“Well, I will tell you,” he said. “Why should I not? And yet I hate to think of this old scandal gaining a new lease of life. Did you ever hear of Dawson and Neligan?”

I could see, from Hopkins’s face, that he never had, but Holmes was keenly interested.

“You mean the West Country bankers,” said he. “They failed for a million, ruined half the county families of Cornwall, and Neligan disappeared.”

“Exactly. Neligan was my father.”

At last we were getting something positive, and yet it seemed a long gap between an absconding banker and Captain Peter Carey pinned against the wall with one of his own harpoons. We all listened intently to the young man’s words.

“It was my father who was really concerned. Dawson had retired. I was only ten years of age at the time, but I was old enough to feel the shame and horror of it all. It has always been said that my father stole all the securities and fled. It is not true. It was his belief that if he were given time in which to realize them, all would be well and every creditor paid in full. He started in his little yacht for Norway just before the warrant was issued for his arrest. I can remember that last night, when he bade farewell to my mother. He left us a list of the securities he was taking, and he swore that he would come back with his honour cleared, and that none who had trusted him would suffer. Well, no word was ever heard from him again. Both the yacht and he vanished utterly. We believed, my mother and I, that he and it, with the securities that he had taken with him, were at the bottom of the sea. We had a faithful friend, however, who is a business man, and it was he who discovered some time ago that some of the securities which my father had with him had reappeared on the London market. You can imagine our amazement. I spent months in trying to trace them, and at last, after many doubtings and difficulties, I discovered that the original seller had been Captain Peter Carey, the owner of this hut.

“Naturally, I made some inquiries about the man. I found that he had been in command of a whaler which was due to return from the Arctic seas at the very time when my father was crossing to Norway. The autumn of that year was a stormy one, and there was a long succession of southerly gales. My father’s yacht may well have been blown to the north, and there met by Captain Peter Carey’s ship. If that were so, what had become of my father? In any case, if I could prove from Peter Carey’s evidence how these securities came on the market it would be a proof that my father had not sold them, and that he had no view to personal profit when he took them.

“I came down to Sussex with the intention of seeing the captain, but it was at this moment that his terrible death occurred. I read at the inquest a description of his cabin, in which it stated that the old logbooks of his vessel were preserved in it. It struck me that if I could see what occurred in the month of August, 1883, on board the Sea Unicorn, I might settle the mystery of my father’s fate. I tried last night to get at these logbooks, but was unable to open the door. To-night I tried again and succeeded, but I find that the pages which deal with that month have been torn from the book. It was at that moment I found myself a prisoner in your hands.”

“Is that all?” asked Hopkins.

“Yes, that is all.” His eyes shifted as he said it.

“You have nothing else to tell us?”

He hesitated.

“No, there is nothing.”

“You have not been here before last night?”

“No.”

“Then how do you account for that?” cried Hopkins, as he held up the damning notebook, with the initials of our prisoner on the first leaf and the blood-stain on the cover.

The wretched man collapsed. He sank his face in his hands, and trembled all over.