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So far I had not dared to look out, but now I gently parted the division of the curtains in front of me and peeped through. From the pressure of Holmes’s shoulder against mine, I knew that he was sharing my observations. Right in front of us, and almost within our reach, was the broad, rounded back of Milverton. It was evident that we had entirely miscalculated his movements, that he had never been to his bedroom, but that he had been sitting up in some smoking or billiard room in the farther wing of the house, the windows of which we had not seen. His broad, grizzled head, with its shining patch of baldness, was in the immediate foreground of our vision. He was leaning far back in the red leather chair, his legs outstretched, a long, black cigar projecting at an angle from his mouth. He wore a semi-military smoking jacket, claret-coloured, with a black velvet collar. In his hand he held a long, legal document which he was reading in an indolent fashion, blowing rings of tobacco smoke from his lips as he did so. There was no promise of a speedy departure in his composed bearing and his comfortable attitude.

I felt Holmes’s hand steal into mine and give me a reassuring shake, as if to say that the situation was within his powers, and that he was easy in his mind. I was not sure whether he had seen what was only too obvious from my position, that the door of the safe was imperfectly closed, and that Milverton might at any moment observe it. In my own mind I had determined that if I were sure, from the rigidity of his gaze, that it had caught his eye, I would at once spring out, throw my great coat over his head, pinion him, and leave the rest to Holmes. But Milverton never looked up. He was languidly interested by the papers in his hand, and page after page was turned as he followed the argument of the lawyer. At least, I thought, when he has finished the document and the cigar he will go to his room, but before he had reached the end of either, there came a remarkable development, which turned our thoughts into quite another channel.

Several times I had observed that Milverton looked at his watch, and once he had risen and sat down again, with a gesture of impatience. The idea, however, that he might have an appointment at so strange an hour never occurred to me until a faint sound reached my ears from the veranda outside. Milverton dropped his papers and sat rigid in his chair. The sound was repeated, and then there came a gentle tap at the door. Milverton rose and opened it.

“Well,” said he, curtly, “you are nearly half an hour late.”

So this was the explanation of the unlocked door and of the nocturnal vigil of Milverton. There was the gentle rustle of a woman’s dress. I had closed the slit between the curtains as Milverton’s face had turned in our direction, but now I ventured very carefully to open it once more. He had resumed his seat, the cigar still projecting at an insolent angle from the corner of his mouth. In front of him, in the full glare of the electric light, there stood a tall, slim, dark woman, a veil over her face, a mantle drawn round her chin. Her breath came quick and fast, and every inch of the lithe figure was quivering with strong emotion.

“Well,” said Milverton, “you made me lose a good night’s rest, my dear. I hope you’ll prove worth it. You couldn’t come any other time–eh?”

The woman shook her head.

“Well, if you couldn’t you couldn’t. If the Countess is a hard mistress, you have your chance to get level with her now. Bless the girl, what are you shivering about? That’s right. Pull yourself together. Now, let us get down to business.” He took a notebook from the drawer of his desk. “You say that you have five letters which compromise the Countess d’Albert. You want to sell them. I want to buy them. So far so good. It only remains to fix a price. I should want to inspect the letters, of course. If they are really good specimens–Great heavens, is it you?”