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"Very good, we shall wire to him, and see if all is well, and if a clerk of your name is working there. That is clear enough, but what is not so clear is why at sight of us one of the rogues should instantly walk out of the room and hang himself."

"The paper!" croaked a voice behind us. The man was sitting up, blanched and ghastly, with returning reason in his eyes, and hands which rubbed nervously at the broad red band which still encircled his throat.

"The paper! Of course!" yelled Holmes, in a paroxysm of excitement. "Idiot that I was! I thought so much of our visit that the paper never entered my head for an instant. To be sure, the secret must lie there." He flattened it out on the table, and a cry of triumph burst from his lips.

"Look at this, Watson!" he cried. "It is a London paper, an early edition of the Evening Standard. Here is what we want. Look at the headlines—"Crime in the City. Murder at Mawson and Williams". Gigantic Attempted Robbery, Capture of the Criminal." Here, Watson, we are all equally anxious to hear it, so kindly read it aloud to us."

It appeared from its position in the paper to have been the one event of importance in town, and the account of it ran in this way:—

"A desperate attempt at robbery, culminating in the death of one man and the capture of the criminal, occurred this afternoon in the City. For some time back Mawson and Williams, the famous financial house, have been the guardians of securities which amount in the aggregate to a sum of considerably over a million sterling. So conscious was the manager of the responsibility which devolved upon him in consequence of the great interests at stake, that safes of the very latest construction have been employed, and an armed watchman has been left day and night in the building. It appears that last week a new clerk, named Hall Pycroft, was engaged by the firm. This person appears to have been none other than Beddington, the famous forger and cracksman, who, with his brother, has only recently emerged from a five years' spell of penal servitude. By some means, which are not yet clear, he succeeded in winning, under a false name, this official position in the office, which he utilized in order to obtain mouldings of various locks, and a thorough knowledge of the position of the strong room and the safes.

"It is customary at Mawson's for the clerks to leave at midday on Saturday. Sergeant Tuson, of the City Police, was somewhat surprised therefore to see a gentleman with a carpet bag come down the steps at twenty minutes past one. His suspicions being aroused, the sergeant followed the man, and with the aid of Constable Pollock succeeded, after a most desperate resistance, in arresting him. It was at once clear that a daring and gigantic robbery had been committed. Nearly a hundred thousand pounds worth of American railway bonds, with a large amount of scrip in other mines