"That is the point. She conceives that he has probably thrown himself upon the company's mercy, made restitution of the money, and, being forgiven, is permitted to carry the business through as if nothing whatever had happened."

"The last," I replied, "is an impossible case. Mrs. Jelf thinks like a generous and delicate-minded woman, but not in the least like a board of railway directors. They would never carry forgiveness so far."

"I fear not; and yet it is the only conjecture that bears a semblance of likelihood. However, we can run over to Clayborough to-morrow and see if anything is to be learned. By the way, Prendergast tells me you picked up his cigar-case."

"I did so, and here it is."

Jelf took the cigar-case, examined it by the light of the lamp, and said at once that it was beyond doubt Mr. Dwerrihouse's property, and that he remembered to have seen him use it.

"Here, too, is his monogram on the side," he added—"a big J transfixing a capital D. He used to carry the same on his note-paper."

"It offers, at all events, a proof that I was not dreaming."

"Ay, but it is time you were asleep and dreaming now. I am ashamed to have kept you up so long. Good-night."

"Good-night, and remember that I am more than ready to go with you to Clayborough, or Blackwater, or London, or anywhere, if I can be of the least service."

"Thanks! I know you mean it, old friend, and it may be that I shall put you to the test. Once more, good-night."