Madame Caroline, who to her incurable despair was condemned to remain childless, looked at Marcelle, who was blushing slightly. Her eyes filled with tears. 'Ah! my dear children, love each other well,' she said; 'you alone are reasonable, you alone are happy!'

Then, before they took their leave, Jordan gave some particulars concerning the newspaper 'L'Espérance.' With his instinctive horror of business matters, he spoke of the office as a most singular cavern, where, himself alone excepted, the entire staff, from the director to the door porter, had engaged in speculation; and he, because he had not gambled, had been looked upon with intense disfavour and treated with contempt by all. Moreover, the fall of the Universal, and especially the arrest of Saccard, had virtually killed the journal. There had been a general scattering of the contributors, and Jantrou alone obstinately clung to the waif, beggared but hoping to derive a livelihood from the remnants of the wreck. He was now quite done for; those three years of prosperity during which he had to a monstrous degree enjoyed everything that could be bought, had finished him off. It was a case similar to that of those starving people who die of indigestion on the day when they sit down to table. And the curious feature, though logical for that matter, was the final downfall of the Baroness Sandorff, who, driven to desperation, longing to recover her money, had, amid all the confusion of the catastrophe, become this scoundrel's mistress.

Madame Caroline turned slightly pale on hearing the Baroness's name; but Jordan, who did not know that the two women had been rivals, went on telling his story. It appeared that on returning to the newspaper office one day to endeavour to obtain some money due to him, he had actually caught Jantrou boxing the Baroness's ears. Yet she had suffered it, clinging to him, perhaps, because she thought that he could give her 'tips,' thanks to his position as an advertising agent. And so she was now rolling lower and lower, carried along that downward course by her passion for gambling, that passion which corrodes and rots everything, which turns one of even the highest and proudest race into a human rag, a waste scrap swept into the gutter. To think of that drunkard, a prey to every vice, belabouring that lady of the aristocracy with all the brutality of a professional bully!

With a gesture of grievous pain, Madame Caroline made Jordan stop. It seemed to her as though she herself were bespattered by this excess of degradation. At the moment of leaving, Marcelle took hold of her hand in a caressing way. 'Pray don't think, dear madame,' said she, 'that we came here to annoy you. Paul, on the contrary, stoutly defends Monsieur Saccard.'

'Why, certainly!' the young man exclaimed. 'He has always been very kind to me. I shall never forget the way in which he relieved us of that terrible Busch. And then, too, he is wonderfully clever and energetic. When you see him, madame, be sure to tell him that we are still deeply grateful to him.'

When the Jordans had gone, Madame Caroline made a gesture of silent wrath. Grateful? Why? For the ruin of the Maugendres? Those Jordans were like Dejoie; they went away repeating the same words of excuse, the same good wishes. And yet they knew; that writer who had passed through the world of finance, with such a fine contempt for money, was certainly not an ignorant man. However, her own revolt continued and grew. No, there was no pardon possible, there was too much mud. Jantrou might have boxed the Baroness's ears, but that did not avenge her. It was Saccard who had rotted everything.

That same day Madame Caroline was to go to Mazaud's with reference to certain documents which she desired to add to the brief of her brother's case. She also wished to know what would be the broker's attitude in case the defence should summon him as a witness. Her appointment with him was for four o'clock, after the Bourse; and, on finding herself alone, she spent more than an hour and a half in classifying the information which she had already obtained. She was beginning to see more clearly through the heap of ruins. She had first asked herself where the money could have gone. In this catastrophe, in which two hundred millions had been swallowed up, if some pockets had been emptied, others must have been filled. Moreover, it seemed certain that the bears' rakes had not gathered in the whole sum; a frightful leakage had carried away a good third. On days of disaster at the Bourse, it is as though the soil absorbs some of the money—it wanders away, a little sticks to all fingers.

However, Gundermann alone must have pocketed fifty millions; and Daigremont, from twelve to fifteen. The Marquis de Bohain was also mentioned as a big winner. His classic stroke had once more succeeded: playing through Mazaud for a rise, he refused to pay his differences, though he was receiving nearly two millions from Jacoby, through whom he had played for a fall. This time, however, although well aware that the Marquis had transferred his property to his wife, like a vulgar sharper, Mazaud, quite bewildered by his heavy losses, talked of taking legal proceedings against him.

Almost all the directors of the Universal, moreover, had carved themselves large slices—some, like Huret and Kolb, realising at a high figure before the collapse; others, like the Marquis and Daigremont, adopting treacherous tactics and going over to the 'bears;' to say nothing of the fact that at one of the last meetings, when the Bank was already in difficulties, the board had credited each of its members with a bonus of a hundred and odd thousand francs. Finally, at the corbeille, Delarocque and Jacoby were reputed to have won large sums, while Nathansohn was said to have become one of the kings of the coulisse, thanks to a profit of three millions which he had realised by playing on his own account for a fall, while playing for Saccard for a rise. The extraordinary feature of his luck was that, having made very large purchases on behalf of the Universal which could no longer pay, he would certainly have failed, and have been 'posted,' if it had not been found necessary to pass the sponge over all the transactions of the coulisse, making it a present of the sums which it owed since it was undoubtedly insolvent. So little Nathansohn earned the reputation of being both very lucky and very adroit. And what a pretty and amusing adventure it was to be able to pocket one's winnings without being called upon to pay what one has lost!