"Well, I am told that he has been losing a great deal of money lately."

"I dare say," exclaimed her friend, with a shrug of supreme contempt.

"But you may find your hair singed, too, my dear. Is your own money safe?"

"I do not know what you are driving at. I tell you I know nothing of business."

"But in this case you had better gain some information."

"But I tell you I do not trouble my head about it, and beg you will change the subject."

In proportion as Pepa was obstinate Clementina was reserved and haughty. Her pride, always on the alert, led her to suppose that this lady had plotted for this discussion on purpose to mortify her.

"The thing is, my dear, as I feel bound to tell you, that your husband does not speculate with his own money only," said the widow, driven to bay.

"Ah! Now I begin to see! You have a few hundred dollars in Osorio's hands, and are afraid of losing them," said Clementina with a satirical smile, and with difficulty swallowing down her wrath.

Pepa turned pale. A surge of rage rose from her heart to her lips, and she was on the point of casting her fortune over-board and simply railing like a market woman—a style for which she was especially gifted—but an instinct of self-interest, of self-preservation, checked the outburst. If she were to quarrel with her friend, or even to offend her, all hope of saving her capital would be lost. She perceived that the better part was not to provoke her implacable nature, but to hope that friendship, or even pride, might prompt her to an act of generosity. With a great effort she controlled her annoyance at Clementina's supercilious and arrogant gaze, and said, dejectedly: