"On the face of it—yes," returned Marsh. "But just glance at this sheet which covered the notebook. From its subject matter I should be inclined to believe that it represented Merton's handwriting."

Morgan nodded and Marsh went on.

"Now, when you come to look at this notebook, even a hasty glance shows a difference in the handwriting. In. fact, now that my attention has been drawn to it, there is really a marked difference."

"Well?" queried Morgan.

"Offhand," returned Marsh, "I would say, that somebody has been keeping a secret record. That person sat at this desk making additional notes. In a moment of forgetfulness, or perhaps the necessity of hasty concealment, the notebook was placed under this sheet and later overlooked. There is a possibility that this notebook was left by the person who preceded us at this desk."

Morgan took the notebook and examined it carefully for a few minutes. "In my work," he said, "I have several times run up against ciphers of various kinds. This is unlike anything I ever saw before, and looks as if it would be mighty hard to unravel."

Marsh again took the book and after carefully examining it, said, "I don't pretend to be a cipher expert. In fact, I never waste time on it. We have men both here and at Washington who can read this sort of stuff backward. I'll send this book to them and we'll soon get a key to the cipher."

At this moment, both men became silent and alert. Someone was slipping a key into the lock of the door. Marsh quickly dropped the notebook into the side pocket of his coat. A moment later the door swung open and Gilbert Hunt entered.

He stopped with a start of surprise, but quickly recovered himself.

"You gentlemen gave me a shock!" he exclaimed. "I didn't expect to find anyone here. Already on the job, Mr. Marsh?" he added.