him and say, accusingly, "Old friend, Merriton has won your heart as he has won others'. You're dead nuts on the youngster, and I must say he does seem such a clean, honest, upstanding young fellow. But you're ready to convict any one of the murder of Dacre Wynne but Merriton himself. Own up now; you've a sneaking regard for the fellow!"

Mr. Narkom reddened.

"Well, if you want the truth of it—I have!" he said, finally, in an "I-don't-care-what-the-devil-you-think" sort of voice. "He's exactly the kind of chap I'd like for a son of my own, and—and—dash it! I don't like seeing him in the lock-up; and that's the long and short of it!"

"So long as it's only the long and short, and not the end of it, it doesn't greatly matter," returned Cleek. "Hello! Is that you, Dollops?"

"Yessir."

"Any news for me? Found that chap with the straggling black moustache that tried to do me in the other night? I've not a doubt that you've discovered the answer to the whole riddle, by the look upon your face."

Dollops cautiously approached, looking over his shoulder as though he expected any minute that the cadaverous face of Borkins would peer in at him, or that perhaps Dacre Wynne himself would rise from the dead and shake an accusing finger in his face. He reached Cleek and laid a timid hand upon the detective's arm. Then he bent his face close to Cleek's ear.

"Well, I've an inklin' that I'm well on to the untyin' of it, s'help me if I ain't!" he whispered in highly melodramatic tones.

Cleek laughed, but looked interested at once, while Mr. Narkom prepared to give his best attention to what the lad had to say.