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Hulton's business acumen and tenacity were known, and it was supposed that the latter quality had helped him much in the earlier part of his career. The other man, who sat close by, was the treasurer, Percival. "To begin with, I want to thank you for the way you gave your evidence," Hulton said to Featherstone, who had been one of the last to see Fred Hulton alive.

The fellow, however, was not in Banff, which is a small place, frequented mostly by tourists and invalids who come there in summer, and Foster took a west-bound train. He was once more at a loss and felt dispirited. For one thing, he had no time to lose, because it would spoil his plans if Hulton's agents got on Daly's track before him.

If he had clever confederates, a large part of the value of the bonds could be borrowed from a bank, or they might be sold to unsuspecting buyers on a French or German bourse." "But this would depend on the publicity you gave their theft." "Exactly," Percival agreed with some dryness. "I have been trying to make Mr. Hulton recognize it." Hulton's tense look softened and he smiled.

"It is a moving tale. The money we sent you was well spent. I could have expected nothing better of my son. But I suppose you found it paid to keep your promise." "In this case, it did," Foster answered with a smile. "Hulton's gave us the first chance of any work they did not care to do themselves; you see, we had put in a few wood-working machines.

The documents prove your partner's offense." "You began by extorting money, but your last object was to suppress the evidence my partner could give about the cause of Fred Hulton's death." "Ah!" said Daly. "I wonder how much you or Featherstone know about that. As there are no listeners, we can be frank." "Very well.

To begin with, the fellow who watched Telford at the hotel was either a policeman or a private detective in Hulton's pay. Then Foster had lost Daly's track at Banff, which was not very far off, and taking it for granted that Telford belonged to the gang, it was logical to suppose that he had arranged a meeting with Daly and Walters.

"I think my story has shown you that we have to deal with a gang of clever criminals. You'll note that Lawrence saw the only man who knows the truth about Fred Hulton's death." Mrs. Stephen made a sign of understanding. Lucy shivered, then her eyes sparkled angrily, but Lawrence looked obstinate. "Jake," he said rather dryly, "you ought to have been a barrister!

With Hulton's help, he and Lawrence could extend their operations and control a very profitable trade. Featherstone had told him he must wait a year, but by this stroke of luck he had made good when only a month had gone. Still, it was characteristic that he finished his day's work before he went to the hotel where the others were staying.

"Hulton's," said Foster, and afterwards thought she tactfully encouraged him to talk about the manufacturing firm, although he did not mention Fred Hulton's death. Her manner, however, was quite correct; he had been of some small help, which warranted her conversing with him to pass the time. That was all, and when their companion got out and she opened a book he went to the smoking-compartment.

Hulton's face showed stern satisfaction and he gave Foster a very grateful look. "I owe you much for this and am not going to forget the service. These papers prove conspiracy and robbery, and clear my boy. But how did you get them?" Foster supplied a garbled account of his interview with Graham, and Hulton looked at him thoughtfully.