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 home in my absence. You can explain to your friend how the matter lies without the restraint of my presence. I shall try over the Hoffmann Barcarole upon my violin. In five minutes I shall return for your final answer. You quite grasp the alternative, do you not? Shall we take you, or shall we have the stone?”

Holmes withdrew, picking up his violin from the corner as he passed. A few moments later the long-drawn, wailing notes of that most haunting of tunes came faintly through the closed door of the bedroom.

“What is it, then?” asked Merton anxiously, as his companion turned to him. “Does he know about the stone?”

“He knows a damned sight too much about it. I’m not sure that he doesn’t know all about it.”

“Good Lord!” The boxer’s sallow face turned a shade whiter.

“Ikey Sanders has split on us.”

“He has, has he? I’ll do him down a thick ’un for that if I swing for it.”

“That won’t help us much. We’ve got to make up our minds what to do.”

“Half a mo’,” said the boxer, looking suspiciously at the bedroom door. “He’s a leary cove that wants watching. I suppose he’s not listening?”

“How can he be listening with that music going?”

“That’s right. Maybe somebody’s behind a curtain. Too many curtains in this room.” As he looked round he suddenly saw for the first time the efigy in the window, and stood staring and pointing, too amazed for words.

“Tut! it’s only a dummy,” said the Count.