But the certificates which are made out 'to bearer' cannot have a letter; they are not in any person's name.

What you see there shows that the day the doctor placed his money in the Funds, he noted down, first, the number of his own certificate for fifteen thousand francs interest which bears his initial M; next, the numbers of three inscriptions to bearer; these are without a letter; and thirdly, the certificate of Ursula's share in the Funds, the number of which is 23,534, and which follows, as you see, that of the fifteen-thousand-franc certificate with lettering.

This goes far to prove that those numbers are those of five certificates of investments made on the same day and noted down by the doctor in case of loss.

I advised him to take certificates to bearer for Ursula's fortune, and he must have made his own investment and that of Ursula's little property the same day.

I'll go to Dionis's office and look at the inventory.