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him again. Both the yacht and he vanished utterly. We believed, my mother and I, that he and it, with the securities that he had taken with him, were at the bottom of the sea. We had a faithful friend, however, who is a business man, and it was he who discovered some time ago that some of the securities which my father had with him had reappeared on the London market. You can imagine our amazement. I spent months in trying to trace them, and at last, after many doubtings and difficulties, I discovered that the original seller had been Captain Peter Carey, the owner of this hut.

“Naturally, I made some inquiries about the man. I found that he had been in command of a whaler which was due to return from the Arctic seas at the very time when my father was crossing to Norway. The autumn of that year was a stormy one, and there was a long succession of southerly gales. My father’s yacht may well have been blown to the north, and there met by Captain Peter Carey’s ship. If that were so, what had become of my father? In any case, if I could prove from Peter Carey’s evidence how these securities came on the market it would be a proof that my father had not sold them, and that he had no view to personal profit when he took them.

“I came down to Sussex with the intention of seeing the captain, but it was at this moment that his terrible death occurred. I read at the inquest a description of his cabin, in which it stated that the old logbooks of his vessel were preserved in it. It struck me that if I could see what occurred in the month of August, 1883, on board the Sea Unicorn, I might settle the mystery of my father’s fate. I tried last night to get at these logbooks, but was unable to open the door. To-night I tried again and succeeded, but I find that the pages which deal with that month have been torn from the book. It was at that moment I found myself a prisoner in your hands.”

“Is that all?” asked Hopkins.

“Yes, that is all.” His eyes shifted as he said it.

“You have nothing else to tell us?”

He hesitated.

“No, there is nothing.”

“You have not been here before last night?”

“No.

“Then how do you account for that?” cried Hopkins, as he held up the damning notebook, with the initials of our prisoner on the first leaf and the blood-stain on the cover.

The wretched man collapsed. He sank his face in his hands, and trembled all over.

“Where did you get it?” he groaned. “I did not know. I thought I had lost it at the hotel.”

“That is enough,” said Hopkins, sternly. “Whatever else you have to say, you must say in court. You will walk down with me now to the police-station. Well, Mr. Holmes, I am very much obliged to you and to your friend for coming down to help me. As it turns out your presence was unnecessary, and I would have brought the case to this successful issue without you, but, none the less, I am grateful. Rooms have been reserved for you at the Brambletye Hotel, so we can all walk down to the village together.”

“Well, Watson, what do you think of it?” asked Holmes, as we travelled back next morning.

“I can see that you are not satisfied.”

“Oh, yes, my dear Watson, I am perfectly satisfied. At the same time, Stanley Hopkins’s methods do not commend themselves to me. I am disappointed in Stanley Hopkins. I had hoped for better things from him. One should always look for a possible alternative, and provide against it. It is the first rule of criminal investigation.”

“What, then, is the alternative?”

“The line of investigation which I have myself been pursuing. It may give us nothing. I cannot tell. But at least I shall follow it to the end.”

Several letters were waiting for Holmes at Baker Street. He snatched one of them up, opened it, and burst out into a triumphant chuckle of laughter.

“Excellent, Watson! The alternative develops. Have you telegraph forms? Just write a couple of messages for me: ‘Sumner, Shipping Agent, Ratcliff Highway. Send three men on, to arrive ten to-morrow morning.—Basil.’ That’s my name in those parts. The other is: ‘Inspector Stanley Hopkins, 46 Lord Street, Brixton. Come breakfast to-morrow at nine-thirty. Important. Wire if unable to come.—Sherlock Holmes.’ There, Watson, this infernal case has haunted me for ten days. I hereby banish it completely from my presence. To-morrow, I trust that we shall hear the last of it forever.”

Sharp at the hour named Inspector Stanley Hopkins appeared, and we sat down together to the excellent breakfast which Mrs. Hudson had prepared. The young detective was in high spirits at his success.

“You really think that your solution must be correct?” asked Holmes.

“I could not imagine a more complete case.”

“It did not seem to me conclusive.”

“You astonish me, Mr. Holmes. What more could one ask for?”

“Does your explanation cover every point?”

“Undoubtedly. I find that young Neligan arrived at the Brambletye Hotel on the very day of the crime. He came on the pretence of playing golf. His room was on the ground-floor, and he could get out when he liked. That very night he went down to Woodman’s Lee, saw Peter Carey at the hut, quarrelled with him, and killed him with the harpoon. Then, horrified by what he had done, he fled out of the hut, dropping the notebook which he had brought with him in order to question Peter Carey about these different securities. You may have observed that some of them were marked with ticks, and the others—the great majority—were not. Those which are ticked have been traced on the London market, but the others, presumably, were still in the possession of Carey, and young Neligan, according to his own account, was anxious to recover them in order to do the right thing by his father’s creditors. After his flight he did not dare to approach the hut again for some time, but at last he forced himself to do so in order to obtain the information which he needed. Surely that is all simple and obvious?”

Holmes smiled and shook his head.

“It seems to me to have only one drawback, Hopkins, and that is that it is intrinsically impossible. Have you tried to drive a harpoon through a body? No? Tut, tut my dear sir, you must really pay attention to these details. My friend Watson could tell you that I spent a whole morning in that exercise. It is no easy matter, and requires a strong and practised arm. But this blow was delivered with such violence that the head of the weapon sank deep into the wall. Do you imagine that this anæmic youth was capable of so frightful an assault? Is he the man who hobnobbed in rum and water with Black Peter in the dead of the night? Was it his profile that was seen on the blind two nights before? No, no,

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