"I think he's just slipped round into Holborn, sir," the boy replied, with some slight hesitation. He was very well aware that George had secrets from his brother, and that it was not judicious to be too free in his communications to the elder gentleman. But the black eyes and white teeth of the stockbroker seemed very awful to him; and if Philip chose to question him, he must needs answer the truth, not having been provided by his master with any convenient falsehood in case of inquiry.

"What part of Holborn?" asked Philip sharply.

"I did hear tell as it was the telegraph office."

"Good!" exclaimed Mr. Sheldon; and then he dashed downstairs, leaving the lad on the threshold of the door staring after him with eyes of wonder.

The telegraph office meant business; and any business of his brother's was a matter of interest to Mr. Sheldon at this particular period. He had meditated the meaning of George's triumphant smile in the secluded calm of his own office; and the longer he had meditated, the more deeply rooted had become his conviction that his brother was engaged in some very deep and very profitable scheme, the nature of which it was his bounden duty to discover.

Impressed by this idea, Mr. Sheldon returned to the hansom-cab, which was waiting for him at the end of Warwick-court, and made his way to the telegraph office. The ostensible motive of his call in Gray's Inn was sufficient excuse for this following up of his brother's footsteps. It was one of those waifs and strays of rather disreputable business which the elder man sometimes threw in the way of the younger.

As the wheel of the hansom ground against the kerbstone in front of the telegraph office, the figure of George Sheldon vanished in a little court to the left of that establishment. Instead of pursuing this receding figure, Philip Sheldon walked straight into the office.

It was empty. There was no one in any of the shaded compartments, so painfully suggestive of pecuniary distress and the stealthy hypothecation of portable property. A sound of rattling and bumping in an inner office betrayed the neighbourhood of a clerk; but in the office Mr. Sheldon was alone.