"Because it was a forgery."

"Not Mr. Dale's signature?"

"That's it."

"But where did the checks come from?" inquired Dave.

"From two cities, widely apart. I know the places. It looks to me as if the first check was given willingly by Mr. Dale. Then he must have become suspicious, and refused to pay out any more money. The second check was numbered correctly, and Gregg must have got possession of the old man's regular check book."

"This is a pretty serious affair, Mr. King," commented Dave.

"It is, and I came straight back here to tell you about it, and then cancel all my engagements at the meet. I shall start out at once to run down this Gregg and locate Mr. Dale."

"And I must join you-I see that it is my duty," declared Dave.

"Not at all," responded the aviator definitely. "I have mapped out the best plan of procedure, and I believe I can run down this business alone in a very short time."

Dave was really anxious concerning Mr. Dale. He truly believed it his first duty towards the old friend of his father to do all he could to assist him. For all that, Dave was relieved to know that he could go on without interruption in service of his employers.