"Quite right; here is Pepa Frias," said the lady so named, with an affectation of bad humour. "A woman who is not in the very least ashamed to set foot in this house." The company all laughed.

"You would suppose by my appearance that I had come out of the workhouse? That I had no home of my own? But I have. Calle de Salesas, Number 60—first floor. That is to say, the landlord has—but I pay him, which is more than all your tenants do, I am very sure. Oh! Pinedo, I beg your pardon, I did not see you. And I am at home on Saturdays—it is not so hot as you are here, oof! And I give chocolate and tea and conversation and everything—just as you do here."

And while she spoke she went from one to another shaking hands with a look of fury. But as every one knew her for an oddity they took it as a joke and laughed.

She was a woman of substantial build, her hair artificially red, her eyes rather prominent, but handsome, her lips rosy and sensual—a decidedly attractive woman, in short, who had had, and, in spite of advancing years, still had, many devoted admirers.

"What there is not at my house," she went on to Señora de Calderón, giving her a sounding kiss on each cheek, "is a woman so graceless and so insignificant as you. For, of course, I am not come to see you, but my dear Señor Don Julian, who now and then comes to wish me good evening, and tell me the latest prices of stocks. And à propos to prices, Clementina, tell your husband to hold his hand till I give him notice. No, you had better say nothing about it. I will call at your house this evening."

"But, child, how you are always loaded with papers about shares and stocks!" exclaimed Mariana.

"And so would you be if you had not such an energetic husband, who heats his head over them that you may keep yours cool and easy."

"Come, come, Pepa, do not be calling me names, or you will make me blush," said Calderón.

"I am saying no more than the truth. You may imagine that it is pure joy to be always thinking whether shares are going up or down, and writing letters and endorsements, and walking to and from the bank."

"I imagine, Pepa," said the General, with a gallant smile, "that, from all I hear, you have a perfect talent for business."