'Not too fast. We haven't yet connected Edmund Gray with the forgery. At present, we only know that his name was used.' 'Wait a bit. I am coming to that. After leaving the Chambers, I went into the City and saw Mr. Ellis. First of all, none of the stock has been sold.' 'Oh! they have had three months, and they have not disposed of it? They must have met with unforeseen difficulties. Let me see.' Mr. Dering was now thoroughly alert. The weakness of the morning had completely passed away. 'What difficulties? Upon my word, I cannot understand that there could have been any. They have got the papers from a respectable solicitor through a respectable broker. No--no. Their course was perfectly plain. But rogues often break down through their inability to see the strength of their own case.' 'Next, Mr. Ellis has ascertained that some of the dividends are received by your Bank. I therefore called on the manager. Now, be prepared for another surprise.' 'Another forgery?' 'Yes--another forgery. It is nine or ten years since you sent a letter to the manager--I saw it--introducing your client Edmund Gray, gentleman, who was desirous of opening a private account. He paid in a small sum of money, which has been lying to his credit ever since, and has not been touched. In February last he received another letter from you; and again in March and April, forwarding certificates, and requesting him to receive the dividends. With your own hand you placed the papers in the Bank. I saw the letters. I would swear to your handwriting.' 'These people are as clever as they are audacious.' 'At every point a letter from you--a letter which the ablest expert would tell was your handwriting. Your name covers and vouches for everything.' 'Did you tell the manager what has happened?' 'Certainly; I told him everything. And this is in substance the line he takes. "Your Partner," he says, "alleges that those papers have been procured by forgery. He says that the letter of introduction is a forgery. Very good. It may be so. But I have opened this account for a customer who brought me an introduction from the best solicitor in London, whose handwriting I know well, and recognise in the letter. Such an allegation would not be enough in itself for me to take action: until a civil or criminal action is brought--until it is concluded--I could not refuse to treat the customer like all the rest. At the same time I will take what steps I can to inquire into my customer's antecedents."' 'Quite right,' said Mr. Dering. 'I asked him next, what he would do if the customer sent for the papers. He said that if an action were brought, he would probably be served with a _sub poena duces tecum_, making him keep and produce these papers as forming part of the documents in the case.' 'Certainly, certainly; the manager knows his law.' '"And," he went on, "as regards cheques, I shall pay them or receive them until restrained."'