'Oh, no, he's a bit too artful for that. You see, a man can go round London, his pockets filled with new coinage five-shilling pieces, buy this, that, and the other, and come home with his change in legitimate coins of the realm—half-crowns, florins, shillings, sixpences, and all that.'

'I see. Then why don't you nab him one day when his pockets are stuffed with illegitimate five-shilling pieces?'

'That could be done, of course, and I've thought of it, but you see, we want to land the whole gang. Once we arrested him, without knowing where the money came from, the real coiners would take flight.'

'How do you know he is not the real coiner himself?'

Now poor Hale is as easy to read as a book. He hesitated before answering this question, and looked confused as a culprit caught in some dishonest act.

'You need not be afraid to tell me,' I said soothingly after a pause. 'You have had one of your men in Mr. Summertrees' house, and so learned that he is not the coiner. But your man has not succeeded in getting you evidence to incriminate other people.'

'You've about hit it again, Monsieur Valmont. One of my men has been Summertrees' butler for two weeks, but, as you say, he has found no evidence.'

'Is he still butler?'

'Yes.'

'Now tell me how far you have got. You know that Summertrees deposits a bag of coin every Friday in the Piccadilly bank, and I suppose the bank has allowed you to examine one or two of the bags.'