that I desired to see her about the money. She went out. I
followed shortly. It was snowing heavily when I got out. I heard a cry,
and rushed in its direction. It came from the grave of Kent. Daisy was
lying there dead. I saw a man dash away----"

"Who was he?" asked Steel and Giles simultaneously.

"I believe, from the glimpse I caught, he was Dane."

"I thought so," said Steel triumphantly.

"Yes, Dane killed the girl. I expect Morley put him up to it. I lost my
head. I knew that to save himself that Morley would accuse me. I rushed
forward. Anne came out. I hurriedly explained, and then----"

"We know," interrupted Giles, "you bolted on my motor-car. Tell us how
you got the money."

"Oh, I appeared as Franklin, and saw Asher. I produced my papers, and
was put into formal possession of the money. Morley insisted that I
should live down here, under his eye. I could not refuse. He has drained
me of nearly every penny. Then, when trouble began, he made use of his
position here to warn me of what was going on."

"He made a fool of me," said Giles grimly. "I told him everything, and
you played that nice little comedy in the park."

"With Mrs. Benker?" Denham smiled. "Yes; and the soliloquy was my own
idea. I knew that would impose on you."

"Morley swindled me also," said Steel, with gloom. "Clever man!"

"You said that before," remarked Denham dryly. "However, when Anne's
mother appeared I knew the game was up. She made me promise to send Anne
to her, so I had to let her go."

"Why did you blame Anne for the murder?"

"I wanted to stop your prying into matters which did not concern you,"
snarled the man savagely. "It was you who started all this infernal
business. But it's all over. You can arrest me as soon as you like,
Steel, and if you can catch Morley I'll willingly stand in the dock
beside him."

As he said this the door opened. There was a noise outside. Portia was
trying to keep some one back, but the man forced his way past her and
into the room. It was Trim, and he presented a letter to his master.
"Beg pardon, sir, but I heard you were here, and there's a letter came
this morning marked 'Immediate.' I wanted to start for town, but when I
heard you were here I came over, and this young woman's been trying to
keep me out, to say nothing of them police below."

Giles opened the letter hastily. Something fell with a silvery ring on
the floor. Steel picked it up. "What's this?" he asked wonderingly--"