'They are waiting until he attempts to dispose of the jewels.'

'You think, then, he has not done so up to date?'

'I think he will never do so.'

'Then why did he steal them?'

'To prevent the marriage of my niece with Jonas Carter, of Sheffield, to whom she is betrothed. They were to be married early in the New Year.'

'My lord, you amaze me. If Mr. Carter and Lady Alicia are engaged, why should the theft of the jewels interfere with the ceremony?'

'Mr. Jonas Carter is a most estimable man, who, however, does not move in our sphere of life. He is connected with the steel or cutlery industry, and is a person of great wealth, rising upwards of a million, with a large estate in Derbyshire, and a house fronting Hyde Park, in London. He is a very strict business man, and both my niece and myself agree that he is also an eligible man. I myself am rather strict in matters of business, and I must admit that Mr. Carter showed a very generous spirit in arranging the preliminaries of the engagement with me. When Alicia's father died he had run through all the money he himself possessed or could borrow from his friends. Although a man of noble birth, I never liked him. He was married to my only sister. The Blair emeralds, as perhaps you know, descend down the female line. They, therefore, came to my niece from her mother. My poor sister had long been disillusioned before death released her from the titled scamp she had married, and she very wisely placed the emeralds in my custody to be held in trust for her daughter. They constitute my niece's only fortune, and would produce, if offered in London today, probably seventy-five or a hundred thousand pounds, although actually they are not worth so much. Mr. Jonas Carter very amiably consented to receive my niece with a dowry of only fifty thousand pounds, and that money I offered to advance, if I was allowed to retain the jewels as security. This was arranged between Mr. Carter and myself.'

'But surely Mr. Carter does not refuse to carry out his engagement because the jewels have been stolen?'

'He does. Why should he not?'

'Then surely you will advance the fifty thousand necessary?'