stole into the Trelawney house and murdered his enemy. He felt that suspicion would fall on Ledbetter here, as well as himself, but when the authorities moved against young Charles, his plans went awry. Therefore, he left the anonymous message at your door, Bennett, where he knew you would find it, and then came out here with the murder weapon. He was in the process of concealing the weapon in Ledbetter's barn where it could be found without too much difficulty. However, being surprised in the act, he sprang upon Ledbetter with intent to kill.'

Holmes turned his attention to the farmer. 'The fact that you have made a clean breast of the matter will carry considerable weight in court, my good man. While you do have the death of another human being to weigh on your conscience, the fact remains that Vincent Staley could have faced the same fate from the law, though by different means.'

Chapter 4

The Matter of the Missing Gold

ON OUR RETURN trip from bucolic Shaw, Holmes was in excellent spirits, standard at the satisfactory conclusion of a minor case, and especially true if the solution was a rapid one. When a matter dragged on, my friend felt it a slur on his reputation and indulged in self-castigation for not having solved the puzzle sooner. As I have noted on more than one occasion, the life of a perfectionist is seldom tranquil. The matter of Ezariah Trelawney and the blood feud that had festered for so long in Herefordshire was patterned to his liking. A clear set of facts, an appearance on the scene followed by a rapid and satisfactory solution.

I was not prompted to share Holmes' carefree attitude, since the Trelawney affair ranked in my mind as the third in a row in which financial remuneration had not played a part. Not that our life or the machine that my friend had painstakingly constructed would be sore pressed. Holmes could secure an assignment—and at a dazzling fee— in a trice, but such was not his way. He relished the complete freedom to pick and choose among the problems that invariably beat a path to his door. Still, his expenses were enormous. In addition to our quarters, presided over by the ever-patient Mrs. Hudson, there were at least four other domiciles he maintained around London, as a convenience in assuming various identities he had established. Five, if the house next door was included, since he owned it—and a most rewarding investment it had proven in one instance in particular. Then there was the staff at 221 B Baker Street as well as various specialists, mainly from the shadowland of the lawless, that he kept on retainers. If that were not enough, my intimate friend was known as an easy mark for some wayward soul attempting to rejoin the honest segment of society. Though his generosity in this respect was sharp-toothed. Woe be it to the former transgressor if he chose to revert to his previous way of life, for the specter of Holmes would be upon him like a mastiff on a hare.

It crossed my mind that I might curtail my wagers on equines that I fancied and make some moves toward reactivating my dwindling medical practice. The patients that still clung to me were a loyal group, but their ranks had been depleted. It occurred to me that I could well appeal to a more youthful group. Though my friend was most frequently pictured in the deerstalker and Inverness that he wore on our Shaw excursion, he was really a bit of a dandy. With his thin, whipcord frame enhanced by a tail coat and topper, we could have made something of a dashing pair had I possessed the strength of character to minimize my consumption of Mrs. Hudson's excellent fare or withstand the blandishments of the menus at Simpsons or the Cafe Royale. Along with thoughts of a stringent diet, I was entertaining the distasteful idea of abandoning my occasional billiard playing at Thurston's when we arrived at our chambers and I learned that my thoughts regarding frugality were not necessary after all.

Holmes had dispatched a cable from Shaw alerting Mrs. Hudson to our time of arrival, as was his custom. This thoughtfulness proved of value. As we alighted from our hansom, Billy was, again, awaiting our arrival. Taking our valises, the page boy informed us that a visitor was, even now, in our chambers. Billy had developed an instinct for such things and brushed off our topcoats before we ascended the seventeen steps to our first-floor sitting room.

It was Claymore Frisbee who sat in the client's chair when Billy ushered us into our chambers. The president of Inter-Ocean Trust had had dealings with the great sleuth before and good reason to consult with him when troubled.

After cordial greetings and a minimum of small talk, Frisbee accepted my offer of liquid refreshment and got to the matter at hand. 'It is this gold bullion robbery, Holmes.'

My friend's good-natured expression was promptly erased. Before he could comment, Frisbee beat him to the punch, no mean feat.

'I know of your meeting with Chasseur, but hear me out. You have to, you know,' added the banker with a smile.

Curiosity struggled with the hauteur in Holmes' manner. 'How so?'

'Have I not heard you say that to prejudge is the mark of a fool?'

Suddenly the sleuth chortled, something he did more often than people thought. 'You have me there. Hoist on mine own petard. Let's hear your tale.'

Holmes stirred up the fire in the grate with the poker and then seated himself in the cane-backed chair, his long, sensitive fingers steepled together and his manner that of cordial attention.

'A special train of the Birmingham and Northern was routed to Great Yarmouth with a load of gold bullion to be shipped to France,' stated the banker, accepting a glass from me. Knowing Holmes' habit of devouring the daily journals, he added, 'I'm sure you're aware of the basic facts.'

'Let us benefit by complete coverage,' suggested Holmes, 'including your involvement.'

'I'll get to that,' replied the banker. 'There was half a million pounds on the B & N flyer and the line took elaborate precautions, but the robbery caught them by surprise.'

Frisbee must have sensed a thought in Holmes' mind, for he paused in his narration and the sleuth did fill the void. 'I can't see why. Of all the articles of value used as a means of exchange, gold is the most anonymous. It lacks the serial numbers of currency and is devoid of geographical characteristics.' My eyebrows must have elevated and the sleuth elaborated. 'Gold mined in Australia or Russia is not a smidgen different from that found in Canada, the United States, or Africa. Nor does it matter how it is secured. Mined gold, panned gold, hydraulic gold, flotation gold; it is all the same. What surprises me is that more attempts are not made to steal it.'

'Well, it is a mite heavy,' said Frisbee, 'and not available in large quantities outside of bank vaults.'

'It was in this case,' I said, taking my drink to the settee.

'An unusual situation,' conceded the banker. 'The precious metal was to be shipped to the Credit Lyonnais in France. They have an issue of gold-bearing bonds coming due, and ever since their unfortunate investment in that Netherlands-Sumatra swindle, there has been talk about their solidarity. The financial firm anticipated a considerable run on the bonds at due date with demands for payment in gold, so they strengthened their reserves by arranging a loan from a syndicate of our west coast banks that were well supplied. The metal was shipped to London from the banks involved and then placed upon the B & N special train. The B & N now employs one Richard Ledger for matters of this sort.'

'I don't know his record,' interjected Holmes.

'Former army. Service in India. He sold his commission and was taken on by the Kimberly interests as a security man. Comes well recommended. Ledger planned the shipment rather like a military campaign. He arranged for the flyer to make the run from London to Great Yarmouth nonstop. He had a solo locomotive out ahead of the train to prevent tampering with the tracks.'

'With a means of communication should the advance engine come upon something, I assume,' said Holmes, his attention definitely caught at this point in the story.

'A signal rocket,' said Frisbee. 'The treasure train consisted of an engine and two boxcars, with the gold in the second one, though that was a carefully guarded secret. On the roof of the first boxcar, Ledger had constructed a miniature block house with steel plating on the outside and slotted windows. Not a large affair, since he had to figure bridge clearances, but serviceable. In it he had four marksmen whom he trained himself. Ledger has a considerable reputation as a dead shot.'

'So we were told,' I commented, and then wondered why I had spoken at all.

The banker continued: 'The marksmen had an uninterrupted view of the sides and rear of the train, and Ledger stated that it was impossible for anyone to board the flyer once she was under way.'

'A miscalculation, it would seem,' said Holmes in a thoughtful manner. 'These riflemen could not see the rear of the train from their fortified position, I would judge.'

'No,' replied Frisbee, 'but the flyer never traveled at less than thirty miles per hour once clear of the B &

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