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your client that these letters should be placed in the hands of the Earl, then you would indeed be foolish to pay so large a sum of money to regain them.” He rose and seized his astrakhan coat.

Holmes was gray with anger and mortification.

“Wait a little,” he said. “You go too fast. We should certainly make every effort to avoid scandal in so delicate a matter.”

Milverton relapsed into his chair.

“I was sure that you would see it in that light,” he purred.

“At the same time,” Holmes continued, “Lady Eva is not a wealthy woman. I assure you that two thousand pounds would be a drain upon her resources, and that the sum you name is utterly beyond her power. I beg, therefore, that you will moderate your demands, and that you will return the letters at the price I indicate, which is, I assure you, the highest that you can get.”

Milverton’s smile broadened and his eyes twinkled humorously.

“I am aware that what you say is true about the lady’s resources,” said he. “At the same time you must admit that the occasion of a lady’s marriage is a very suitable time for her friends and relatives to make some little effort upon her behalf. They may hesitate as to an acceptable wedding present. Let me assure them that this little bundle of letters would give more joy than all the candelabra and butter-dishes in London.”

“It is impossible,” said Holmes.

“Dear me, dear me, how unfortunate!” cried Milverton, taking out a bulky pocketbook. “I cannot help thinking that ladies are ill-advised in not making an effort. Look at this!” He held up a little note with a coat-of-arms upon the envelope. “That belongs to—well, perhaps it is hardly fair to tell the name until tomorrow morning. But at that time it will be in the hands of the lady’s husband. And all because she will not find a beggarly sum which she could get by turning her diamonds into paste. It IS such a pity! Now, you remember the sudden end of the engagement between the Honourable Miss Miles and Colonel Dorking? Only two days before the wedding, there was a paragraph in the MORNING POST to say that it was all off. And why? It is almost incredible, but the absurd sum of twelve hundred pounds would have settled the whole question. Is it not pitiful? And here I find you, a man of sense, boggling about terms, when your client’s future and honour are at stake. You surprise me, Mr. Holmes.”

“What I say is true,” Holmes answered. “The money cannot be found. Surely it is better for you to take the substantial sum which I offer than to ruin this woman’s career, which can profit you in no way?”

“There you make a mistake, Mr. Holmes. An exposure would profit me indirectly to a considerable extent. I have eight or ten similar cases maturing. If it was circulated among them that I had made a severe example of the Lady Eva, I should find all of them much more open to reason. You see my point?”

Holmes sprang from his chair.

“Get behind him, Watson! Don’t let him out! Now, sir, let us see the contents of that notebook.”

Milverton had glided as quick as a rat to the side of the room and stood with his back against the wall.

“Mr. Holmes, Mr. Holmes,” he said, turning the front of his coat and exhibiting the butt of a large revolver, which projected from the inside pocket. “I have been expecting you to do something original. This has been done so often, and what good has ever come from it? I assure you that I am armed to the teeth, and I am perfectly prepared to use my weapons, knowing that the law will support me. Besides, your supposition that I would bring the letters here in a notebook is entirely mistaken. I would do nothing so foolish. And now, gentlemen, I have one or two little interviews this evening, and it is a long drive to Hampstead.” He stepped forward, took up his coat, laid his hand on his revolver, and turned to the door. I picked up a chair, but Holmes shook his head, and I laid it down again. With bow, a smile, and a twinkle, Milverton was out of the room, and a few moments after we heard the slam of the carriage door and the rattle of the wheels as he drove away.

Holmes sat motionless by the fire, his hands buried deep in his trouser pockets, his chin sunk upon his breast, his eyes fixed upon the glowing embers. For half an hour he was silent and still. Then, with the gesture of a man who has taken his decision, he sprang to his feet and passed into his bedroom. A little later a rakish young workman, with a goatee beard and a swagger, lit his clay pipe at the lamp before descending into the street. “I’ll be back some time, Watson,” said he, and vanished into the night. I understood that he had opened his campaign against Charles Augustus Milverton, but I little dreamed the strange shape which that campaign was destined to take.

For some days Holmes came and went at all hours in this attire, but beyond a remark that his time was spent at Hampstead, and that it was not wasted, I knew nothing of what he was doing. At last, however, on a wild, tempestuous evening, when the wind screamed and rattled against the windows, he returned from his last expedition, and having removed his disguise he sat before the fire and laughed heartily in his silent inward fashion.

“You would not call me a marrying man, Watson?”

“No, indeed!”

“You’ll be interested to hear that I’m engaged.”

“My dear fellow! I congrat–-”

“To Milverton’s housemaid.”

“Good heavens, Holmes!”

“I wanted information, Watson.”

“Surely you have gone too far?”

“It was a most necessary step. I am a plumber with a rising business, Escott, by name. I have walked out with her each evening, and I have talked with her. Good heavens, those talks! However, I have got all I wanted. I know Milverton’s house as I know the palm of my hand.”

“But the girl, Holmes?”

He shrugged his shoulders.

“You can’t help it, my dear Watson. You must play your cards as best you can when such a stake is on the table. However, I rejoice to say that I have a hated rival, who will certainly cut me out the instant that my back is turned. What a splendid night it is!”

“You like this weather?”

“It suits my purpose. Watson, I mean to burgle Milverton’s house to-night.”

I had a catching of the breath, and my skin went cold at the words, which were slowly uttered in a tone of concentrated resolution. As a flash of lightning in the night shows up in an instant every detail of a wild landscape, so at one glance I seemed to see every possible result of such an action—the detection, the capture, the honoured career ending in irreparable failure and disgrace, my friend himself lying at the mercy of the odious Milverton.

“For heaven’s sake, Holmes, think what you are doing,” I cried.

“My dear fellow, I have given it every consideration. I am never precipitate in my actions, nor would I adopt so energetic and, indeed, so dangerous a course, if any other were possible. Let us look at the matter clearly and fairly. I suppose that you will admit that the action is morally justifiable, though technically criminal. To burgle his house is no more than to forcibly take his pocketbook—an action in which you were prepared to aid me.”

I turned it over in my mind.

“Yes,” I said, “it is morally justifiable so long as our object is to take no articles save those which are used for an illegal purpose.”

Exactly. Since it is morally justifiable, I have only to consider the question of personal risk. Surely a gentleman should not lay much stress upon this, when a lady is in most desperate need of his help?”

“You will be in such a false position.”

“Well, that is part of the risk. There is no other possible way of regaining these letters. The unfortunate lady has not the money, and there are none of her people in whom she could confide. Tomorrow is the last day of grace, and unless we can get the letters to-night, this villain will be as good as his word and will bring about her ruin. I must, therefore, abandon my client to her fate or I must play this last card. Between ourselves, Watson, it’s a sporting duel between this fellow Milverton and me. He had, as you saw, the best of the first exchanges, but my self-respect and my reputation are concerned to fight it to a finish.”

“Well, I don’t like it, but I suppose it must be,” said I. “When do we start?”

“You are not coming.”

“Then you are not going,” said I. “I give you my word of honour— and I never broke it in my life—that I will take a cab straight to the police-station and give you away, unless you let me share this adventure with you.”

“You can’t help me.”

“How do you know that? You can’t tell what may happen. Anyway, my resolution is taken. Other people besides you have self-respect, and even reputations.”

Holmes had looked annoyed, but his brow cleared, and he clapped me on the shoulder.

“Well, well, my dear fellow, be it so. We have shared this same room for some years, and it would be amusing if we ended by sharing the same cell. You know, Watson, I don’t mind confessing to you that I have always had an idea that I would have made a highly efficient criminal. This is the chance of my lifetime in that direction. See here!” He took a neat little leather case out of a drawer, and opening it he exhibited a number of shining instruments. “This is a first-class, up-to-date burgling kit, with nickel-plated jemmy, diamond-tipped glass-cutter, adaptable keys, and every modern improvement which the march of civilization demands. Here, too, is my dark lantern. Everything is in order. Have you a pair of silent shoes?”

“I have rubber-soled tennis shoes.”

“Excellent! And a mask?”

“I can make a couple out of black silk.”

“I can see that you have a strong, natural turn for this sort of thing. Very good, do you make the masks. We shall have some cold supper before we start. It is now nine-thirty. At eleven we shall drive as far as Church Row. It is a quarter of an hour’s walk from there to Appledore Towers. We shall be at work before midnight. Milverton is a heavy sleeper, and retires punctually at ten-thirty. With any luck we should be back here by two, with the Lady Eva’s letters in my pocket.”

Holmes and I put on our dress-clothes, so that we might appear to be two theatre-goers homeward bound. In Oxford Street we picked up a hansom and drove to an address in Hampstead. Here we paid off our cab, and with our great coats buttoned up, for it was bitterly cold, and the wind seemed to blow through us, we walked along the edge of the heath.

“It’s a business that needs delicate treatment,” said Holmes. “These documents are contained in a safe in the fellow’s study, and the study is the ante-room of his bed-chamber. On the other hand, like all these stout, little men who do themselves well, he is a plethoric sleeper. Agatha—that’s my fiancee—says it is a joke in the servants’ hall that it’s impossible to wake the master. He has a secretary who is devoted to his interests, and never budges from the study

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