“Only last night I was reading Wilde’s ‘De Profundis.’ Had I been gifted with words, I might have made a similar confession. Let me show you what I mean so that, at least, you won’t attribute to me the final infamy of cravenness.”

He opened the book, and began reading in a voice whose very fervor held us all silent:

“ ‘I brought about my own downfall. No one, be he high or low, need be ruined by any other hand than his own. Readily as I confess this, there are many who will, at this time at least, receive the confession sceptically. And although I thus mercilessly accuse myself, bear in mind that I do so without offering any excuse. Terrible as is the punishment inflicted upon me by the world, more terrible is the ruin I have brought upon myself. . . . In the dawn of manhood I recognized my position. . . . I enjoyed an honored name, an eminent social position. . . . Then came the turning-point. I had become tired of dwelling on the heights—and descended by my own will into the depths. . . . I satisfied my desires wherever it suited me, and passed on. I forgot that every act, even the most insignificant act, of daily life, in some degree, makes or unmakes the character; and every occurrence which transpires in the seclusion of the chamber will some day be proclaimed from the housetops. I lost control of myself. I was no longer at the helm, and knew it not. I had become a slave to pleasure. . . . One thing only is left to me—complete humility.’ ”

He tossed the book aside.

“You understand now, Mr. Markham?”

Markham did not speak for several moments.

“Do you care to tell me about Skeel?” he at length asked.

“That swine!” Spotswoode sneered his disgust. “I could murder such creatures every day and regard myself as a benefactor of society. . . . Yes, I strangled him, and I would have done it before, only the opportunity did not offer. . . . It was Skeel who was hiding in the closet when I returned to the apartment after the theatre, and he must have seen me kill the woman. Had I known he was behind that locked closet door, I would have broken it down and wiped him out then. But how was I to know? It seemed natural that the closet might have been kept locked—I didn’t give it a second thought. . . . And the next night he telephoned me to the club here. He had first called my home on Long Island, and learned that I was staying here. I had never seen him before—didn’t know of his existence. But, it seems, he had equipped himself with a knowledge of my identity—probably some of the money I gave to the woman went to him. What a muck-heap I had fallen into! . . . When he phoned, he mentioned the phonograph, and I knew he had found out something. I met him in the Waldorf lobby, and he told me the truth: there was no doubting his word. When he saw I was convinced, he demanded so enormous a sum that I was staggered.”

Spotswoode lit a cigarette with steady fingers.

“Mr. Markham, I am no longer a rich man. The truth is, I am on the verge of bankruptcy. The business my father left me has been in a receiver’s hands for nearly a year. The Long Island estate on which I live belongs to my wife. Few people know these things, but unfortunately they are true. It would have been utterly impossible for me to raise the amount Skeel demanded, even had I been inclined to play the coward. I did, however, give him a small sum to keep him quiet for a few days, promising him all he asked as soon as I could convert some of my holdings. I hoped in the interim to get possession of the record and thus spike his guns. But in that I failed; and so, when he threatened to tell you everything, I agreed to bring the money to his home late last Saturday night. I kept the appointment, with the full intention of killing him. I was careful about entering, but he had helped me by explaining when and how I could get in without being seen. Once there, I wasted no time. The first moment he was off his guard I seized him—and gloried in the act. Then, locking the door and taking the key, I walked out of the house quite openly, and returned here to the club.—That’s all, I think.”