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Serge Panine
by Georges Ohnet
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She raised her hand to stop Serge.

"Will not the fear of killing my daughter by this revelation stay you?" asked she, bitterly. "What manner of man are you to have so little heart and conscience?"

Panine burst into laughter.

"You see what your threats are worth, and what value I place on them. Spare them in the future. You ask me what manner of man I am? I will tell you. I have not much patience, I hate to have my liberty interfered with, and I have a horror of family jars. I expect to be master of my own house."

Madame Desvarennes was roused at these words. Her rage had abated on her daughter's account, but now it rose to a higher pitch.

"Ah! so this is it, is it?" she said. "You would like perfect liberty, I see! You make such very good use of it. You don't like to hear remarks upon it. It is more convenient, in fact! You wish to be master in your own house? In your own house! But, in truth, what are you here to put on airs toward me? Scarcely more than a servant. A husband receiving wages from me!"

Serge, with flashing eyes, made a terrible movement. He tried to speak, but his lips trembled, and he could not utter a sound. By a sign he showed Madame Desvarennes the door. The latter looked resolutely at the Prince, and with energy which nothing could henceforth soften, added:

"You will have to deal with me in future! Good-day!"

And, leaving the room with as much calmness as she felt rage when entering it, she went down to the counting-house.

Cayrol was sitting chatting with Marechal in his room. He was telling him that Herzog's rashness caused him much anxiety. Marechal did not encourage his confidence. The secretary's opinion on the want of morality on the part of the financier had strengthened. The good feeling he entertained toward the daughter had not counterbalanced the bad impression he had of the father, and he warmly advised Cayrol to break off all financial connection with such a man. Cayrol, indeed, had now very little to do with the European Credit. The office was still at his banking house, and the payments for shares were still made into his bank, but as soon as the new scheme which Herzog was preparing was launched, the financier intended settling in splendid offices which were being rapidly completed in the neighborhood of the Opera. Herzog might therefore commit all the follies which entered his head. Cayrol would be out of it.

Madame Desvarennes entered. At the first glance, the men noticed the traces of the emotion she had just experienced. They rose and waited in silence. When the mistress was in a bad humor everybody gave way to her. It was the custom. She nodded to Cayrol, and walked up and down the office, absorbed in her own thoughts. Suddenly stopping, she said:

"Marechal, prepare Prince Panine's account."

The secretary looked up amazed, and did not seem to understand.

"Well! The Prince has had an overdraft; you will give me a statement; that's all! I wish to see how we two stand."

The two men, astonished to hear Madame Desvarennes speak of her son-in-law as she would of a customer, exchanged looks.

"You have lent my son-in-law money, Cayrol?"

And as the banker remained silent, still looking at the secretary, Madame added:

"Does the presence of Marechal make you hesitate in answering me? Speak before him; I have told you more than a hundred times that he knows my business as well as I do."

"I have, indeed, advanced some money to the Prince," replied Cayrol.

"How much?" inquired Madame Desvarennes.

"I don't remember the exact amount. I was happy to oblige your son-in-law."

"You were wrong, and have acted unwisely in not acquainting me of the fact. It is thus that his follies have been encouraged by obliging friends. At all events, I ask you now not to lend him any more."

Cayrol seemed put out, and, with his hands in his pockets and his shoulders up, replied:

"This is a delicate matter which you ask of me. You will cause a quarrel between the Prince and myself—"

"Do you prefer quarreling with me?" asked the mistress.

"Zounds! No!" replied the banker. "But you place me in an embarrassing position! I have just promised to lend Serge a considerable sum to-night."

"Well! you will not give it to him."

"That is an act which he will scarcely forgive," sighed Cayrol.

Madame Desvarennes placed her hand on the shoulder of the banker, and looking seriously at him, said:

"You would not have forgiven me if I had allowed you to render him this service."

A vague uneasiness filled Cayrol's heart, a shadow seemed to pass before his eyes, and in a troubled voice he said to the mistress:

"Why so?"

"Because he would have repaid you badly."

Cayrol thought the mistress was alluding to the money he had already lent, and his fears vanished. Madame Desvarennes would surely repay it.

"So you are cutting off his resources?" he asked.

"Completely," answered the mistress. "He takes too much liberty, that young gentleman. He was wrong to forget that I hold the purse-strings. I don't mind paying, but I want a little deference shown me for my money. Good-by! Cayrol, remember my instructions."

And, shaking hands with the banker, Madame Desvarennes entered her own office, leaving the two men together.

There was a moment's pause: Cayrol was the first to break the silence.

"What do you think of the Prince's position?"

"His financial position?" asked Marechal.

"Oh, no! I know all about that! I mean his relation to Madame Desvarennes."

"Zounds! If we were in Venice in the days of the Aqua-Toffana, the sbirri and the bravi—"

"What rubbish!" interrupted Cayrol, shrugging his shoulders.

"Let me continue," said the secretary, "and you can shrug your shoulders afterward if you like. If we had been in Venice, knowing Madame Desvarennes as I do, it would not have been surprising to me to have had Master Serge found at the bottom of the canal some fine morning."

"You are not in earnest," muttered the banker.

"Much more so than you think. Only you know we live in the nineteenth century, and we cannot make Providence interpose in the form of a dagger or poison so easily as in former days. Arsenic and verdigris are sometimes used, but it does not answer. Scientific people have had the meanness to invent tests by which poison can be detected even when there is none."

"You are making fun of me," said Cayrol, laughing.

"I! No. Come, do you wish to do a good stroke of business? Find a man who will consent to rid Madame Desvarennes of her son-in-law. If he succeed, ask Madame Desvarennes for a million francs. I will pay it at only twenty-five francs' discount, if you like!"

Cayrol was thoughtful. Marechal continued:

"You have known the house a long time, how is it you don't understand the mistress better? I tell you, and remember this: between Madame Desvarennes and the Prince there is a mortal hatred. One of the two will destroy the other. Which? Betting is open."

"But what must I do? The Prince relies on me—"

"Go and tell him not to do so any longer."

"Faith, no! I would rather he came to my office. I should be more at ease. Adieu, Marechal."

"Adieu, Monsieur Cayrol. But on whom will you bet?"

"Before I venture I should like to know on whose side the Princess is."

"Ah, dangler! You think too much of the women! Some day you will be let in through that failing of yours!"

Cayrol smiled conceitedly, and went away. Marechal sat down at his desk, and took out a sheet of paper.

"I must tell Pierre that everything is going on well here," he murmured. "If he knew what was taking place he would soon be back, and might be guilty of some foolery or other." So he commenced writing.

ETEXT EDITOR'S BOOKMARKS:

Because they moved, they thought they were progressing Everywhere was feverish excitement, dissipation, and nullity It was a relief when they rose from the table Money troubles are not mortal One amuses one's self at the risk of dying Scarcely was one scheme launched when another idea occurred Talk with me sometimes. You will not chatter trivialities They had only one aim, one passion—to enjoy themselves Without a care or a cross, he grew weary like a prisoner



SERGE PANINE

By GEORGES OHNET



BOOK 4.



CHAPTER XVIII

THE UNIVERSAL CREDIT COMPANY

The banking-house of Cayrol had not a very imposing appearance. It was a narrow two-storied building, the front blackened by time. There was a carriage gateway, on the right-hand side of which was the entrance to the offices. The stairs leading to the first floor were covered by a well-worn carpet. Here was a long corridor into which the different offices opened. On their glass doors might be read: "Payments of dividends." "Accounts." "Foreign correspondence." "General office." Cayrol's own room was quite at the end, and communicated with his private apartments. Everything breathed of simplicity and honesty. Cayrol had never tried to throw dust into people's eyes. He had started modestly when opening the bank; his business had increased, but his habits had remained the same. It was not a difficult matter to obtain an interview, even by people not known to him. They sent in their cards, and were admitted to his sanctum.

It was amid the coming and going of customers and clerks that Prince Panine came the following day to find Cayrol. For the first time Serge had put himself out for the banker. He was introduced with marks of the most profound respect. The great name of Desvarennes seemed to cast a kind of halo round his head in the eyes of the clerks.

Cayrol, a little embarrassed, but still resolute, went toward him. Serge seemed nervous and somewhat abrupt in manner. He foresaw some difficulty.

"Well! my dear fellow," he said, without sitting down. "What are you up to? I have waited since yesterday for the money you promised me."

Cayrol scratched his ear, and felt taken aback by this plain speaking.

"The fact is—" stammered he.

"Have you forgotten your engagement?" asked Serge, frowning.

"No," replied Cayrol, speaking slowly, "but I met Madame Desvarennes yesterday."

"And what had that to do with your intentions?"

"Zounds! It had everything to do with them. Your mother-in-law made a scene, and forbade my lending you any money. You must understand, my dear Prince, that my relations with Madame Desvarennes are important. I hold a great deal of money of hers in my bank. She first gave me a start. I cannot, without appearing ungrateful, act contrary to her will. Place yourself in my position, and judge impartially of the terrible alternative between obliging you and displeasing my benefactress."

"Don't cry; it is useless," said Serge, with a scornful laugh. "I sympathize with your troubles. You side with the money-bags. It remains to be seen whether you will gain by it."

"My dear Prince, I swear to you that I am in despair," cried Cayrol, annoyed at the turn the interview was taking. "Listen; be reasonable! I don't know what you have done to your mother-in-law, but she seems much vexed with you. In your place I would rather make a few advances than remain hostile toward Madame Desvarennes. That would mend matters, you see. Flies are not to be caught with vinegar."

Serge looked contemptuously at Cayrol, and put on his hat with supreme insolence.

"Pardon me, my dear fellow; as a banker you are excellent when you have any money to spare, but as a moralist you are highly ridiculous."

And, turning on his heel, he quitted the office, leaving Cayrol quite abashed. He passed along the corridor switching his cane with suppressed rage. Madame Desvarennes had, with one word, dried up the source from which he had been drawing most of the money which he had spent during the last three months. He had to pay a large sum that evening at the club, and he did not care to apply to the money-lenders of Paris.

He went down the stairs wondering how he would get out of this scrape! Go to Madame Desvarennes and humble himself as Cayrol advised? Never! He regretted, for a moment, the follies which had led him into this difficulty. He ought to have been able to live on two hundred thousand francs a year! He had squandered money foolishly, and now the inexhaustible well from which he had drawn his treasure was closed by an invincible will.

He was crossing the gateway, when a well-known voice struck his ear, and he turned round. Herzog, smiling in his enigmatical manner, was before him. Serge bowed, and wanted to pass on, but the financier put his hand on his arm, saying:

"What a hurry you are in, Prince. I suppose your pocketbook is full of notes, and you are afraid of being plundered."

And with his finger, Herzog touched the silver mounted pocketbook, the corner of which was peeping out of the Prince's pocket. Panine could not control a gesture of vexation, which made the financier smile.

"Am I wrong?" asked Herzog. "Can our friend Cayrol have refused your request? By-the-bye, did you not quarrel with Madame Desvarennes yesterday? Whoever was it told me that? Your mother-in-law spoke of cutting off all your credit, and from your downcast look I guess that fool Cayrol has obeyed the orders he has received."

Serge, exasperated and stamping with rage, wanted to speak, but it was no easy matter interrupting Herzog. Besides, there was something in the latter's look which annoyed Serge. His glance seemed to be fathoming the depths of Panine's pockets, and the latter instinctively tightened his arms across his chest, so that Herzog might not see that his pocketbook was empty.

"What are you talking about?" asked Serge, at last, with a constrained smile.

"About things which must greatly interest you," said Herzog, familiarly. "Come, be sincere. Cayrol has just refused you a sum of money. He's a simpleton! How much do you want? Will a hundred thousand francs do just now?"

And writing a few words on a check, the financier handed it to Serge, adding:

"A man of your position should not be in any difficulty for such a paltry sum!"

"But, sir," said Serge, astonished, and pushing away Herzog's hand.

"Accept it, and don't feel indebted to me. It is hardly worth while between you and me."

And taking Panine's arm Herzog walked on with him.

"Your carriage is there? all right, mine will follow. I want to talk to you. Your troubles cannot last. I will show you the means of extricating yourself and that without delay, my dear sir."

And without consulting Panine he seated himself beside him in the carriage.

"I told you once, if you remember," continued the financier, "that I might prove useful to you. You were haughty, and I did not insist; yet you see the day has come. Let me speak frankly with you. It is my usual manner, and there is some good in it."

"Speak," answered Serge, rather puzzled.

"You find yourself at this moment, vulgarly speaking, left in the lurch. Your wants are many and your resources few."

"At least—" protested Serge.

"Good! There you are refractory," said the financier, laughingly, "and I have not finished. The day after your marriage you formed your household on a lavish footing; you gave splendid receptions; you bought race-horses; in short, you went the pace like a great lord. Undoubtedly it costs a lot of money to keep up such an establishment. As you spent without counting the cost, you confounded the capital with the interest, so that at this moment you are three parts ruined. I don't think you would care to change your mode of living, and it is too late in the day to cut down expenses and exist on what remains? No. Well, to keep up your present style you need at least a million francs every year."

"You calculate like Cocker," remarked Serge, smiling with some constraint.

"That is my business," answered Herzog. "There are two ways by which you can obtain that million. The first is by making it up with your mother-in-law, and consenting, for money, to live under her dominion. I know her, she will agree to this."

"But," said Serge, "I refuse to submit."

"In that case you must get out of your difficulties alone."

"And how?" inquired the Prince, with astonishment.

Herzog looked at him seriously.

"By entering on the path which I am ready to open up to you," replied Herzog, "and in which I will guide you. By going in for business."

Serge returned Herzog's glance and tried to read his face, but found him impenetrable.

"To go into business one needs experience, and I have none."

"Mine will suffice," retorted the financier.

"Or money," continued the Prince, "and I have none, either."

"I don't ask money from you. I offer you some."

"What, then, do I bring into the concern?"

"The prestige of your name, and your relations with Madame Desvarennes."

The Prince answered, haughtily:

"My relations are personal, and I doubt whether they will serve you. My mother-in-law is hostile, and will do nothing for me. As to my name, it does not belong to me, it belongs to those who bore it nobly before me."

"Your relations will serve me," said Herzog. "I am satisfied. Your mother-in-law cannot get out of your being her daughter's husband, and for that you are worth your weight in gold. As to your name, it is just because it has been nobly borne that it is valuable. Thank your ancestors, therefore, and make the best of the only heritage they left you. Besides, if you care to examine things closely, your ancestors will not have reason to tremble in their graves. What did they do formerly? They imposed taxes on their vassals and extorted money from the vanquished. We financiers do the same. Our vanquished are the speculators; our vassals the shareholders. And what a superiority there is about our proceedings! There is no violence. We persuade; we fascinate; and the money flows into our coffers. What do I say? They beseech us to take it. We reign without contest. We are princes, too princes of finance. We have founded an aristocracy as proud and as powerful as the old one. Feudality of nobility no longer exists; it has given way to that of money."

Serge laughed. He saw what Herzog was driving at.

"Your great barons of finance are sometimes subject to executions," said he.

"Were not Chalais, Cinq-Mars, Biron, and Montmorency executed?" asked Herzog, with irony.

"That was on a scaffold," replied Panine.

"Well! the speculator's scaffold is the Bourse! But only small dabblers in money succumb; the great ones are safe from danger. They are supported in their undertakings by such powerful and numerous interests that they cannot fail without involving public credit; even governments are forced to come to their aid. One of these powerful and indestructible enterprises I have dreamed of grafting on to the European Credit Company, the Universal Credit Company. Its very name is a programme in itself. To stretch over the four quarters of the globe like an immense net, and draw into its meshes all financial speculators: such is its aim. Nobody will be able to withstand us. I am offering you great things, but I dream of still greater. I have ideas. You will see them developed, and will profit by them, if you join my fortunes. You are ambitious, Prince. I guessed it; but your ambition hitherto has been satisfied with small things—luxurious indulgences and triumphs of elegance! What are these worth to what I can give you? The sphere in which you move is narrow. I will make it immense. You will no longer reign over a small social circle, you will rule a world."

Serge, more affected than he cared to show, tried to banter.

"Are you repeating the prologue to Faust?" asked he. "Where is your magical compact? Must I sign it?"

"Not at all. Your consent is sufficient. Look into the business, study it at your leisure, and measure the results; and then if it suit you, you can sign a deed of partnership. Then in a few years you may possess a fortune surpassing all that you have dreamed of."

The financier remained silent. Serge was weighing the question. Herzog was happy; he had shown himself to all Paris in company with Madame Desvarennes's son-in-law. He had already realized one of his projects. The carriage was just passing down the Champs Elysees. The weather was lovely, and in the distance could be seen the trees of the Tuileries and the different monuments of the Place de la Concorde bathed in blue mist. Groups of horsemen were cantering along the side avenues. Long files of carriages were rolling rapidly by with well-dressed ladies. The capital displayed at that hour all the splendor of its luxury. It was Paris in all its strength and gayety.

Herzog stretched out his hand, and calling the Prince's attention to the sight, said:

"There's your empire!"

Then, looking at him earnestly, he asked:

"Is it agreed?"

Serge hesitated for a moment, and then bowed his head, saying:

"It is agreed."

Herzog pulled the check-string communicating with the coachman and alighted.

"Good-by," said he to Panine.

He slipped into his own carriage, which had followed closely behind, and drove off.

From that day, even Jeanne had a rival. The fever of speculation had seized on Serge; he had placed his little finger within the wheels and he must follow—body, name, and soul. The power which this new game exercised over him was incredible. It was quite different to the stupid games at the club, always the same. On the Bourse, everything was new, unexpected, sudden, and formidable. The intensity of the feelings were increased a hundredfold, owing to the importance of the sums risked.

It was really a splendid sight to see Herzog manipulating matters, maneuvering with a miraculous dexterity millions of francs. And then the field for operations was large. Politics, the interests of nations, were the mainsprings which impelled the play, and the game assumed diplomatic vastness and financial grandeur.

From his private office Herzog issued orders, and whether his ability was really extraordinary, or whether fortune exceptionally favored him, success was certain. Serge, from the first week, realized considerable sums. This brilliant success threw him in a state of great excitement. He believed everything that Herzog said to him as if it were gospel. He saw the world bending under the yoke which he was about to impose upon it. People working and toiling every day were doing so for him alone, and like one of those kings who had conquered the world, he pictured all the treasures of the earth laid at his feet. From that time he lost the sense of right and wrong. He admitted the unlikely, and found the impossible quite natural. He was a docile tool in the hands of Herzog.

The rumor of this unforeseen change in Panine's circumstances soon reached Madame Desvarennes's ears. The mistress was frightened, and sent for Cayrol, begging him to remain a director of the European Credit, in order to watch the progress of the new affair. With her practical common sense, she foresaw disasters, and even regretted that Serge had not confined himself to cards and reckless living.

Cayrol was most uneasy, and made a confidant of his wife, who, deeply troubled, told Panine the fears his friends entertained on his account. The Prince smiled disdainfully, saying these fears were the effect of plebeian timidity. The mistress understood nothing of great speculations, and Cayrol was a narrow-minded banker! He knew what he was doing. The results of his speculations were mathematical. So far they had not disappointed his hopes. The great Universal Credit Company, of which he was going to be a director, would bring him in such an immense fortune that he would be independent of Madame Desvarennes.

Jeanne, terrified at this blind confidence, tried to persuade him. Serge took her in his arms, kissed her, and banished her fears.

Madame Desvarennes had forbidden her people to tell Micheline anything of what was going on, as she wished her to remain in perfect ignorance. By a word, the mistress, if she could not have prevented the follies of which Serge was guilty, could, at least, have spared herself and her daughter. It would have only been necessary to reveal his behavior and betrayal to Micheline, and to provoke a separation. If the house of Desvarennes were no longer security for Panine, his credit would fall. Disowned by his mother-in-law, and publicly given up by her, he would be of no use to Herzog, and would be promptly thrown over by him. The mistress did not wish her daughter to know the heartrending truth. She would not willingly cause her to shed tears, and therefore preferred risking ruin.

Micheline, too, tried to hide her troubles from her mother. She knew too well that Serge would have the worst of it if he got into her black books. With the incredible persistence of a loving heart, she hoped to win back Serge. Thus a terrible misunderstanding caused these two women to remain inactive and silent, when, by united efforts, they might, perhaps, have prevented dangers.

The great speculation was already being talked about. Herzog was boldly placing his foot on the summit whereon the five or six demigods, who ruled the stock market, were firmly placed. The audacious encroachments of this newcomer had vexed these formidable potentates, and already they had decided secretly his downfall because he would not let them share in his profits.

One morning, the Parisians, on awakening, found the walls placarded with notices advertising the issue of shares in the Universal Credit Company, and announcing the names of the directors, among which appeared that of the Prince. Some were members of the Legion d'Honneur; others recent members of the Cabinet Council, and Prefets retired into private life. A list of names to dazzle the public, but all having a weak point.

This created a great sensation in the business world. Madame Desvarennes's son-in-law was on the board. It was a good speculation, then? People consulted the mistress, who found herself somewhat in a dilemma; either she must disown her son-in-law, or speak well of the affair. Still she did not hesitate, for she was loyal and honest above all things. She declared the speculation was a poor one, and did all she could to prevent any of her friends becoming shareholders.

The issue of shares was disastrous. The great banks remained hostile, and capitalists were mistrustful. Herzog landed a few million francs. Doorkeepers and cooks brought him their savings. He covered expenses. But it was no use advertising and puffing in the newspapers, as a word had gone forth which paralyzed the speculation. Ugly rumors were afloat. Herzog's German origin was made use of by the bankers, who whispered that the aim of the Universal Credit Company was exclusively political. It was to establish branch banks in every part of the world to further the interests of German industry. Further, at a given moment, Germany might have need of a loan in case of war, and the Universal Credit Company would be there to supply the necessary aid to the great military nation.

Herzog was not a man to be put down without resisting, and he made supreme efforts to float his undertaking. He caused a number of unissued shares to be sold on 'Change, and had them bought up by his own men, thus creating a fictitious interest in the company. In a few days the shares rose and were at a premium, simply through the jobbery to which Herzog lent himself.

Panine was little disposed to seek for explanations, and, besides, had such unbounded faith in his partner that he suspected nothing. He remained in perfect tranquillity. He had increased his expenditure, and his household was on a royal footing. Micheline's sweetness emboldened him; he no longer took the trouble of dissimulating, and treated his young wife with perfect indifference.

Jeanne and Serge met every day at the little house in the Avenue Maillot. Cayrol was too much engaged with the new anxieties which Herzog caused him, to look after his wife, and left her quite free to amuse herself. Besides, he had not the least suspicion. Jeanne, like all guilty women, overwhelmed him with kind attentions, which the good man mistook for proofs of love. The fatal passion was growing daily stronger in the young woman's heart, and she would have found it impossible to have given up her dishonorable happiness with Panine. She felt herself capable of doing anything to preserve her lover.

Jeanne had already said, "Oh! if we were but free!" And they formed projects. They would go away to Lake Lugano, and, in a villa hidden by trees and shrubs, would enjoy the pleasures of being indissolubly united. The woman was more eager than the man in giving way to these visions of happiness. She sometimes said, "What hinders us now? Let us go." But Serge, prudent and discreet, even in the most affectionate moments, led Jeanne to take a more sensible view. What was the use of a scandal? Did they not belong to each other?

Then the young woman reproached him for not loving her as much as she loved him. She was tired of dissimulating; her husband was an object of horror to her, and she had to tell him untruths and submit to his caresses which were revolting to her. Serge calmed her with a kiss, and bade her wait awhile.

Pierre, rendered anxious on hearing that Serge had joined Herzog in his dangerous financial speculations, had left his mines and had just arrived. The letters which Micheline addressed to the friend of her youth, her enforced confidant in trouble, were calm and resigned. Full of pride, she had carefully hidden from Pierre the cause of her troubles. He was the last person by whom she would like to be pitied, and her letters had represented Serge as repentant and full of good feeling. Marechal, for similar reasons, had kept his friend in the dark. He feared Pierre's interference, and he wished to spare Madame Desvarennes the grief of seeing her adopted son quarreling with her son-in-law.

But the placards announcing the establishment of the Universal Credit Company made their way into the provinces, and one morning Pierre found some stuck on the walls of his establishment. Seeing the name of Panine, and not that of Cayrol, Pierre shuddered. The unpleasant ideas which he experienced formerly when Herzog was introduced to the Desvarennes recurred to his mind. He wrote to the mistress to ask what was going on, and not receiving an answer, he started off without hesitation for Paris.

He found Madame Desvarennes in a terrible state of excitement. The shares had just fallen a hundred and twenty francs. A panic had ensued. The affair was considered as absolutely lost, and the shareholders were aggravating matters by wanting to sell out at once.

Savinien was just coming away from the mistress's room. He wanted to see the downfall of the Prince, whom he had always hated, looking upon him as a usurper of his own rights upon the fortune of the Desvarennes. He began lamenting to his aunt, when she turned upon him with unusual harshness, and he felt bound as he said, laughing, to leave the "funereal mansion."

Cayrol, as much interested in the affairs of the Prince as if they were his own, went backward and forward between the Rue Saint-Dominique and the Rue Taitbout, pale and troubled, but without losing his head. He had already saved the European Credit Company by separating it six weeks before from the Universal Credit Company, notwithstanding Madame Desvarennes's supplications to keep them together, in the hope that the one would save the other. But Cayrol, practical, clear, and implacable, had refused, for the first time, to obey Madame Desvarennes. He acted with the resolution of a captain of a vessel, who throws overboard a portion of the cargo to save the ship, the crew, and the rest of the merchandise. He did well, and the European Credit was safe. The shares had fallen a little, but a favorable reaction was already showing itself. The name of Cayrol, and his presence at the head of affairs, had reassured the public, and the shareholders gathered round him, passing a vote of confidence.

The banker, devoted to his task, next sought to save Panine, who was at that very moment robbing him of his honor and happiness in the house of the Avenue Maillot.

Pierre, Cayrol, and Madame Desvarennes met in Marechal's private office. Pierre declared that it was imperative to take strong measures and to speak to the Prince. It was the duty of the mistress to enlighten Panine, who was no doubt Herzog's dupe.

Madame Desvarennes shook her head sadly. She feared that Serge was not a dupe but an accomplice. And what could she tell him? Let him ruin himself! He would not believe her. She knew how he received her advice and bore her remonstrances.

An explanation between her and Serge was impossible, and her interference would only hurry him into the abyss.

"Well, then, I will speak to him," said Pierre, resolutely.

"No," said Madame Desvarennes, "not you! Only one here can tell him efficaciously what he must hear, and that is Cayrol. Let us above all things keep guard over our words and our behavior. On no account must Micheline suspect anything."

Thus, at the most solemn moments, when fortune and honor, perhaps, were compromised, the mother thought of her daughter's welfare and happiness.

Cayrol went up to the Prince's rooms. He had just come in, and was opening his letters, while having a cigarette in the smoking-room. A door, covered by curtains, led to a back stair which opened into the courtyard. Cayrol had gone up that way, feeling sure that by so doing he would not meet Micheline.

On seeing Jeanne's husband, Serge rose quickly. He feared that Cayrol had discovered everything, and instinctively stepped backward. The banker's manner soon undeceived him. He was serious, but not in a rage. He had evidently come on business.

"Well, my dear Cayrol," said the Prince, gayly, "what good fortune has brought you here?"

"If it is fortune, it is certainly not good fortune," answered the banker, gravely. "I wish to have some talk with you, and I shall be grateful if you will listen patiently."

"Oh! oh!" said Serge. "How serious you are. You have some heavy payments on hand, and want a little help, eh? I will speak to Herzog."

Cayrol looked at the Prince in amazement. So he did not suspect anything? Such carelessness and negligence frightened him. The banker resolved to proceed clearly, and without beating about the bush; to do away with such blind confidence a thunderbolt was necessary.

"I have not come about my business, but yours," returned Cayrol. "The Universal Credit Company is on the eve of disaster; there is still time for you to withdraw safely and soundly from the sinking wreck. I bring you the means."

Serge laughed.

"Thank you, Cayrol; you are very kind, my friend. I know your intentions are good, but I don't believe a word you are saying. You have come from Madame Desvarennes. You are both agreed that I shall give up the Universal Credit, but I will not yield to any pressure. I know what I am doing. Be easy."

And quietly lighting another cigarette, he gracefully puffed the smoke toward the ceiling. Cayrol did not trouble to argue, but took a newspaper from his pocket and handed it to Panine, simply saying, "Read!"

It was an article in a reliable financial paper prophesying the failure of the Universal Credit Company, and basing its statements on irrefutable calculations. Serge took the paper and looked over it. He turned pale and crushed it in his hand.

"What infamy!" cried he. "I know our adversaries are enraged. Yes, they know that our new company is destined to crush them in the future, and they are doing all they can to run us aground. Jealousy! Envy! There is no other foundation for these rumors, and they are unworthy a serious man's attention."

"There is neither envy nor jealousy. All is true," said Cayrol. "You will admit that I am your sincere friend? Well, I swear to you that the situation is terrible, and you must resign your directorship of the Universal Credit without loss of time. There's not a moment to lose. Sit down and write your resignation."

"Do you think I am a child to be led by the nose like that?" asked the Prince, in a passion. "If you are sincere, Cayrol, as I wish to believe, I also think you are a fool. You don't understand! As to drawing out of the company, never! I have a lot of money invested in it."

"Well, lose your money, Madame Desvarennes will pay you back. At least you can save your name."

"Ah, I see you are conniving with her!" exclaimed the Prince, loudly. "Don't tell me another word, I don't believe you. I shall go straight to the office, and I will speak to Herzog. We will take measures to prosecute the papers for libel if they dare to publish these untruths."

Cayrol saw that nothing would convince Panine. He hoped that an interview with Herzog would enlighten him. He left the matter to chance, as reasoning was of no avail, and went down to the mistress.

Serge drove to the Universal Credit Company. It was the first day in the new offices. Herzog had furnished them splendidly, thinking that this would give the shareholders a high opinion of the undertaking. How could they have any doubts when they saw such splendid furniture and large offices? How could they refuse to place their money in the hands of speculators that could cover their floors with such soft carpets? The porters, with their dark blue and red cloth liveries, and buttons with the company's monogram on them, answered inquiries with haughty condescension. Everything foretold success. It was in the air. You could hear the cashier shovelling heaps of gold. The people who had placed the Universal Credit Company on such a footing were either very powerful or very impudent.

Serge walked in, as he would have done at home, with his hat on, amid a number of small shareholders, who had come full of anxiety after reading the accounts in the newspapers, and who felt full of confidence after seeing the splendor of the place. Panine reached Herzog's office, but when about to open the door, loud voices struck his ear. The financier was arguing with a director, and Panine listened.

"The speculation is safe and sure," Herzog was saying. "The shares are low, I know, because I have ceased to keep them up. I have given orders in London, Vienna, and Berlin, and we are buying up all shares that are offered in the market. I shall then run the shares up again, and we shall realize an enormous sum. It is most simple."

"But it is shady," said the other voice.

"Why? I defend myself as I am attacked. The great banks seek to deteriorate my stock. I buy in, and take it out of my adversaries. Is it not just and lawful?"

Panine breathed freely and felt reassured. The depreciation was caused by Herzog; he had just said so. There was nothing to fear then. It was just a trick of Herzog's, and the company would come out brighter than ever.

Serge went in.

"Oh! here's Prince Panine," said Herzog. "Ask him what he thinks of the matter. I defer to his judgment."

"I don't want to know anything," said Serge. "I have full confidence in you, my dear manager, and our business will prosper in your hands, I am sure. Besides, I know the manoeuvres of our opponents, and I think every financial means justifiable to answer them."

"Ah! What did I say to you a few minutes ago?" cried Herzog, addressing his questioner in a tone of triumph. "Let me act and you will see. Besides, I don't want to keep you against your will," he added, harshly. "You are at liberty to withdraw from us if you like."

The other protested that what he had said was for the best interests of all concerned. He did not dream of leaving the company; on the contrary, they might rely on him. He appreciated the experience and ability of Herzog too well to separate his fortune from his friend's. And, shaking hands with the financier, he took his leave.

"Come! What is all this clamor in the newspapers?" asked Serge, when he found himself alone with Herzog. "Do you know that the articles published are very perfidious?"

"All the more perfidious because they are founded on truth," said the financier, coldly.

"What do you mean?" cried Serge, in alarm.

"The truth. Do you think I am to tell you lies as I did to that idiot who has just gone out? The Universal Credit has at this moment a screw loose. But patience! I have an idea, and in a fortnight the shares will have doubled in value. I have a splendid scheme in hand which will kill the gas companies. It is a plan for lighting by magnesium. Its effect will be startling. I shall publish sensational articles describing the invention in the London and Brussels papers. Gas shares will fall very low. I shall buy up all I can, and when I am master of the situation, I shall announce that the threatened gas companies are buying up the invention. Shares will rise again, and I shall realize a goodly sum, which will be for the benefit of the Universal Credit."

"But for such a formidable speculation foreign agents will require security?"

"I will offer it to them. I have here ten million francs' worth of shares in the European Credit belonging to Cayrol. We will give the cashier a joint receipt for them. The speculation will last three days. It is safe, and when the result is achieved we will replace the shares, and take back the receipt."

"But," asked Serge, "is this plan of taking the shares which don't belong to us legal?"

"It is a transfer," said Herzog, with simplicity. "Besides, don't forget that we have to do with Cayrol, that is to say with a partner."

"Suppose we tell him of it," insisted the Prince.

"No! The deuce! We should have to explain everything to him. He knows what's what, and would find the idea too good, and want a share of the spoil. No! Sign that, and don't be alarmed. The sheep will be back in the fold before the shepherd comes to count them."

A dark presentiment crossed Serge's mind, and he was afraid. At that moment, when his fate was being decided, he hesitated to go deeper into the rut where he had already been walking too long. He stood silent and undecided. Confused thoughts crowded his brain; his temples throbbed, and a buzzing noise sounded in his ears. But the thought of giving up his liberty, and again subjecting himself to Madame Desvarennes's protection was like the lash of a whip, and he blushed for having hesitated.

Herzog looked at him, and, smiling in a constrained way, said:

"You, too, may give up the affair if you like. If I share it with you it is because you are so closely allied to me. I don't so very much care to cut the pear in two. Don't think that I am begging of you to be my partner! Do as you like."

Serge caught hold of the paper and, having signed it, handed it to the financier.

"All right," said Herzog. "I shall leave to-night and be absent three days. Watch the money market. You will see the results of my calculations."

And shaking hands with the Prince, Herzog went to the cashier to get the scrip and deposit the receipt.



CHAPTER XIX

SIN GROWS BOLDER

There was a party at Cayrol's. In the drawing-rooms of the mansion in the Rue Taitbout everything was resplendent with lights, and there was quite a profusion of flowers. Cayrol had thought of postponing the party, but was afraid of rousing anxieties, and like an actor who, though he has just lost his father, must play the following day, so Cayrol gave his party and showed a smiling face, so as to prevent harm to his business.

Matters had taken a turn for the worse during the last three days. The bold stroke, to carry out which Herzog had gone to London so as to be more secret, had been got wind of. The fall of the shares had not taken place. Working with considerable sums of money, the loss on the difference was as great as the gains would have been. The shares belonging to the European Credit Company had defrayed the cost of the game. It was a disaster. Cayrol, in his anxiety, had applied for the scrip and had only found the receipt given to the cashier. Although the transaction was most irregular, Cayrol had not said anything; but, utterly cast down, had gone to Madame Desvarennes to tell her of the fact.

The Prince was in bed, pretending to be ill. His wife, happily ignorant of all that was going on, rejoiced secretly at his indisposition because she was allowed to nurse him and have him all to herself. Panine, alarmed at the check they had experienced, was expecting Herzog with feverish impatience, and to keep out of sight had chosen the privacy of his own room.

Still, Cayrol had been allowed to see him, and with great circumspection told him that his non-appearance at the same time that Herzog was absent was most fatal for the Universal Credit Company. It was absolutely necessary that he should be seen in public. He must come to his party, and appear with a calm face. Serge promised to come, and had imposed on Micheline the heavy task of accompanying him to Jeanne's. It was the first time since her return from Nice that she had entered the house of her husband's mistress.

The concert was over, and a crowd of guests were coming from the large drawing-room to the boudoir and little drawing-room.

"The symphony is over. Ouf!" said Savinien, yawning.

"You don't like music?" asked Marechal, with a laugh.

"Yes, military music. But two hours of Schumann and Mendelssohn at high pressure is too much for one man. But I say, Marechal, what do you think of Mademoiselle Herzog's being at Cayrol's soiree. It is a little too strong."

"How so?"

"Why, the father has bolted, and the daughter is preparing a dance. Each has a different way of using their feet."

"Very pretty, Monsieur Desvarennes, but I advise you to keep your flashes of wit to yourself," said Marechal, seriously. "That may not suit everybody."

"Oh, Marechal, you, too, making a fuss!"

And turning on his heel, he went to the refreshment table.

Prince and Princess Panine were just coming in. Micheline was smiling, and Serge was pale, though calm. Cayrol and Jeanne came toward them. Everybody turned to look at them. Jeanne, without embarrassment, shook hands with her friend. Cayrol bowed respectfully to Micheline.

"Princess," he said, "will you honor me by taking my arm? You are just in time, they are going to begin dancing."

"Not myself, though, thank you," replied Micheline, with a sad smile, "I am still very weak, but I will look on."

And on Cayrol's arm she entered the large drawing-room. Serge followed with Jeanne.

The festivities were at their height. The orchestra was playing a waltz, and in a whirl of silk and gauze the young people seemed to be thoroughly enjoying themselves.

Suzanne Herzog was sitting alone near a window, in a simple white dress, and without a single ornament. Marechal had just approached her, and she had welcomed him with a smile.

"Are you not dancing to-night, Mademoiselle?" he asked.

"I am waiting to be invited," she answered, sadly, "and, like sister Anne, I see nobody coming. There are ugly reports abroad about my father's fortune, and the Argonauts are drawing off."

"Will you give me a dance?" said Marechal. "I don't dance to perfection, never having practised much, but with a good will."

"Thank you, Monsieur Marechal, I would rather talk. I am not very cheerful to-night, and, believe me, I only came because Madame Desvarennes wished it. I would rather have remained at home. Business has gone wrong with my father by what I can hear, for I don't know what goes on at the office. I feel more inclined to cry than to laugh. Not that I regret the loss of money, you know; I don't care for it, but my father must be in despair."

Marechal listened silently to Suzanne, not daring to tell her what he thought of Herzog, and respected the real ignorance or willing blindness of the young girl who did not doubt her father's loyalty.

The Princess, leaning on Cayrol's arm, had just finished promenading round the rooms, when she perceived Suzanne and, leaving the banker, came and seated herself beside her. Many of the guests looked at each other and whispered words which Micheline did not hear, and if she had heard would not have understood. "It is heroic!" some said. Others answered, "It is the height of impudence."

The Princess was talking with Suzanne and was looking at her husband who, leaning against a door, was following Jeanne with his eyes.

At a sign from Cayrol, Marechal left the room. The secretary joined Madame Desvarennes, who had come with Pierre and had remained in Cayrol's private office. During this party matters of moment were to be discussed, and a consultation was about to take place between the interested parties. On seeing Marechal enter, Madame only uttered one word:

"Cayrol?"

"Here he is," answered the secretary.

Cayrol came in, hurriedly.

"Well," he asked, with great anxiety, "have you any news?"

"Pierre has just come from London," answered the mistress. "What we feared is true. Herzog, conjointly with my son-in-law, has made use of the ten millions belonging to the European Credit."

"Do you think that Herzog has really bolted?" inquired Marechal.

"No! he is too deep for that," replied Cayrol. "He will return. He knows that in compromising the Prince it is as if he had compromised the firm of Desvarennes, therefore he is quite easy on the matter."

"Can the one be saved without the other?" asked the mistress.

"It is impossible. Herzog has so firmly bound up his interests with those of the Prince that it will be necessary to extricate both or let both perish together."

"Well, we must save Herzog into the bargain, then!" said Madame Desvarennes, coldly. "But by what means?"

"These," answered Cayrol. "The shares taken away by Herzog, under the security of the Prince's signature, were deposited by the shareholders. When the Universal Credit removed to its new offices, these shares were taken away by mistake. It will suffice to replace the scrip. I will give back the receipt to the Prince and all trace of this deplorable affair will be wiped out."

"But the numbers of the shares will not be the same," said Madame Desvarennes, accustomed to minute regularity in all operations.

"We can explain the change by feigning a sale when they were high, and buying them up when low. We will show a profit, and the shareholders will not quarrel. Besides, I reserve the right of divulging Herzog's fraud without implicating Panine, if the shareholders insist. Trust me, I will catch Herzog another time. It is my stupid confidence in that man which has been partly the cause of this disaster. I will make your business mine and force him to shell out. I shall leave for London to-night, by the 1.50 train. Promptness of action in such a case is the first step toward success."

"Thank you, Cayrol," said the mistress. "Have my daughter and the Prince arrived?"

"Yes, Serge is calm; he has more power over himself than I could have believed."

"What does it matter to him what is going on? Is it he who will feel the blow? No. He knows that I shall go on working to keep him in idleness and maintain him in luxury. I may think myself lucky if he is reclaimed by this hard lesson, and does not again begin to rummage in other people's safes, for then I should be unable to save him."

The mistress rose and, with flashing eyes, walked up and down the room.

"Oh, the wretch!" she said. "If ever my daughter ceases to come between him and me!"

A terrible gesture finished the sentence.

Cayrol, Marechal, and Pierre looked at each other. The same thought came to their minds, dark and fearful. In a paroxysm of rage this fond mother, this energetic and passionate woman, would be capable of killing any one.

"You remember what I told you one day," murmured Marechal, approaching Cayrol.

"I would prefer the hatred of ten men to that of such a woman," answered Cayrol.

"Cayrol!" continued Madame Desvarennes, after a few moments of meditation, "the conduct of the business of which you spoke to us a little while ago depends solely on you, does it not?"

"On me alone."

"Do it at once, then, cost me what it may. Has it been noised abroad?"

"No one has the slightest suspicion. I have not mentioned it to a living soul," said the banker—"except to my wife," added he with a frankness which drew a smile from Pierre. "But my wife and I are one."

"What did she say?" asked Madame Desvarenes, looking straight at Cayrol.

"If I had been the person concerned," he said, "she could not possibly have been more affected. She loves you so much, Madame, you and those belonging to you. She besought me to do all in my power to get the Prince out of this scrape. She had tears in her eyes: And, truly, if I did not feel bound to serve you from gratitude I would do it for her sake and to give her pleasure. I was touched, I can assure you. Really, she has a heart!"

Marechal exchanged a look with Madame Desvarennes, who advanced toward the banker, and shook him by the hand, saying:

"Cayrol, you are truly a good man!"

"I know it," said Cayrol, smiling to hide his emotion, "and you may rely upon me."

Micheline appeared on the threshold of the room. Through the half-open door the dancers could be seen passing to and fro, and the sound of music floated in the air.

"What has become of you, mamma? I hear that you have been here for more than an hour."

"I was talking on business matters with these gentlemen," answered Madame Desvarennes, smoothing from her brow the traces of her cares by an effort of will. "But you, dear, how do you feel? Are you not tired?"

"Not more so than usual," replied Micheline, looking round to follow the movements of her husband, who was trying to reach Jeanne.

"Why did you come to this party? It was unwise."

"Serge wished me to come, and I did not care to let him come without me."

"Eh! dear me!" exclaimed Madame Desvarennes. "Let him do what he likes. Men are savages. When you are ill it won't hurt him."

"I am not ill, and I won't be," resumed Micheline, warmly. "We are going away now."

She motioned to Serge with her fan. Panine came to her.

"You will take me home, won't you, Serge?"

"Certainly, dear one," answered Serge.

Jeanne, who was listening at a distance, raised her hand to her forehead as a sign that she wanted him. A feeling of surprise came over the Prince, and he did not understand what she meant. Micheline had seen the sign. A deadly pallor spread over her features, and a cold perspiration broke out on her forehead. She felt so ill that she could have cried out. It was the first time she had seen Serge and Jeanne together since the dreadful discovery at Nice. She had avoided witnessing their meeting, feeling uncertain of herself, and fearing to lose her self-control. But seeing the two lovers before her, devouring each other with their looks, and making signs to each other, made her feel most terribly jealous and angry.

Serge had decided to obey the imperious signs which Jeanne made to him, and turning toward his wife, said:

"I remember now, my dear, that before going home I must call at the club. I promised, and cannot put it off. Excuse my not going with you, and ask your mother to accompany you."

"Very well," said Micheline, in a trembling voice. "I will ask her. You are not going just yet?"

"In a moment."

"I, too, shall leave in a moment."

The young wife did not want to lose one detail of the horrible comedy being played under her very eyes. She remained to learn, unawares, the reason for which Jeanne kept her husband.

Not thinking that he was watched, Serge had gone across to Jeanne, and affecting a smile, inquired:

"What is the matter?"

"Serious news." And she explained that she must speak to her lover that evening.

"Where?" Serge asked, with astonishment.

"Here," answered Jeanne.

"But your husband?" the Prince said.

"Is leaving in an hour. Our guests will not remain late. Go to the garden, and wait in the pavilion. The door of the back stairs leading to my dressing-room will be open. When everybody has gone, come up."

"Take care; we are observed," said Serge, uneasily.

And they began to laugh with affectation and talked aloud about frivolous things, as if nothing serious were occupying their thoughts. Cayrol had come back again. He went up to Madame Desvarennes, who was talking with her daughter, and, full of business, thoughtlessly said:

"I will telegraph you as soon as I reach London."

"Are you going away?" inquired Micheline, a light dawning on her mind.

"Yes," said Cayrol; "I have an important matter to settle."

"And when do you start?" continued Micheline, in such a changed voice that her mother was frightened.

"In a moment," answered the banker. "Allow me to leave you. I have several orders to give."

And leaving the boudoir, he regained the little drawing-room.

Micheline, with clinched hands and fixed gaze, was saying to herself:

"She will be alone to-night, and has asked him to come to her. He told me an untruth about his having to go to the club. He is going to see her!"

And passing her hand across her brow, as if to drive away an unpleasant thought, the young wife remained silent, dismayed and crushed.

"Micheline, what is the matter with you?" asked Madame Desvarennes, seizing her daughter's hand, which was icy cold.

"Nothing," stammered Micheline.

"You are ill, I see. Come, let us go home. Come and kiss Jeanne—"

"I!" cried Micheline, with horror, instinctively recoiling as if dreading some impure contact.

Madame Desvarennes became suddenly cold and calm. She foresaw a terrible revelation, and observing her daughter narrowly, said:

"Why do you cry out when I speak of your kissing Jeanne? Whatever is the matter?"

Micheline grasped her mother's arm, and pointed to Serge and Jeanne, who were in the little drawing-room, laughing and talking, surrounded by a group of people, yet alone.

"Look at them!" she cried.

"What do you mean?" exclaimed the mother in agony. She read the truth in her daughter's eyes.

"You know—" she began.

"That he is her lover," cried Micheline, interrupting her. "Don't you see that I am dying through it?" she added, sobbing bitterly and falling into her mother's arms.

The mistress carried her as if she had been a child into Cayrol's private office, and shut the door. Then, kneeling beside the couch on which Micheline was stretched, she gave vent to her grief. She begged her daughter to speak to her, and warmed her hands with kisses; then, seeing her still cold and motionless, she was frightened, and wanted to call for help.

"No; be quiet!" murmured Micheline, recovering. "Let no one know. I ought to have held my peace; but I have suffered so much I could not help myself.

"My life is blasted, you see. Take me away; save me from this infamy! Jeanne, my sister, and Serge. Oh! make me forget it! For pity's sake, mamma, you who are so strong, you who have always done what you wished, take from my heart all the pain that is there!"

Madame Desvarennes, overcome by such a load of grief, lost command of herself, and, quite brokenhearted, began to cry and moan.

"O God! Micheline, my poor child! you were suffering so and did not tell me. Oh! I knew you no longer trusted your old mother. And I stupidly did not guess it! I said to myself, at least she knows nothing about it, and sacrificed everything to keep the knowledge of their wrong-doing from you. Don't cry any more, darling, you will break my heart. I, who would have given up everything in the world to see you happy! Oh, I have loved you too much! How I am punished!"

"It is I who am punished," said Micheline, sobbing, "for not obeying you. Ah! children ought always to heed their mother. She divines the danger. Is it not too horrible, mamma? I, who have sacrificed everything for him, to think that he does not love me, and never will love me! What will my life be without confidence, hope, or affection? I am too unhappy. It would be better to die!"

"Die! you!" cried her mother, whose eyes, wet with tears, dried in a moment, as if by an inward fire. "Die! Come, don't talk such nonsense! Because a man treats you with scorn and betrays you? Are men worth dying for? No, you shall live, my darling, with your old mother. You shall have a deed of separation from your husband."

"And he will be free," exclaimed Micheline, angrily. "He will go on loving her! Oh! I cannot bear that thought. Do you know, what I am going to tell you seems awful. I love him so much, that I would rather see him dead than unfaithful."

Madame Desvarennes was struck, and remained silent. Serge dead! That idea had already occurred to her as a dream of deliverance. It came upon her peremptorily, violently, irresistibly. She repelled it with an effort.

"I can never think of him but as vile and odious," continued Micheline. "Every day his sin will seem more dastardly and his hypocrisy more base. There, a little while ago, he was smiling; and do you know why? Because Cayrol is going away, and during his absence Serge will return here tonight."

"Who told you?"

"I read it in his joyful looks. I love him. He cannot hide anything from me. A traitor to me, and a traitor toward his friend, that is the man whom—I am ashamed to own it—I love!"

"Compose yourself! Someone is coming," said Madame Desvarennes, and at the same time the door opened and Jeanne appeared, followed by Marechal, who was anxious at their disappearance.

"Is Micheline ill?" inquired Madame Cayrol, coming forward.

"No; it is nothing. Just a little fatigue," said Madame Desvarennes. "Marechal, give my daughter your arm, and take her to her carriage. I shall be down in a minute."

And holding Jeanne by the hand to prevent her following Micheline, she added:

"Stay; I have something to say to you."

Jeanne looked surprised. Madame Desvarennes was silent for a moment. She was thinking about Serge coming there that night. She had only to say one word to Cayrol to prevent his going away. The life of this wretch was entirely in her hands then! But Jeanne! Was she going to ruin her? Had she the right thus to destroy one who had struggled and had defended herself? Would it be just? Jeanne had been led on against her will. She must question her. If the poor girl were suffering, if she repented, she must spare her.

Madame Desvarennes, having thus made up her mind, turned toward Jeanne who was waiting.

"It is a long time since I have seen you, my dear, and I find you happy and smiling. It is the first time since your marriage that you have seemed so happy."

Jeanne looked at the mistress without answering. In these words she detected irony.

"You have found peace," continued Madame Desvarennes, looking steadfastly at Jeanne with her piercing eyes. "You see, my dear, when you have a clear conscience—for you have nothing to reproach yourself with?"

Jeanne saw in this sentence a question and not an affirmation. She answered, boldly:

"Nothing!"

"You know that I love you, and would be most lenient," continued Madame Desvarennes, sweetly, "and that you might safely confide in me!"

"I have nothing to fear, having nothing to tell," said Jeanne.

"Nothing?" repeated the mistress, with emphasis.

"Nothing," affirmed Jeanne.

Madame Desvarennes once more looked at her adopted daughter as if she would read her very soul. She found her quite calm.

"Very well, then!" said she, hastily walking toward the door.

"Are you going already?" asked Jeanne, offering her brow to Madame Desvarennes's lips.

"Yes, good-by!" said the latter, with an icy kiss.

Jeanne, without again turning round, went into the drawing-room. At the same moment, Cayrol, in a travelling-coat, entered the office, followed by Pierre.

"Here I am, quite ready," said the banker to Madame Desvarennes. "Have you any new suggestion to make to me, or anything else to say?"

"Yes," replied Madame Desvarennes, in a stern voice which made Cayrol start.

"Then make haste. I have only a moment to spare, and you know the train waits for no one."

"You will not go!"

Cayrol, in amazement, answered:

"Do you mean it? Your interests are at stake yonder."

"Your honor is in danger here," cried the mistress, vehemently.

"My honor!" repeated Cayrol, starting back. "Madame, do you know what you are saying?"

"Ay!" answered Madame Desvarennes. "And do you remember what I promised you? I undertook to warn you, myself, if ever the day came when you would be threatened."

"Well?" questioned Cayrol, turning quite livid.

"Well! I keep my promise. If you wish to know who your rival is, come home to-night."

Some inaudible words rattled in Cayrol's throat.

"A rival! in my house! Can Jeanne be guilty? Do you know, if it is true I will kill them both!"

"Deal with them as your conscience dictates," said Madame Desvarennes. "I have acted according to mine."

Pierre, hitherto dumb with horror at the scene of which he had been a witness, shook off his stupor, and going up to Madame Desvarennes, said:

"Madame, do you know that what you have just done is frightful!"

"How? That man will be acting within his rights the same as I am. They are seeking to take away his wife, and they are killing my daughter, and dishonoring me! We are defending ourselves! Woe to those who are guilty of the crime!"

Cayrol had fallen, as if thunderstruck, on a chair, with haggard eyes; his voice was gone, and he looked the image of despair. Madame Desvarennes's words came back to him like the refrain of a hated song. To himself he kept repeating, without being able to chase away the one haunting thought: "Her lover, to-night, at your house!" He felt as if he were going mad. He was afraid he should not have time to wreak his vengeance. He made a terrible effort, and, moaning with grief, he arose.

"Take care!" said Pierre. "Here's your wife."

Cayrol eyed Jeanne, who was approaching. Burning tears came to his eyes. He murmured:

"She, with a look so pure, and a face so calm! Is it possible?"

He nodded a farewell to Pierre and Madame Desvarennes, who were leaving, and recovering himself, advanced to meet Jeanne.

"Are you off?" she inquired. "You know you have no time to lose!"

Cayrol shuddered. She seemed anxious to get rid of him.

"I have still a few minutes to spend with you," he said, with emotion. "You see, Jeanne, I am sad at going away alone. It is the first time I have left you. In a moment our guests will be gone—I beg of you, come with me!"

Jeanne smiled. "But you see, dear, I am in evening dress."

"The night of our marriage I brought you away from Cernay like that. Wrap yourself up in your furs, and come! Give me this proof of affection. I deserve it. I am not a bad man—and I love you so!"

Jeanne frowned. This pressing vexed her.

"This is childish," she said. "You will return the day after tomorrow, and I am tired. Have some pity for me."

"You refuse?" asked Cayrol, becoming gloomy and serious.

Jeanne touched his face slightly with her white hand.

"Come! Don't leave me in a temper! You won't miss me much, you will sleep all the way. Good-by!"

Cayrol kissed her; in a choking voice, he said:

"Good-by!"

And he left her.

Jeanne's face brightened, as she stood listening for a moment and heard the carriage which contained her husband rolling away. Uttering a sigh of relief, she murmured:

"At last!"



CHAPTER XX

THE CRISIS

Jeanne had just taken off her ball-dress to put on a dressing-gown of Oriental cloth richly embroidered with silk flowers. Leaning her elbows on the mantelpiece, and breathing heavily, she was waiting. Her maid came in, bringing a second lamp. The additional light displayed the rich warm hangings of ruby plush embroidered in dull gold. The bed seemed one mass of lace.

"Has everybody gone?" asked Jeanne, pretending to yawn.

"Messieurs Le Brede and Du Tremblay, the last guests, are just putting on their overcoats," answered the maid. "But Monsieur Pierre Delarue has come back, and is asking whether Madame will speak with him for a moment."

"Monsieur Delarue?" repeated Jeanne, with astonishment.

"He says he has something important to say to Madame."

"Where is he?" asked Jeanne.

"There, in the gallery. The lights were being put out in the drawing-room."

"Well, show him in."

The maid went out. Jeanne, much puzzled, asked herself, what could have brought Pierre back? It must certainly be something very important. She had always felt somewhat awed in Pierre's presence. At that moment the idea of being face to face with the young man was most distressing to her.

A curtain was lifted and Pierre appeared. He remained silent and confused at the entrance of the room, his courage had deserted him.

"Well," said Jeanne, with assumed stiffness, "whatever is the matter, my friend?"

"The matter is, my dear Jeanne," began Pierre, "that—"

But the explanation did not seem so very easy to give, for he stopped and could not go on.

"That?" repeated Madame Cayrol.

"I beg your pardon," resumed Pierre. "I am greatly embarrassed. In coming here I obeyed a sudden impulse. I did not think of the manner in which I should tell you what I have to say, and I see that I shall have to run a great risk of offending you."

Jeanne assumed a haughty air.

"Well, but, my dear friend, if what you have to say is so difficult, don't say it."

"Impossible!" retorted Pierre. "My silence would cause irreparable mischief. In mercy, Jeanne, make my task easier! Meet me half way! You have projects for to-night which are known. Danger threatens you. Take care!"

Jeanne shuddered. But controlling herself, she answered, laughing nervously:

"What rubbish are you talking about? I am at home, surrounded by my servants, and I have nothing to fear. I beg of you to believe me."

"You deny it!" exclaimed Pierre. "I expected as much. But you are only taking useless trouble. Come, Jeanne, I am the friend of your childhood; you have no reason to fear aught from me. I am only trying to be of use to you. You must know that, by my coming here, I know all. Jeanne, listen to me!"

"Are you mad?" interrupted the young woman, proudly, "or are you taking part in some absurd joke?"

"I am in my right mind, unfortunately for you!" said Pierre, roughly, seeing that Jeanne refused to believe him. "And there is no joke in the matter. Everything is true, serious and terrible! Since you compel me to say things which may be unpalatable, they must out. Prince Panine is in your house, or he soon will be. Your husband, whom you think far away, is within call, perhaps, and will come and take you unawares. Is not that a serious matter?"

A frown overspread her face, and in an ungovernable rage she stepped forward, determined not to give in, and exclaimed:

"Go away! or I shall call for assistance!"

"Don't call, it would look bad!" resumed Pierre, calmly. "On the contrary, let the servants get out of the way, and get the Prince to go if he be here, or if he has not yet arrived, prevent his coming in. So long as I remain here you will dissimulate your fear and will not take any precautions. I will leave you, then. Adieu, Jeanne! Believe that I wished to render you a service, and be sure that when I have crossed the threshold of this door I shall have forgotten everything that I may have said."

Pierre bowed, and, lifting the heavy curtain which hid the door leading to the gallery, went out.

He had hardly gone when the opposite door opened, and Serge entered the room. The young woman rushed into his arms and whispered into his ear, with trembling lips:

"Serge, we are lost!"

"I was there," answered Panine. "I heard all."

"What shall we do?" cried Jeanne, terrified.

"Go away at once. To remain here a moment longer is an imprudence."

"And I, if I remain, what shall I say to Cayrol when he comes?"

"Your husband!" said Serge, bitterly. "He loves you, he will forgive you."

"I know; but then we two shall be separated for ever. Is that what you desire?"

"And what can I do?" cried Serge, in despair. "Everything around me is giving way! Fortune, which has been my one aim in life, is escaping from me. The family which I have scorned is forsaking me. The friendship which I have betrayed overwhelms me. There is nothing left to me."

"And my love, my devotion?" exclaimed Jeanne, passionately. "Do you think that I will leave you? We must go away. I asked you long ago. You resisted; the moment has now come. Be easy! Madame Desvarennes will pay and save your name. In exchange you will give her back her daughter. You don't care about her, because you love me. I am your real wife; she who ought to share your life. Well, I take back my rights. I pay for them with my honor. I break all ties which could hold me back. I am yours, Serge! Our sin and misfortune will bind us more closely than any laws could."

"Think, that with me you will have to endure poverty, and, perhaps, misery," said the Prince, moved by the young woman's infatuation.

"My love will make you forget everything!"

"You will not feel regret or remorse?"

"Never, so long as you love me."

"Come, then," said the Prince, taking Jeanne in his arms. "And if life is too hard—"

"Well," added Jeanne, finishing the sentence with sparkling eyes, "we will seek refuge together in death! Come!"

Serge bolted the door, through which Pierre had passed, and which alone communicated with the other apartments. Then, taking his mistress by the hand, he went with her into the dressing-room. Jeanne threw a dark cloak round her shoulders, put a hat on her head, and without taking either money, jewels, lace, or, in fact, anything that she had received from Cayrol, they went down the little back stairs.

It was very dark. Jeanne did not take a light, as she did not care to attract attention, so they had to feel every step of the way as quietly as possible, striving not to make the least noise, holding their breath, and with beating hearts. When they reached the bottom of the stairs, Jeanne stretched out her hand, and sought the handle of the door which opened into the courtyard. She turned it, but the door would not open. She pushed, but it did not give way. Jeanne uttered a low groan. Serge shook it vigorously, but it would not open.

"It has been fastened on the outside," he whispered.

"Fastened?" murmured Jeanne, seized with fear. "Fastened, and by whom?"

Serge did not answer. The idea that Cayrol had done it came to his mind at once. The husband lying in wait, had seen him enter, and to prevent his escaping from his vengeance had cut off all means of retreating.

Silently, they went upstairs again, into the room through the dressing-room. Jeanne took off her bonnet and cloak, and sank into an armchair.

"I must get away!" said Serge, with suppressed rage; and he walked toward the door of the gallery.

"No! don't open that," cried Jeanne, excitedly.

And with a frightened look, she added:

"What if he were behind the door?"

At the same moment, as if Jeanne's voice had indeed evoked Cayrol, a heavy step was heard approaching along the gallery, a hand tried to open the bolted door. Serge and Jeanne remained motionless, waiting.

"Jeanne!" called the voice of Cayrol from the outside, sounding mournfully in the silence, "Jeanne, open!"

And with his fist he knocked imperatively on the woodwork.

"I know you are there! Open, I say!" he cried, with increasing rage. "If you don't open the door, I'll—"

"Go! I beseech you!" whispered Jeanne, in Panine's ear. "Go downstairs again, and break open the door. You won't find any one there now."

"Perhaps he has stationed some one there," answered Serge. "Besides, I won't leave you here alone exposed to his violence."

"You are not alone. I can hear you talking!" said Cayrol, beside himself. "I shall break open this door!"

The husband made a tremendous effort. Under the pressure of his heavy weight the lock gave way. With a bound he was in the middle of the room. Jeanne threw herself before him; she no longer trembled. Cayrol took another step and fixed his glaring eyes on the man whom he sought, uttering a fearful oath.

"Serge!" cried he. "I might have guessed it. It is not only money of which you are robbing me, you villain!"

Panine turned horribly pale, and advanced toward Cayrol, despite Jeanne, who was clinging to him.

"Don't insult me; it is superfluous," said he. "My life belongs to you; you can take it. I shall be at your service whenever you please."

Cayrol burst into a fearful laugh.

"Ah! a duel! Come! Am I a gentleman? I am a plebeian! a rustic! a cowherd! you know that! I have you now! I am going to smash you!"

He looked round the room as if seeking a weapon, and caught sight of the heavy fire-dogs. He caught up one with a cry of triumph, and, brandishing it like a club, rushed at Serge.

More rapid than he, Jeanne threw herself before her lover. She stretched out her arms, and with a sharp voice, and the look of a she-wolf defending her cubs,

"Keep behind me," said she to Serge; "he loves me and will not dare to strike!"

Cayrol had stopped. At these words he uttered a loud cry: "wretched woman! You first, then!"

Raising his weapon, he was about to strike, when his eyes met Jeanne's. The young woman was smiling, happy to die for her lover. Her pale face beamed from out her black hair with weird beauty. Cayrol trembled. That look which he had loved, would he never see it again? That rosy mouth, whose smile he cherished, would it be hushed in death? A thousand thoughts of happy days came to his mind. His arm fell. A bitter flood rushed from his heart to his eyes; the iron dropped heavily from his hand on to the floor, and the poor man, overcome, sobbing, and ashamed of his weakness, fell senseless on a couch.

Jeanne did not utter a word. By a sign she showed Serge the door, which was open, and with a swollen heart she leaned on the mantelpiece, waiting for the unfortunate man, from whom she had received such a deep and sad proof of love, to come back to life.

Serge had disappeared.



CHAPTER XXI

"WHEN ROGUES FALL OUT"

The night seemed long to Madame Desvarennes. Agitated and feverish, she listened through the silence, expecting every moment to hear some fearful news. In fancy she saw Cayrol entering his wife's room like a madman, unawares. She seemed to hear a cry of rage, answered by a sigh of terror; then a double shot resounded, the room filled with smoke, and, struck down in their guilty love, Serge and Jeanne rolled in death, interlaced in each other's arms, like Paolo and Francesca de Rimini, those sad lovers of whom Dante tells us.

Hour after hour passed; not a sound disturbed the mansion. The Prince had not come in. Madame Desvarennes, unable to lie in bed, arose, and now and again, to pass the time, stole on tiptoe to her daughter's room. Micheline, thoroughly exhausted with fatigue and emotion, had fallen asleep on her pillow, which was wet with tears.

Bending over her, by the light of the lamp, the mistress gazed at Micheline's pale face, and a sigh rose to her lips.

"She is still young," she thought; "she may begin life afresh. The remembrance of these sad days will be wiped out, and I shall see her revive and smile again. That wretch was nearly the death of her."

And the image of Serge and Jeanne stretched beside each other in the room full of smoke came before her eyes again. She shook her head to chase the importunate vision away, and noiselessly regained her own apartment.

The day dawned pale and bleak. Madame Desvarennes opened her window and cooled her burning brow in the fresh morning air. The birds were awake, and were singing on the trees in the garden.

Little by little, the distant sound of wheels rolling by was heard. The city was awakening from its sleep.

Madame Desvarennes rang and asked for Marechal. The secretary appeared instantly. He, too, had shared the anxieties and fears of the mistress, and had risen early. Madame Desvarennes greeted him with a grateful smile. She felt that she was really loved by this good fellow, who understood her so thoroughly. She begged him to go to Cayrol's, and gain some information, without giving him further details, and she waited, walking up and down the room to calm the fever of her mind.

On leaving the house in the Rue Taitbout, Serge felt bewildered, not daring to go home, and unable to decide on any plan; yet feeling that it was necessary to fix on something without delay, he reached the club. The walk did him good, and restored his physical equilibrium. He was thankful to be alive after such a narrow escape. He went upstairs with a comparatively light step, and tossed his overcoat to a very sleepy footman who had risen to receive him. He went into the card-room. Baccarat was just finishing. It was three o'clock in the morning. The appearance of the Prince lent the game a little fresh animation. Serge plunged into it as if it were a battle. Luck was on his side. In a short time he cleared the bank: a thousand louis. One by one the players retired. Panine, left alone, threw himself on a couch and slept for a few hours, but it was not a refreshing sleep. On the contrary, it made him feel more tired.

The day servants disturbed him when they came in to sweep the rooms and open the windows. He went into the lavatory, and there bathed his face. When his ablutions were over he wrote a note to Jeanne, saying that he had reflected, and could not possibly let her go away with him. He implored her to do all in her power to forget him. He gave this letter to one of the messengers, and told him to give it into the hands of Madame Cayrol's maid, and to none other.

The care of a woman and the worry of another household seemed unbearable to him. Besides, what could he do with Jeanne? The presence of his mistress would prevent his being able to go back to Micheline. And now he felt that his only hope of safety was in Micheline's love for him.

But first of all he must go and see if Herzog had returned, and ascertain the real facts of the position in regard to the Universal Credit Company.

Herzog occupied a little house on the Boulevard Haussmann, which he had hired furnished from some Americans. The loud luxury of the Yankees had not frightened him. On the contrary, he held that the gay colors of the furniture and the glitter of the gilded cornices were bound to have a fascination for prospective shareholders. Suzanne had reserved a little corner for herself, modestly hung with muslin and furnished with simple taste, which was a great contrast to the loud appearance of the other part of the house.

On arriving, Serge found a stableman washing a victoria. Herzog had returned. The Prince quietly went up the steps, and had himself announced.

The financier was sitting in his study by the window, looking through the newspapers. When Serge entered he rose. The two men stood facing each other for a moment. The Prince was the first to speak.

"How is it that you have kept me without news during your absence?" asked he, harshly.

"Because," replied Herzog, calmly, "the only news I had was not good news."

"At least I should have known it."

"Would the result of the operation have been different?"

"You have led me like a child in this affair," Serge continued, becoming animated. "I did not know where I was going. You made me promises, how have you kept them?"

"As I was able," quietly answered Herzog. "Play has its chances. One seeks Austerlitz and finds Waterloo."

"But," cried the Prince, angrily, "the shares which you sold ought not to have gone out of your hands."

"You believed that?" retorted the financier, ironically. "If they ought not to have gone out of my hands it was hardly worth while putting them into them."

"In short," said Panine, eager to find some responsible party on whom he could pour out all the bitterness of his misfortune, "you took a mean advantage of me."

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