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saw I knew a great deal more about the business than she did herself, she admitted that that was indeed the barrier. Not to put too fine a point on it⁠—it is better, is it not, sir, to be perfectly candid⁠—she is living in terror and dread of your arrest, and she won’t marry me for fear that if it were to happen she might bring disgrace on me.”

Mr. Coburn had not moved during this speech, except that his face had become paler and the look of cold menace in his eyes seemed charged with a still more vindictive hatred. Then he answered slowly:

“I can only assume, Mr. Merriman, that your mind has become temporarily unhinged, but even with such an excuse, you cannot really believe that I am going to wait here and listen to you making such statements.”

Merriman bent forward.

“Sir,” he said earnestly, “I give you my word of honour and earnestly ask you to believe that I am approaching you as a friend. I am myself an interested party. I have sought this interview for Madeleine’s sake. For her sake, and for her sake only, I have come to ask you to discuss with me the best way out of the difficulty.”

Mr. Coburn rose abruptly.

“The best way out of the difficulty,” he declared, no longer attempting to disguise the hatred he felt, “is for you to take yourself off and never to show your face here again. I am amazed at you.” He took his automatic pistol out of his pocket. “Don’t you know that you are completely in my power? If I chose I could shoot you like a dog and sink your body in the river, and no one would ever know what had become of you.”

Merriman’s heart was beating rapidly. He had the uncomfortable suspicion that he had only to turn his back to get a bullet into it. He assumed a confidence he was far from feeling.

“On the contrary, Mr. Coburn,” he said quietly, “it is you who are in our power. I’m afraid you don’t quite appreciate the situation. It is true you could shoot me now, but if you did, nothing could save you. It would be the rope for you and prison for your confederates, and what about your daughter then? I tell you, sir, I’m not such a fool as you take me for. Knowing what I do, do you think it likely I should put myself in your power unless I knew I was safe?”

His assurance was not without its effect. The other’s face grew paler and he sat heavily down in his chair.

“I’ll hear what you have to say,” he said harshly, though without letting go his weapon.

“Then let me begin at the beginning. You remember that first evening I was here, when you so kindly supplied me with petrol? Sir, you were correct when you told Captain Beamish and Mr. Bulla that I had noticed the changing of the lorry number plate. I had.”

Mr. Coburn started slightly, but he did not speak, and Merriman went on:

“I was interested, though the thing conveyed nothing to me. But some time later I mentioned it casually, and Hilliard, who has a mania for puzzles, overheard. He suggested my joining him on his trip, and calling to see if we could solve it. You, Mr. Coburn, said another thing to your friends⁠—that though I might have noticed about the lorry, you were certain neither Hilliard nor I had seen anything suspicious at the clearing. There, sir, you were wrong. Though at that time we could not tell what was going on, we knew it was something illegal.”

Coburn was impressed at last. He sat motionless, staring at the speaker. As Merriman remained silent, he moved.

“Go on,” he said hoarsely, licking his dry lips.

“I would ask you please to visualise the situation when we left. Hilliard believed he was on the track of a criminal organisation, carrying on illicit operations on a large scale. He believed that by lodging with the police the information he had gained, the breakup of the organisation and the capture of its members would be assured, and that he would stand to gain much kudos. But he did not know what the operations were, and he hesitated to come forward, lest by not waiting and investigating further he should destroy his chance of handing over to the authorities a complete case. He was therefore exceedingly keen that we should carry on inquiries at what I may call the English end of the business. Such was Hilliard’s attitude. I trust I make myself clear.”

Again Coburn nodded without speaking.

“My position was different. I had by that time come to care for Madeleine, and I saw the effect any disclosure must have on her. I therefore wished things kept secret, and I urged Hilliard to carry out his second idea and investigate further so as to make his case complete. He made my assistance a condition of agreement, and I therefore consented to help him.”

Mr. Coburn was now ghastly, and was listening with breathless earnestness to his visitor. Merriman realised what he had always suspected, that the man was weak and a bit of a coward, and he began to believe his bluff would carry him through.

“I need not trouble you,” he went on, “with all the details of our search. It is enough to say that we found out what we wanted. We went to Hull, discovered the wharf at Ferriby, made the acquaintance of Benson, and witnessed what went on there. We know all about Archer and how he plants your stuff, and Morton, who had us under observation and whom we properly tricked. I don’t claim any credit for it; all that belongs to Hilliard. And I admit we did not learn certain small details of your scheme. But the main points are clear⁠—clear enough to get convictions anyway.”

After a pause to let his words create their full effect, Merriman continued:

“Then arose the problem that had bothered us before. Hilliard was wild to go to

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