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"By the steps, my boy. Yours are worn three inches deeper than his. But this gentleman in the cab is my client, Mr. Hall Pycroft. Allow me to introduce you to him. Whip your horse up, cabby, for we have only just time to catch our train."

The man whom I found myself facing was a well built, fresh-complexioned young fellow, with a frank, honest face and a slight, crisp, yellow mustache.

He wore a very shiny top hat and a neat suit of sober black, which made him look what he was-a smart young City man, of the class who have been labeled cockneys, but who give us our crack volunteer regiments, and who turn out more fine athletes and sportsmen than any body of men in these islands.

His round, ruddy face was naturally full of cheeriness, but the corners of his mouth seemed to me to be pulled down in a half-comical distress.

It was not, however, until we were all in a first-class carriage and well started upon our journey to Birmingham that I was able to learn what the trouble was which had driven him to Sherlock Holmes.

"We have a clear run here of seventy minutes," Holmes remarked.

"I want you, Mr. Hall Pycroft, to tell my friend your very interesting experience exactly as you have told it to me, or with more detail if possible.

It will be of use to me to hear the succession of events again.

It is a case, Watson, which may prove to have something in it, or may prove to have nothing, but which, at least, presents those unusual and outré features which are as dear to you as they are to me.

Now, Mr. Pycroft, I shall not interrupt you again."

Our young companion looked at me with a twinkle in his eye.

"The worst of the story is," said he, "that I show myself up as such a confounded fool.

Of course it may work out all right, and I don't see that I could have done otherwise; but if I have lost my crib and get nothing in exchange I shall feel what a soft Johnnie I have been.

I'm not very good at telling a story, Dr. Watson, but it is like this with me:

"I used to have a billet at Coxon & Woodhouse's, of Draper's Gardens, but they were let in early in the spring through the Venezuelan loan, as no doubt you remember, and came a nasty cropper.

I had been with them five years, and old Coxon gave me a ripping good testimonial when the smash came, but of course we clerks were all turned adrift, the twenty-seven of us.

I tried here and tried there, but there were lots of other chaps on the same lay as myself, and it was a perfect frost for a long time.

I had been taking three pounds a week at Coxon's, and I had saved about seventy of them, but I soon worked my way through that and out at the other end.

I was fairly at the end of my tether at last, and could hardly find the stamps to answer the advertisements or the envelopes to stick them to.

I had worn out my boots paddling up office stairs, and I seemed just as far from getting a billet as ever.

"At last I saw a vacancy at Mawson & Williams's, the great stock-broking firm in Lombard Street.

I dare say E. C.

Is not much in your line, but I can tell you that this is about the richest house in London.

The advertisement was to be answered by letter only.

I sent in my testimonial and application, but without the least hope of getting it.

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