Captain Graham gave a rapid account of the events of the past four months, and concluded with the remark:—

"Seems to me the business fairly bristles with motives. What beats me, though, is the question of his accomplice, seein' as there ain't more than five or six of us who have entered this cabin regular-like; and I've never thought o' lookin' to find a traitor among the crew o' the Elora. I could have taken my davy there wasn't a dishonest man aboard."

"I shall be inclined to say that Ivory is guilty, if only we can find the link between him and this ship," said Maxwell at last. "You have had your meals, I understand, almost invariably alone, Mr. Lees. By whom were they prepared and served?"

"By Daniel White, the steward."

"A man—I take it from Captain Graham—who has nothing against his character?"

"Came to me two years ago with a clean score," chimed in the captain of the Elora, "and I ain't had no fault to find with 'im since. 'Honest Daniel' he's called, too, by the crew."

"He has certainly shown the greatest attention to me during my illness; has been thoughtful and obliging in the extreme," said the supercargo. "Yet it seems to me, captain," he added, after a thoughtful pause, "that my memory is still better than yours. Don't you remember the conversation we had in your cabin in July on the subject of the thefts? or is it merely the fancy of a poor brain that has had much to bear these last three months?"

"Conversation in July, in my cabin, about thefts?" repeated the captain, slowly and thoughtfully. "Well, now you mention it, I do. But I fail to see its connection."

He stopped, deep in thought, his eyes fixed on the invalid's white face. A momentary pause ensued, then, recollecting himself, he gave his thigh a mighty smack with his horny hand, and exclaimed:—

"By Jove, but I do, though! You're right, sir, you're right! What a lubber I've been to forget that Daniel White said he'd known Jasper Ivory at Bristol, an' that he claimed a knowledge o' some o' his ships! The whole thing comes back to me now. White told one o' the sailors about his changin' the names of his ships fro' time to time; and Baines, who heard the yarn, told me. Mebbe we'd better hear it again from the second mate's own lips to be certain, though it strikes me circumstances are sufficiently suspicious to warrant our clapping Daniel White into irons at once."