but he said nothing of what happened. He looked grave and anxious, and he had a long conversation with Gertrude late in the afternoon.
Tuesday evening found us quiet, with the quiet that precedes an explosion. Gertrude and Halsey were both gloomy and distraught, and as Liddy had already discovered that some of the china was broken—it is impossible to have any secrets from an old servant—I was not in a pleasant humor myself. Warner brought up the afternoon mail and the evening papers at seven—I was curious to know what the papers said of the murder. We had turned away at least a dozen reporters. But I read over the head-line that ran half-way across the top of the Gazette twice before I comprehended it. Halsey had opened the Chronicle and was staring at it fixedly.
"The Traders' Bank closes its doors!" was what I read, and then I put down the paper and looked across the table.
"Did you know of this?" I asked Halsey.
"I expected it. But not so soon," he replied.
"And you?" to Gertrude.
"Jack—told us—something," Gertrude said faintly. "Oh, Halsey, what can he do now?"
"Jack!" I said scornfully. "Your Jack's flight is easy enough to explain now. And you helped him, both of you, to get away! You get that from your mother; it isn't an Innes trait. Do you know that every dollar you have, both of you, is in that bank?"
Gertrude tried to speak, but Halsey stopped her.
"That isn't all, Gertrude," he said quietly; "Jack is—under arrest."
"Under arrest!" Gertrude screamed, and tore the paper out of his hand. She glanced at the heading, then she crumpled the newspaper into a ball and flung it to the floor. While Halsey, looking stricken and white, was trying to smooth it out and read it, Gertrude had dropped her head on the table and was sobbing stormily.
I have the clipping somewhere, but just now I can remember only the essentials.
On the afternoon before, Monday, while the Traders' Bank was in the rush of closing hour, between two and three, Mr. Jacob Trautman, President of the Pearl Brewing Company, came into the bank to lift a loan. As security for the loan he had deposited some three hundred International Steamship Company 5's, in total value three hundred thousand dollars. Mr. Trautman went to the loan clerk and, after certain formalities had been gone through, the loan clerk went to the vault. Mr. Trautman, who was a large and genial German, waited for a time, whistling under his breath. The loan clerk did not come back. After an interval, Mr. Trautman saw the loan clerk emerge from the vault and go to the assistant cashier: the two went hurriedly to the vault. A lapse of another ten minutes, and the assistant cashier came out and approached Mr. Trautman. He was noticeably white and trembling. Mr. Trautman was told that through an oversight the bonds had been misplaced, and was asked to return the following morning, when everything would be made all right.
Mr. Trautman, however, was a shrewd business man, and he did not like the appearance of things. He left the bank apparently satisfied, and within thirty minutes he had called up three different members of the Traders' Board of Directors. At three-thirty there was a hastily convened board meeting, with some stormy scenes, and late in the afternoon a national bank examiner was in possession of the books. The bank had not opened for business on Tuesday.
At twelve-thirty o'clock the Saturday before, as soon as the business of the day was closed, Mr. John Bailey, the cashier of the defunct bank, had taken his hat and departed. During the afternoon he had called up Mr. Aronson, a member of the board, and said he was ill, and might not be at the bank for a day or two. As Bailey was highly thought of, Mr. Aronson merely expressed a regret. From that time until Monday night, when Mr. Bailey had surrendered to the police, little was known of his movements. Some time after one on Saturday he had entered the Western Union office at Cherry and White Streets and had sent two telegrams. He was at the Greenwood Country Club on Saturday night, and appeared unlike himself. It was reported that he would be released under enormous bond, some time that day, Tuesday.
The article closed by saying that while the officers of the bank refused to talk until the examiner had finished his work, it was known that securities aggregating a million and a quarter were missing. Then there was a diatribe on the possibility of such an occurrence; on the folly of a one-man bank, and of a Board of Directors that met only to lunch together and to listen to a brief report from the cashier, and on the poor policy of a government that arranges a three or four-day examination twice a year. The mystery, it insinuated, had not been cleared by the arrest of the cashier. Before now minor officials had been used to cloak the misdeeds of men higher up. Inseparable as the words "speculation" and "peculation" have grown to be, John Bailey was not known to be in the stock market. His only words, after his surrender, had been "Send for Mr. Armstrong at once." The telegraph message which had finally reached the President of the Traders' Bank, in an interior town in California, had been responded to by a telegram from Doctor Walker, the young physician who was traveling with the Armstrong family, saying that Paul Armstrong was very ill and unable to travel.
That was how things stood that Tuesday evening. The Traders' Bank had suspended payment, and John Bailey was under arrest, charged with wrecking it; Paul Armstrong lay very ill in California, and his only son had been murdered two days before. I sat dazed and bewildered. The children's money was gone: that was bad enough, though I had plenty, if they would let me share. But Gertrude's grief was beyond any power of mine to comfort; the man she had chosen stood accused of a colossal embezzlement—and even worse. For in the instant that I sat there I seemed to see the coils closing around John Bailey as the murderer of Arnold Armstrong.
Gertrude lifted her head at last and stared across the table at Halsey.
"Why did he do it?" she wailed. "Couldn't you stop him, Halsey? It was suicidal to go back!"
Halsey was looking steadily through the windows of the breakfast-room, but it was evident he saw nothing.
"It was the only thing he could do, Trude," he said at last. "Aunt Ray, when I found Jack at the Greenwood Club last Saturday night, he was frantic. I can not talk until Jack tells me I may, but—he is absolutely innocent of all this, believe me. I thought, Trude and I thought, we were helping him, but it was the wrong way. He came back. Isn't that the act of an innocent man?"
"Then why did he leave at all?" I asked, unconvinced. "What innocent man would run away from here at three o'clock in the morning? Doesn't it look rather as though he thought it impossible to escape?"
Gertrude rose angrily. "You are not even just!" she flamed. "You don't know anything about it, and you condemn him!"
"I know that we have all lost a great deal of money," I said. "I shall believe Mr. Bailey innocent the moment he is shown to be. You profess to know the truth, but you can not tell me! What am I to think?"
Halsey leaned over and patted my hand.
"You must take us on faith," he said. "Jack Bailey hasn't a penny that doesn't belong to him; the guilty man will be known in a day or so."
"I shall believe that when it is proved," I said grimly. "In the meantime, I take no one on faith. The Inneses never do."
Gertrude, who had been standing aloof at a window, turned suddenly. "But when the bonds are offered for sale, Halsey, won't the thief be detected at once?"
Halsey turned with a superior smile.
"It wouldn't be done that way," he said. "They would be taken out of the vault by some one who had access to it, and used as collateral for a loan in another bank. It would be possible to realize eighty per cent. of their face
