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He had been strongly tempted, when the debt rose to the figure it had attained, to risk a change of luck; but whatever his imprudence, he was incapable of dishonesty. If the luck did not change, and he lost more, he would be without means to meet his obligations. As the debt now stood, he calculated that he could just discharge it by the sale of his coupé and horses. It is no wonder he left his letters unopened, however charming they might be; he was quite sure they would contain no cheque which would enable him to pay his debt and retain his equipage.

The door opened, and the valet announced M. le Chevalier de Finisterre-a man with smooth countenance and air distingué, a pleasant voice and perpetual smile.

"Well, mon cher," cried the Chevalier, "I hope that you recovered the favour of Fortune before you quitted her green table last night. When I left she seemed very cross with you."

"And so continued to the end," answered Alain, with well-simulated gaiety-much too bon gentilhomme to betray rage or anguish for pecuniary loss.

"After all," said De Finisterre, lighting his cigarette, "the uncertain goddess could not do you much harm; the stakes were small, and your adversary, the Prince, never goes double or quits."

"Nor I either. 'Small,' how ever, is a word of relative import; the stakes might be small to you, to me large. Entre nous, cher ami, I am at the end of my purse, and I have only this consolation-I am cured of play; not that I leave the complaint, the complaint leaves me; it can no more feed on me than a fever can feed on a skeleton." "Are you serious?"

"His all? Tut, with such an estate as Rochebriant!"

For the first time in that talk Alain's countenance became overcast.

"And how long will Rochebriant be mine? You know that I hold it at the mercy of the mortgagee, whose interest has not been paid, and who could, if he so pleased, issue notice, take proceedingsthat

"Peste!" interrupted De Finisterre; "Louvier take proceedings! Louvier, the best fellow in the world! But don't I see his handwriting on that envelope? No doubt an invitation to dinner."

Alain took up the letter thus singled forth from a miscellany of epistles, some in female handwritings, unsealed but ingeniously twisted into Gordian knots-some also in female handwritings, carefully sealed-others in ill-looking envelopes, addressed in bold, legible, clerk-like caligraphy. Taken altogether, these epistles had a character in common; they betokened the correspondence of a viveur, regarded from the female side as young, handsome, well- born; on the male side, as a viveur who had forgotten to pay his hosier and tailor.

Louvier wrote a small, not very intelligible, but very masculine hand, as most men who think cautiously and act promptly do write. The letter ran thus :

"Cher petit Marquis," (at that commencement Alain haughtily raised his head and bit his lips).

"Cher petit Marquis,-It is an age since I have seen you. No doubt my humble soirées are too dull for a beau seigneur so courted. I forgive you. Would I were a beau seigneur at your age! Alas!

"As serious as a mourner who I am only a commonplace man of has just buried his all."

business, growing old, too aloft

from the world in which I dwell. You can scarcely be aware that I have embarked a great part of my capital in building speculations. There is a Rue de Louvier that runs its drains right through my purse. I am obliged to call in the moneys due to me. My agent informs me that I am just 7000 louis short of the total I need-all other debts being paid in-and that there is a trifle more than 7000 louis owed to me as interest on my hypothèque on Rochebriant: kindly pay into his hands before the end of this week that sum. You have been too lenient to Collot, who must owe you more than that. Send agent to him. Désolé to trouble you, and am au désespoir to think that my own pressing necessities compel me to urge you to take so much trouble. Mais que faire ? The Rue de Louvier stops the way, and I must leave it to my agent to clear it.

"Accept all my excuses, with the assurance of my sentiments the most cordial. PAUL LOUVIER."

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The Chevalier laid down his cigarette and read. "Diable!" he said, when he returned the letter and resumed the cigarette-"Diable! Louvier must be much pressed for money, or he would not have written in this strain. What does it matter? Collot owes you more than 7000 louis. Let your lawyer get them, and go to sleep with both ears on your pillow."

"Ah! you think Collot can pay if he will?"

"Ma foi! did not M. Gandrin tell you that M. Collot was safe to buy your wood at more money than any one else would give?"

"Certainly," said Alain, comforted. "Gandrin left that impres

sion on my mind. I will set him on the man. All will come right, I daresay; but if it does not come right, what would Louvier do?"

"Louvier do!" answered Finisterre, reflectively. "Well, do you ask my opinion and advice?" "Earnestly, I ask."

"Honestly, then, I answer. I am a little on the Bourse myself-most Parisians are. Louvier has made a gigantic speculation in this new street, and with so many other irons in the fire he must want all the money he can get at. I daresay that if you do not pay him what you owe, he must leave it to his agent to take steps for announcing the sale of Rochebriant. But he detests scandal; he hates the notion of being severe; rather than that, in spite of his difficulties, he will buy Rochebriant of you at a better price than it can command at public sale. Sell it to him. Appeal to him to act generously, and you will flatter him. You will get more than the old place is worth. Invest the surplus-live as you have done, or better and marry an heiress. Morbleu! a Marquis de Rochebriant, if he were 60 years old, would rank high in the matrimonial market. The more the democrats have sought to impoverish titles and laugh down historical names, the more do rich democrat fathers-in-law seek to decorate their daughters with titles and give their grandchildren the heritage of historical names. You look shocked, pauvre ami. Let us hope, then, that Collot will pay. Set your dog-I mean your lawyer-at him; seize him by the throat !"

Before Alain had recovered from the stately silence with which he had heard this very practical counsel, the valet again appeared and ushered in M. Frederic Lemercier.

There was no cordial acquaintance between the visitors. Lemercier was chafed at finding himself supplanted

in Alain's intimate companionship by so new a friend, and De Finisterre affected to regard Lemercier as a would-be exquisite of low birth and bad taste.

Alain, too, was a little discomposed at the sight of Lemercier, remembering the wise cautions which that old college friend had wasted on him at the commencement of his Parisian career, and smitten with vain remorse that the cautions had been so arrogantly slighted.

It was with some timidity that he extended his hand to Frederic,

and he was surprised as well as moved by the more than usual warmth with which it was grasped by the friend he had long neglected. Such affectionate greeting was scarcely in keeping with the pride which characterised Frederic Lemercier.

"Ma foi!" said the Chevalier, glancing towards the clock, "how time flies! I had no idea it was so late. I must leave you now, my dear Rochebriant. Perhaps we shall meet at the club later-I dine there to-day. Au plaisir, M. Lemercier."

CHAPTER III.

When the door had closed on the Chevalier, Frederic's countenance

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became very grave. Drawing his chair near to Alain, he said: "We have not seen much of each other lately, nay, no excuses; I am well aware that it could scarcely be otherwise. Paris has grown so large and so subdivided into sets, that the best friends belonging to different sets become as divided as if the Atlantic flowed between them. I come to-day in consequence of something I have just heard from Duplessis. Tell me, have you got the money for the wood you sold to M. Collot a year ago?"

"No," said Alain, falteringly. "Good heavens ! none of it?" "Only the deposit of ten per cent, which of course I spent, for it formed the greater part of my income. What of Collot? Is he really unsafe?"

"He is ruined, and has fled the country. His flight was the talk of the Bourse this morning. Duplessis told me of it."

Alain's face paled. "How is Louvier to be paid? Read that letter!"

Lemercier rapidly scanned his

eye over the contents of Louvier's letter.

"It is true, then, that you owe this man a year's interest-more than 7000 louis?"

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"Somewhat more yes. But that is not the first care that troubles me-Rochebriant may be lost, but with it not my honour. owe the Russian Prince 300 louis, lost to him last night at ecarté. İ must find a purchaser for my coupé and horses; they cost me 600 louis last year,-do you know any one who will give me three?"

"Pooh! I will give you six; your alezan alone is worth half the money!"

"My dear Frederic, I will not sell them to you on any account. But you have so many friends

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"Who would give their soul to say, 'I bought these horses of Rochebriant.' Of course I do. Ha! young Rameau, you are acquainted with him?"

"Rameau! I never heard of

him!"

"Vanity of vanities, then what is fame! Rameau is the editor of 'Le Sens Commun.' You read that journal!"

"Yes, it has clever articles, and I remember how I was absorbed in the eloquent roman which appeared in it."

"Ah! by the Signora Cicogna, with whom I think you were somewhat smitten last year."

"Last year was I? How a year can alter a man! But my debt to the Prince. What has 'Le Sens Commun' to do with my horses?"

"I met Rameau at Savarin's the other evening. He was making himself out a hero and a martyr; his coupé had been taken from him to assist in a barricade in that senseless émeute ten days ago; the coupé got smashed, the horses disappeared. He will buy one of your horses and coupé. Leave it to me! I know where to dispose of the other two horses. At what hour do you want the money?"

"Before I go to dinner at the club."

"You shall have it within two hours; but you must not dine at the club to-day. I have a note from Duplessis to invite you to dine with him to-day!"

"Duplessis! I know so little of

him!"

"You should know him better. He is the only man who can give you sound advice as to this difficulty with Louvier, and he will give it the more carefully and zealously because he has that enmity to Louvier which one rival financier has to another. I dine with him too. We shall find an occasion to consult him quietly; he speaks of you most kindly. What a lovely girl his daughter is !"

"I daresay. Ah! I wish I had been less absurdly fastidious. I wish I had entered the army as a private soldier six months ago; I should have been a corporal by this time! Still it is not too late. When Rochebriant is gone, I can

yet say with the Mousquetaire in the mélodrame: 'I am rich-I have my honour and my sword!""

"Nonsense! Rochebriant shall be saved; meanwhile I hasten to Rameau. Au revoir, at the Hotel Duplessis-seven o'clock.

Lemercier went, and in less than two hours sent the Marquis banknotes for 600 louis, requesting an order for the delivery of the horses and carriage.

That order written and signed, Alain hastened to acquit himself of his debt of honour, and contemplating his probable ruin with a lighter heart, presented himself at the Hotel Duplessis.

Duplessis made no pretensions to vie with the magnificent existence of Louvier. His house, though agreeably situated and flatteringly styled the Hotel Duplessis, was of moderate size, very unostentatiously furnished; nor was it accustomed to receive the brilliant motley crowds which assembled in the salons of the elder financier.

Before that year, indeed, Duplessis had confined such entertainments as he gave to quiet men of business, or a few of the more devoted and loyal partisans of the Imperial dynasty; but since Valérie came to live with him he had extended his hospitalities to wider and livelier circles, including some celebrities in the world of art and letters as well as of fashion. Of the party assembled that evening at dinner were Isaura, with the Signora Venosta, one of the Imperial Ministers, the Colonel whom Alain had already met at Lemercier's supper, Députés (ardent Imperialists), and the Duchesse de Tarascon; these, with Alain and Frederic, made up the party. The conversation was not particularly gay. Duplessis himself, though an exceedingly wellread and able man, had not the genial accomplishments of a bril

liant host. Constitutionally grave and habitually taciturn-though there were moments in which he was roused out of his wonted self into eloquence or wit-he seemed to-day absorbed in some engrossing train of thought. The Minister, the Députés, and the Duchesse de Tarascon talked politics, and ridiculed the trumpery émeute of the 14th; exulted in the success of the plébiscite; and admitting, with indignation, the growing strength of Prussia, and with scarcely less indignation, but more contempt, censuring the selfish egotism of England in disregarding the due equilibrium of the European balance of power, hinted at the necessity of annexing Belgium as a set-off against the results of Sadowa.

Alain found himself seated next to Isaura-to the woman who had so captivated his eye and fancy on his first arrival in Paris.

Remembering his last conversation with Graham nearly a year ago, he felt some curiosity to ascertain whether the rich Englishman had proposed to her, and if so, been refused or accepted.

The first words that passed between them were trite enough, but after a little pause in the talk, Alain said

"I think Mademoiselle and myself have an acquaintance in common-Monsieur Vane, a distinguished Englishman. Do you know if he be in Paris at present? I have not seen him for many months."

"I believe he is in London; at least Colonel Morley met the other day a friend of his who said so."

Though Isaura strove to speak in a tone of indifference, Alain's ear detected a ring of pain in her voice; and watching her countenance, he was impressed with a saddened change in its expression. He was touched, and his curiosity was mingled with a gentler interest as

he said: "When I last saw M. Vane I should have judged him to be too much under the spell of an enchantress to remain long without the pale of the circle she draws around her."

Isaura turned her face quickly towards the speaker, and her lips moved, but she said nothing audibly.

"Can there have been quarrel or misunderstanding?" thought Alain; and after that question his heart asked itself, "Supposing Isaura were free, her affections disengaged, could he wish to woo and to win her?" and his heart answered-"Eighteen months ago thou wert nearer to her than now. Thou wert removed from her for ever when thou didst accept the world as a barrier between you; then, poor as thou wert, thou wouldst have preferred her to riches. Thou wert then sensible only of the ingenuous impulses of youth, but the moment thou saidst, I am Rochebriant, and having once owned the claims of birth and station, I cannot renounce them for love,' Isaura became but a dream. Now that ruin stares thee in the face-now that thou must grapple with the sternest difficulties of adverse fatethou hast lost the poetry of sentiment which could alone give to that dream the colours and the form of human life." He could not again think of that fair creature as a prize that he might even dare to covet. And as he met her inquiring eyes, and saw her quivering lip, he felt instinctively that Graham was dear to her, and that the tender interest with which she inspired himself was untroubled by one pang of jealousy. He resumed:

"Yes, the last time I saw the Englishman he spoke with such respectful homage of one lady, whose hand he would deem it the highest reward of ambition to secure, that I cannot but feel deep compassion for him if that ambition has been foiled;

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