"I did the best I could," sighed Vance. He turned to Markham: "Y' know, I was wondering all through lunch yesterday how I could remove the Major from his office during Mr. Stitt's investigation; and when we learned of Leacock's confession, it gave me just the excuse I needed. I really didn't want the Major here,—I simply wished to give Mr. Stitt a free hand."
"What did you find out?" Markham asked the accountant.
"Plenty!" was the laconic reply.
He took a sheet of paper from his pocket, and placed it on the desk.
"There's a brief report. . . . I followed Mr. Vance's suggestion, and took a look at the stock record and the cashier's collateral blotter, and traced the transfer receipts. I ignored the journal entries against the ledger, and concentrated on the activities of the firm heads. Major Benson, I found, has been consistently hypothecating securities transferred to him as collateral for marginal trading, and has been speculating steadily in mercantile curb stocks. He has lost heavily—how much, I can't say."
"And Alvin Benson?" asked Vance.
"He was up to the same tricks. But he played in luck. He made a wad on a Columbus Motors pool a few weeks back; and he has been salting the money away in his safe—or, at least, that's what the secretary told me."
"And if Major Benson has possession of the key to that safe," suggested Vance, "then it's lucky for him his brother was shot."
