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and vice versa. It's one of the easiest jobs in the Raffles business, especially at this season of the year, when travel is heavy and porters are overworked."

"I'll see the trunk in the Hudson River, pearl rope and all, before I'll claim it at Jersey City or anywhere else," said I.

"Perfectly right," Holmes returned. "We'll hand the check to the expressman when he comes through the train, and neither of us need appear further in the matter. It will merely be delivered at your apartment."

"Why not yours?" said I.

"Raffles!" said he, laconically, and I understood.

"And then what?" I asked.

"Let it alone, unopened, safe as a church, until Mrs. Wilbraham Ward-Smythe discovers her loss, which will be to-morrow afternoon, and thenβ€”"

"Well?"

"Mr. Holmes will step in, unravel the mystery, prove it to be a mere innocent mistake, collect about ten or fifteen thousand dollars reward, divvy up with you, and the decks will be cleared for what turns up next," said this wonderful player of dangerous games. "And, as a beginning, Jenkins, please sign this," he added.

Holmes handed me a typewritten-letter which read as follows.

"THE RICHMORE, June 30, 1905. "Raffles Holmes, Esq.. "DEAR SIR,β€”I enclose herewith my check for $1000 as a retainer for your services in locating for me a missing trunk, which contains articles which I value at $10,000. This trunk was checked through to New York from Atlantic City on Monday last, 9.40 train, and has not since been found. Whether or not it has been stolen, or has gone astray in some wholly innocent manner, is not as yet clear. I know of no one better equipped for the task of finding it for me than yourself, who, I am given to understand, are the son of the famous Sherlock Holmes of England. The check represents the ten per cent. commission on the value of the lost articles, which I believe is the customary fee for services such as I seek. Very truly yours."

"What are you going to do with this?" I demanded.

"Send it as an enclosure to Mrs. Wilbraham Ward-Smythe, showing my credentials as your agent, in asking her if by any mischance your trunk has got mixed in with her luggage," observed Holmes. "For form's sake, I shall send it to twenty or thirty other people known to have left Atlantic City the same day. Moreover, it will suggest the idea to Mrs. Wilbraham Ward-Smythe that I am a good man to locate her trunk also, and the delicate intimation of my terms willβ€”"

"Aha! I see," said I. "And my thousand-dollar check to you?"

"I shall, of course, keep," observed Holmes. "You want the whole business to be bona fide, don't you? It would be unscrupulous for you to ask for its return."

I didn't exactly like the idea, but, after all, there was much in what Holmes said, and the actual risk of my own capital relieved my conscience of the suspicion that by signing the letter I should become a partner in a confidence game. Hence I signed the note, mailed it to Raffles Holmes, enclosing my check for $1000 with it.

Three days later Holmes entered my room with a broad grin on his face.

"How's this for business?" said he, handing me a letter he had received that morning from Chicago.

"DEAR SIR,β€”I am perfectly delighted to receive your letter of July 1. I think I have Mr. Jenkins's missing trunk. What pleases me most, however, is the possibility of your recovering mine, which also went astray at the same time. It contained articles of even greater value than Mr. Jenkins'sβ€”my pearl rope, among other things, which is appraised at $130,000. Do you think there is any chance of your recovering it for me? I enclose my check for $5000 as a retainer. The balance of your ten per cent. fee I shall gladly pay on receipt of my missing luggage. "Most sincerely yours, "MAUDE WARD-SMYTHE."

"I rather think, my dear Jenkins," observed Raffles Holmes, "that we have that $13,000 reward cinched."

"There's $7000 for you, Jenkins," said Holmes, a week later, handing me his check for that amount. "Easy money that. It only took two weeks to turn the trick, and $14,000 for fourteen days' work is pretty fair pay. If we could count on that for a steady income I think I'd be able to hold Raffles down without your assistance."

"You got fourteen thousand, eh?" said I. "I thought it was only to be $13,000."

"It was fourteen thousand counting in your $1000," said Raffles Holmes. "You see, I'm playing on the square, old man. Half and half in everything."

I squeezed his hand affectionately.

"Butβ€”he-ew!" I ejaculated, with a great feeling of relief. "I'm glad the thing's over with.

"So am I," said Holmes, with a glitter in his eye. "If we'd kept that trunk in this apartment another day there'd have been trouble. I had a piece of lead-pipe up my sleeve when I called here Tuesday night."

"What for?" I asked.

"You!" said Raffles Holmes. "If you hadn't had that poker-party with you I'd have knocked you out and gone to China with the Ward-Smythe jewels. Sherlock Holmes stock was 'way below par Tuesday night."

VI THE ADVENTURE OF THE HIRED BURGLAR

I had not seen Raffles Holmes for some weeks, nor had I heard from him, although I had faithfully remitted to his address his share of the literary proceeds of his adventures as promptly as circumstances permittedβ€”$600 on the first tale, $920 on the second, and no less than $1800 on the third, showing a constantly growing profit on our combination from my side of the venture. These checks had not even been presented for payment at the bank. Fearing from this that he might be ill, I called at Holmes's lodgings in the Rexmere, a well-established bachelor apartment hotel, on Forty-fourth Street, to inquire as to the state of his health. The clerk behind the desk greeted my cordially as I entered, and bade me go at once to Holmes's apartment on the eighteenth floor, which I immediately proceeded to do.

"Here is Mr. Holmes's latch-key, sir," said the clerk. "He told me you were to have access to his apartment at any time."

"He is in, is he?" I asked.

"I really don't know, sir. I will call up and inquire, if you wish," replied the clerk.

"Oh, never mind," said I. "I'll go up, anyhow, and if he is out, I'll wait."

So up I went, and a few moments later had entered the apartment. As the door opened, the little private hallway leading to his den at the rear burst into a flood of light, and from an inner room, the entrance to which was closed, I could hear Holmes's voice cheerily carolling out snatches of such popular airs as "Tammany" and "Ef Yo' Habn't Got No Money Yo' Needn't Bodder Me."

I laughed quietly and at the same time breathed a sigh of relief. It was very evident from the tone of his voice that there was nothing serious the matter with my friend and partner.

"Hullo, Raffles!" I called out, knocking on the door to the inner room.

     "Tam-ma-nee, Tam-ma-nee;
     Swampum, swampum,
     Get their wampum,
     Tam-ma-nee,"

was the sole answer, and in such fortissimo tones that I was not surprised that he did not hear me.

"Oh, I say, Raffles," I hallooed, rapping on the door again, this time with the head of my cane. "It's Jenkins, old man. Came to look you up. Was afraid something had happened to you."

     "'Way down upon the Suwanee River,
     Far, far away,
     Dere's whar my heart am turnin' ever,
     Dere's whar de ole folks stay,"

was the reply.

Again I laughed.

"He's suffering from a bad attack of coonitis this evening," I observed to myself. "Looks to me as if I'd have to let it run its course."

Whereupon I retired to a very comfortable couch near the window and sat down to await the termination of the musical.

Five minutes later the singing having shown no signs of abatement I became impatient, and a third assault on the door followed, this time with cane, hands, and toes in unison.

"I'll have him out this time or die!" I ejaculated, filled with resolve, and then began such a pounding upon the door as should have sufficed to awake a dead Raffles, not to mention a living one.

"Hi, there, Jenkins!" cried a voice behind me, in the midst of this operation, identically the same voice, too, as that still going on in the room in front of me. "What the dickens are you trying to doβ€”batter the house down?"

I whirled about like a flash, and was deeply startled to see Raffles himself standing by the divan I had just vacated, divesting himself of his gloves and light overcoat.

"Youβ€”Raffles?" I roared in astonishment.

"Yep," said he. "Who else?"

"But theβ€”the other chapβ€”in the room there?"

"Oh," laughed Raffles. "That's my alibi-proverβ€”hold on a minute and I'll show you."

Whereupon he unlocked the door into the bedroom, whence had come the tuneful lyrics, threw it wide open, and revealed to my astonished gaze no less an object than a large talking-machine still engaged in the strenuous fulfilment of its noisy mission.

"What the dickens!" I said.

"It's attached to my front-door," said Raffles, silencing the machine. "The minute the door is opened it begins to sing like the four-and-twenty blackbirds baked in a pie."

"But what good is it?" said I.

"Oh, wellβ€”it keeps the servants from spending too much time in my apartment, snooping among my papers, perhaps; and it my some day come in useful in establishing an alibi if things go wrong with me. You'd have sworn I was in there just now, wouldn't you?"

"I would indeed," said I.

"Wellβ€”you see, I wasn't, so there you are," said Raffles Holmes. "By-the-way, you've come at an interesting moment. There'll be things doing before the evening is over. I've had an anxious caller here five times already to-day. I've been standing in the barber-shop opposite getting a line on him. His card name is Grouch, his real name isβ€”"

Here Raffles Holmes leaned forward and whispered in my ear a name of such eminent respectability that I fairly gasped.

"You don't mean the Mr. β€”β€”"

"Nobody else," said Raffles Holmes. "Only he don't know I know who he is. The third time Grouch called I trailed him to Blank's house, and then recognized him as Blank himself."

"And what does he want with you?" I asked.

"That remains to be seen," said Raffles Holmes. "All I know is that next Tuesday he will be required to turn over $100,000 unregistered bonds to a young man about to come of age, for whom he has been a trustee."

"Aha!" said I. "And you thinkβ€”"

"I don't think, Jenkins, until the time comes. Gray matter is scarce these times, and I'm not wasting any of mine on unnecessary speculation," said Raffles Holmes.

At this point the telephone-bell rang and Raffles answered the summons.

"Yes, I'll see Mr. Grouch. Show him up," he said. "It would be mighty interesting reading if some newspaper showed him up," he added, with a grin, as he returned. "By-the-way, Jenkins, I think you'd better go in there and have a half-hour's chat with the talking-machine. I have an idea old man Grouch won't have much to say with a third party present. Listen all you want to, but don't breathe too loud or you'll frighten him away."

I immediately retired, and a moment later Mr. Grouch entered Raffles
Holmes's den.

"Glad to see you," said Raffles Holmes, cordially. "I was wondering how soon you'd be here."

"You expected me, then?" asked the visitor, in surprise.

"Yes," said Holmes. "Next Tuesday is young Wilbraham's twenty-first birthday, andβ€”"

Peering through a crack in the door I could see Grouch stagger.

"Youβ€”you know my errand, then?" he gasped out.

"Only roughly, Mr. Grouch," said Holmes, coolly. "Only roughly. But I am very much afraid that I can't do what you want me to. Those bonds are doubtless in some broker's box in a safe-deposit company, and I don't propose to try to borrow them surreptitiously, even temporarily, from an incorporated institution. It is not only a dangerous but a criminal operation. Does your employer know that you have taken them?"

"My employer?" stammered Grouch, taken off his guard.

"Yes. Aren't you the confidential secretary of Mr. β€”β€”?" Here Holmes mentioned the name of the eminent financier and philanthropist. No one would have suspected, from the tone of his voice, that Holmes was perfectly

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