THE AFFAIR AT THE SEMIRAMIS HOTEL
Hanaud nodded.
"He came to watch over his treasure."
Ricardo was piecing together the sections of the puzzle.
"No doubt he knew of the necklace in America. No doubt he followed it to England."
Hanaud agreed.
"Mrs. Blumenstein's jewels were quite famous in New York."
"But to hide them here!" cried Mr. Clements. "He must have been mad."
"Why?" asked Hanaud. "Can you imagine a safer hiding-place? Who is going to burgle the property-room of Covent Garden? Who is going to look for a priceless string of pearls amongst the stage jewels of an opera house?"
"You did," said Mr, Ricardo.
"I?" replied Hanaud, shrugging his shoulders. "Joan Carew's dreams led me to André Favart. The first time we came here and saw the pearls of the Madonna, I was on the look-out, naturally. I noticed Favart at the back of the stalls. But it was a stroke of luck that I noticed those pearls through my opera glasses."
"At the end of the second act?" cried Ricardo suddenly. "I remember now."
"Yes," replied Hanaud. "But for that second act the pearls would have stayed comofrtably here all
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