"I can see nothing," said I, handing it back to my friend.
"On the contrary, Watson, you can see everything. You fail,
however, to reason from what you see. You are too timid in
drawing your inferences."
"Then, pray tell me what it is that you can infer from this hat?"
He picked it up and gazed at it in the peculiar introspective
fashion which was characteristic of him. "It is perhaps less
suggestive than it might have been," he remarked, "and yet there
are a few inferences which are very distinct, and a few others
which represent at least a strong balance of probability. That
the man was highly intellectual is of course obvious upon the
face of it, and also that he was fairly well-to-do within the
last three years, although he has now fallen upon evil days. He
had foresight, but has less now than formerly, pointing to a
moral retrogression, which, when taken with the decline of his
fortunes, seems to indicate some evil influence, probably drink,
at work upon him. This may account also for the obvious fact that
his wife has ceased to love him."
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