Ragstaff Park slumbered once more. But Lorian sat upon the edge of my bed, smoking and thinking hard. He had been to his own room for the print of the Riddle, and it lay upon a chair before him.

“Listen to this,” he said suddenly: “(a) Some one breaks into the governor’s studio, and takes nothing. His drawings of the Ragstaff Riddle happen to be at my studio. (b) You hear a noise in the night, and see (1) a bright light; (2) a gleaming rod. (c) You and I see a bright light on the following night, and presumably proceeding from the same place; i.e., the hall. (d) Something I have not mentioned before—Hulme has a camera in his kit! And he doesn’t want the fact known!”

“What do you mean?”

“I tested him the other night, by inquiring if anyone could lend me a camera. He did not volunteer! The morning following the mysterious business in the hall, observed by you, I saw a photographic printing frame in his window! He must have one of those portable developers with him.”

“And to what does all this point?”

“To the fact that he has made at least three attempts to obtain a copy of the Riddle, and has at last succeeded!”

“Three!”

“I really think so. The evidence points to him as the person who broke into the studio. He made a bad slip. He referred to the matter, and cited Horace Baxter as his informant. Baxter is away!”

“But this is serious!”