minutely the cracks between the stones. A few seconds sufficed to satisfy
him, for he sprang to his feet again, and put his glass in his pocket.

"We have at least an hour before us," he remarked, "for they can hardly
take any steps until the good pawnbroker is safely in bed. Then they will
not lose a minute, for the sooner they do their work the longer time they
will have for their escape. We are at present, doctor--as no doubt you
have divined--in the cellar of the City branch of one of the principal
London banks. Mr. Merryweather is the chairman of directors, and he will
explain to you that there are reasons why the more daring criminals of
London should take a considerable interest in this cellar at present."

"It is our French gold," whispered the director. "We have had several
warnings that an attempt might be made upon it."

"Your French gold?"

"Yes. We had occasion some months ago to strengthen our resources, and
borrowed, for that purpose, thirty thousand napoleons from the Bank of
France. It has become known that we have never had occasion to unpack the
money, and that it is still lying in our cellar. The crate upon which I
sit contains two thousand napoleons packed between layers of lead foil.
Our reserve of bullion is much larger at present than is usually kept in a
single branch office, and the directors have had misgivings upon the
subject."

"Which were very well justified," observed Holmes.

"And now it is time that we arranged our little plans. I expect that
within an hour matters will come to a head. In the meantime, Mr.