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"That seems simple enough."

"It is just these very simple things which are extremely liable to be overlooked.

However, I determined to act on the idea.

I started at once in this harmless seaman's rig and inquired at all the yards down the river.

I drew blank at fifteen, but at the sixteenth - Jacobson's - I learned that the Aurora had been handed over to them two days ago by a wooden-legged man, with some trivial directions as to her rudder.

There ain't naught amiss with her rudder,' said the foreman.

There she lies, with the red streaks.' At that moment who should come down but Mordecai Smith, the missing owner.

He was rather the worse for liquor.

I should not, of course, have known him, but he bellowed out his name and the name of his launch.

I want her to-night at eight o'clock,' said he - 'eight o'clock sharp, mind, for I have two gentlemen who won't be kept waiting.' They had evidently paid him well, for he was very flush of money, chucking shillings about to the men.

I followed him some distance, but he subsided into an alehouse; so I went back to the yard, and, happening to pick up one of my boys on the way, I stationed him as a sentry over the launch.

He is to stand at the water's edge and wave his handkerchief to us when they start.

We shall be lying off in the stream, and it will be a strange thing if we do not take men, treasure, and all."

"You have planned it all very neatly, whether they are the right men or not," said Jones; "but if the affair were in my hands I should have had a body of police in Jacobson's Yard and arrested them when they came down."

"Which would have been never. This man Small is a pretty shrewd fellow. He would send a scout on ahead, and if anything made him suspicious he would lie snug for another week."

"But you might have stuck to Mordecai Smith, and so been led to their hiding-place," said I.

"In that case I should have wasted my day. I think that it is a hundred to one against Smith knowing where they live. As long as he has liquor and good pay, why should he ask questions? They send him messages what to do. No, I thought over every possible course, and this is the best."

While this conversation had been proceeding, we had been shooting the long series of bridges which span the Thames. As we passed the City the last rays of the sun were gilding the cross upon the summit of St. Paul's. It was twilight before we reached the Tower.

"That is Jacobson's Yard," said Holmes, pointing to a bristle of masts and rigging on the Surrey side.

"Cruise gently up and down here under cover of this string of lighters." He took a pair of night-glasses from his pocket and gazed some time at the shore.

"I see my sentry at his post," he remarked, "but no sign of a handkerchief."

"Suppose we go downstream a short way and lie in wait for them," said Jones eagerly.

We were all eager by this time, even the policemen and stokers, who had a very vague idea of what was going forward.

"We have no right to take anything for granted," Holmes answered.

"It is certainly ten to one that they go downstream, but we cannot be certain.

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