Kane answered quickly. “May I ask what——”

“Yes,” said David Ellsworth, a sort of curious reluctance in his voice. He took a letter from his pocket, and handed it to Billy Kane. “It’s this.”

“Yes,” said David Ellsworth, a sort of curious reluctance in his voice. He took a letter from his pocket, and handed it to Billy Kane. “It’s this.”

Billy Kane opened the letter—and, staring at the type-written words on the sheet in his hand, suddenly an angry red tinged his cheeks and mounted to his temples. His eyes mechanically travelled over the lines again:

Billy Kane opened the letter—and, staring at the type-written words on the sheet in his hand, suddenly an angry red tinged his cheeks and mounted to his temples. His eyes mechanically travelled over the lines again:

CONTENTS

Like father like son may be an old adage, but like a good many old adages its face value is not always to be relied upon. It might pay you to keep an eye on your confidential secretary—and on the contents of your vault.

Like father like son may be an old adage, but like a good many old adages its face value is not always to be relied upon. It might pay you to keep an eye on your confidential secretary—and on the contents of your vault.

A Friend.

A Friend.

Billy Kane laid the letter down upon the desk without a word—but his lips were tight.

Billy Kane laid the letter down upon the desk without a word—but his lips were tight.

“You understand, Billy,” said the old millionaire eagerly, “that the only reason why I did not show this to you immediately when I received it this morning was because I wanted, if possible, to formulate a definite conclusion as to the motive that prompted the writing of the contemptible thing. You understand, my boy, don’t you? I could talk to you then about it without hurting you. As for the actual letter itself, there is, of course, but one answer, and that is—this!”

“You understand, Billy,” said the old millionaire eagerly, “that the only reason why I did not show this to you immediately when I received it this morning was because I wanted, 

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