Holmes thought for a little.

“You appear to me,” he said, at last, “to be taking matters too much for granted. I am, of course, familiar with the contents of these letters. My client will certainly do what I may advise. I shall counsel her to tell her future husband the whole story and to trust to his generosity.”

Milverton chuckled.

“You evidently do not know the Earl,” said he.

From the baffled look upon Holmes’s face, I could see clearly that he did.

“What harm is there in the letters?” he asked.