"The worst, the very worst that I deemed possible, and I have been able to accomplish nothing. I feel like a brute to bring you these ill tidings a single hour before you are compelled to know them."

"Do not keep me in suspense!" urged Madeleine.

M. de Bois went on, "Maurice obtained a loan of ten thousand dollars from Mr. Emerson. The security given was upon this Maryland property, which Maurice declared to be free of all mortgage; and, no doubt, he thought it was so."

"And, alas! it is not?"

"So far from clear that Mr. Emerson yesterday learned the estate was mortgaged to its full value. Count Tristan, who held in his hands a power of attorney, has doubtless made use of the instrument without his son's knowledge."

"Did you not explain this to Mr. Emerson in defence of Maurice?"

"Assuredly; but Mr. Emerson received my assertion with open incredulity. He is determined to write to Maurice and inform him of his discovery, and also to commence legal proceedings at once."

"Should these ten thousand dollars be paid into the hands of Mr. Emerson, would they not prevent his sending the threatened letter to Maurice, or taking any other steps?" inquired Madeleine, eagerly.

"Undoubtedly; but how are we to command ten thousand dollars?"

Madeleine smiled an inexpressibly happy smile, opened her desk, took out a paper, and said,—