The Loudwater Tragedy

by T. W. Speight

"Well, sir, the terms of the loan having been acceded to, a communication to that effect was sent under cover to Mr. Dyson. Next day saw him at my office again, his object in coming being to settle with me the details for the completion of the affair. Mr. Melray having an objection to being seen entering or leaving an office the chief business of which was the lending of money, it was arranged between Dyson and myself that I should wait upon his relative at half-past seven on the evening of the next day but one, at the George and Dragon Hotel, where a private room would be engaged by him.

"I was at the hotel punctually at the time agreed upon, and on asking for Mr. Melray was at once ushered into his room. I found the shipowner, whom I had never seen before, to be a thin, grey-haired man, somewhat prim and old-fashioned in his attire, and wearing smoke-tinted spectacles. After a brief greeting we at once entered on the business which had taken me there. The evening was closing in and the room was in semi-darkness. I thought Mr. Melray would have rung for lights, but he did not. There were pen and ink on the table. At his request I stationed myself by him, and pointed out the particular spot on the assignment and other documents where his signature was required. That done, I folded up the papers and handed him a cheque for three hundred pounds; he, in return, presented me with the policy, which, till the sum lent should be repaid, together with interest as agreed on, would remain in my custody. The whole affair was over in five or six minutes at the most. At this distance of time there can be no harm in my confessing that I thought it rather stingy treatment on the part of Mr. Melray not to offer me as much as a glass of wine.

"Now, one of the two people who, twice every year, audit the Corporation's accounts and verify their securities, is Mr. Dunning, a lawyer well known both at Solchester and Merehampton, At the half-yearly audit, which took place about three weeks after my interview with Mr. Melray, the policy of assurance, together with other documents bearing on the transaction, came, in due course, under Mr. Dunning's inspection. You will readily imagine, then, that I was not a little surprised when he came to me with the papers in his hand and asked me to tell him all I knew of the transaction to which they referred. Taking into account his official connection with the Corporation, there was no breach of confidence in my complying with his request. It was then my turn to put certain questions to him, and the surprise I had felt before was in nowise lessened when he told me that he had been Mr. Melray's lawyer, and, in certain matters, his confidential adviser, for something like a quarter of a century; that, from his knowledge of that gentleman's affairs, he could aver that it was next to impossible that he should have been in need of such a sum as three hundred pounds; that, so far as he was aware, Mr. Melray, whose eyes were remarkably good for his age, had never worn spectacles in his life; and, finally, that he, Mr. Dunning, believed the signatures which I had witnessed to be neither more nor less than unblushing forgeries of his client's name. Thereupon it was agreed that he should take the suspected documents away with him and see Mr. Melray on the morrow.

"Of what passed between the two I have no knowledge, but when I tell you that, as far as I am concerned, the sequel of the affair was the letter of which you have this morning shown me a copy, you are at liberty, just as I was, to think what you like. Having got my 'pound of flesh,' as I suppose you would term it, I returned the policy as requested, and from that day to this have never sought to pry further into the affair."

The first thing Winslade did after leaving Mr. Noyes was to despatch a telegram to Mr. Melray, which served to bring that gentleman to Solchester by the next train. It is not needful to dilate on the grieved astonishment with which he listened to the other's recital of what had passed between himself and the money-lender. Dyson had been a favourite with both the brothers, not merely because he was the only son of an orphan cousin--of whom, as a girl, they had been both proud and fond--but also by reason of certain pleasant qualities of his own, which, if they did not spring from any genuine depth or sincerity of feeling, had all the appearance of doing so and answered their purpose equally as well.

"We must go at once and find Dunning," were Mr. Melray's first words when he had in some measure regained his composure. "So far we have only heard half the story. It rests with him to tell us the remainder."

They were fortunate enough to find Mr. Dunning at home and disengaged. A very few minutes sufficed to acquaint the lawyer with the nature of their errand.

"We know all that Mr. Noyes has to tell," said Mr. Melray in conclusion. "We want you to supplement his narrative from the point where his information comes to an end."

"That I can very readily do," said the lawyer. "When I showed Mr. James Melray the loan-office documents, with what purported to be three separate signatures of his attached thereto, he at once, in the most emphatic and indignant terms, denounced the whole affair as an audacious mixture of forgery and fraud. He had never seen Noyes in his life, much less applied to him for a loan, or pledged his policy of assurance. But when he had reached that point of his disclaimer I said to him, 'Would it not be as well to satisfy yourself that the policy is still in your possession?' 'Why, I had it in my hand no longer ago than yesterday,' was his reply. 'It lies where it has always lain, on the top shelf in the large safe, one of a bundle of documents tied round with red tape.' Thereupon, as if to make assurance doubly sure, he rose, crossed the room, unlocked the safe, and produced from the interior the bundle of papers of which he had spoken and extracted from the rest a large oblong envelope, which he brought to the table. It was labelled in his own writing, 'Paid-up Policy of Assurance on Own Life for 2,000l.; 'There,' he said, with a little triumph in his tone, 'whatever else the rogue may have been guilty of he has not succeeded in making away with this.' 'I hope you won't think me unreasonable,' I replied, 'if I ask you to open the envelope and examine its contents.' Scarcely had the words left my lips before, with his office knife, he had slit open one end of the envelope and drawn forth the enclosure. An instant later he sank back in his chair with a groan. All that the envelope contained was some blank sheets of engrossing paper.

"For a few moments I was afraid that Mr. Melray was about to have a seizure of some kind, so colourless was his face and so glassy were his eyes. He would not, however, let me ring for help, and gradually he came round. A careful examination of the envelope revealed the modus operandi by which the fictitious contents had been substituted for the genuine. The large black seal, with its impression of Mr. Melray's monogram, had not been meddled with beyond the point of detaching it bodily, probably with the help of a sharp penknife, from the thick paper of the envelope. Then, after the substitution had been effected, the seal had been reaffixed in its place with the help of a little gum; and, finally, a thin rim of melted wax had been run round it so as completely to hide any evidence of the envelope having been tampered with. In the confidential position held by Dyson under his kinsman, he had free access to the safe and its contents. When once he had got the policy into his possession and had put everything in train with Mr. Noyes, it was a comparatively simple matter, with the aid of a wig and a few other accessories, to pass himself off in the half-light of the August evening for a man double his own age. What puzzled me then, and not only me, but Mr. Melray, and what puzzles me still, is, why he contented himself with the comparatively small sum of three hundred pounds, when he might have borrowed double that amount on the security of the policy had he been so minded. But it may have been that he saw, or thought he saw, the means of repaying a small sum, and so of redeeming the policy, while it might have been impossible for him to do so in the case of a more considerable loan.