"I do not intend to cheat my creditors," said Leonard, in uneasiness, touched with anger. "I intend to pay them to the last dollar. If I compel them to wait, they shall have full interest."

"Yes, I suppose so," remarked Nick quietly. "A very fine program; but I am compelled to inform you, Mr. Leonard, that you will not be able to carry it out."

"Not carry it out?" a new fear stealing into his face. "And why not?"

Nick Carter arose to his feet. "Because," he replied, in a voice that cut Leonard like a whip, "because your little game will not work. You have told a story which in many particulars is true. But a part of it is false, and there are some things which you have not touched upon. You have not prepared to leave St. Louis because your business affairs are in bad shape. You have not concealed John Dashwood solely for the purpose of staving off a little notoriety, which a yarn such as you have told to me would have rendered harmless. Your alarm over the discoveries made in your room was not occasioned by the probability that you would be suspected of the murder of John Dashwood, for, if arrested for that crime, you could have produced the body of the living man, and so confounded the officers. What were your reasons, then, for acting as you have done? I will tell you.

"You were afraid of something that now causes the blood to leave your cheeks, your lips to tremble, and your guilty heart to beat like a trip-hammer. You were afraid to remain longer in St. Louis lest the river should speak; should give up its dead and brand you liar and murderer. Know now that the river has spoken—it spoke this morning before I came here. Know that the body of your victim has been found. Gabriel Leonard, I arrest you for the murder of Lucia Massona, alias Cora Reesey, alias Madame Ree."

CHAPTER IX.
THE MISSING MONEY.

Gabriel Leonard, his guilt proclaimed, uttered a cry of despair, and, burying his face in his hands, sobbed like a child. There was pity in the expression with which Nick Carter regarded the detected murderer. That the crime had extenuating features he was positive.

Leonard finally attained a fair degree of composure. He raised his head and looked at the great detective with what was intended for a smile, but which was a ghastly failure.