"On the charges of embezzlement and conspiracy, however, the fact remains that I have rendered myself liable to a considerable term of penal servitude. It is an unpleasant position, but one which I am perfectly prepared to face. Playing for high stakes has always had a peculiar attraction for me, and in the event of failure I have never been one of those poor-spirited sportsmen who object to settling their accounts.

"I doubt if you will believe me, but I should like to say in conclusion that as far as you are concerned I have no feeling of resentment. On the contrary, if you had not been so infernally in my way it would have been a distinct pleasure to me to cultivate your society. Being of a somewhat complex temperament, I derive considerable enjoyment from the companionship of a crude and vigorous young savage like yourself.

"I do not know whether you arrived in time to rescue Miss Seymour from the embraces of our mutual friend, but I have no doubt that you will succeed in consoling her for any unpleasant experiences to which she may have been subjected. From the little I saw of her she struck me as being a singularly attractive and high-spirited young lady.

"Please convey to her my apologies for the unchivalrous treatment she has received, and also express my regret that there should be a shortage of some twenty thousand pounds in the money to which she is entitled. As the sum which still remains, however, amounts to about a hundred and seventy thousand pounds, it will be amply sufficient to provide you both with those minor comforts and luxuries which form such an agreeable addition even to the happiest of married lives.

"Believe me, my dear Gray,
"Your sincere admirer,
"JAMES STANHOPE MEDWIN."

Colin read through this remarkable communication in silence, and, having come to the end, handed it to Nancy.

"It's just the sort of letter I should have expected him to write," he observed. "The only thing I'm surprised at is that he didn't send us a wedding present."

"Well, it's queer your putting it like that," replied the detective. "As a matter of fact, it's the very same remark which I made to the Commissioner. There's a certain type of criminal who doesn't care what happens to him as long as he can die showing off and codding himself that he's a sportsman and a gentleman."

"I suppose that's true," said Nancy, looking up from the letter. "I do wish he hadn't killed himself, though. I hate to feel that three people have lost their lives and all on account of——"

"It's only because you're not accustomed to it," interrupted Mark comfortingly. "When one's been a doctor for twenty years a trifling massacre like this leaves one quite unperturbed."