“And, by all that, you have confessed to know everything that I did,” said she, firmly. “It was explained to you that, instead of muddling away upon mortgage at home, some thirty or even forty per cent might be realized in the States. I showed you the road by risking whatever little fortune I possessed, and you followed. Now we have each of us lost our money, and there 's the whole story.”

“But it's May's money I 've lost!” cried he, with a voice of anguish.

“I don't suppose it matters much to whom it belonged once,” said she, dryly. “The gentlemen into whose hands it falls will scarcely burden themselves to ask whence it came.”

“But I had no right to gamble May Leslie's fortune!” burst he in.

“We have no time for the ethical part of the question at present,” said she, calmly. “Our concern is with how we are to save the most we can. I have just seen the names of two houses at New York, which, if aided in time, will be able to stand the torrent, and eventually pay everything. To save their credit here will require about eighteen thousand pounds. It is our interest—our only hope, indeed—to rescue them. Could you induce May to take this step?”

“Induce May to peril another large portion of her fortune!” cried he, in horror and astonishment.

“Induce her to arrest what might proceed to her ruin,” whispered she, in a low, distinct voice. “If these American securities are forfeited, there will be no money forthcoming to meet the calls for the Spanish railroads, no resources to pay the deposit on the concessions in Naples. You seem to forget how deep our present engagements are. We shall need above thirty thousand pounds by the 1st of March,—fully as much more six weeks later.”

The old man clasped his hands convulsively, and trembled from head to foot.

“You know well how ignorant she is of all we have done, all we are doing,” said he, with deep emotion.

“I know well that no one ever labored and worked for my benefit as I have toiled for hers. My endeavor was to triple, quadruple her fortune, and if unforeseen casualties have arisen to thwart my plans, I am not deterred by such disasters. I wish I could say as much for you.”