The duke had turned his back on all the company, and was talking to his daughter with as much affability as he was capable of. He rarely saw her. Clementina was his natural daughter, the child of a woman of the lowest type, as he himself had probably been. Afterwards, when he was already beginning to be rich, he had married a young girl of the middle class, by whom he had no family. This lady, whose health since her marriage had been extremely delicate, had agreed, or to be exact, had herself proposed that her husband's daughter should come to live with her. Clementina had therefore been brought up at home, and was loved as a daughter by her father's wife, whom she loved and respected as a mother. Since her marriage she had paid her frequent visits; but as her father was always busy, she did not go into his rooms, but left her mother's—for so she called her—only to quit the house. Excepting on days when there was some great dinner or reception, or when she met him by chance in the street or at a friend's house, they never talked together.

After inquiring for her husband and sons, the duke, without sitting down, turned to talk to Calderón and Pepe Frias. He was a man of common and provincial appearance; he rarely smiled, and when he did, it was so faintly as to be hardly perceptible. He was in the habit of calling things by their names, and addressing every one without any formula of courtesy, saying things to their face which might have seemed grossly rude, but that he knew how to give them a tone of friendly bluntness which deprived them of their sting. He was not loquacious; he generally stood silently chewing the end of his cigar and studying his interlocutor with his squinting and impenetrable eyes. When he talked it was with a factitious and cunning simplicity which was not unattractive, but through it pierced the old man, the Valencian foundling, shrewd, sarcastic, crafty and uncommunicative.

Pepa Frias began to talk of money matters; on this subject the widow was inexhaustible. She wanted to know everything, was afraid of being taken in, always greedy of large profit, and comically terrified at the idea of a depreciation of the Stocks she held. She would have every detail repeated to satiety.

"Should she sell Bank Stock and buy Cubas? What was the Government going to do about entailed estates? She had heard rumours! Would money be dearer at the next settlement? Would it not be better to sell at once, and make thirty centimes, than to wait till the end of the month?"

To her Salabert's words were as the Delphic oracle; the banker's fame acted like a charm. But, unluckily, the Duke—like every oracle, ancient or modern—was wont to answer ambiguously. Often his only reply was a grunt, which might mean assent, dissent, or doubt; while the words, which now and then made their way between the cigar and his moist, stained lips, were obscure, brief, and frequently unintelligible. Besides, every one knew that he was not to be trusted, that he loved to put his friends on the wrong track, and see them get a tumble in some bad speculation. Nevertheless, Pepa persisted in hoping to wring from that great mind the secret of the hidden Pactolus, playfully taking him by the lapels of his coat, calling him old fellow, old fox, Sphinx, glorying in her audacity, which amounted to a flirtation. But the banker was not to be cajoled. He humoured her mood, answering her with grunts, or with some coarse joke at which Calderón would laugh, though he felt in no laughing mood as he noted the frequency of the duke's expectorations on his carpet; for the munching of his cigar gave rise to the necessity, and he was not accustomed to note what he was doing. Calderón was as much irritated, and annoyed as if his visitor had spit in his face. The third time it happened he could contain himself no longer; with his own hands he fetched a spittoon. Salabert gave him a mocking glance and winked at Pepa.

Calderón, now easier in his mind, became quite loquacious, and endeavoured to reply instead of the Duke, and advise Pepa as to her investments; but though he was a man of prudence and experience in such matters, the widow did not value his counsels, nor would she listen to them. When all was said and done, there was an enormous gulf between him and Salabert—the one an ordinary stock-broker, the other a genius of banking. The Duke, no doubt, assented inarticulately to the opinions of the master of the house, but Pepa would none of them.

Salabert presently left them to themselves, and seated himself on the arm of a chair in a lounging attitude, which he alone would have ventured on. Instead of being disliked for his coarse rudeness, his bad manners contributed not a little to his prestige and to the idolatrous reverence which was paid him in society. Having left the spittoon behind him, he again expectorated on the carpet with a malicious pleasure which was visible through his imperturbable mask of good humour. Calderón on his part frowned gloomily once more, till at length, with a heroic determination to ignore the conventionalities, he once more fetched the spittoon, but less boldly than before, for he only pushed it along with his foot. Pepa, meanwhile, seated herself on the other arm, and went on coaxing the Duke till at last he paid more attention to her. He glanced at her several times from head to foot, dwelling with satisfaction on her figure, which was round and shapely. Altogether Pepa was a fresh-looking and attractive woman. In a few minutes the banker leaned over her without much delicacy, and, putting his face so close to hers, that he almost seemed to touch her cheek with his lips, he said in a whisper:

"Have you many Osuñas?"

"A few—yes——"

"Sell at once."