of the London and Scottish Bank on the morning of the 23rd. They reappear in New York half an hour after the Olympia gets in, and according to one man, whom nobody listens to, actually before she gets in. Supposing then, that they have never been on the Olympia at all? Is there any other way they could get to New York? Yes. The Gigantic leaves Southampton on the same day as the Olympia, and she holds the record for the Atlantic. Mailed by the Gigantic, the bonds would be in New York the day before the Olympia arrived. All is clear, the case begins to explain itself. The sealed packet is only a dummy, and the moment of its substitution must be in the office in the Bank. It would be an easy matter for any of the three men present to have prepared a duplicate package which could be substituted for the genuine one. Très bien, the bonds are mailed to a confederate in New York, with instructions to sell as soon as the Olympia is in, but some one must travel on the Olympia to engineer the supposed moment of the robbery."
"But why?"
"Because if Ridgeway merely opens the packet and finds it a dummy, suspicion flies at once to
