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 beginning to agree with Heath that we've turned up a mare's-nest in Pfyfe's frenzied financial deal."

"You'll never be anything but your own sweet trusting self, will you?" lamented Vance sadly. "Pfyfe has just given you your first intelligent line of investigation—and you say he's not helpful! . . . Listen to me and nota bene. Pfyfe's story about the ten thousand dollars is undoubtedly true: he appropriated the money and forged Benson's name to a check with which to replace it. But I don't for a second believe there was no security in addition to the confession. Benson wasn't the type of man—friend or no friend—who'd hand over that amount without security. He wanted his money back—not somebody in jail. That's why I put my oar in, and asked about the security. Pfyfe, of course, denied it; but when pressed as to how Benson knew he'd pay the note, he retired into a cloud. I had to suggest the confession as the possible explanation; which showed that something else was in his mind—something he didn't care to mention. And the way he jumped at my suggestion bears out my theory."

"Well, what of it?" Markham asked impatiently.

"Oh, for the gift of tears!" moaned Vance. "Don't you see that there's someone in the background—someone connected with the security? It must be so, y' know; otherwise Pfyfe would have told you the entire tale of the quarrel, if only to clear himself from suspicion. Yet, knowing that his position is an awkward one, he refuses to divulge what passed between him and Benson in the office that day. . . . Pfyfe is shielding someone—and he is not the soul of chivalry, y' know. Therefore, I ask: Why?"