"Takes your breath away, chief, doesn't it? So it did mine, on the day when you came to see me here and when the notion was beginning to grow upon me. I was flabbergasted with astonishment. And yet I've had experience of my customer. I know what he's capable of.... But this, no, this was really a bit too stiff!"

"It's impossible! It's impossible!" said M. Dudouis, in a low voice.

"On the contrary, chief, it's quite possible and quite logical and quite normal. It's the threefold incarnation of one and the same individual. A schoolboy would solve the problem in a minute, by a simple process of elimination. Take away the dead man: there remains Sparmiento and Lupin. Take away Sparmiento...."

"There remains Lupin," muttered the chief-detective.

"Yes, chief, Lupin simply, Lupin in five letters and two syllables, Lupin taken out of his Brazilian skin, Lupin revived from the dead, Lupin translated, for the past six months, into Colonel Sparmiento, travelling in Brittany, hearing of the discovery of the twelve tapestries, buying them, planning the theft of the best of them, so as to draw attention to himself, Lupin, and divert it from himself, Sparmiento. Next, he brings about, in full view of the gaping public, a noisy contest between Lupin and Sparmiento or Sparmiento and Lupin, plots and gives the house-warming party, terrifies his guests and, when everything is ready, arranges for Lupin to steal Sparmiento's tapestries and for Sparmiento, Lupin's victim, to disappear from sight and die unsuspected, unsuspectable, regretted by his friends, pitied by the public and leaving behind him, to pocket the profits of the swindle...."

Ganimard stopped, looked the chief in the eyes and, in a voice that emphasized the importance of his words, concluded:

"Leaving behind him a disconsolate widow."

"Mme. Sparmiento! You really believe....?

"Hang it all!" said the chief-inspector. "People don't work up a whole business of this sort, without seeing something ahead of them ... solid profits."

"But the profits, it seems to me, lie in the sale of the tapestries which Lupin will effect in America or elsewhere."