'And likely to fall in with two ruffians?' asked Holmes, slightly elevating his eyebrows, while the same sweet smile hovered round his thin lips. 'No; the remembrance of the incident encouraged me. It was the man who had the money that was murdered. I brought no coin with me, although I expect to bear many away.'

'Would you mind telling us, without further circumlocution, what brings you here so late at night?'

Sherlock Holmes heaved a sigh, and mournfully shook his head very slowly.

'After all the teaching I have bestowed upon you, Doyle, is it possible that you cannot deduct even so simple a thing as that? Why am I here? Because Sir George made a mistake about those bags. He was quite right in taking one of them to 'Undershaw', but he should have left the other at 221B, Baker Street. I call this little trip 'The Adventure of the Second Swag'. Here is the second swag on the table. The first swag you received long ago, and all I had for my share was some honeyed words of compliment in the stories you wrote. Now, it is truly said that soft words butter no parsnips, and, in this instance, they do not even turn away wrath. So far as the second swag is concerned, I have come to demand half of it.'

'I am not so poor at deduction as you seem to imagine,' said Doyle, apparently nettled at the other's slighting reference to his powers. 'I was well aware, when you came in, what your errand was. I deduced further that if you saw Sir George withdraw gold from the bank, you also followed him to Waterloo station.'

'Quite right.'

'When he purchased his ticket for Haslemere, you did the same.'

'I did.'

'When you arrived at Haslemere, you sent a telegram to your friend, Dr Watson, telling him of your whereabouts.'

'You are wrong there; I ran after the motor car.'