"It must have been there that he disappeared," I cried, with a speculative finger.

"So I imagine," said Peace. "And if he has spent two nights on the Hampshire downs, he will be looking for a fire to-day. You have rather more than your fair share of the rug, Mr. Phillips, if you will excuse my mentioning it."

A man was standing on the steps of the entrance porch when we drove up. As we unrolled ourselves he stepped forward to help us. He was a thin, pale-faced fellow, with fair hair and indeterminate eyes.

"My name is Harbord," he said. "You are Inspector Addington Peace, I believe."

His hand shook as he stretched it out in a tremulous greeting. Plainly the secretary was afraid, visibly and anxiously afraid.

"Mr. Ransome, the manager of Mr. Ford's London office, is here," he continued. "He is waiting to see you in the library."

We followed him through a great hall into a room lined with books from floor to ceiling. A stout, dark man, who was pacing it like a beast in a cage, stopped at the sight of us. His face, as he turned it toward us, looked pinched and gray in the full light.

"Inspector Peace, eh?" he said. "Well, Inspector, if you want a reward, name it. If you want to pull the house down, only say the word. But find him for us, or, by heaven, we're done."

"Is it as bad as that?"

"You can keep a secret, I suppose. Yes—it couldn't well be worse. It was a tricky time; he hid half his schemes in his own head; he never trusted even me altogether. If he were dead I could plan something, but now—"