"You understand the rest, then?"
"I think that it is fairly obvious. What do you say, Watson?"
I shrugged my shoulders. "I must confess that I am out of my depths," said I.
"Oh surely if you consider the events at first they can only point to one conclusion."
"What do you make of them?"
"Well, the whole thing hinges upon two points. The first is the making of Pycroft write a declaration by which he entered the service of this preposterous company. Do you not see how very suggestive that is?"
"I am afraid I miss the point."
"Well, why did they want him to do it? Not as a business matter, for these arrangements are usually verbal, and there was no earthly business reason why this should be an exception. Don't you see, my young friend, hat they were very anxious to obtain a specimen of your handwriting, and had no other way of doing it?"
"And why?"
"Quite so. Why? When we answer that we have made some progress with our little problem. Why? There can be only one adequate reason. Some one wanted to learn to imitate your writing, and had to procure a specimen of it first. And now if we pass on to the second point we find that each throws light upon the other. That point is the request made by Pinner that you should not resign your place, but should leave the manager of this important business in the full expectation that a Mr. Hall Pycroft, whom he had never seen, was about to enter the office upon the Monday morning."
"My God!" cried our client, "what a blind beetle I have been!"
"Now you see the point about the handwriting. Suppose that some one turned up in your place who wrote a completely different hand from that in which you had applied for the vacancy, of course the game would have been up. But in the
