"In order to give you an opportunity to recover your composure before you begin writing, Mr. Anderson, and to prevent your indulging in any more foolish lies, I will tell you the evidence against you. You helped your brother-in-law, Neilson, make the time-lock on the vault ordered for the Municipal Bank in 1890. You inserted in the journal of the main standard of the clock works a steel disk instead of a brass one, knowing that the steel against steel would make a friction that would wear out both in several years' time. By means of a second time-lock accurately duplicated, and which, if I am not mistaken, is ticking away in that black box on the mantel behind you, you were able to tell very nearly the very hour when you could turn back the bolts of the Municipal vault without let or hindrance. When your brother-in-law died, you sold his patents to the company, returned to New York, and began to live for the hour when you could help yourself to whatever you wished. You stopped drinking and settled down. You went into the real estate business because you could obtain in that manner a permanent hold on Hanahan, the watchman at the Municipal, whom you already knew, and you drew him into the habit of seeing you on business regularly at the bank at night. You have his perfect confidence. When you found that about the time you were ready to make your haul George Rhodes would be the young man in charge of the vault, you called him to the house on a pretext and made him acquainted with your daughter and encouraged his visits that you might get from him in your chats, bit by bit, knowledge of just what to put your hand on in the short time you were in the vault, and how to conceal the theft long enough for you to convert the securities. This is one of the deepest and cleverest criminal plots of which I have ever heard. Your life for all these years has been devoted to it. I am not surprised that you succeeded. Your one mistake was in giving so flimsy a pretext to Mr. Duncan for calling him up and retaining him. That attracted my attention to you. What you really wanted was to be able to have constant information from Mr. Duncan when he should become Rhodes's counsel in the natural course of events, as to efforts to explain the disappearance of the bonds in order to defend Rhodes. In that way you would always know how close he was on the track of the real thief, Mr. Martin Anderson. Few men pay attorneys $500 retaining fees to persuade young men who really love their daughters from dragging them into a scandal which does not essentially concern the daughters at best. You were surprised into this mistake when Rhodes called you up and crystallized your plan to force your choice of counsel on him too hastily.
"On Sunday night a week ago you went to the bank, as your duplicate time-lock showed you the steel disk was worn so thin a jar on the door would cause the standard to drop and the lock to release. Hanahan, as he told me an hour ago, went across the street for some tobacco that Sunday night, leaving you in the bank. In ninety seconds you had opened the vault, taken the right packet, opened the case of the time-lock, replaced the disk with a brass one, closed the case, and closed the vault, but—you carelessly dropped this worn disk on the floor.
"You used the bonds as collateral to buy stock, not as a speculation, but as an investment that would conceal the bonds, and by chance chose Overland Pacific at a low figure and it rose. You thought best to take your profits, and only your greed prevented you from returning the bonds to Rhodes by mail. As we have seen, you had not thought long enough or deeply enough what you would do with your lifetime harvest after you got it in your hands, and suddenly you found yourself out of your depth. You hid the bonds in a jar, just like a foolish old woman. But I must compliment you on your clear thinking and previous planning. I have never known of anything so deliberate, and only a phlegmatic Scandinavian would be capable of it, especially to end up with such good nerves as you have shown to-night. Mr. Smith does not wish to prosecute you and expose his speculations. Since Mr. Smith and Mr. Duncan doubtless have other engagements to-night, kindly write as I requested a few minutes ago."
Muttering objurgations in his native tongue, Anderson wrote the two drafts, Rhodes's being for more than one hundred thousand, and both Rhodes and Smith receipted. Smith took the bonds and thrust them into his overcoat pocket. Miss Anderson refused to remain an hour longer under her father's roof, and left the house to go to the home of a distant relative. I pocketed the odd little steel disk, which lies before me as I write, with a slip copied from a page of Rand's notebook that lays out so plainly and simply his quick, sure, and unerring processes in this remarkable case, that I can not refrain from giving it.
(1) Anderson's retaining Duncan very strange.
(2) Rhodes's cranium shows moral incapacity for theft. Innocent.
(3) Neilson's brother-in-law could know lock construction.
(4) Smith lost speculating. Thief won half million with bonds.
(5) Time-clock lost 90 sec. Sunday night, week before discovery.
(6) Disk of steel instead of brass. Meant to wear out. Is discarded part of lock. Must be a new disk in lock. Work of expert. Prepared since making of lock.