“I see.” Hank sat down on a packing case to light his pipe. “Well, there ain’t much to tell. The Hodur and Fameister firm sent through a box of expensive furs. They were to have been picked up at 10 o’clock last night by the freighter Albone. At eight thirty I set out the box along with some others that were to go. Then I stepped back into the warehouse for a minute, and it happened.”

“You say the theft occurred about eight thirty?” Dan asked thoughtfully.

“It was about that time. Ordinarily, it wouldn’t have been dark, but a heavy fog had rolled in.”

“Did you see the motorboat and the men in it?” Midge asked.

“Caught a glimpse of ’em as they pulled away—that was all. It all happened so fast. They had that box off the pier and were gone before I knew what was up.”

“What sort of boat was it?” Brad inquired.

“A 20-ft. high-powered speedboat. Mostly she was a blur in the dark. Not a light showing.”

“How many in the boat?”

“Three, I’d say.”

The information tended to convince the Cubs that the craft was the same one that had smashed into Mr. Holloway’s sailboat.