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“Have you handed him the money?”

“No, sir. I am to meet him to-morrow morning at the Fifth Avenue Hotel, and pay him.”

“Why doesn't he call at the office?”

“I don't know,” answered Grant, puzzled. “I suggested to him to bring the bonds to the office himself, but he said he was in haste, and offered me a dollar to attend to the matter.”

“This seems a mysterious case.”

“Excuse me, Mr. Reynolds, but I think it is plain enough,” said the housekeeper, spitefully. “That boy opened my bureau drawer, and stole the bonds.”

“That is not true, Mr. Reynolds,” exclaimed Grant, indignantly.

“How did you know the bonds were offered for sale at my office to-day, Mrs. Estabrook?” inquired the broker.

“My son—Willis Ford—told me.”

“When did you see him?”

“Just now.”

“Is he in the house?”

“Yes, sir. I left him in my room.”

“Ask him to be kind enough to accompany you here.”

The housekeeper left the room. Grant and his employer remained silent during her absence.





CHAPTER XVII — THE TELLTALE KEY

Willis Ford entered the presence of his employer with an air of confidence which he did not feel. Knowing his own guilt, he felt ill at ease and nervous; but the crisis had come and he must meet it.

“Take a seat, Mr. Ford,” said Mr. Reynolds, gravely. “Your stepmother tells me that she has lost some government bonds?”

“All I had in the world,” moaned the housekeeper.

“Yes, sir; I regret to say that she has been robbed.”

“I learn, moreover, that a part of the bonds were brought to my office for sale to-day?”

“Yes, sir.”

“And by Grant Thornton?”

“He can answer that question for himself, sir. He is present.”

“It is true,” said Grant, quietly.

“Did you ask him where the bonds came from?”

“He volunteered the information. He said they were intrusted to him for sale by a friend.”

“Acquaintance,” corrected Grant.

“It may have been so. I understood him to say friend.”

“You had no suspicions that anything was wrong?” asked the broker.

“No; I felt perfect confidence in the boy.”

Grant was rather surprised to hear this. If this were the case, Willis Ford had always been very successful, in concealing his real sentiments.

“How did you pay him?”

“In a check to his own order.”

“Have you collected the money on that check, Grant?” asked Mr. Reynolds.

“Yes, sir.”

“Have you paid it out to the party from whom you obtained the bonds?”

“No, sir; I am to meet him to-morrow morning at the Fifth Avenue Hotel.”

Willis Ford's countenance changed when he heard this statement. He supposed that Jim Morrison already had his money and was safely off with it. Now it was clear that Grant would not be allowed to pay it to him, and his own debt would remain unpaid. That being the case, Morrison would be exasperated, and there was no knowing what he would say.

“What do you know of this man, Grant?”

“Very little, sir.”

“How does he impress you—as an honest, straightforward man?”

Grant shook his head.

“Not at all,” he said.

“Yet you took charge of his business for him?”

“Yes, sir; but not willingly. He offered me a dollar for my trouble, and as I did not know there was anything wrong, I consented. Besides—-” Here Grant paused.

“Well?”

“Will you excuse my continuing, Mr. Reynolds?”

“No,” answered the broker, firmly. “On the other hand, I insist upon your saying what you had in your mind.”

“Having seen Mr. Ford in this man's company, I concluded he was all right.”

Willis Ford flushed and looked disconcerted.

“Is this true, Mr. Ford?” asked the broker. “Do you know this man?”

“What do you say his name was, Thornton?” asked Ford, partly to gain time.

“James Morrison.”

“Yes; I know him. He was introduced to me by an intimate friend of that boy,” indicating Grant.

Willis Ford smiled triumphantly. He felt that he had checkmated our hero.

“Is this true, Grant?”

“I presume so,” answered Grant, coolly. “You refer to Tom Calder, do you not, Mr. Ford?”

“I believe that is his name.”

“He is not an intimate friend of mine, but we came from the same village. It is that boy who was with me when I first met you, Mr. Reynolds.”

The broker's face cleared.

“Yes, I remember him. But how do you happen to know Tom Calder, Mr. Ford?”

“He had a room at the same house with me. He introduced himself as a friend of this boy.”

“Do you know anything of him—how he earns his living?”

“Haven't the faintest idea,” answered Ford. “My acquaintance with him is very slight.”

“There seems a mystery here,” said the broker. “This Morrison gives Grant two bonds to dispose of, which are identified as belonging to my housekeeper. How did he obtain possession of them? That is the question.”

“There isn't much doubt about that,” said Mrs. Estabrook. “This boy whom you have taken into your family has taken them.”

“You are entirely mistaken, Mrs. Estabrook,” said Grant, indignantly.

“Of course you say so!” retorted the housekeeper; “but it stands to reason that

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