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Doolittle said that he would trouble the Court with as few remarks as possible. All that he could urge on behalf of the unfortunate man in the dock was that until three years ago he had borne a most exemplary character, and had never committed a dishonest action. It had been his misfortune, his folly, to allow a plausible man to persuade him to these acts of dishonesty. That man had been called to another account, and the prisoner was left to bear the consequences of his association with him. It seemed as if Chamberlayne had made away with the money for his own purposes, and it might be that it would yet be recovered. He would only ask the Court to remember the prisoner's antecedents and his previous good conduct, and to bear in mind that whatever his near future might be he was, in a commercial sense, ruined for life.

      "The Recorder, in passing sentence, said that he had not heard a single word of valid excuse for Maitland's conduct. Such dishonesty must be punished in the most severe fashion, and the prisoner must go to penal servitude for ten years.

      "Maitland, who heard the sentence unmoved, was removed from the town later in the day to the county jail at Saxchester."

      Spargo read all this swiftly; then went over it again, noting certain points in it. At last he folded up the newspaper and turned to the house—to see old Quarterpage beckoning to him from the library window.

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      "I perceive, sir," said Mr. Quarterpage, as Spargo entered the library, "that you have read the account of the Maitland trial."

      "Twice," replied Spargo.

      "And you have come to the conclusion that—but what conclusion have you come to?" asked Mr. Quarterpage.

      "That the silver ticket in my purse was Maitland's property," said Spargo, who was not going to give all his conclusions at once.

      "Just so," agreed the old gentleman. "I think so—I can't think anything else. But I was under the impression that I could have accounted for that ticket, just as I am sure I can account for the other forty-nine."

      "Yes—and how?" asked Spargo.

      Mr. Quarterpage turned to a corner cupboard and in silence produced a decanter and two curiously-shaped old wine-glasses. He carefully polished the glasses with a cloth which he took from a drawer, and set glasses and decanter on a table in the window, motioning Spargo to take a chair in proximity thereto. He himself pulled up his own elbow-chair.

      "We'll take a glass of my old brown sherry," he said. "Though I say it as shouldn't, as the saying goes, I don't think you could find better brown sherry than that from Land's End to Berwick-upon-Tweed, Mr. Spargo—no, nor further north either, where they used to have good taste in liquor in my young days! Well, here's your good health, sir, and I'll tell you about Maitland."

      "I'm curious," said Spargo. "And about more than Maitland. I want to know about a lot of things arising out of that newspaper report. I want to know something about the man referred to so much—the stockbroker, Chamberlayne."

      "Just so," observed Mr. Quarterpage, smiling. "I thought that would touch your sense of the inquisitive. But Maitland first. Now, when Maitland went to prison, he left behind him a child, a boy, just then about two years old. The child's mother was dead. Her sister, a Miss Baylis, appeared on the scene—Maitland had married his wife from a distance—and took possession of the child and of Maitland's personal effects. He had been made bankrupt while he was awaiting his trial, and all his household goods were sold. But this Miss Baylis took some small personal things, and I always believed that she took the silver ticket. And she may have done, for anything I know to the contrary. Anyway, she took the child away, and there was an end of the Maitland family in Market Milcaster. Maitland, of course, was in due procedure of things removed to Dartmoor, and there he served his term. There were people who were very anxious to get hold of him when he came out—the bank people, for they believed that he knew more about the disposition of that money than he'd ever told, and they wanted to induce him to tell what they hoped he knew—between ourselves, Mr. Spargo, they were going to make it worth his while to tell."

      Spargo tapped the newspaper, which he had retained while the old gentleman talked.

      "Then they didn't believe what his counsel said—that Chamberlayne got all the money?" he asked.

      Mr. Quarterpage laughed.

      "No—nor anybody else!" he answered. "There was a strong idea in the town—you'll see why afterwards—that it was all a put-up job, and that Maitland cheerfully underwent his punishment knowing that there was a nice fortune waiting for him when he came out. And as I say, the bank people meant to get hold of him. But though they sent a special agent to meet him on his release, they never did get hold of him. Some mistake arose—when Maitland was released, he got clear away. Nobody's ever heard a word of him from that day to this. Unless Miss Baylis has."

      "Where does this Miss Baylis live?" asked Spargo.

      "Well, I don't know," replied Mr. Quarterpage. "She did live in Brighton when she took the child away, and her address was known, and I have it somewhere. But when the bank people sought her out after Maitland's release, she, too, had clean disappeared, and all efforts to trace her failed. In fact, according to the folks who lived near her in Brighton, she'd completely disappeared, with the child, five years before. So there wasn't a clue to Maitland. He served his time—made a model prisoner—they did find that much out!—earned the maximum remission, was released, and vanished. And for that very reason there's a theory about him in this very town to this very day!"

      "What?" asked Spargo.

      "This. That he's now living comfortably, luxuriously abroad on what he got from the bank," replied Mr. Quarterpage. "They say that the sister-in-law was in at the game; that when she disappeared with the child, she went abroad somewhere and made a home ready for Maitland, and that he went off to them as soon as he came out. Do you see?"

      "I suppose that was possible," said Spargo.

      "Quite possible, sir. But now," continued the old gentleman, replenishing the glasses, "now we come on to the Chamberlayne story. It's a good deal more to do with the Maitland story than appears at first sight, I'll tell it to you and you can form your own conclusions. Chamberlayne was a man who came to Market Milcaster—I don't know from where—in 1886—five years before the Maitland smash-up. He was then about Maitland's age—a man of thirty-seven or eight. He came as clerk to old Mr. Vallas, the rope and twine manufacturer: Vallas's place is still there, at the bottom of the High Street, near the river, though old Vallas is dead. He was a smart, cute, pushing chap, this Chamberlayne; he made himself indispensable to old Vallas, and old Vallas paid him a rare good salary. He settled down in the town, and he married a town girl, one of the Corkindales, the saddlers, when he'd been here three years. Unfortunately she died in childbirth within a year of their marriage. It was very soon after that that Chamberlayne threw up his post at Vallas's, and started business as a stock-and- share broker. He'd been a saving man; he'd got a nice bit of money with his wife; he always let it be known that he had money of his own, and he started in a good way. He was a man of the most plausible manners: he'd have coaxed butter out of a dog's throat if he'd wanted to. The moneyed men of the town believed in him—I believed in him myself, Mr. Spargo—I'd many a transaction with him, and I never lost aught by him—on the contrary, he did very well for me. He did well for most of his clients—there were, of course, ups and downs, but on the whole he satisfied his clients uncommonly well. But, naturally, nobody ever knew what was going on between him and Maitland."

      "I gather from this report," said Spargo, "that everything came out suddenly—unexpectedly?"

      "That was so, sir," replied Mr. Quarterpage. "Sudden? Unexpected? Aye, as a crack of thunder on a fine winter's day. Nobody had the ghost of a notion that anything was wrong. John Maitland was much respected in the town; much thought of by everybody; well known to everybody. I can assure you, Mr. Spargo, that it was no pleasant thing to have to sit on that grand jury as I did—I was its foreman, sir,—and hear a man sentenced

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