“A most plausible one. He pointed out that the Hattontown sufferers and the citizens generally would feel more comfortable, more sure of the reality of the fund if they knew that it had been transferred to one of their local banks. ‘We aren’t ready to pay the money all over to them,’ he told Driggs. ‘Most of them would like to have it all at once, of course, and they’re somewhat dissatisfied, even though the more sensible among them realize that mere temporary relief isn’t a solution to their problems. If we transfer the fund to Hattontown, however, that will encourage them. They will feel it is almost in their hands.’

“Well, it looked like sound sense, and Driggs agreed, with the result that every cent was withdrawn from the two New York banks. As you say, that made it much easier for the thief. Still, the task that remained would have seemed big enough to most men. In fact, they would have passed it up as impossible. Not so our old, reliable John Simpson, though—confound him! After plodding along as methodically as any spiritless work horse for fifteen or eighteen years, he had suddenly developed a streak of lawlessness, and, along with it, in some unaccountable fashion, had come something approaching brilliancy of mind. The Hattontown bank was now the custodian of the entire fund, less what had been paid out to the victims for their immediate necessities. As the disbursements amounted to a little less than twenty thousand, there was a balance of about eighty thousand when the transfer took place. Naturally, Simpson then turned his attention to Hattontown.

“The Cotton and Wool Bank there, so far as I’ve been able to ascertain, is a fair sample of hundreds of good, average, conservatively conducted institutions of the kind of our smaller cities. Apparently there was no rottenness of which Simpson could take advantage, and evidently he didn’t waste time over that possibility. He seems to have felt himself quite capable of getting that money out by his own unaided efforts, and subsequent events prove that his confidence was far from misplaced.”

“What did he do?” Gordon urged eagerly.

He was greatly interested; not from the standpoint of law and order, but from that of one criminal studying the work of another. He had been inclined at first to think that the fugitive would be easy to catch, and easy to swindle out of the proceeds of the theft, but he was not so sure of that now.

“You would never guess in a hundred years, gentlemen,” Griswold assured his two hearers. “This is new to Cray, too,” he added in explanation, addressing Gordon. “I didn’t cover this point when I explained matters to him.

“This is the way he worked it: After getting the money where he wanted it, he went to Driggs with another adroit idea—a suggestion for the publicity stunt this time. One of the smaller papers under my ownership, as you probably know, is published in Hattontown—the Hattontown Observer. Well, Simpson went to Driggs and proposed that that eighty thousand dollars be temporarily withdrawn from the bank in gold, and exhibited under strong guard in the windows of the Observer office. See the point? He argued very convincingly that the sight of so much money would create the greatest possible local sensation, and give the people in Hattontown an exalted idea of the importance and power of the Observer. Driggs offered certain objections, but Simpson argued them away without much trouble. As a matter of fact, I have no doubt but that I would have fallen for it as readily as Driggs did.”

The millionaire paused and smiled in a rather grim fashion.

“To tell the truth, I’ve actually adopted the suggestion,” he informed them. “Eighty thousand dollars in gold is actually on exhibition at the present time in the windows of the Hattontown Observer—under the eyes of armed guards day and night.”

“But——” Gordon had started to speak, but a gesture of Griswold’s stopped him.