'This gentleman,' Elsie continued, 'comes from Messrs. Chenery & Sons, bankers, of New York and London. He has brought a letter with him. Will you kindly let me see it, sir?—It is,' she explained, 'a letter of credit brought over by my brother from California. You see the date—June 20th of this year.'

Mr. Dering read it, and gave it to his brother, who gave it to his wife, as before.

'It says that Mr. Athelstan Arundel, one of the staff of a certain Californian paper, will leave New York on June the 21st by the Shannon, and that he is authorised to draw on Messrs. Chenery & Sons for so much.—Thank you.' The young gentleman retired.

'Now, Mr. Dering, are you satisfied that Athelstan was in America four years ago—that he left America two months ago, and that he was then on the staff of a Californian paper?'

'There seems no reason to doubt these facts.—But'—he put his forefinger on the cheque payable to the order of Edmund Gray—'are we any nearer to the forger of this cheque?'

'I am coming to that presently. I am going to show you all, so that there shall be no doubt whatever, who is the forger—the one hand—in the business. Wait a little.'

Strangely enough, every eye fell upon Checkley, who now trembled and shook with every sign of terror.

'Sit down, Checkley,' said his master.—'Elsie, do we want this gentleman any longer? His name I have not the pleasure of knowing.'

'Oh! come,' said Mr. Carstone, who was nearest. 'You know my name, surely.'

George warned him with a look, and he subsided into silence.