They've got that fellow up at Slocane, but one feels sorry the boys didn't get hold of him.

Hanging's not much use for that kind of man." Deringham's fingers trembled as he thrust the journal aside, but his voice was even.

"The brandy is rather better than any I've had of late," he said.

"You can give me another glass of it." For at least ten minutes he lay somewhat limply in the chair, and his reflections were not pleasant.

He had speculated with another man's money and lost most of it, as well as profited by several transactions which were little better than a swindle; but that was as far as he had gone hitherto, and he had in a curious fashion, retained through it all a measure of inherited pride.