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this affair should come out.โ€

โ€œYou may safely trust us.โ€

โ€œThe letter, then, is from a certain foreign potentate who has been ruffled by some recent Colonial developments of this country. It has been written hurriedly and upon his own responsibility entirely. Inquiries have shown that his Ministers know nothing of the matter. At the same time it is couched in so unfortunate a manner, and certain phrases in it are of so provocative a character, that its publication would undoubtedly lead to a most dangerous state of feeling in this country. There would be such a ferment, sir, that I do not hesitate to say that within a week of the publication of that letter this country would be involved in a great war.โ€

Holmes wrote a name upon a slip of paper and handed it to the Premier.

โ€œExactly. It was he. And it is this letterโ€”this letter which may well mean the expenditure of a thousand millions and the lives of a hundred thousand menโ€”which has become lost in this unaccountable fashion.โ€

โ€œHave you informed the sender?โ€

โ€œYes, sir, a cipher telegram has been despatched.โ€

โ€œPerhaps he desires the publication of the letter.โ€

โ€œNo, sir, we have strong reason to believe that he already understands that he has acted in an indiscreet and hot-headed manner. It would be a greater blow to him and to his country than to us if this letter were to come out.โ€

โ€œIf this is so, whose interest is it that the letter should come out? Why should anyone desire to steal it or to publish it?โ€

โ€œThere, Mr. Holmes, you take me into regions of high international politics. But if you consider the European situation you will have no difficulty in perceiving the motive. The whole of Europe is an armed camp. There is a double league which makes a fair balance of military power. Great Britain holds the scales. If Britain were driven into war with one confederacy, it would assure the supremacy of the other confederacy, whether they joined in the war or not. Do you follow?โ€

โ€œVery clearly. It is then the interest of the enemies of this potentate to secure and publish this letter, so as to make a breach between his country and ours?โ€

โ€œYes, sir.โ€

โ€œAnd to whom would this document be sent if it fell into the hands of an enemy?โ€

โ€œTo any of the great Chancelleries of Europe. It is probably speeding on its way thither at the present instant as fast as steam can take it.โ€

Mr. Trelawney Hope dropped his head on his chest and groaned aloud. The Premier placed his hand kindly upon his shoulder.

โ€œIt is your misfortune, my dear fellow. No one can blame you. There is no precaution which you have neglected. Now, Mr. Holmes, you are in full possession of the facts. What course do you recommend?โ€

Holmes shook his head mournfully.

โ€œYou think, sir, that unless this document is recovered there will be war?โ€

โ€œI think it is very probable.โ€

โ€œThen, sir, prepare for war.โ€

โ€œThat is a hard saying, Mr. Holmes.โ€

โ€œConsider the facts, sir. It is inconceivable that it was taken after eleven-thirty at night, since I understand that Mr. Hope and his wife were both in the room from that hour until the loss was found out. It was taken, then, yesterday evening between seven-thirty and eleven-thirty, probably near the earlier hour, since whoever took it evidently knew that it was there and would naturally secure it as early as possible. Now, sir, if a document of this importance were taken at that hour, where can it be now? No one has any reason to retain it. It has been passed rapidly on to those who need it. What chance have we now to overtake or even to trace it? It is beyond our reach.โ€

The Prime Minister rose from the settee.

โ€œWhat you say is perfectly logical, Mr. Holmes. I feel that the matter is indeed out of our hands.โ€

โ€œLet us presume, for argument's sake, that the document was taken by the maid or by the valetโ€”โ€”โ€

โ€œThey are both old and tried servants.โ€

โ€œI understand you to say that your room is on the second floor, that there is no entrance from without, and that from within no one could go up unobserved. It must, then, be somebody in the house who has taken it. To whom would the thief take it? To one of several international spies and secret agents, whose names are tolerably familiar to me. There are three who may be said to be the heads of their profession. I will begin my research by going round and finding if each of them is at his post. If one is missingโ€”especially if he has disappeared since last nightโ€”we will have some indication as to where the document has gone.โ€

โ€œWhy should he be missing?โ€ asked the European Secretary. โ€œHe would take the letter to an Embassy in London, as likely as not.โ€

โ€œI fancy not. These agents work independently, and their relations with the Embassies are often strained.โ€

The Prime Minister nodded his acquiescence.

โ€œI believe you are right, Mr. Holmes. He would take so valuable a prize to head-quarters with his own hands. I think that your course of action is an excellent one. Meanwhile, Hope, we cannot neglect all our other duties on account of this one misfortune. Should there be any fresh developments during the day we shall communicate with you, and you will no doubt let us know the results of your own inquiries.โ€

The two statesmen bowed and walked gravely from the room.

When our illustrious visitors had departed Holmes lit his pipe in silence, and sat for some time lost in the deepest thought. I had opened the morning paper and was immersed in a sensational crime which had occurred in London the night before, when my friend gave an exclamation, sprang to his feet, and laid his pipe down upon the mantelpiece.

โ€œYes,โ€ said he, โ€œthere is no better way of approaching it. The situation is desperate, but not hopeless. Even now, if we could be sure which of them has taken it, it is just possible that it has not yet passed out of his hands. After all, it is a question of money with these fellows, and I have the British Treasury behind me. If it's on the market I'll buy itโ€”if it means another penny on the income-tax. It is conceivable that the fellow might hold it back to see what bids come from this side before he tries his luck on the other. There are only those three capable of playing so bold a game; there are Oberstein, La Rothiere, and Eduardo Lucas. I will see each of them.โ€

I glanced at my morning paper.

โ€œIs that Eduardo Lucas of Godolphin Street?โ€

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