MR.

FRANKLIN FULLAWAY Allerdyke carried his find away to his own room and carefully examined it.

The buckle was of real gold; the stones set in it were real diamonds, small though they were.

He deduced two ideas from these facts--one, that the owner was a woman who loved pretty and expensive things; the other, that she must have a certain natural carelessness about her not to have noticed that the buckle was loose on her shoe.

But as he put the buckle safely away in his own travelling bag, he began to speculate on matters of deeper import--how did it come to be lying there in James Allerdyke's room?
How long had it been lying there?
Had its owner been into that room recently?
Had she, in fact, been in the room since James Allerdyke took possession of it on his arrival at the hotel?
He realized the possibility of various answers to these questions.