"He did not go down very far. It is not a difficult matter to climb down the creepers inside with the support of one hand, and he was able to use the other sufficiently to thrust the small peg into the soft earth. He first hid the money in the breakwater wall, being too careful and clever to hide it in the pit until after the inquest. When he had concealed it in the pit he revived the story of the White Lady of the Shrieking Pit so as to keep the credulous villagers away from the spot. He need not have taken that precaution, because the hiding place was an excellent one, and it was only by chance that I discovered the money when I descended the pit. But he left nothing to chance. The use of the umbrella on the night of the murder proves that. Murderers do not usually carry umbrellas, but he did, because he feared that if his clothes got wet they might be seen in his room the following day, and direct suspicion to him. He chose to commit the crime when the storm was at its height because he thought he was safest from the likelihood of discovery then. "The callous scoundrel told me with his last breath that he was waiting until Penreath was safely hanged before disappearing with the money. When he opened the door to us to-night, he knew that he was at the end of his tether, and he decided to try to bolt. He realised that Benson would tell the truth when he was questioned and, although the innkeeper's story did not implicate him directly, he did our common intelligence the justice to believe that, through his dupe's confession, we should arrive at the truth." THE END