ability. You remember Parker, who used to be Coxon's

  manager? He can never say enough about it."

  Of course I was pleased to hear this. I had always

  been pretty sharp in the office, but I had never

  dreamed that I was talked about in the City in this

  fashion.

  "You have a good memory?" said he.

  "Pretty fair," I answered, modestly.

  "Have you kept in touch with the market while you have

  been out of work?" he asked.

  "Yes. I read the stock exchange list every morning."

  "Now that shows real application!" he cried. "That is

  the way to prosper! You won't mind my testing you,

  will you? Let me see. How are Ayrshires?"

  "A hundred and six and a quarter to a hundred and five

  and seven-eighths."

  "And New Zealand consolidated?"

  "A hundred and four."

  "And British Broken Hills?"

  "Seven to seven-and-six."

  "Wonderful!" he cried, with his hands up. "This quite

  fits in with all that I had heard. My boy, my boy,

  you are very much too good to be a clerk at Mawson's!"

  This outburst rather astonished me, as you can think.

  "Well," said I, "other people don't think quite so

  much of me as you seem to do, Mr. Pinner. I had a

  hard enough fight to get this berth, and I am very

  glad to have it."

  "Pooh, man; you should soar above it. You are not in

  your true sphere. Now, I'll tell you how it stands

  with me. What I have to offer is little enough when

  measured by your ability, but when compared with

  Mawson's, it's light to dark. Let me see. When do

  you go to Mawson's?"

  "On Monday."

  "Ha, ha! I think I would risk a little sporting

  flutter that you don't go there at all."

  "Not go to Mawson's?"

  "No, sir. By that day you will be the business

  manager of the Franco-Midland Hardware Company,

  Limited, with a hundred and thirty-four branches in

  the towns and villages of France, not counting one in

  Brussels and one in San Remo."

  This took my breath away. "I never heard of it," said

  I.

  "Very likely not. It has been kept very quiet, for

  the capital was all privately subscribed, and it's too

  good a thing to let the public into. My brother,

  Harry Pinner, is promoter, and joins the board after

  allotment as managing director. He knew I was in the

  swim down here, and asked me to pick up a good man

  cheap. A young, pushing man with plenty of snap about

  him. Parker spoke of you, and that brought me here

  tonight. We can only offer you a beggarly five

  hundred to start with."

  "Five hundred a year!" I shouted.

  "Only that at the beginning; but you are to have an

  overriding commission of one per cent on all business

  done by your agents, and you may take my word for it

  that this will come to more than your salary."

  "But I know nothing about hardware."

  "Tut, my boy; you know about figures."

  My head buzzed, and I could hardly sit still in my

  chair. But suddenly a little chill of doubt came upon

  me.

  "I must be frank with you," said I. "Mawson only

  gives me two hundred, but Mawson is safe. Now,

  really, I know so little about your company that--"

  "Ah, smart, smart!" he cried, in a kind of ecstasy of

  delight. "You are the very man for us. You are not

  to be talked over, and quite right, too. Now, here's

  a note for a hundred pounds, and if you think that we

  can do business you may just slip it into your pocket

  as an advance upon your salary."

  "That is very handsome," said I. "When should I take

  over my new duties?"

  "Be in Birmingham to-morrow at one," said he. "I have

  a note in my pocket here which you will take to my

  brother. You will find him at 126b Corporation

  Street, where the temporary offices of the company are

  situated. Of course he must confirm your engagement,

  but between ourselves it will be all right."

  "Really, I hardly know how to express my gratitude,

  Mr. Pinner," said I.

  "Not at all, my boy. You have only got your desserts.

  There are one or two small things--mere

  formalities--which I must arrange with you. You have

  a bit of paper beside you there. Kindly write upon it

  'I am perfectly willing to act as business manager to

  the Franco-Midland Hardware Company, Limited, at a

  minimum salary of L500."

  I did as he asked, and he put the paper in his pocket.

  "There is one other detail," said he. "What do you

  intend to do about Mawson's?"

  I had forgotten all about Mawson's in my joy. "I'll

  write and resign," said I.

  "Precisely what I don't want you to do. I had a row

  over you with Mawson's manager. I had gone up to ask

  him about you, and he was very offensive; accused me

  of coaxing you away from the service of the firm, and

  that sort of thing. At last I fairly lost my temper.

  'If you want good men you should pay them a good

  price,' said I.

  "'He would rather have our small price than your big

  one,' said he.

  "'I'll lay you a fiver,' said I, 'that when he has my

  offer you'll never so much as hear from him again.'

  "'Done!' said he. 'We picked him out of the gutter,

  and he won't leave us so easily.' Those were his very

  words."

  "The impudent scoundrel!" I cried. "I've never so

  much as seen him in my life. Why should I consider

  him in any way? I shall certainly not write if you

  would rather I didn't."

  "Good! That's a promise," said he, rising from his

  chair. "Well, I'm delighted to have got so good a man

  for my brother. Here's your advance of a hundred

  pounds, and here is the letter. Make a not of the

  address, 126b Corporation Street, and remember that

  one o'clock to-morrow is your appointment.

  Good-night; and may you have all the fortune that you

  deserve!"

  That's just about all that passed between us, as near

  as I can remember. You can imagine, Dr. Watson, how

  pleased I was at such an extraordinary bit of good

  fortune. I sat up half the night hugging myself over

  it, and next day I was off to Birmingham in a train

  that would take me in plenty time for my appointment.

  I took my things to a hotel in New Street, and then I

  made my way to the address which had been given me.

  It was a quarter of an hour before my time, but I

  thought that would make no difference. 126b was a

  passage between two large shops, which led to a

  winding stone stair, from which there were many flats,

  let as offices to companies or professional men. The

  names of the occupants were painted at the bottom on

  the wall, but there was no such name as the

  Franco-Midland Hardware Company, Limited. I stood for

  a few minutes with my heart in my boots, wondering

  whether the whole thing was an e
laborate hoax or not,

  when up came a man and addressed me. He was very like

  the chap I had seen the night before, the same figure

  and voice, but he was clean shaven and his hair was

  lighter.

  "Are you Mr. Hall Pycroft?" he asked.

  "Yes," said I.

  "Oh! I was expecting you, but you are a trifle before

  your time. I had a note from my brother this morning

  in which he sang your praises very loudly."

  "I was just looking for the offices when you came."

  "We have not got our name up yet, for we only secured

  these temporary premises last week. Come up with me,

  and we will talk the matter over."

  I followed him to the top of a very lofty stair, and

  there, right under the slates, were a couple of empty,

  dusty little rooms, uncarpeted and uncurtained, into

  which he led me. I had thought of a great office with

  shining tables and rows of clerks, such as I was used

  to, and I dare say I stared rather straight at the two

  deal chairs and one little table, which, with a ledger

  and a waste paper basket, made up the whole furniture.

  "Don't be disheartened, Mr. Pycroft," said my new

  acquaintance, seeing the length of my face. "Rome was

  not built in a day, and we have lots of money at our

  backs, though we don't cut much dash yet in offices.

  Pray sit down, and let me have your letter."

  I gave it to him, and her read it over very carefully.

  "You seem to have made a vast impression upon my

  brother Arthur," said he; "and I know that he is a

  pretty shrewd judge. Hew swears by London, you know;

  and I by Birmingham; but this time I shall follow his

  advice. Pray consider yourself definitely engaged."

  "What are my duties?" I asked.

  "You will eventually manage the great depot in Paris,

  which will pour a flood of English crockery into the

  shops of a hundred and thirty-four agents in France.

  The purchase will be completed in a week, and

  meanwhile you will remain in Birmingham and make

  yourself useful."

  "How?"

  For answer, he took a big red book out of a drawer.

  "This is a directory of Paris," said he, "with the

  trades after the names of the people. I want you to

  take it home with you, and to mark off al the hardware

  sellers, with their addresses. It would be of the

  greatest use to me to have them."

  "Surely there are classified lists?" I suggested.

  "Not reliable ones. Their system is different from

  ours. Stick at it, and let me have the lists by

  Monday, at twelve. Good-day, Mr. Pycroft. If you

  continue to show zeal and intelligence you will find

  the company a good master."

  I went back to the hotel with the big book under my

  arm, and with very conflicting feelings in my breast.

  On the one hand, I was definitely engaged and had a

  hundred pounds in my pocket; on the other, the look of

  the offices, the absence of name on the wall, and

  other of the points which would strike a business man

  had left a bad impression as to the position of my

  employers. However, come what might, I had my money,

  so I settled down to my task. All Sunday I was kept

  hard at work, and yet by Monday I had only got as far

  as H. I went round to my employer, found him in the

  same dismantled kind of room, and was told to keep at

  it until Wednesday, and then come again. On Wednesday

  it was still unfinished, so I hammered away until

  Friday--that is, yesterday. Then I brought it round

  to Mr. Harry Pinner.

  "Thank you very much," said he; "I fear that I

  underrated the difficulty of the task. This list will

  be of very material assistance to me."

  "It took some time," said I.

  "And now," said he, "I want you to make a list of the

  furniture shops, for they all sell crockery."

  "Very good."

  "And you can come up to-morrow evening, at seven, and

  let me know how you are getting on. Don't overwork

  yourself. A couple of hours at Day's Music Hall in

  the evening would do you no harm after your labors."

  He laughed as he spoke, and I saw with a thrill that

  his second tooth upon the left-hand side had been very

  badly stuffed with gold.

  Sherlock Holmes rubbed his hands with delight, and I

  stared with astonishment at our client.

  "You may well look surprised, Dr. Watson; but it is

  this way," said he: "When I was speaking to the other

  chap in London, at the time that he laughed at my not

  going to Mawson's, I happened to notice that his tooth

  was stuffed in this very identical fashion. The glint

  of the gold in each case caught my eye, you see. When

  I put that with the voice and figure being the same,

  and only those things altered which might be changed

  by a razor or a wig, I could not doubt that it was the

  same man. Of course you expect two brothers to be

  alike, but not that they should have the same tooth

  stuffed in the same way. He bowed me out, and I found

  myself in the street, hardly knowing whether I was on

  my head or my heels. Back I went to my hotel, put my

  head in a basin of cold water, and tried to think it

  out. Why had he sent me from London to Birmingham?

  Why had he got there before me? And why had he

  written a letter from himself to himself? It was

  altogether too much for me, and I could make no sense

  of it. And then suddenly it struck me that what was

  dark to me might be very light to Mr. Sherlock Holmes.

  I had just time to get up to town by the night train

  to see him this morning, and to bring you both back

  with me to Birmingham."

  There was a pause after the stock-broker's clerk had

  concluded his surprising experience. Then Sherlock

  Holmes cocked his eye at me, leaning back on the

  cushions with a pleased and yet critical face, like a

  connoisseur who has just taken his first sip of a

  comet vintage.

  "Rather fine, Watson, is it not?" said he. "There are

  points in it which please me. I think that you will

  agree with me that an interview with Mr. Arthur Harry

  Pinner in the temporary offices of the Franco-Midland

  Hardware Company, Limited, would be a rather

  interesting experience for both of us."

  "But how can we do it?" I asked.

  "Oh, easily enough," said Hall Pycroft, cheerily.

  "You are two friends of mine who are in want of a

  billet, and what could be more natural than that I

  should bring you both round to the managing director?"

  "Quite so, of course," said Holmes. "I should like to

  have a look at the gentleman, and see if I can make

  anything of his little game. What qualities have you,

  my friend, which would make your services so valuable?

  or is it possible that--" He began biting his nails

  and staring blankly out of the window, and we hardly

  drew another word from him until we were in New

  Street.
>
  At seven o'clock that evening we were walking, the

  three of us, down Corporation Street to the company's

  offices.

  "It is no use our being at all before our time," said

  our client. "He only comes there to see me,

  apparently, for the place is deserted up to the very

  hour he names."

  "That is suggestive," remarked Holmes.

  "By Jove, I told you so!" cried the clerk. "That's he

  walking ahead of us there."

  He pointed to a smallish, dark, well-dressed man who

  was bustling along the other side of the road. As we

  watched him he looked across at a boy who was bawling

  out the latest edition of the evening paper, and

  running over among the cabs and busses, he bought one

  from him. Then, clutching it in his hand, he vanished

  through a door-way.

  "There he goes!" cried Hall Pycroft. "These are the

  company's offices into which he has gone. Come with

  me, and I'll fix it up as easily as possible."

  Following his lead, we ascended five stories, until we

  found ourselves outside a half-opened door, at which

  our client tapped. A voice within bade us enter, and

  we entered a bare, unfurnished room such as Hall

  Pycroft had described. At the single table sat the

  man whom we had seen in the street, with his evening

  paper spread out in front of him, and as he looked up

  at us it seemed to me that I had never looked upon a

  face which bore such marks of grief, and of something

  beyond grief--of a horror such as comes to few men in

  a lifetime. His brow glistened wit perspiration, his

  cheeks were of the dull, dead white of a fish's belly,

  and his eyes were wild and staring. He looked at his

  clerk as though he failed to recognize him, and I

  could see by the astonishment depicted upon our

  conductor's face that this was by no means the usual

  appearance of his employer.

  "You look ill, Mr. Pinner!" he exclaimed.

  "Yes, I am not very well," answered the other, making

  obvious efforts to pull himself together, and licking

  his dry lips before he spoke. "Who are these

  gentlemen whom you have brought with you?"

  "One is Mr. Harris, of Bermondsey, and the other is

  Mr. Price, of this town," said our clerk, glibly.

  "They are friends of mine and gentlemen of experience,

  but they have been out of a place for some little

  time, and they hoped that perhaps you might find an

  opening for them in the company's employment."

  "Very possibly! Very possibly!" cried Mr. Pinner with

  a ghastly smile. "Yes, I have no doubt that we shall

  be able to do something for you. What is your

  particular line, Mr. Harris?"

  "I am an accountant," said Holmes.

  "Ah yes, we shall want something of the sort. And

  you, Mr. Price?"

  "A clerk," said I.

  "I have every hope that the company may accommodate

  you. I will let you know about it as soon as we come

  to any conclusion. And now I beg that you will go.

  For God's sake leave me to myself!"

  These last words were shot out of him, as though the

  constraint which he was evidently setting upon himself

  had suddenly and utterly burst asunder. Holmes and I

  glanced at each other, and Hall Pycroft took a step

  towards the table.

  "You forget, Mr. Pinner, that I am here by appointment

  to receive some directions from you," said he.

  "Certainly, Mr. Pycroft, certainly," the other resumed

  in a calmer tone. "You may wait here a moment; and

  there is no reason why your friends should not wait

  with you. I will be entirely at your service in three

  minutes, if I might trespass upon your patience so

  far." He rose with a very courteous air, and, bowing

  to us, he passed out through a door at the farther end

  of the room, which he closed behind him.

  "What now?" whispered Holmes. "Is he giving us the

  slip?"

  "Impossible," answered Pycroft.

  "Why so?"

  "That door leads into an inner room."

  "There is no exit?"

  "None."

  "Is it furnished?"

  "It was empty yesterday."

  "Then what on earth can he be doing? There is

  something which I don't understand in his manner. If