As he progressed Captain Putnam shook his head sadly.
"It must be true," he said almost brokenly.

"It all fits in--this telegram and what you say." "The telegram ?" repeated Jack.
"Yes, Ruddy.

This telegram is from Mr.Ford.He states that Cameron Smith has been caught and has made a confession that he looted the safe at Point View Lodge.

Smith was partly intoxicated at the time of his capture, and informed the detective that some jewelry he had in his possession had come from Reff Ritter.

He stated that Ritter took the stuff from the cadets and the others while they slept, and it was Smith's part to pawn the things and divide the proceeds." "And Ritter was guilty of all the thefts at the Hall ?" cried Pepper.
"Yes, and he even took some of his own things, just for a blind, according to this man Smith.