and your partner have access to the box?”

“No.”

“When did you see the bonds last?”

“They were in the box the Saturday before Dan left. And one of the men on duty in the vault told me that Dan was there the following Monday.”

“All right! Now let me see if I’ve got it all straight. Your partner, Daniel Rathbone, was supposed to leave for New York on the twenty-seventh of last month, Monday, to meet an R. W. DePuy. But Rathbone came into the office that day with his baggage and said that important personal affairs made it necessary for him to postpone his departure, that he had to be in San Francisco the following morning. But he didn’t tell you what that personal business was.

“You and he had some words over the delay, as you thought it important that he keep the New York engagement on time. You weren’t on the best of terms at the time, having quarreled a couple of days before that over a shady deal Rathbone had put over. And so you⁠—”

“Don’t misunderstand me,” Zumwalt interrupted. “Dan had done nothing dishonest. It was simply that he had engineered several transactions that⁠—well, I thought he had sacrificed ethics to profits.”

“I see. Anyhow, starting with your argument over his not leaving for New York that day, you and he wound up by dragging in all of your differences, and practically decided to dissolve partnership as soon as it could be done. The argument was concluded in your house out on Fourteenth Avenue; and, as it was rather late by then and he had checked out of his hotel before he had changed his mind about going to New York, he stayed there with you that night.”

“That’s right,” Zumwalt explained. “I have been living at a hotel since Mrs. Zumwalt has been away, but Dan and I went out to the house because it gave us the utmost privacy for our talk; and when we finished it was so late that we remained there.”

“Then the next morning you and Rathbone came down to the office and⁠—”

“No,” he corrected me. “That is, we didn’t come down here together. I came here while Dan went to transact whatever it was that had held him in town. He came into the office a little after noon, and said he was going East on the evening train. He sent Quimby, the bookkeeper, down to get his reservations and to check his baggage, which he had left in the office here overnight. Then Dan and I went to lunch together, came back to the office for a few minutes⁠—he had some mail to sign⁠—and then he left.”

“I see. After that, you didn’t hear from or of him until about ten days later, when DePuy wired to find out why Rathbone hadn’t been to see him?”

“That’s right! As soon as I got DePuy’s wire I sent one to Dan’s brother in Chicago, thinking perhaps Dan had stopped over with him, but Tom wired back that he hadn’t seen his brother. Since then I’ve had two more wires from DePuy. I was sore with Dan for keeping DePuy waiting, but still I didn’t worry a lot.

“Dan isn’t a very reliable person, and if he suddenly took a notion to stop off somewhere between here and New York for a few days he’d do it. But yesterday, when I found that the bonds were gone from the safe deposit box and learned that Dan had been to the box the day before he left, I decided that I’d have to do something. But I don’t want the police brought into it if it can be avoided.

“I feel sure that if I can find Dan and talk to him we can straighten the mess out somehow without scandal. We had our differences, but Dan’s too decent a man, and I like him too well, for all his occasional wildness, to want to see him in jail. So I want him found with as much speed and as little noise as possible.”

“Has he got a car?”

“Not now. He had one but he sold it five or six months ago.”

“Where’d he bank? I mean his personal account?”

“At the Golden Gate Trust Company.”

“Got any photos of him?”

“Yes.”

He brought out two from a desk drawer⁠—one full-face, and the other a three-quarter view. They showed a man in the middle of his life, with shrewd eyes set close together in a hatchet face, under dark, thin hair. But the face was rather pleasant for all its craftiness.

“How about his relatives, friends, and so on⁠—particularly his feminine friends?”

“His only relative is the brother in Chicago. As to his friends: he probably has as many as any man in San Francisco. He was a wonderful mixer.

“Recently he has been on very good terms with a Mrs. Earnshaw, the wife of a real estate agent. She lives on Pacific Street, I think. I don’t know just how intimate they were, but he used to call her up on the phone frequently, and she called him here nearly every day. Then there is a girl named Eva Duthie, a cabaret entertainer, who lives in the 1100 block of Bush Street. There were probably others, too, but I know of only those two.”

“Have you looked through his stuff, here?”

“Yes, but perhaps you’d like to look for yourself.”

He led me into Rathbone’s private office: a small box of a room, just large enough for a desk, a filing cabinet, and two chairs, with doors leading into the corridor, the outer office, and Zumwalt’s.

“While I’m looking around you might get me a list of the serial numbers of the missing bonds,” I said. “They probably won’t help us right away, but we can get the Treasury Department to let us know when the coupons come in, and from where.”

I didn’t expect to find anything in Rathbone’s office and I didn’t.

Before I left I questioned the stenographer and the bookkeeper. They already knew that Rathbone was missing, but they didn’t know

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