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I gazed over each shoulder. On the second page were the printed letters “C.P.R.,” and then came several sheets of numbers. Another heading was “Argentine,” another “Costa Rica,” and another “San Paulo,” each with pages of signs and figures after it.

“What do you make of these?” asked Holmes.

“They appear to be lists of Stock Exchange securities. I thought that ‘J.H.N.’ were the initials of a broker, and that ‘C.P.R.’ may have been his client.”

“Try Canadian Pacific Railway,” said Holmes.

Stanley Hopkins swore between his teeth, and struck his thigh with his clenched hand.

“What a fool I have been!” he cried. “Of course, it is as you say. Then ‘J.H.N.’ are the only initials we have to solve. I have already examined the old Stock Exchange lists, and I can find no one in 1883, either in the house or among the outside brokers, whose initials correspond with these. Yet I feel that the clue is the most important one that I hold. You will admit, Mr. Holmes, that there is a possibility that these initials are those of the second person who was present—in other words, of the murderer. I would also urge that the introduction into the case of a document relating to large masses of valuable securities gives us for the first time some indication of a motive for the crime.”

Sherlock Holmes’s face showed that he was thoroughly taken aback by this new development.

“I must admit both your points,” said he. “I confess that this notebook, which did not appear at the inquest, modifies any views which I may have formed. I had come to a theory of the crime in which I can find no place for this. Have you endeavoured to trace any of the securities here mentioned?”

“Inquiries are now being made at the offices, but I fear that the complete register of the stockholders of these South American concerns is in South America, and that some weeks must elapse before we can trace the shares.”

Holmes had been examining the cover of the notebook with his magnifying lens.

“Surely there is some discolouration here,” said he.

“Yes, sir, it is a blood-stain. I told you that I picked the book off the floor.”

“Was the blood-stain above or below?”

“On the side next the boards.”

“Which proves, of course, that the book was dropped after the crime was committed.”

“Exactly, Mr. Holmes. I appreciated that point, and I conjectured that it was dropped by the murderer in his hurried flight. It lay near the door.”

“I suppose that none of these securities have been found among the property of the dead man?”

“No, sir.”

“Have you any reason to suspect robbery?”

“No, sir. Nothing seemed to have been touched.”

“Dear me, it is certainly a very interesting case. Then there was a knife, was there not?”

“A sheath-knife, still in its sheath. It lay at the feet of the dead man. Mrs. Carey has identified it as being her husband’s property.”

Holmes was lost in thought for some time.

“Well,” said he, at last, “I suppose I shall have to come out and have a look at it.”

Stanley Hopkins gave a cry of joy.

“Thank you, sir. That will, indeed, be a weight off my mind.”

Holmes shook his finger at the inspector.

“It would have been an easier task a week ago,” said he. “But even now my visit may not be entirely fruitless. Watson, if you can spare the time, I should be very glad of your company. If you will call a four-wheeler, Hopkins, we shall be ready to start for Forest Row in a quarter of an hour.”

Alighting at the small wayside station, we drove for some miles through the remains of widespread woods, which were once part of that great forest which for so long held the Saxon invaders at bay—the impenetrable “weald,” for sixty years the bulwark of Britain. Vast sections of it have been cleared, for this is the seat of the first iron-works of the country, and the trees have been felled to smelt the ore. Now the richer fields of the North have absorbed the trade, and nothing save these ravaged groves and great scars in the earth show the work of the past. Here, in a clearing upon the green slope of a hill, stood a long, low, stone house, approached by a curving drive running through the fields. Nearer the road, and surrounded on three sides by bushes, was a small outhouse, one window and the door facing in our direction. It was the scene of the murder.

Stanley Hopkins led us first to the house, where he introduced us to a haggard, grey-haired woman, the widow of the murdered man, whose gaunt and deep-lined face, with the furtive look of terror in the depths of her red-rimmed eyes, told of the years of hardship and ill-usage which she had endured. With her was her daughter, a pale, fair-haired girl, whose eyes blazed defiantly at us as she told us that she was glad that her father was dead, and that she blessed the hand which had struck him down. It was a terrible household that Black Peter Carey had made for himself, and it was with a sense of relief that we found ourselves in the sunlight again and making our way along a path which had been worn across the fields by the feet of the dead man.

The outhouse was the simplest of dwellings, wooden-walled, shingle-roofed, one window beside the door and one on the farther side. Stanley Hopkins drew the key from his pocket and had stooped to the lock, when he paused with a look of attention and surprise upon his face.

“Someone has been tampering with it,” he said.

There could be no doubt of the fact. The woodwork was cut, and the scratches showed white through the paint, as if they had been that instant done. Holmes had been examining the window.

“Someone has tried to force this also. Whoever it was has failed to make his way in. He must have been a very poor burglar.”

“This is a most extraordinary thing,” said the inspector, “I could swear that these marks were not here yesterday evening.”

“Some curious person from the village, perhaps,” I suggested.

“Very unlikely. Few of them would dare to set foot in the grounds, far less try to force their way into the cabin. What do you think of it, Mr. Holmes?”

“I think that fortune is very kind to us.”

“You mean that the person will come again?”

“It is very probable. He came expecting to find the door open. He tried to get in with the blade of a very small penknife. He could not manage it.

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