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Neale, entering the partners' room, found them in characteristic attitudes. The senior partner sat at his desk, stern, upright, his eyes burning a little more fiercely than usuaclass="underline" the junior, his slouch hat still on his head, his hands thrust in his pockets, lounged against the mantelpiece, staring at his uncle.

"Now, Neale," said Gabriel Chestermarke. "What do you know about this? Have you any idea where Mr. Horbury is?"

"None," replied Neale. "None whatever!"

"When did you see him last?" demanded Gabriel. "You often see him out of bank hours, I know."

"I last saw him here at two o'clock on Saturday," replied Neale. "I have not seen him since."

"And you never heard him mention that he was thinking of going away for the week-end?" asked Gabriel.

"No!" replied Neale.

He made his answer tersely and definitely, having an idea that the senior partner looked at him as if he thought that something was being kept back. And Gabriel, after a moment's pause, shifted some of the papers on his desk, with an impatient movement.

"Ask Mr. Horbury's housekeeper to step in here for a few minutes," he said.

Neale went out by the private door, and presently returned with Mrs. Carswell.

By that time Joseph had lounged over to his own desk and seated himself, and when the housekeeper came in he tilted his chair back and sat idly swaying in it while he watched her and his uncle. But Gabriel, waving Mrs. Carswell to a seat, remained upright as ever, and as he turned to the housekeeper, he motioned Neale to stay in the room.

"Just tell us all you know about Mr. Horbury's movements on Saturday afternoon and evening, Mrs. Carswell," he said. "This is a most extraordinary business altogether, and I want to account for it. You say he went out just about dusk."

Mrs. Carswell repeated the story which she had told to Neale. The two partners listened; Gabriel keenly attentive; Joseph as if he were no more than mildly interested.

"Odd!" remarked Gabriel, when the story had come to an end. "Most strange! Very well-thank you, Mrs. Carswell. Neale," he added, when the housekeeper had gone away, "Mr. Horbury always carried the more important keys on him, didn't he?"

"Always," responded Neale.

"Very good! Let things go on," said Gabriel. "But don't come bothering me or Mr. Joseph Chestermarke unless you're obliged to. Of course, Mr. Horbury may come in by the next train. That'll do, Neale."

Neale went back to the outer room. Things went on, but the missing manager did not come in by the 10.45, and nothing had been heard or seen of him at noon, when Patten went to get his dinner. Nor had anything been seen or heard at one o'clock, when Patten came back, and it became Shirley and Neale's turn to go out. And thereupon arose a difficulty. In the ordinary course the two elder clerks would have left for an hour and the manager would have been on duty until they returned. But now the manager was not there.

"You go," said Neale to Shirley. "I'll wait. Perhaps Mr. Joseph will come out."

Shirley went-but neither of the partners emerged from the private room. As a rule they both went across to the Scarnham Arms Hotel at half-past one for lunch-a private room had been kept for them at that old-world hostelry from time immemorial-but now they remained within their parlour, apparently interned from their usual business world. And Neale had a very good idea of what they were doing. The bank's strong room was entered from that parlour-Gabriel and Joseph were examining and checking its contents. The knowledge distressed Neale beyond measure, and it was only by a resolute effort that he could give his mind to his duties.

Two o'clock had gone, and Shirley had come back, before the bell rang again. Neale went into the private room and knew at once that something had happened. Gabriel stood by his desk, which was loaded with papers and documents; Joseph leaned against a sideboard, whereon was a decanter of sherry and a box of biscuits; he had a glass of wine in one hand, and a half-nibbled biscuit in the other. The smell of the sherry-fine old brown stuff, which the clerks were permitted to taste now and then, on such occasions as the partners' birthdays-filled the room.

"Neale," said Gabriel, "have you been out to lunch? No? Take a glass of wine and eat a biscuit-we shall all have to put off our lunches for an hour or so."

Neale obeyed-more because he was under order than because he was hungry. He was too much bothered, too full of vague fears, to think of his midday dinner. He took the glass which Joseph handed to him, and picked a couple of biscuits out of the box. And at the first sip Gabriel spoke again.

"Neale!" he said. "You've been here five years, so one can speak confidentially. There's something wrong-seriously wrong. Securities are missing. Securities representing-a lot!"

Neale's face flushed as if he himself had been charged with abstracting those securities. His hand shook as he set down his glass, and he looked helplessly from one partner to another. Joseph merely shook his head, and poured out another glass of sherry for himself: Gabriel shook his head, too, but with a different expression.

"We don't know exactly how things are," he continued. "But there's the fact-on a superficial examination. And-Horbury! Of all men in the world, Horbury!"

"I can't believe it, Mr. Chestermarke!" exclaimed Neale. "Surely, sir, there's some mistake!"

Joseph brushed crumbs of biscuit off his beard and wagged his head.

"No mistake!" he said softly. "None! The thing is-what's best to do? Because-he'd have laid his plans. It'll all have been thought out-carefully."

"I'm afraid so," assented Gabriel. "That's the worst of it. Everything points to premeditation. And when a man has been so fully trusted-"

A knock at the door prefaced the introduction of Shirley's head. He glanced into the room with an obvious desire to see what was going on, but somehow contrived to fix his eyes on the senior partner.

"Lord Ellersdeane, sir," he announced. "Can he see you?"

The two partners looked at each other in evident surprise; then Gabriel moved to the door and bowed solemnly to some person outside.

"Will your lordship come in?" he said politely.

Lord Ellersdeane, a big, bustling, country-squire type of man, came into the room, nodding cheerily to its occupants.

"Sorry to disturb you, Mr. Chestermarke," he said. "I understand Horbury isn't at home, but of course you'll do just as well. The Countess and I only got back from abroad night before last. She wants her jewels, so I'll take 'em with me, if you please."

Gabriel Chestermarke, who was drawing forward a chair, took his hand off it and stared at his visitor.

"The Countess's-jewels!" he said. "Does your lordship mean-"

"Deposited them with Horbury, you know, some weeks ago-when we went abroad," replied Lord Ellersdeane. "Safe keeping, you know-said he'd lock 'em up."

Gabriel turned slowly to Joseph. But Joseph shook his head-and Neale, glancing from one partner to the other, felt himself turning sick with apprehension. CHAPTER III

MR. CHESTERMARKE DISCLAIMS LIABILITY

Gabriel Chestermarke, after that one look at his nephew, turned again to the Earl, politely motioning him to the chair which he had already drawn forward. And the Earl, whose eyes had been wandering over the pile of documents on the senior partner's desk, glancing curiously at the open door of the strong room, and generally taking in a sense of some unusual occurrence, dropped into it and looked expectantly at the banker.

"There's nothing wrong?" he asked suddenly. "You look-surprised."

Gabriel stiffened his already upright figure.

"Surprised-yes!" he answered. "And something more than surprised-I am astonished! Your lordship left the Countess's jewels with our manager? May I ask when-and under what circumstances?"