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stenographers into the room where old Somers and Emil Einstein awaited the opening of an inquisition.

"There's been a robbery of a quarter of a million of our company's funds, Wade," sharply cried Ferris. "We want to find out where Clayton is. Take hold now and get these men's statements. I'll bring in the bank messenger, and then try and hold Hugh Worthington on the telegraph. The Chief should be even now nearing Cheyenne."

Ferris grasped Einstein's arm and drew him out of the room, as Wade pompously began his Jupiter-like procedure. "I'll send for the detective captain, and the Fidelity Company's people," said Ferris; but he dragged Einstein into a vacant room. "You can open his office, you young devil?" he whispered.

"Yes; side door key," said Einstein, conscious now of a protecting friend.

"Get me in there, quick!" said Ferris, his eyes aflame. In a few moments they stood in the vacant room. Ferris pointed to the desk.

"Remember what you told me!" he sternly murmured. And as the lad drew out his stolen key, Ferris watched the roll-top desk slide open. He grasped the bundle of telegrams and lone papers on the pad, and motioned for the trembling boy to lock it.

Then, darting back into the ante-room, he dashed off two telegrams, the first addressed to his secret partner at Cheyenne, and the other to his wife in fact, but not name, "Miss Alice Worthington, Palace Hotel, Tacoma."

"Not a word of this to any one; I'll pay you," said Ferris, as he stuffed the papers in his pocket and rang for a telegraph boy. "Come in, now, and tell your story - all but this!"

Holding the shivering lad while he sent a brace of messengers for the detective chief and the Fidelity Company's expert, Arthur Ferris muttered, "Is it murder or a daring robbery? Is it flight? Has he discovered his rights and robbed Peter to pay Paul? Old Hugh must come, and until then, silence!"

When the noonday sun burned down upon Manhattan Island, a thousand offices had received the message:

"Look out for Randall Clayton, absconding cashier of the Western Trading Company. Age 28, height 5 feet 11 inches; gray eyes, brown hair, well built, weight about 170; speaks French and some German; born Detroit; slight Western accent. Missing since Saturday noon, July 2, with $150,000 currency and $100,000 endorsed cheques. Watch all trains and steamers. Photographs by mail to-morrow. Presumably alive; no woman in the case."

And in the spacious rooms of the Western Trading Company the usual business was now moving on, while a detective sat on guard in Clayton's office, and another in his deserted rooms, where the Danube picture smiled down upon the callous stranger, who murmured, "The old story, 'Cards, women, the Tenderloin, Wall Street, and fast life!' Another man gone to hell with his eyes open."

But in the mob of reporters now filling the affable treasurer's room there was the ball of angry contention tossed vigorously too and fro.

Reporter Snooks of the Earth coldly bluffed Sears of the Ledger with a bet, "Two to one on his skipping out; even money on a murder; even money on a bunco."

And so "lightly they spoke" of the man who had yielded up his unstained honor in a mad chivalry for the sake of a woman whose love had innocently led him to a horrible taking off!

Within the manager's room, the preliminary inquisition was rapidly moving on. Arthur Ferris, with burning eyes gazing intently as each word fell from the lips of the frightened witnesses.

It was while this drama was being played that the "Fuerst Bismarck" swept grandly up the North River, and the returning lawyer tourist, Jack Witherspoon, hastened up town, eager to meet his client.

"I will prospect a little," mused the cautious Witherspoon, as he registered at the Hoffman House. "Somebody may know me; and no human being must see Clayton and I together in New York! One chance spy and Hugh Worthington would be on his defense, and I would then lose my place in a jiffy and all power to make him disgorge."

He was pondering over the best way to reach Clayton, and had just decided to wait after dark at the rooms for his old class-mate, when he remembered the annual election.

"By Jove!" mused Witherspoon, now burning to with Francine Delacroix's dowry from the enemy.

"Ferris will surely be nosing around here. I must not show myself at Clayton's rooms. There are two ways: one to call him by telephone, and the other is to telegraph to the Detroit Club and have the Secretary then telegraph to Clayton to call at once at Room 586, Hoffman, on 'Alpha Delta Phi' business. They might have a clerk on at the telephone over at the office. and if I was asked who wants Mr. Clayton, I might be trapped."

He suddenly remembered his last agreement with his prospective client, that if anything unforeseen occurred, Clayton would write or telegraph to his comrade at the Detroit Club, and so, Witherspoon added a few words of direction to the secretary, to his request that Clayton be bidden to an "Alpha Delta Phi" secret reunion at Room 586, Hoffman.

Witherspoon had already purchased a week's file of the New York journals in order to follow up the financial columns, and was moving toward the elevator from the telegraph stand, when a boy thrust an extra into his hand.

"Heavy Robbery by Absconding Cashier! Randall Clayton Lets the Western Trading Company in for a Quarter of a Million. Another Case of a Double Life!"

With a supreme effort the Detroit lawyer mastered himself and sought the seclusion of his room. In ten minutes he had recovered his legal acumen. The two columns of the extra gave a list of the new officers of the company, and the statement that Mr. Hugh Worthington was at Tacoma with his invalid daughter, was supplemented by the statement that Arthur Ferris of Heath & Ferris, 105 Broad Street (the recently elected vice-president), was in charge of the whole situation.

When Jack Witherspoon had cooled his heated brows, he swore a deep and mighty oath of vengeance. "I don't believe a word of this whole rot," he stoutly said to himself. "Either Clayton has been frightened off, and is waiting for me near Detroit, or they have trapped him in some way. Something has brought things to a crisis. And yet, I must handle Mr. Arthur Ferris with velvet gloves!"

He reflected now upon the imprudence of his registration at the Hoffman. The railroad attorneyship had brought him in close contact with Ferris. "I must go around there and show up at once! They would surely see my arrival in the papers!"

He had just finished his professional toilet when a telegram was brought to his door. He tore it open with a wild anxiety.

"No news of friend here. Have sent dispatch as agreed. There is sealed box of valuables here for you, deposited a month ago by your friend; sent by special express commission. Telegraph your directions."

He sought the telegraph office and wired orders to have the deposit instantly expressed to him, at Adams & Co.'s general office. "Take receipt in my name for twenty-five thousand dollars' value," was his last prudent order.

And then, jumping into a coupé, he departed for the Western Trading Company's office. "They will have the telegram," thought Witherspoon. "Thank God! Ferris is a Columbia College man, and no member of our 'frat.' I can tell him that some of our New York chapter proposed to celebrate my return, unknown to me. There's Doctor Billy Atwater. I must look him up to-night. I can leave him here on guard while I go and face Hugh Worthington. Either Hugh or Ferris has put up this job!"

Suddenly an awful thought came to him.

"My God! Have they made away with him?"

He saw his course plainly now. The untiring pursuit of the wolf, the silence of the crouching panther!

"Never!" he proudly declared in his heart. "Randall Clayton a thief! Never! I will be the second shadow of Mr. Arthur Ferris. If any one has the key of this mystery, he has. Clayton never went away willingly. It would be his ruin for life to let his name be blackened. And, the money! Who has it?"

The prominence of Mr. John Witherspoon as the Detroit counsel of the Trading Company's great syndicate carrying agents insured his instant admission to the general manager's room. There was a sober gathering of a dozen magnates, and Arthur Ferris sprang up, somewhat disconcerted, when he saw Witherspoon's anxious face.

The young vice-president left the detective captain, Manager Wade, the haggard old Somers, and two great lawyers, and drew Witherspoon away into Randall Clayton's deserted rooms.

"Where did you drop from?" curtly demanded Ferris. "I've been some months in Europe," simply said Witherspoon, now wearing the oily mask of his profession. "I arrived on the 'Fuerst Bismarck' to-day, and was going to take to-night's train West. But some fellows of my college 'frat' had fixed up a 'surprise banquet' for me at the Hoffman.

"So, after all they had to tell me to hold me over, I was just opening my accumulated mail, when by accident I picked up an extra. I thought poor Clayton was away on a summer vacation."

"He's away on a devilish long one!" snarled Ferris. "Took French leave with a quarter of a million. Who, in God's name, would have taken him for a thief!" The mournful ring of Ferris' voice almost deceived his secret adversary; but Ferris was, in secret, pondering over the Detroit dispatch to the absent Clayton, which he had opened and secreted.

"This man knows nothing," decided the wary Ferris, for Witherspoon's face was frankness itself.

Jack looked around at two men vigorously working away at a huge safe standing in the corner. "They're now opening Clayton's safe," bitterly said Ferris. "Of course, there will be nothing found there. No! It's either a case of secret gambling, mad Wall Street plunging, or a crazy woman intrigue."

"What do the detectives say?" soberly queried the Detroit lawyer. "Case of sharp thief, got three days' start of us by clearing out Saturday at eleven. I've suspended that old fool, Somers, for trusting such a deposit to one man alone! It's a crushing disgrace to the New York management. I shall sweep it all away as soon as I can get Hugh's orders. I'll take charge myself, now!

"I suppose you go on to Detroit at once. We are readjusting our whole freight schedules!"

"Yes," gravely said Witherspoon, "unless I can help you here. I'll telegraph my people at once. Will you telegraph Hugh and see if he might need me here? I suppose he will come on at once."

"I can hardly say," replied Ferris, caught off his guard. "He was to have met Clayton to-day, in Cheyenne!"

In an instant Ferris regretted the lapse, and hastily added, "Of course, you might wait a couple of days. Worthington can give you his ideas, and then you can save time in closing the railroad deal. Old Hugh has a clear majority of our stock now."

Though Witherspoon had instantly grasped the significance of Ferris' dropped hint, he stilled his beating heart. "What have you done with Clayton's rooms?" he quietly said. "You had an apartment with him. You should search it."

Ferris started. "By Jove! Yes! I forgot all about that. I've two men watching them
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