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176 couldn't have been Victoire. The last two thefts were committed at the château when Victoire was in Paris in charge of this house."

M. Formery seemed taken aback, and he hesitated, consulting his notes. Then he said: "Good—good. That confirms my hypothesis."

"What hypothesis?" said M. Gournay-Martin quickly.

"Never mind—never mind," said M. Formery solemnly. And, turning to Germaine, he went on: "You say, Mademoiselle, that these thefts began about three years ago?"

"Yes, I think they began about three years ago in August."

"Let me see. It was in the month of August, three years ago, that your father, after receiving a threatening letter like the one he received last night, was the victim of a burglary?" said M. Formery.

"Yes, it was—the scoundrels!" cried the millionaire fiercely.

"Well, it would be interesting to know which of your servants entered your service three years ago," said M. Formery.

"Victoire has only been with us a year at the outside," said Germaine.

"Only a year?" said M. Formery quickly,