Blagden returned as he had come, quickly remounting the stairs of the lodging house, ascending the ladder and crossing the roofs, and at length, with a feeling of relief, clambered down into his own dwelling, and re-entered his apartment, to find Mills and Atherton seated at the table, busily examining the documents which Bellingham had left behind him.
"Now then," said Blagden brusquely, "leave those papers alone a minute; there's time enough for them later. But here's the question to settle first. We've been listening to the damndest yarn I ever heard in my life. And what I want to know is this. Do you fellows believe it, or don't you?"
"I don't," Mills answered readily. "Not for a minute. Bellingham appeared to be a very decent chap, but I don't consider him sane. I think he's gone crazy over this thing. It's too tough a story to swallow."
Blagden smiled. "Tubby," he rejoined, "you were born a doubter. You may suffer from other faults, but your imagination will never be your ruin; I'm sure of that. What do you say, Atherton? Do you believe it?"
"Yes, I do," Atherton promptly rejoined. "You see, Tubby," he added, turning to Mills, "I've had the advantage of knowing Bellingham before he knew he was being watched, and he was as sane a man then as you would wish to see. Of course he's a nervous wreck now, but who wouldn't be? He must feel like a hare with the hounds after him. I hope he gets away all right."
"Oh, nonsense!" cried Mills unbelievingly, "he'll get away. I don't believe he's being followed at all."
"Well, I do," Atherton retorted. "You can bet that fellow who was after him was no ordinary detective, and if he had the enterprise to be climbing pine trees at two o'clock in the morning, to get the goods on Bellingham, I don't believe he's going to let him escape if he can help it. What's your opinion?" he asked of Blagden, who stood by the mantel piece, smoking furiously, his brow contracted as he pondered over the amazing story to which they had just been listening.
Blagden laid aside his pipe and began pacing up and down the room. "Frankly, Atherton," he confessed, "I'm puzzled. I'm half inclined to believe the whole thing is true; it would explain practically everything about the market which has perplexed us for so long. And yet it's such a romantic, impossible sort of a tale that I can't convince myself it's so; at least, not without further proof. But I'm sure of one thing; we ought to investigate with all the care in the world; it may be the opportunity of a lifetime. Can you make anything out of his figures?" And he motioned toward the papers on the table.
"Not a great deal," Atherton answered. "I should say he was still in the experimental stage; he's guessing at different theories, and then seeing how they fit the facts. But of course, unless you've got the whole code at your fingers' ends, you couldn't expect to follow the ups and downs of the tape intelligently. He has made a beginning; it remains for us to try to complete it."
"And what was the other paper he spoke of?" asked Blagden. "What did he call it? 'The holy of holies'?"
Atherton started to draw it from his pocket; then, with an apologetic half laugh, thrust it back again, walked to the door, and cautiously reconnoitered. But no one was in sight, and accordingly he rejoined his friends, again pulling the envelope from its resting place, while Mills and Blagden peered eagerly over his shoulder. The first envelope contained a second one; the second a third. "April fool," muttered Mills. "I told you he was crazy," but was suddenly silent as Atherton drew from the third envelope the paper, faded and yellow with age, which Bellingham had found in the vault, and with it a typewritten copy, explaining its contents as far as the secretary had been able to decipher them. No faintest sound disturbed the stillness of the room as they read, and as they finished, they remained motionless, staring at each other, with all trace of levity or disbelief gone suddenly from their faces. Then Mills, like a man awakening from a trance, slowly passed his hand across his forehead. "He couldn't have faked that paper," he murmured. "That's the real thing."
But the others scarcely heard him. "Then it is true," said Atherton at length. "Everything we've heard and guessed at, but never honestly believed. There is a 'Money Trust,' there is a 'System.' Good Lord, it's like a dream!"
"A nightmare," responded Blagden grimly. "No wonder we couldn't win. And now let's take our time, and go over it again. I should say that 'holy of holies' was right; I believe this scrap of paper is just about the most important document in the world."
Side by side, they seated themselves at the table, and word by word began their study of the cryptic talisman. Half way through Atherton called a halt. "So far, so good," he observed. "As Bellingham told us, it's the very height of simplicity. They feed the public with good news, bait them with bull tips, and then when a sufficient number have loaded up at the top, they break the market and incidentally break the fools who have been caught. Then begins the campaign of bad news--famine, pestilence and sudden death--then arrive the bear tips, and when all the longs have been driven out and a new crop of suckers have gone short at the bottom, then comes the accumulation by the Money Gods and up goes the market for them to sell on to the next crop of idiots who will never buy except at the very top, after stocks have advanced from ten to twenty points. But all that doesn't help us much, unless we can tell what is the bottom and what is the top. What we want to know is about these signals. Signals on the tape. What a wonderful scheme! When Bellingham found this paper, he must have felt as if he had happened upon a ton of dynamite."
"Dynamite," said Blagden, "is a very happy word. If we could prove the authenticity of this paper, we could just about blow this old country sky-high. We could close every stock exchange in America, and drive the Money Gods into exile for their health. Oh, 'dynamite' is too mild a word; this would be a higher explosive than that."
As he finished speaking, Atherton was conscious of a sudden chill of dismay. Rightly or wrongly, he had no desire to see harm befall Helen Hamilton's father, and was correspondingly relieved to hear Mills exclaim, "Yes, but we don't want to do anything like that. The only time to be reformers is when we've made all the money we can use. We want ours, Blagden, so for Heaven's sake don't think of blowing this thing until we've had a chance at it."
Blagden smiled at the stout man's earnestness. "Oh, don't worry," he reassured him. "I was only emphasizing the importance of the paper. You are quite right, Tubby; let the Money Gods live and wax fat. All we want is a few of the crumbs that fall from the master's table."
"Sure thing," Atherton assented with relief, "we're all agreed about that. And now let's examine the rest of the paper. The signals themselves; that's what interests us."
Once more they bent to their task. "On the watch," read Mills, "for these signals. Now what is the sense in that? Of course they would be on the watch for them. They would be fools not to."
But suddenly Blagden gave a cry of amazement, and his companions, gazing at him, saw his face go white, and then flush with crimson. He sprang to his feet. "I've got it," he exclaimed, half incoherent with excitement. "Don't you see? On the watch! It doesn't mean be on the watch; it means the watch itself. It's the missing words that spoil the sense. It isn't a verb; it's a noun. A watch. The watch a man carries in his pocket. That's where the key to the cipher is, and there couldn't be a better place. No one would suspect it, and it's always at hand. That's what the girl told me; don't you remember? Always looking at his watch, when she spied upon him by the tickers. She is right. Her friend is one of these men. Just think of it. No wonder she always won. And see what it means for us. Monte Cristo wasn't in it. We've got a fortune in our grasp."
He paused, his eyes gleaming, his whole face tense with excitement. Then, going over to the sideboard, he poured for himself an even stiffer drink than he had prepared for Bellingham, and hastily gulped it down. "I needed that," he said. "Some excitement to-night. This is probably the wildest day of our bright young lives."
Atherton had remained seated, still intent upon the paper before him. "Steady, Blagden," he objected. "You're jumping at conclusions. This may be all coincidence. But your theory is ingenious. And if you should be right--"
He did not finish his sentence, letting his imagination dwell upon the possibilities of the future.
"If I should be right," echoed Blagden reproachfully. "Why Good Lord, man, of course I'm right. If Tubby had doubted me, I could have forgiven him, but you ought to have the vision to piece the thing together. Oh, God--" he flared forth again, "what a bully old world it is. Checkered, but never dull. Here we were, two days ago, busted like a flat tire, and now the lamp of Aladdin awaits our touch. And all--" he added suddenly, "because we coöperated. I'd forgotten that in the excitement. I guess I'm the original little coöperator, all right. Just think what's coming to us, boys. Steam yachts, motors, women--"
He smacked his lips, but Mills, the practical, now questioned, "Yes, but what about getting the watch of this eminent but erring financier? Are you going up to him to ask the time of day, and then will you grab it and run? What's he going to be doing? Naturally he's no spring chicken."
"Oh," Blagden answered with confidence, "that's merely matter of detail. Once we know who the man is, we'll get the watch. Just look at our advantage. We know what he's got, and he doesn't know that we know. That gives us the whip hand, right away. As a matter of fact, I dare say the lady could help us."
Mills brightened. "That's a good idea," he agreed. "Something like the panel game. I believe that would work."
"But there's one thing," suggested Atherton, "that we ought not to neglect. If Bellingham intends to leave the country, never to return, we ought to be sure that we have everything he knows. Let's go over these papers of his now, and make a list of anything we don't understand. We could see him in the morning and have a last word with him before he sails."
"You're right," Blagden cried, "but wait a minute first. There's something else I want to see about."
He disappeared into his bedroom, from whence they presently heard the tinkle of his telephone. Shortly he returned. "Now then," he said briskly, "luck is still with us. I rang up the girl, pretending that I wanted to see her to-morrow evening, and she told me that she was engaged and that I must be sure and not come to her house. That, of course, means only one thing. You, Atherton, meet me at Hillcrest Station to-morrow night at eight, and we'll do a little detective work. And you, Tubby, get up at five thirty to-morrow morning and go over to the Pernambuco with a list of questions that we'll make out now. While everything is going our way, we'll lose no time."
For an hour or more they worked, and finally disbanded, Mills going to his room to set his alarm clock and then, his brain on fire with excitement, to toss restlessly about for the balance of the night, with a hundred wild dreams and visions disturbing his rest. With the first whirr of the alarm he was out of bed, and disposing of a cup of coffee and a roll, he sallied forth to obtain the final information from Bellingham. The good weather of the day before had vanished; the morning was thick and foggy, and as he neared the wharves Mills found himself inclined to shiver, half with the chill of the wind, half from the over-excitement of the preceding night. He found the vessel without trouble, a big, old-fashioned, somewhat dingy craft, and with an inquiry or two made his way readily enough to Bellingham's cabin. His knock, however, brought no answer, and after a moment's hesitation he tried the door, found it unfastened, and walked in. The secretary's bag lay open on the table, its contents tossed about in confusion, and the secretary himself lay in his bunk, sound asleep. "Tired out," thought Mills, and crossing the cabin, he extended his hand to awaken Bellingham, and in doing so inadvertently brushed with his fingers the cheek of the slumbering man. The flesh, to his touch, was cold as marble, and on the instant sudden dread gripped him by the throat as he nerved himself for the ordeal and slowly withdrew the bedclothes from Bellingham's face.
There followed a ghastly moment, and he found himself staggering back across the cabin, faint and sick with horror, and with blotches of crimson flashing and wheeling before his eyes. Then, by a mighty effort recovering his control, he made his way, like a man in a dream, on deck, back to the gang-plank, and thus to the shore, thanking Heaven for the pall of fog which still enshrouded land and sea. Like a criminal, he crept back to his lodgings, and like some hunted fugitive, he kept all day to his rooms, a great dread in his heart as he pondered on the craft and power of these unseen foes against whom he and his friends had dared to wage unequal war.
And thus the long day passed, dark and lowering, with occasional spurts of rain. But toward sunset the wind veered to the west, scattering the clouds across the sky, with gleams of sunshine filtering through the rifts, and by the time Atherton and Blagden met at the station, clear stars were shining overhead and a crescent moon gave promise of fair weather to come.
"Did you have any trouble getting away?" asked Blagden, as they tramped up the narrow and deserted road.
"No," Atherton answered, "things have been quiet all day, and to-night Mr. Hamilton was called to the city on business, and fortunately for me he decided to go by train, so there was nothing to detain me. But I don't mind telling you, Blagden," he added, "that I'm not a bit keen about this whole business. Eavesdropping isn't a pleasant task, at best, and if by any chance we should be caught, it would be a humiliating experience."
"No fear," Blagden answered. "There's a hedge around the house thick enough to hide a regiment. We'll creep into it, one each side of the path which leads to the house, and there's an electric light across the street that ought to make it easy enough to get a look at our man. Tracing him afterward may be a more difficult matter, but I don't think so. Naturally, he won't be suspicious, and that is a point in our favor. Here we are, now, right ahead. Just before we reach the drive, you duck into the hedge, and I'll walk by and then do the same on the other side. Between us, we'll get a glance at him, and follow him if we can."
Five minutes later, Atherton was comfortably ensconced in his hiding place, and had settled down to what proved to be a tiresome vigil. Ten o'clock came and went, half past ten, and then, at last, the sound of an opening door, a glimpse of a man and woman in the dimly lighted hall, a farewell embrace, the door closed and a man's figure came leisurely down the path.
Atherton, with beating heart, strained his eyes upon the spot where the man must pass. Now the footsteps came nearer, and nearer still; now the man's figure was plainly visible in the radiance of the light; and all at once Atherton was hardly able to repress a gasp of amazement and consternation. For the face of the man was one that he knew well. It was the face of Marshall Hamilton.