"I am going to preserve this and hang it up over my mantelpiece," he said, looking at it thoughtfully, "and when I have an idle hour, I'll stretch out, smoke up and study it. A couple of million people must have seen that—and that's all they'll ever know."

"And you?"

"I can only—deduce," he said, a twinkle in his eye. He glanced at the clock and said hurriedly: "Now we must get down to business. I am expecting some one in half an hour who ought to particularly interest you."

"You know who took the ring!" said Beecher instantly.

"I know several things," said McKenna briskly; "but everything in place. I promised you gentlemen, as you are interested in those things, a little history of the party that was at Mrs. Kildair's that night. It's nothing as literary style goes—just facts. Here it is. I'll skip the personal descriptions."

He took up a bundle of notes, seated himself on the corner of the flat desk, and began to read:

"Cheever, Stanley: Age 48; married; old New York family; left a fortune estimated at $425,000, at the death of his father, Ganet Cheever, when he was twenty-eight. Lived ten years abroad, principally London; inveterate gambler; lost heavily at Monte Carlo—sum estimated at $125,000; later became involved in a gambling scandal in England, but it was hushed up by his payment of a large sum to cover notes given. Continued to lose heavily at St. Petersburg, Baden and Paris; began borrowing large sums, meeting obligations with difficulty. Declared bankruptcy in Colorado, where he had gone to promote a mine; his statements contested by creditors who brought suit; contest settled out of court by payment by his relatives to avoid a family scandal. Returned to New York and engaged himself as an exploiter of well-known wine merchants. Married three years ago Lydia Borgen, daughter of a large importing grocer, who brought him $100,000. Lives at rate of $20,000 a year. Only known occupation gambling; said to have won fifty-five thousand dollars in three nights' play from Kane Wentworth and Thomas Haggerty, Jr.,—protested but paid. Method of play has occasioned numerous reports to his discredit. Accused operating a system of private signals with his wife, by Mrs. Elmer Jardine after scene at card-table; brought suit for libel against her and received $12,000 damages out of court to compromise it. Is not received in home of father-in-law. Cut off by mother's will. Frequently quarrels with his wife over the attentions of other men. Known to have applied unsuccessfully at several banks within the last month to raise loans. Heavily speculated on long side of recent market, purchasing large block of stocks, margined, on morning after theft of ring, and said to be heavily involved. Sought aid of wife's relatives day before yesterday; refused.

"Cheever, Mrs. Lydia: Born Lydia Borgen, daughter Harris Borgen, German immigrant, who married Lydia Foley, waitress in Pearl Street restaurant. Father made fortune in grocery business, establishing with brother in South America a large importing office dealing in cocoa, coffee, and fruit. At death of uncle, Lydia became heir to $100,000. Father said to be worth three quarters of a million, but estranged from daughter, whose marriage he opposed. As a young girl Lydia, rebellious and wild, constantly involved in escapades, notably with an actor, James Rocker, with whom she attempted to elope and go on the stage. Kept under strict surveillance, but at age of seventeen ran off with Charles Bourgoyne, young English groom at Waltby's riding academy. Pursued and arrested just as about to be married in New Jersey. Bourgoyne arrested for abduction but later paid to leave country. Married at nineteen to Stanley Cheever, through mediation of mother and a Mrs. Dorgan, notorious marriage broker. Has become tool of husband in schemes of raising money while leading a separate existence. Keeps private bank account unknown to husband. Very extravagant in personal expenses which cannot be accounted for on known income. From beginning of married life has been conspicuous for her relations with other men, generally wealthy bachelors, who have subsequently lost money at cards: names best known, Edward Fontaine, Reginald Forrest, Thomas Haggerty, Jr. At present seen frequently with R. G. Mapleson of firm of Sontag & Co.—"

"Mapleson!" said the two young men in a breath.

"I know what you mean," said McKenna, raising his hand. "Wait till I get through"; and he continued to read in his matter-of-fact, unemotional voice these pages of hard, glaring facts that left his hearers straining forward to catch every word: