It appeared very likely on this occasion.
"I don't know how the horse managed to lose," said the Saint mournfully.
"Dear me!" said Mr. Deever unctuously. "Dear me! Did it lose?"
The Saint nodded.
"I don't understand it at all. The chappie who sold me this system said it had never had more than three losers in succession. And the stakes go up so frightfully fast. You see, you have to put on more money each time, so that when you win you get back your losses as well. But it simply must win today —"
"How much do you need to put on today, Mr. Smith?"
"About eight hundred pounds. But what with buzzing around an' having a few drinks and what not, don't you know — if you could make it an even thou —"
Mr. Deever rubbed his hands over each other with a face of abysmal gloom.
"A thousand pounds is quite a lot of money, Mr. — er — Smith, but of course, if you can offer some security — purely as a business formality, you understand —"
"Oh, I've got lots of those jolly old Latvian Bonds," said the Saint. "I think I bought about two hundred of 'em. Got to try and pick up a bonus somehow, what?"
Mr. Deever nodded like a mandarin.
"Of course, Mr. Smith. Of course. And it just happens that one of our advances was repaid today, so I may be able to find a thousand pounds for you in our safe." He pressed a bell on his desk, and a clerk appeared. "Mr. Goldberg, will you see if we can oblige this gentleman with a thousand pounds?"
The clerk disappeared again, and came back in a few moments with a sheaf of bank-notes. Simon Templar produced another large envelope, and Mr. Deever drew from it an even thicker wad of bonds. He counted them over and examined them carefully one by one; then he took a printed form from a drawer, and unscrewed the cap of a Woolworth fountain-pen.
"Now if you will just complete our usual agreement, Mr. Smith —"
Through the glass partition that divided Mr. Deever's sanctum from the outer office there suddenly arose the expostulations of an extraordinary loud voice. Raised in a particularly raucous north-country accent, it made itself heard so clearly that there was no chance of missing anything it said.
"I tell you, I'd know that maan anywhere. I'd know 'im in a daark room if I was bliindfooalded. It was Simon Templar, I tell you. I saw 'im coom in, an' I says to myself, 'Thaat's Saaint, thaat is.' I 'aad wife an' loogage with me, so I taakes 'em into "otel 'an cooms straaight baack. I'm going to see thaat Saaint if I waait here two years —"
The buttery voice of Mr. Goldberg could be heard protesting. Then the north-country voice drowned it again.
"Then if you won't let me in, I'll go straight out an' fetch policeman. Thaat's what I'll do."
There was an eruption without, as of someone departing violently into the street; and the Saint looked at Mr. Deever. Simon's hand was outstretched to grasp the pile of bank-notes — then he saw Deever's right hand come out of a drawer, and a nickel-plated revolver with it.
"Just a moment, Mr. — er — Smith," Deever said slowly. "I think you're in too much of a hurry."
He touched the bell on his desk again. Mr. Goldberg reappeared, mopping his swarthy brow. There was a glitter in Deever's greenish eyes which told Simon that the revolver was not there merely for the purposes of intimidation. The Saint sat quite still.
"Look in this gentleman's pockets, Mr. Goldberg. Perhaps he has some evidence of identity on him."
The clerk came over and began a search. The monocle had vanished from the Saint's right eye, and the expression on his face was anything but vacuous.
"You filthy miser!" he blazed. "I'll see that you're sorry for this. No one has ever insulted me like this for years —"
Coolly Deever leaned over the desk and smacked Simon over the mouth. The blow cut the Saint's lip.
"A crook should be careful of his tongue," Deever said.
"There's a letter here, Mr. Deever," said the clerk, laying it on the blotter. "It's addressed to Simon Templar. And I found this as well."
"This" was another large envelope, the exact replica of the one in which Simon had handed over his Latvian Bonds. Deever opened it, and found that it contained a similar set of bonds; and when he had counted them he found that they were equal in number to those which he had accepted for security.
"I see — Mr. — er — Smith." The close-set eyes gloated. "So I've been considered worthy of the attention of the famous Saint. And a very pretty swindle, too. First you borrow money on some genuine bonds; then you come back and try to borrow more money on some more genuine bonds — but when I'm not looking you exchange them for forgeries. Very neat, Mr. Templar. It's a pity that man outside recognized you. Mr. Goldberg, I think you might telephone for the police."
"You'll be sorry for this," said the Saint more calmly, with his eyes on Deever's revolver.
A police inspector arrived in a few minutes. He inspected the two envelopes, and nodded.
"That's an old trick, Mr. Deever," he said. "It's lucky that you were warned. Come along, you — put your hands out."
Simon looked down at the handcuffs.
"You don't need those," he said.
"I've heard about you," said the inspector grimly, "and I think we do. Come on, now, and no nonsense."
For the first time in his life Simon felt the cold embrace of steel on his wrists. A constable put his hat on for him, and he was marched out into the the street. A small crowd had collected outside, and already the rumour of his identity was passing from mouth to mouth.
The local inspector did not spare him. Simon Templar was a celebrity, a capture that every officer in England had once dreamed of making, even if of late it had been found impossible to link his name with any proven crimes; and once arrested he was an exhibit to be proud of. The police station was not far away, and the Saint was compelled to walk to it, with his manacled wrists chained to the burly constable on his left and the inspector striding on his right.
He was charged with attempting to obtain money under false pretences; and when it was all written down they asked him if he had anything to say.
"Only that my right sock is wearing a bit thin at the heel," answered the Saint. "D'you think someone could beetle along to my hotel and dig out a new pair?"
He was locked in a cell to be brought before the magistrate on the following Monday. It was Simon Templar's third experience of that, but he enjoyed it no more than the first time.
During Sunday he had one consoltation. He was able to divert himself with thoughts of what he could do with about ten thousand pounds.
Monday morning brought a visitor to Manchester in the portly shape of Chief Inspector Claud Eustace Teal, who automatically came north at the news of the sensational arrest. which had been the front-page splash of every newspaper in the kingdom. But the expert witness who came with him caused a much greater sensation. He examined the contents of the two envelopes, and scratched his head.
"Is this a joke?" he demanded. "Every one of these bonds is perfectly genuine. There isn't a forgery among them."
The local inspector's eyes popped half-way out of his head.
"Are you sure?" he blurted.
"Of course I'm sure," snapped the disgusted expert. "Any fool can see that with half an eye. Did I have to give up a perfectly good day's golf to tell you that?"
Chief Inspector Teal was not interested in the expert's golf. He sat on a bench and held his head in his hands. He was not quite certain how it had been worked, but he knew there was something very wrong somewhere.
Presently he looked up.
"And Deever struck him in the office — that isn't denied?"
"No, sir," admitted the local inspector. "Mr. Deever said —"
"And you marched Templar through the streets in broad daylight, handcuffed to a constable?"