He got off the wool-bale much in the manner in which a big seal clumsily takes the water, and walked up and down his store; hands in pockets, hat on the back of his head, and a complacent smile overspreading his face. As he paused at the end of the long alleyway, formed by his piles of merchandise, and turned again to traverse the length of the warehouse, he struck an attitude of contemplation.

“Ah! but the insurance?” he exclaimed. As he stood, with bent head and grave looks, he was the typical Jew of the Ghetto; crafty, timid, watchful, cynical, cruel; his grizzled hair, close-clipped, crisp, and curly; his face pensive, and yellow as a lemon.

“But he will haf seen to that: I gif him that much credit. But in the meantime he is without his goods, and the money won’t be paid for months. That gif me a six-months’ pull over him.”

The old smile came back, and he began to pace the store once more.

There was a rippling laugh at the further end of the building where Varnhagen’s private office, partitioned off with glass and boards from the rest of the store, opened on the street. It was a laugh the old man knew well, for he hopped behind a big pile of bales like a boy playing hide-and-seek, and held his breath in expectation.

Presently, there bustled into the warehouse a vision of muslin and ribbons. Her face was the face of an angel. It did not contain a feature that might not have been a Madonna’s. She had a lemon-yellow complexion, brightened by a flush of carmine in the cheeks; her eyes were like two large, lustrous, black pearls; her hair, parted in the middle, was glossy and waving; her eyebrows were pencilled and black; her lips were as red as the petals of the geranium. But though this galaxy of beauties attracted, it was the exquisite moulding of the face that riveted the attention of Packett, the Jew’s storeman, who had conducted the dream of loveliness to the scene.

She tapped the floor impatiently with her parasol.

“Fa-ther!”

She stamped her dainty foot in pretty anger.

“The aggravating old bird! I expect he’s hiding somewhere.”