“Holmes,” said I, as I stood one morning in our bow-window looking down the street, “here is a madman coming along.

It seems rather sad that his relatives should allow him to come out alone.”

 My friend rose lazily from his armchair and stood with his hands in the pockets of his dressing-gown, looking over my shoulder.

It was a bright, crisp February morning, and the snow of the day before still lay deep upon the ground, shimmering brightly in the wintry sun.

Down the centre of Baker Street it had been ploughed into a brown crumbly band by the traffic, but at either side and on the heaped-up edges of the foot-paths it still lay as white as when it fell.

The grey pavement had been cleaned and scraped, but was still dangerously slippery, so that there were fewer passengers than usual.

Indeed, from the direction of the Metropolitan Station no one was coming save the single gentleman whose eccentric conduct had drawn my attention.

 He was a man of about fifty, tall, portly, and imposing, with a massive, strongly marked face and a commanding figure.

He was dressed in a sombre yet rich style, in black frock-coat, shining hat, neat brown gaiters, and well-cut pearl-grey trousers.

Yet his actions were in absurd contrast to the dignity of his dress and features, for he was running hard, with occasional little springs, such as a weary man gives who is little accustomed to set any tax upon his legs.

As he ran he jerked his hands up and down, waggled his head, and writhed his face into the most extraordinary contortions.

 “What on earth can be the matter with him?” I asked.

“He is looking up at the numbers of the houses.”

 “I believe that he is coming here,” said Holmes, rubbing his hands.

 “Here?”

 “Yes; I rather think he is coming to consult me professionally.

I think that I recognise the symptoms.

Ha! did I not tell you?”

As he spoke, the man, puffing and blowing, rushed at our door and pulled at our bell until the whole house resounded with the clanging.

 A few moments later he was in our room, still puffing, still gesticulating, but with so fixed a look of grief and despair in his eyes that our smiles were turned in an instant to horror and pity.

For a while he could not get his words out, but swayed his body and plucked at his hair like one who has been driven to the extreme limits of his reason.

Then, suddenly springing to his feet, he beat his head against the wall with such force that we both rushed upon him and tore him away to the centre of the room.

Sherlock Holmes pushed him down into the easy-chair and, sitting beside him, patted his hand and chatted with him in the easy, soothing tones which he knew so well how to employ.

 “You have come to me to tell your story, have you not?” said he.

“You are fatigued with your haste.

Pray wait until you have recovered yourself, and then I shall be most happy to look into any little problem which you may submit to me.”

 The man sat for a minute or more with a heaving chest, fighting against his emotion.

Then he passed his handkerchief over his brow, set his lips tight, and turned his face towards us.

 “No doubt you think me mad?” said he.

 “I see that you have had some great trouble,” responded Holmes.

 “God knows I have!—a trouble which is enough to unseat my reason, so sudden and so terrible is it.

Public disgrace I might have faced, although I am a man whose character has never yet borne a stain.

Private affliction also is the lot of every man;

but the two coming together, and in so frightful a form, have been enough to shake my very soul.

Besides, it is not I alone.

The very noblest in the land may suffer unless some way be found out of this horrible affair.”

 “Pray compose yourself, sir,” said Holmes, “and let me have a clear account of who you are and what it is that has befallen you.”

 “My name,” answered our visitor, “is probably familiar to your ears.

I am Alexander Holder, of the banking firm of Holder & Stevenson, of Threadneedle Street.”

 The name was indeed well known to us as belonging to the senior partner in the second largest private banking concern in the City of London.

What could have happened, then, to bring one of the foremost citizens of London to this most pitiable pass?

We waited, all curiosity, until with another effort he braced himself to tell his story.

 “I feel that time is of value,” said he;

“that is why I hastened here when the police inspector suggested that I should secure your co-operation.

I came to Baker Street by the Underground, and hurried from there on foot, for the cabs go slowly through this snow.

That is why I was so out of breath, for I am a man who takes very little exercise.

I feel better now, and I will put the facts before you as shortly and yet as clearly as I can.

 “It is, of course, well known to you that in a successful banking business as much depends upon our being able to find remunerative investments for our funds as upon our increasing our connection and the number of our depositors.

One of our most lucrative means of laying out money is in the shape of loans, where the security is unimpeachable.

We have done a good deal in this direction during the last few years, and there are many noble families to whom we have advanced large sums upon the security of their pictures, libraries, or plate.

 “Yesterday morning I was seated in my office at the bank when a card was brought in to me by one of the clerks.

I started when I saw the name, for it was that of none other than—well, perhaps even to you I had better say no more than that it was a name which is a household word all over the earth—one of the highest, noblest, most exalted names in England.

I was overwhelmed by the honour and attempted, when he entered, to say so, but he plunged at once into business with the air of a man who wishes to hurry quickly through a disagreeable task.

 “‘Mr. Holder,’ said he, ‘I have been informed that you are in the habit of advancing money.’

 “‘The firm does so when the security is good.’ I answered.

 “‘It is absolutely essential to me,’ said he, ‘that I should have £50,000 at once.

I could, of course, borrow so trifling a sum ten times over from my friends, but I much prefer to make it a matter of business and to carry out that business myself.

In my position you can readily understand that it is unwise to place one’s self under obligations.’

 “‘For how long, may I ask, do you want this sum?’ I asked.

 “‘Next Monday I have a large sum due to me, and I shall then most certainly repay what you advance, with whatever interest you think it right to charge.

But it is very essential to me that the money should be paid at once.’

 “‘I should be happy to advance it without further parley from my own private purse,’ said I, ‘were it not that the strain would be rather more than it could bear.

If, on the other hand, I am to do it in the name of the firm, then in justice to my partner I must insist that, even in your case, every businesslike precaution should be taken.’

 “‘I should much prefer to have it so,’ said he, raising up a square, black morocco case which he had laid beside his chair.

‘You have doubtless heard of the Beryl Coronet?’

 “‘One of the most precious public possessions of the empire,’ said I.

 “‘Precisely.’ He opened the case, and there, imbedded in soft, flesh-coloured velvet, lay the magnificent piece of jewellery which he had named.

‘There are thirty-nine enormous beryls,’ said he, ‘and the price of the gold chasing is incalculable.

The lowest estimate would put the worth of the coronet at double the sum which I have asked.

I am prepared to leave it with you as my security.’

 “I took the precious case into my hands and looked in some perplexity from it to my illustrious client.

 “‘You doubt its value?’ he asked.

 “‘Not at all. I only doubt—’

 “‘The propriety of my leaving it.

You may set your mind at rest about that.

I should not dream of doing so were it not absolutely certain that I should be able in four days to reclaim it.

It is a pure matter of form.

Is the security sufficient?’

 “‘Ample.’

 “‘You understand, Mr. Holder, that I am giving you a strong proof of the confidence which I have in you, founded upon all that I have heard of you.

I rely upon you not only to be discreet and to refrain from all gossip upon the matter but, above all, to preserve this coronet with every possible precaution because I need not say that a great public scandal would be caused if any harm were to befall it.

Any injury to it would be almost as serious as its complete loss, for there are no beryls in the world to match these, and it would be impossible to replace them.

I leave it with you, however, with every confidence, and I shall call for it in person on Monday morning.’

 “Seeing that my client was anxious to leave, I said no more but, calling for my cashier, I ordered him to pay over fifty £1000 notes.

When I was alone once more, however, with the precious case lying upon the table in front of me, I could not but think with some misgivings of the immense responsibility which it entailed upon me.

There could be no doubt that, as it was a national possession, a horrible scandal would ensue if any misfortune should occur to it.

I already regretted having ever consented to take charge of it.

However, it was too late to alter the matter now, so I locked it up in my private safe and turned once more to my work.

 “When evening came I felt that it would be an imprudence to leave so precious a thing in the office behind me.

Bankers’ safes had been forced before now, and why should not mine be?

If so, how terrible would be the position in which I should find myself!

I determined, therefore, that for the next few days I would always carry the case backward and forward with me, so that it might never be really out of my reach.

With this intention, I called a cab and drove out to my house at Streatham, carrying the jewel with me.

I did not breathe freely until I had taken it upstairs and locked it in the bureau of my dressing-room.

 “And now a word as to my household, Mr. Holmes, for I wish you to thoroughly understand the situation.

My groom and my page sleep out of the house, and may be set aside altogether.

I have three maid-servants who have been with me a number of years and whose absolute reliability is quite above suspicion.

Another, Lucy Parr, the second waiting-maid, has only been in my service a few months.

She came with an excellent character, however, and has always given me satisfaction.

She is a very pretty girl, and has attracted admirers who have occasionally hung about the place.

That is the only drawback which we have found to her, but we believe her to be a thoroughly good girl in every way.

 “So much for the servants.

My family itself is so small that it will not take me long to describe it.

I am a widower, and have an only son, Arthur.

He has been a disappointment to me, Mr. Holmes—a grievous disappointment.

I have no doubt that I am myself to blame.

People tell me that I have spoiled him.

Very likely I have.

When my dear wife died I felt that he was all I had to love.

I could not bear to see the smile fade even for a moment from his face.

I have never denied him a wish.

Perhaps it would have been better for both of us had I been sterner, but I meant it for the best.

 “It was naturally my intention that he should succeed me in my business, but he was not of a business turn.

He was wild, wayward, and, to speak the truth, I could not trust him in the handling of large sums of money.

When he was young he became a member of an aristocratic club, and there, having charming manners, he was soon the intimate of a number of men with long purses and expensive habits.

He learned to play heavily at cards and to squander money on the turf, until he had again and again to come to me and implore me to give him an advance upon his allowance, that he might settle his debts of honour.

He tried more than once to break away from the dangerous company which he was keeping, but each time the influence of his friend, Sir George Burnwell, was enough to draw him back again.

 “And, indeed, I could not wonder that such a man as Sir George Burnwell should gain an influence over him, for he has frequently brought him to my house, and I have found myself that I could hardly resist the fascination of his manner.

He is older than Arthur, a man of the world to his finger-tips, one who had been everywhere, seen everything, a brilliant talker, and a man of great personal beauty.

Yet when I think of him in cold blood, far away from the glamour of his presence, I am convinced from his cynical speech and the look which I have caught in his eyes that he is one who should be deeply distrusted.

So I think, and so, too, thinks my little Mary, who has a woman’s quick insight into character.

 “And now there is only she to be described.

She is my niece; but when my brother died five years ago and left her alone in the world I adopted her, and have looked upon her ever since as my daughter.

She is a sunbeam in my house—sweet, loving, beautiful, a wonderful manager and housekeeper, yet as tender and quiet and gentle as a woman could be.

She is my right hand.

I do not know what I could do without her.

In only one matter has she ever gone against my wishes.

Twice my boy has asked her to marry him, for he loves her devotedly, but each time she has refused him.

I think that if anyone could have drawn him into the right path it would have been she, and that his marriage might have changed his whole life;

but now, alas! it is too late—for ever too late!

 “Now, Mr. Holmes, you know the people who live under my roof, and I shall continue with my miserable story.

 “When we were taking coffee in the drawing-room that night after dinner, I told Arthur and Mary my experience, and of the precious treasure which we had under our roof, suppressing only the name of my client.

Lucy Parr, who had brought in the coffee, had, I am sure, left the room;

but I cannot swear that the door was closed.

Mary and Arthur were much interested and wished to see the famous coronet, but I thought it better not to disturb it.

 “‘Where have you put it?’ asked Arthur.

 “‘In my own bureau.’

 “‘Well, I hope to goodness the house won’t be burgled during the night.’ said he.

 “‘It is locked up,’ I answered.

 “‘Oh, any old key will fit that bureau.

When I was a youngster I have opened it myself with the key of the box-room cupboard.’

 “He often had a wild way of talking, so that I thought little of what he said.

He followed me to my room, however, that night with a very grave face.

 “‘Look here, dad,’ said he with his eyes cast down, ‘can you let me have £200?’

 “‘No, I cannot!’ I answered sharply.

‘I have been far too generous with you in money matters.’

 “‘You have been very kind,’ said he, ‘but I must have this money, or else I can never show my face inside the club again.’

 “‘And a very good thing, too!’ I cried.

 “‘Yes, but you would not have me leave it a dishonoured man,’ said he. ‘I could not bear the disgrace.

I must raise the money in some way, and if you will not let me have it, then I must try other means.’

 “I was very angry, for this was the third demand during the month.

‘You shall not have a farthing from me,’ I cried, on which he bowed and left the room without another word.

 “When he was gone I unlocked my bureau, made sure that my treasure was safe, and locked it again.

Then I started to go round the house to see that all was secure—a duty which I usually leave to Mary but which I thought it well to perform myself that night.

As I came down the stairs I saw Mary herself at the side window of the hall, which she closed and fastened as I approached.

 “‘Tell me, dad,’ said she, looking, I thought, a little disturbed, ‘did you give Lucy, the maid, leave to go out to-night?’

 “‘Certainly not.’

 “‘She came in just now by the back door.

I have no doubt that she has only been to the side gate to see someone, but I think that it is hardly safe and should be stopped.’

 “‘You must speak to her in the morning, or I will if you prefer it.

Are you sure that everything is fastened?’

 “‘Quite sure, dad.’

 “‘Then, good-night.’ I kissed her, and went up to my bedroom again, where I was soon asleep.

 “I am endeavouring to tell you everything, Mr. Holmes, which may have any bearing upon the case, but I beg that you will question me upon any point which I do not make clear.”

 “On the contrary, your statement is singularly lucid.”

 “I come to a part of my story now in which I should wish to be particularly so.

I am not a very heavy sleeper, and the anxiety in my mind tended, no doubt, to make me even less so than usual.

About two in the morning, then, I was awakened by some sound in the house.

It had ceased ere I was wide awake, but it had left an impression behind it as though a window had gently closed somewhere.

I lay listening with all my ears.

Suddenly, to my horror, there was a distinct sound of footsteps moving softly in the next room.

I slipped out of bed, all palpitating with fear, and peeped round the corner of my dressing-room door.

 “‘Arthur!’ I screamed, ‘you villain! you thief!

How dare you touch that coronet?’

 “The gas was half up, as I had left it, and my unhappy boy, dressed only in his shirt and trousers, was standing beside the light, holding the coronet in his hands.

He appeared to be wrenching at it, or bending it with all his strength.

At my cry he dropped it from his grasp and turned as pale as death.

I snatched it up and examined it.

One of the gold corners, with three of the beryls in it, was missing.

 “‘You blackguard!’ I shouted, beside myself with rage.

‘You have destroyed it!

You have dishonoured me forever!

Where are the jewels which you have stolen?’

 “‘Stolen!’ he cried.

 “‘Yes, thief!’ I roared, shaking him by the shoulder.

 “‘There are none missing.

There cannot be any missing,’ said he.

 “‘There are three missing.

And you know where they are.

Must I call you a liar as well as a thief?

Did I not see you trying to tear off another piece?’

 “‘You have called me names enough,’ said he, ‘I will not stand it any longer.

I shall not say another word about this business, since you have chosen to insult me.

I will leave your house in the morning and make my own way in the world.’

 “‘You shall leave it in the hands of the police!’ I cried, half-mad with grief and rage.

‘I shall have this matter probed to the bottom.’

 “‘You shall learn nothing from me,’ said he, with a passion such as I should not have thought was in his nature.

‘If you choose to call the police, let the police find what they can.’

 “By this time the whole house was astir, for I had raised my voice in my anger.

Mary was the first to rush into my room, and, at the sight of the coronet and of Arthur’s face, she read the whole story and, with a scream, fell down senseless on the ground.

I sent the house-maid for the police and put the investigation into their hands at once.

When the inspector and a constable entered the house, Arthur, who had stood sullenly with his arms folded, asked me whether it was my intention to charge him with theft.

I answered that it had ceased to be a private matter, but had become a public one, since the ruined coronet was national property.

I was determined that the law should have its way in everything.

 “‘At least,’ said he, ‘you will not have me arrested at once.

It would be to your advantage as well as mine if I might leave the house for five minutes.’

 “‘That you may get away, or perhaps that you may conceal what you have stolen,’ said I.

And then, realising the dreadful position in which I was placed, I implored him to remember that not only my honour but that of one who was far greater than I was at stake;

and that he threatened to raise a scandal which would convulse the nation.

He might avert it all if he would but tell me what he had done with the three missing stones.

 “‘You may as well face the matter,’ said I;

‘you have been caught in the act, and no confession could make your guilt more heinous.

If you but make such reparation as is in your power, by telling us where the beryls are, all shall be forgiven and forgotten.’

 “‘Keep your forgiveness for those who ask for it,’ he answered, turning away from me, with a sneer.

I saw that he was too hardened for any words of mine to influence him.

There was but one way for it.

I called in the inspector and gave him into custody.

A search was made at once not only of his person but of his room and of every portion of the house where he could possibly have concealed the gems;

but no trace of them could be found, nor would the wretched boy open his mouth for all our persuasions and our threats.

This morning he was removed to a cell, and I, after going through all the police formalities, have hurried round to you to implore you to use your skill in unravelling the matter.

The police have openly confessed that they can at present make nothing of it.

You may go to any expense which you think necessary.

I have already offered a reward of £1000.

My God, what shall I do!

I have lost my honour, my gems, and my son in one night.

Oh, what shall I do!”

 He put a hand on either side of his head, and rocked himself to and fro, droning to himself like a child whose grief has got beyond words.

 Sherlock Holmes sat silent for some few minutes, with his brows knitted and his eyes fixed upon the fire.

 “Do you receive much company?” he asked.

 “None save my partner with his family and an occasional friend of Arthur’s.

Sir George Burnwell has been several times lately.

No one else, I think.”

 “Do you go out much in society?”

 “Arthur does. Mary and I stay at home.

We neither of us care for it.”

 “That is unusual in a young girl.”

 “She is of a quiet nature.

Besides, she is not so very young.

She is four-and-twenty.”

 “This matter, from what you say, seems to have been a shock to her also.”

 “Terrible! She is even more affected than I.”

 “You have neither of you any doubt as to your son’s guilt?”

 “How can we have, when I saw him with my own eyes with the coronet in his hands.”

 “I hardly consider that a conclusive proof.

Was the remainder of the coronet at all injured?”

 “Yes, it was twisted.”

 “Do you not think, then, that he might have been trying to straighten it?”

 “God bless you! You are doing what you can for him and for me.

But it is too heavy a task.

What was he doing there at all?

If his purpose were innocent, why did he not say so?”

 “Precisely. And if it were guilty, why did he not invent a lie?

His silence appears to me to cut both ways.

There are several singular points about the case.

What did the police think of the noise which awoke you from your sleep?”

 “They considered that it might be caused by Arthur’s closing his bedroom door.”

 “A likely story! As if a man bent on felony would slam his door so as to wake a household.

What did they say, then, of the disappearance of these gems?”

 “They are still sounding the planking and probing the furniture in the hope of finding them.”

 “Have they thought of looking outside the house?”

 “Yes, they have shown extraordinary energy.

The whole garden has already been minutely examined.”

 “Now, my dear sir,” said Holmes, “is it not obvious to you now that this matter really strikes very much deeper than either you or the police were at first inclined to think?

It appeared to you to be a simple case;

to me it seems exceedingly complex.

Consider what is involved by your theory.

You suppose that your son came down from his bed, went, at great risk, to your dressing-room, opened your bureau, took out your coronet, broke off by main force a small portion of it, went off to some other place, concealed three gems out of the thirty-nine, with such skill that nobody can find them, and then returned with the other thirty-six into the room in which he exposed himself to the greatest danger of being discovered.

I ask you now, is such a theory tenable?”

 “But what other is there?” cried the banker, with a gesture of despair.

“If his motives were innocent, why does he not explain them?”

 “It is our task to find that out,” replied Holmes;

“so now, if you please, Mr. Holder, we will set off for Streatham together, and devote an hour to glancing a little more closely into details.”

 My friend insisted upon my accompanying them in their expedition, which I was eager enough to do, for my curiosity and sympathy were deeply stirred by the story to which we had listened.

I confess that the guilt of the banker’s son appeared to me to be as obvious as it did to his unhappy father, but still I had such faith in Holmes’ judgment that I felt that there must be some grounds for hope as long as he was dissatisfied with the accepted explanation.

He hardly spoke a word the whole way out to the southern suburb, but sat with his chin upon his breast and his hat drawn over his eyes, sunk in the deepest thought.

Our client appeared to have taken fresh heart at the little glimpse of hope which had been presented to him, and he even broke into a desultory chat with me over his business affairs.

A short railway journey and a shorter walk brought us to Fairbank, the modest residence of the great financier.

 Fairbank was a good-sized square house of white stone, standing back a little from the road.

A double carriage-sweep, with a snow-clad lawn, stretched down in front to two large iron gates which closed the entrance.

On the right side was a small wooden thicket, which led into a narrow path between two neat hedges stretching from the road to the kitchen door, and forming the tradesmen’s entrance.

On the left ran a lane which led to the stables, and was not itself within the grounds at all, being a public, though little used, thoroughfare.

Holmes left us standing at the door and walked slowly all round the house, across the front, down the tradesmen’s path, and so round by the garden behind into the stable lane.

So long was he that Mr. Holder and I went into the dining-room and waited by the fire until he should return.

We were sitting there in silence when the door opened and a young lady came in.

She was rather above the middle height, slim, with dark hair and eyes, which seemed the darker against the absolute pallor of her skin.

I do not think that I have ever seen such deadly paleness in a woman’s face.

Her lips, too, were bloodless, but her eyes were flushed with crying.

As she swept silently into the room she impressed me with a greater sense of grief than the banker had done in the morning, and it was the more striking in her as she was evidently a woman of strong character, with immense capacity for self-restraint.

Disregarding my presence, she went straight to her uncle, and passed her hand over his head with a sweet womanly caress.

 “You have given orders that Arthur should be liberated, have you not, dad?” she asked.

 “No, no, my girl, the matter must be probed to the bottom.”

 “But I am so sure that he is innocent.

You know what woman’s instincts are.

I know that he has done no harm and that you will be sorry for having acted so harshly.”

 “Why is he silent, then, if he is innocent?”

 “Who knows? Perhaps because he was so angry that you should suspect him.”

 “How could I help suspecting him, when I actually saw him with the coronet in his hand?”

 “Oh, but he had only picked it up to look at it.

Oh do, do take my word for it that he is innocent.

Let the matter drop and say no more.

It is so dreadful to think of our dear Arthur in prison!”

 “I shall never let it drop until the gems are found—never, Mary!

Your affection for Arthur blinds you as to the awful consequences to me.

Far from hushing the thing up, I have brought a gentleman down from London to inquire more deeply into it.”

 “This gentleman?” she asked, facing round to me.

 “No, his friend. He wished us to leave him alone.

He is round in the stable lane now.”

 “The stable lane?” She raised her dark eyebrows.

“What can he hope to find there?

Ah! this, I suppose, is he.

I trust, sir, that you will succeed in proving, what I feel sure is the truth, that my cousin Arthur is innocent of this crime.”

 “I fully share your opinion, and I trust, with you, that we may prove it,” returned Holmes, going back to the mat to knock the snow from his shoes.

“I believe I have the honour of addressing Miss Mary Holder.

Might I ask you a question or two?”

 “Pray do, sir, if it may help to clear this horrible affair up.”

 “You heard nothing yourself last night?”

 “Nothing, until my uncle here began to speak loudly.

I heard that, and I came down.”

 “You shut up the windows and doors the night before.

Did you fasten all the windows?”

 “Yes.”

 “Were they all fastened this morning?”

 “Yes.”

 “You have a maid who has a sweetheart?

I think that you remarked to your uncle last night that she had been out to see him?”

 “Yes, and she was the girl who waited in the drawing-room, and who may have heard uncle’s remarks about the coronet.”

 “I see. You infer that she may have gone out to tell her sweetheart, and that the two may have planned the robbery.”

 “But what is the good of all these vague theories,” cried the banker, impatiently, “when I have told you that I saw Arthur with the coronet in his hands?”

 “Wait a little, Mr. Holder.

We must come back to that.

About this girl, Miss Holder.

You saw her return by the kitchen door, I presume?”

 “Yes; when I went to see if the door was fastened for the night I met her slipping in.

I saw the man, too, in the gloom.”

 “Do you know him?”

 “Oh yes; he is the green-grocer who brings our vegetables round.

His name is Francis Prosper.”

 “He stood,” said Holmes, “to the left of the door—that is to say, farther up the path than is necessary to reach the door?”

 “Yes, he did.”

 “And he is a man with a wooden leg?”

 Something like fear sprang up in the young lady’s expressive black eyes.

“Why, you are like a magician,” said she.

“How do you know that?”

She smiled, but there was no answering smile in Holmes’ thin, eager face.

 “I should be very glad now to go upstairs,” said he.

“I shall probably wish to go over the outside of the house again.

Perhaps I had better take a look at the lower windows before I go up.”

 He walked swiftly round from one to the other, pausing only at the large one which looked from the hall onto the stable lane.

This he opened and made a very careful examination of the sill with his powerful magnifying lens.

“Now we shall go upstairs,” said he, at last.

 The banker’s dressing-room was a plainly furnished little chamber, with a grey carpet, a large bureau, and a long mirror.

Holmes went to the bureau first and looked hard at the lock.

 “Which key was used to open it?” he asked.

 “That which my son himself indicated—that of the cupboard of the lumber-room.”

 “Have you it here?”

 “That is it on the dressing-table.”

 Sherlock Holmes took it up and opened the bureau.

 “It is a noiseless lock,” said he.

“It is no wonder that it did not wake you.

This case, I presume, contains the coronet.

We must have a look at it.”

He opened the case, and taking out the diadem he laid it upon the table.

It was a magnificent specimen of the jeweller’s art, and the thirty-six stones were the finest that I have ever seen.

At one side of the coronet was a cracked edge, where a corner holding three gems had been torn away.

 “Now, Mr. Holder,” said Holmes, “here is the corner which corresponds to that which has been so unfortunately lost.

Might I beg that you will break it off.”

 The banker recoiled in horror.

“I should not dream of trying,” said he.

 “Then I will.” Holmes suddenly bent his strength upon it, but without result.

“I feel it give a little,” said he;

“but, though I am exceptionally strong in the fingers, it would take me all my time to break it.

An ordinary man could not do it.

Now, what do you think would happen if I did break it, Mr. Holder?

There would be a noise like a pistol shot.

Do you tell me that all this happened within a few yards of your bed and that you heard nothing of it?”

 “I do not know what to think.

It is all dark to me.”

 “But perhaps it may grow lighter as we go.

What do you think, Miss Holder?”

 “I confess that I still share my uncle’s perplexity.”

 “Your son had no shoes or slippers on when you saw him?”

 “He had nothing on save only his trousers and shirt.”

 “Thank you. We have certainly been favoured with extraordinary luck during this inquiry, and it will be entirely our own fault if we do not succeed in clearing the matter up.

With your permission, Mr. Holder,

I shall now continue my investigations outside.”

 He went alone, at his own request, for he explained that any unnecessary footmarks might make his task more difficult.

For an hour or more he was at work, returning at last with his feet heavy with snow and his features as inscrutable as ever.

 “I think that I have seen now all that there is to see, Mr. Holder,” said he;

“I can serve you best by returning to my rooms.”

 “But the gems, Mr. Holmes. Where are they?”

 “I cannot tell.”

 The banker wrung his hands.

“I shall never see them again!” he cried.

“And my son? You give me hopes?”

 “My opinion is in no way altered.”

 “Then, for God’s sake, what was this dark business which was acted in my house last night?”

 “If you can call upon me at my Baker Street rooms to-morrow morning between nine and ten I shall be happy to do what I can to make it clearer.

I understand that you give me carte blanche to act for you, provided only that I get back the gems, and that you place no limit on the sum I may draw.”

 “I would give my fortune to have them back.”

 “Very good. I shall look into the matter between this and then.

Good-bye; it is just possible that I may have to come over here again before evening.”

 It was obvious to me that my companion’s mind was now made up about the case, although what his conclusions were was more than I could even dimly imagine.

Several times during our homeward journey I endeavoured to sound him upon the point, but he always glided away to some other topic, until at last I gave it over in despair.

It was not yet three when we found ourselves in our rooms once more.

He hurried to his chamber and was down again in a few minutes dressed as a common loafer.

With his collar turned up, his shiny, seedy coat, his red cravat, and his worn boots, he was a perfect sample of the class.

 “I think that this should do,” said he, glancing into the glass above the fireplace.

“I only wish that you could come with me, Watson, but I fear that it won’t do.

I may be on the trail in this matter, or I may be following a will-of-the-wisp, but I shall soon know which it is.

I hope that I may be back in a few hours.”

He cut a slice of beef from the joint upon the sideboard, sandwiched it between two rounds of bread, and, thrusting this rude meal into his pocket, he started off upon his expedition.

 I had just finished my tea when he returned, evidently in excellent spirits, swinging an old elastic-sided boot in his hand.

He chucked it down into a corner and helped himself to a cup of tea.

 “I only looked in as I passed,” said he.

“I am going right on.”

 “Where to?”

 “Oh, to the other side of the West End.

It may be some time before I get back.

Don’t wait up for me in case I should be late.”

 “How are you getting on?”

 “Oh, so so. Nothing to complain of.

I have been out to Streatham since I saw you last, but I did not call at the house.

It is a very sweet little problem, and I would not have missed it for a good deal.

However, I must not sit gossiping here, but must get these disreputable clothes off and return to my highly respectable self.”

 I could see by his manner that he had stronger reasons for satisfaction than his words alone would imply.

His eyes twinkled, and there was even a touch of colour upon his sallow cheeks.

He hastened upstairs, and a few minutes later I heard the slam of the hall door, which told me that he was off once more upon his congenial hunt.

 I waited until midnight, but there was no sign of his return, so I retired to my room.

It was no uncommon thing for him to be away for days and nights on end when he was hot upon a scent, so that his lateness caused me no surprise.

I do not know at what hour he came in, but when I came down to breakfast in the morning there he was with a cup of coffee in one hand and the paper in the other, as fresh and trim as possible.

 “You will excuse my beginning without you, Watson,” said he;

“but you remember that our client has rather an early appointment this morning.”

 “Why, it is after nine now,” I answered.

“I should not be surprised if that were he.

I thought I heard a ring.”

 It was, indeed, our friend the financier.

I was shocked by the change which had come over him, for his face which was naturally of a broad and massive mould, was now pinched and fallen in, while his hair seemed to me at least a shade whiter.

He entered with a weariness and lethargy which was even more painful than his violence of the morning before, and he dropped heavily into the armchair which I pushed forward for him.

 “I do not know what I have done to be so severely tried,” said he.

“Only two days ago I was a happy and prosperous man, without a care in the world.

Now I am left to a lonely and dishonoured age.

One sorrow comes close upon the heels of another.

My niece, Mary, has deserted me.”

 “Deserted you?”

 “Yes. Her bed this morning had not been slept in, her room was empty, and a note for me lay upon the hall table.

I had said to her last night, in sorrow and not in anger, that if she had married my boy all might have been well with him.

Perhaps it was thoughtless of me to say so.

It is to that remark that she refers in this note:

 “‘MY DEAREST UNCLE,—I feel that I have brought trouble upon you, and that if I had acted differently this terrible misfortune might never have occurred.

I cannot, with this thought in my mind, ever again be happy under your roof, and I feel that I must leave you forever.

Do not worry about my future, for that is provided for;

and, above all, do not search for me, for it will be fruitless labour and an ill-service to me.

In life or in death, I am ever your loving

 “‘MARY.’

 “What could she mean by that note, Mr. Holmes?

Do you think it points to suicide?”

 “No, no, nothing of the kind.

It is perhaps the best possible solution.

I trust, Mr. Holder, that you are nearing the end of your troubles.”

 “Ha! You say so! You have heard something, Mr. Holmes;

you have learned something!

Where are the gems?”

 “You would not think £1000 apiece an excessive sum for them?”

 “I would pay ten.”

 “That would be unnecessary.

Three thousand will cover the matter.

And there is a little reward, I fancy.

Have you your check-book?

Here is a pen.

Better make it out for £4000.”

 With a dazed face the banker made out the required check.

Holmes walked over to his desk, took out a little triangular piece of gold with three gems in it, and threw it down upon the table.

 With a shriek of joy our client clutched it up.

 “You have it!” he gasped.

“I am saved! I am saved!”