It came at last, that morrow, which he had awaited with an impatience that neither his mother nor his sister could suspect. And towards half-past nine he was ready to go out, when M. Chapelain came in. Still irritated by the scenes he had just witnessed at the Mutual Credit office, the old lawyer had a most lugubrious countenance.

“I bring bad news,” he began. “I have just seen the Baron de Thaller.”

He had said so much the day before about having nothing more to do with it, that Maxence could not repress a gesture of surprise.

“Oh! it isn’t alone that I saw him,” added M. Chapelain, “but together with at least a hundred stockholders of the Mutual Credit.”

“They are going to do something, then?”

“No: they only came near doing something. You should have seen them this morning! They were furious; they threatened to break every thing; they wanted M. de Thaller’s blood. It was terrible. But M. de Thaller condescended to receive them; and they became at once as meek as lambs. It is perfectly simple. What do you suppose stockholders can do, no matter how exasperated they may be, when their manager tells them?

“‘Well, yes, it’s a fact you have been robbed, and your money is in great jeopardy; but if you make any fuss, if you complain thus, all is sure to be lost.’ Of course, the stockholders keep quiet. It is a well-known fact that a business which has to be liquidated through the courts is gone; and swindled stockholders fear the law almost as much as the swindling manager. A single fact will make the situation clearer to you. Less than an hour ago, M. de Thaller’s stockholders, offered him money to make up the loss.”

And, after a moment of silence,

“But this is not all. Justice has interfered; and M. de Thaller spent the morning with an examining-magistrate.”

“Well?”