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 up and down the columns. “Capital article this on Free Trade. Permit me to give you an extract from it. `You may be cajoled into imagining that your own special trade or your own industry will be encouraged by a protective tariff, but it stands to reason that such legislation must in the long run keep away wealth from the country, diminish the value of our imports, and lower the general conditions of life in this island.’ What do you think of that, Watson?” cried Holmes, in high glee, rubbing his hands together with satisfaction. “Don’t you think that is an admirable sentiment?”

Dr. Mortimer looked at Holmes with an air of professional interest, and Sir Henry Baskerville turned a pair of puzzled dark eyes upon me.

“I don’t know much about the tariff and things of that kind,” said he, “but it seems to me we’ve got a bit off the trail so far as that note is concerned.”

“On the contrary, I think we are