'I have called,' said the visitor hurriedly, 'to tell you of something important, that happened this morning. I did not know it when we were talking over this business, Mr. Austin. It happened at ten o'clock, as soon as the doors were open. A letter was brought by hand from Mr. Dering——'

'Another forgery! When will they stop?'

'——asking for those certificates to be given to the bearer—Mr. Edmund Gray's certificates. This was done. They are no longer at the Bank.'

'Oh! Then they have been warned,' cried George. 'Who was the messenger?'

'He was a boy. Looked like an office boy.'

'I will inquire directly if it was one of our boys. Go on.'

'That settles the difficulty as to our action in case the papers are wanted by you. We no longer hold them. As to the dividends, we shall continue to receive them to the account of Mr. Edmund Gray until we get an order or an injunction.'

'The difficulty,' said George, 'is to connect the case with Mr. Edmund Gray bodily. At present, we have nothing but the letters to go upon. Suppose the real Edmund Gray says that he knows nothing about it. What are we to do? You remember receiving the dividends for him. Has he drawn a cheque?'

'No; we have never paid any cheque at all for him.'

'Have you seen him?'