"That's all right," spoke the man, in half-sullen tones; "but that isn't going to bring back my stuff."
"Do you think we took it?" snapped Frank, and there was a warning glint in his eyes.

"No--not exactly--but you lads were at my boat, you say, and this is the first time I've seen it since I left it with those cups and other valuables in."

"Well, that's a long way from proving that we took anything," went on Frank. "It's laughable, or, it would be if it wasn't so serious."

"Who are you, anyhow?" burst out Tom Parsons, unable to restrain his curiosity longer. "This thing is getting too deep for me. How did you come to have the Boxer Hall trophy cups?"
"Perhaps I had better explain," went on the man. "I am Edward Farson, and I'm in the jewelry business in Haddonfield. I've only recently started up, and I'm working a new line of trade. I am an expert repairer and mender of old jewelry, and I find that many residents along the river here, as well as out in the country, have old jewelry they want made into modern forms.
"As I happened to own a motor-boat I decided to use that in making calls along the river, and I have been quite successful. Then learning that the colleges hereabouts had many cups and trophies that grew tarnished, or were broken, I solicited orders in that line. I also do engraving, putting the names of the winners and all that on the cups.
"The other day--the time I remember now when I saw you at Mr. Borden's dock--I had collected quite a few pieces of jewelry, some from customers, some from the students at Fairview Institute, and a number of trophy cups from Boxer Hall.
"I had a call to make at Mr. Borden's, and, leaving the jewelry and cups in a box in one of the lockers of the boat, I ran my craft in the boathouse, as you saw, locked it up, and went up the hill to call on Mrs. Borden. As the box of valuables was rather heavy I did not want to carry it with me. I thought it would be safe."
"We heard you remark as much," interpolated Sid.
"Yes? Well, I expected to be back right away, but when I got to the house I found unexpected news awaiting me. There had come a telephone message from the clerk in my store, who knew that I was to be at Mrs. Borden's at a certain time. I had told him to that effect, as my elderly mother is very ill, and I wanted to be kept informed of her condition. The doctor communicated by wire with my clerk, and the latter left with Mrs. Borden a message to the effect that my mother was sinking, and that I was to hasten if I wanted to see her alive.





