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wing between one and the other, each of us influenced at different times by different motives. One was to rely on independent research; the other to extort the secret from Dollmann direct, by craft or threats. The moral of to-day was to abandon the first and embrace the second. The prospects of independent research were not a whit better than before. There were only two theories in the field, the channel theory and the Memmert theory. The former languished for lack of corroboration; the latter also appeared to be weakened. To Fraulein Dollmann the wreck-works were evidently what they purported to be, and nothing more. This fact in itself was unimportant, for it was clear as crystal that she was no party to her father's treacherous intrigues, if he was engaged in such. But if Memmert was his sphere for them, it was disconcerting to find her so familiar with that sphere, lightly talking of a descent in a diving-bell--hinting, too, that the mystery as to results was only for local consumption. Nevertheless, the charm of Memmert as the place we had traced Grimm to, and as the only tangible clue we had obtained, was still very great. The really cogent objection was the insuperable difficulty, known and watched as we were, of learning its significance. If there was anything important to see there we should never be allowed to see it, while by trying and failing we risked everything. It was on this point that the last of all misunderstandings between me and Davies was dissipated. At Bensersiel he had been influenced more than he owned by my arguments about Memmert; but at that time (as I hinted) he was biased by a radical prejudice. The channel theory had become a sort of religion with him, promising double salvation--not only avoidance of the Dollmanns, but success in the quest by methods in which he was past master. To have to desert it and resort to spying on naval defences was an idea he dreaded and distrusted. It was not the morality of the course that bothered him. He was far too clear-headed to blink at the essential fact that at heart we were spies on a foreign power in time of peace, or to salve his conscience by specious distinctions as to our mode of operation. The foreign power to him was Dollmann, a traitor. There was his final justification, fearlessly adopted and held to the last. It was rather that, knowing his own limitations, his whole nature shrank from the sort of action entailed by the Memmert theory. An
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