A month later Marbran sent me a cheque for one hundred pounds. He said it was the balance of fifteen hundred pounds due to me as profits on my shares less the nine hundred pounds I owed him and five hundred pounds for my shares. But my speculations had by this time gone wrong again, and I was heartily glad presently to receive a further cheque for two hundred pounds from Marbran. From that time on I got from Marbran sums varying between one hundred and fifty pounds and five hundred pounds a month.

When Marbran made me his shameful offer, I rejected it with indignation. But I was fast in the trap. Marbran explained to me in great detail and with the utmost candour the working of the Parrish syndicate. He let me know very plainly that I was as deeply implicated as Parrish and he. I was a shareholder; I had received and was receiving my share of the profits. In my distress and shame I threatened to expose the pair of them. Had I known the source of his money, I told him, I should never have accepted it. At that Marbran laughed contemptuously.

“You tell that yarn to the police,” he sneered, “and hear what they say!”

And then I realized that I was in the net.

I make no excuses for myself. I shall make none to the Great Judge before whom in a little while I shall appear. I had not the moral force to resist Marbran. I did his bidding: I continued to take his money and I held my peace.

And then came the breach between Parrish and Marbran. I was the cause of it. But for me, his trusty spy, Marbran would have known nothing of this payment of £150,000 which Parrish received from Spain, and this tragedy would not have happened. God forgive me ...

Marbran appealed to Parrish in vain. What he wrote I never knew, for, shortly after, Parrish quietly and without any explanation took the confidential work out of my hands. I believe he suspected then who Marbran’s spy was. But he said nothing to me of his suspicions at that time ...

Finally, Marbran came to London. It was on Tuesday of last week. I had been up in Sheffield on business, and on my return I found Marbran waiting for me at my rooms.

He was like a man possessed. Never before have I witnessed such an outburst of ungovernable rage. Parrish, it appears, had declined to see him. He swore that Parrish should not get the better of him if he had to kill him first. I can see Marbran now as he sat on my bed, his livid face distorted with fury.

“I’ll give him a last chance,” he cried, “and then, by God, let our smart Alec look out!”