me that they were done by a young painter of the name of Edward Merton, who was very clever, but as poor as a church mouse. I went to see Merton some days afterwards, having got his address from the printseller, and found a pale, interesting young man, with a rather common-looking wife - his model, as I subsequently learned. I told him how much I admired his drawings, at which he seemed very pleased, and I asked him if he would show me some of his other work. As we were looking over a portfolio, full of really lovely things, - for Merton had a most delicate and delightful touch, - I suddenly caught sight of a drawing of the picture of Mr. W. H. There was no doubt whatever about it. It was almost a facsimile - the only difference being that the two masks of Tragedy and Comedy were not suspended from the marble table as they are in the picture, but were lying on the floor at the young man's feet. "Where on earth did you get that? I said. He grew rather confused, and said "Oh, that is nothing. I did not know it was in this portfolio. It is not a thing of any value."

"It is what you did for Mr. Cyril Graham," exclaimed his wife; "and if this gentleman wishes to buy it, let him have it."

"For Mr. Cyril Graham?" I repeated. "Did you paint the picture of Mr. W. H.?"

"I don't understand what you mean," he answered, growing very red. Well, the whole thing was quite dreadful. The wife let it all out. I gave her five pounds when I was going away. I can't bear to think of it now; but of course I was furious. I went off at once to Cyril's chambers, waited there for three hours before he came in, with that horrid lie staring me in the face, and told him I had discovered his forgery. He grew very pale and said - "I did it purely for your sake. You would not be convinced in any other way. It does not affect the truth of the theory."

"The truth of the theory! I exclaimed; "the less we talk about that the better. You never even believed in it yourself. If you had, you would not have committed a forgery to prove it." High words passed between us; we had a fearful quarrel. I daresay I was unjust. The next morning he was dead.'

`Dead!' I cried.

`Yes; he shot himself with a revolver. Some of the blood splashed upon the frame of the picture, just where the name had been painted. By the time I arrived - his servant lad sent for me at once - the police were already there. He had left a letter for me, evidently written in the greatest agitation and distress of mind.'

`What was in it?' I asked.

`Oh, that he believed absolutely in Willie Hughes; that the forgery of the picture had been done simply as a concession to me, and did not in the slightest degree invalidate the truth of the theory; and that in order to show me how firm and flawless his faith in the whole thing was, he was going to offer his life as a sacrifice to the secret of the Sonnets. It was a foolish, mad letter. I remember he ended by saying that he intrusted to me the Willie Hughes theory, and that it was for me to present it to the world, and to unlock the secret of Shakespeare's heart.'

`It is a most tragic story,' I cried; `but why have you not carried out his wishes?'

Erskine shrugged his shoulders. `Because it is a perfectly unsound theory from beginning to end,' he answered.

`My dear Erskine,' I said, getting up from my seat, `you are entirely wrong about the whole matter. It is the only perfect key to Shakespeare's Sonnets that has ever been made. It is complete in every detail. I believe in Willie Hughes.'

`Don't say that,' said Erskine gravely; `I believe there is something fatal about the idea, and intellectually there its nothing to be said for it. I have gone into the whole matter, and I assure you the theory is entirely