'She is devilishly provoking,' resumed Saccard, brutally. 'I understand the old Baron.'

A singular smile came over Jantrou's face. 'I fancy that he has had enough long ago. And he is very stingy, they say. And do you know who now pays her bills, speculation never sufficing?'

'No.'

'Delcambre!'

'Delcambre, the Public Prosecutor! that tall, dry man, so stiff and yellow! a future minister! Is it possible?'

Thereupon, in great good-humour, altogether enlivened, the pair separated with a vigorous handshake, after the one had reminded the other that he should take the liberty of calling on him shortly.

As soon as he found himself alone again, Saccard once more heard the loud voice of the Bourse, persistently swelling like that of the rising tide. He had turned the corner, and was making his way towards the Rue Vivienne, by this side of the Place, which through the complete absence of cafés has a more solemn aspect than any other. He passed the Chamber of Commerce, the Post Office, and the great advertising agencies, becoming more and more deafened, growing more and more feverish, as he drew nearer to the principal façade. And when by an oblique glance he could again command a view of the peristyle, he paused afresh as if reluctant to finish his circuit of the colonnade, to complete his investment of it. Here, where the footway broadened, life spread, burst forth upon him; torrents of customers invaded the cafés, the pastrycook's shop never emptied, and pedestrians were ever pausing, fascinated by the display in the shop windows, especially in those of a silversmith's establishment, which were all ablaze with large pieces of plate. And at the four cross-ways, at the four corners of the Place, the flood of cabs and wayfarers seemed to be increasing in inextricable entanglement; whilst the traffic at the omnibus station added to the block, and the carriages of the remisiers, ranged in a line, prevented access to the footway almost from one end of the railing to the other. Saccard's eyes, however, were fixed on the high steps, where frock-coats clustered in the sunlight. Then they were lifted towards the columns, towards the compact mass of speculators—the dense swarm, the blackness of which was scarcely relieved by the pale faces in the crowd. All were standing, no chairs could be seen; the curve formed by the coulisse under the clock could only be divined by the prevalent ebullition, the fury of gestures and words which made the very atmosphere quiver.

More calmness prevailed on the left, among a group of bankers, who were engaged either in arbitrage operations, in fixing the foreign exchange rates, or in negotiating English cheques, and whose ranks were continually being traversed by people on their way to the telegraph office. Speculators overflowed even from the side galleries, crowding and crushing together; and, leaning on the balustrades between the columns, there were some who presented belly or back, as if they were at home, or at a theatre, lolling against the velvet-upholstered front of a private box. The quivering and rumbling, like that of a steam-engine at work, was ever increasing, agitating the entire Bourse—subsiding only for a second to burst forth yet louder, in the same way as a flame may flicker and then flare high again. And gazing on it all, Saccard suddenly recognised the remisier Massias, who descended the steps at full speed and leaped into his carriage, the driver of which forthwith lashed his horse into a gallop.

Then Saccard felt his fists clench, and, violently tearing himself away, turned into the Rue Vivienne, which he crossed in order to reach the corner of the Rue Feydeau, where Busch's office was situated. He had just remembered the Russian letter which he had to get translated. As he was entering the house, however, a young man, standing in front of the stationer's shop on the ground floor, bowed to him, and he recognised Gustave Sédille, son of a silk manufacturer in the Rue des Jeûneurs, whom his father had placed with Mazaud, to study the mechanism of finance. Saccard smiled paternally upon this tall, elegant young fellow, strongly suspecting why he was mounting guard there. Conin's stationery shop had been supplying note-books to the entire Bourse since little Madame Conin had begun to help her husband—fat Conin, as he was called—who never left his back shop, there attending to the manufacturing part of his business, whilst she continually came and went, serving at the counter and doing errands outside. She was plump, blonde, and pink, a real curly-haired little sheep, with light silky hair, a pleasing, coaxing manner, and imperturbable gaiety. She was very fond of her husband, it was said, but this certainly did not prevent her from flirting with the gentlemen of the Bourse. As he passed, Saccard saw her smiling at Gustave through the window. What a pretty little sheep she was! The sight gave him a delightful sensation, akin to that of a caress. Then he at last went upstairs.

For twenty years Busch had occupied a small logement, comprising two chambers and a kitchen, high up, on the fifth floor. Born at Nancy, of German parents, he had come here from his native town, and had gradually extended the circle of his business, which was wonderfully complicated, without feeling the need of a larger office. Relinquishing the room overlooking the street to his brother Sigismond, he contented himself with a little chamber on this side of the courtyard of the house—a little chamber in which old papers, batches of documents, packages of all kinds were so piled up, that there was no room left except for a single chair beside the desk. One of his principal lines of business was a traffic in depreciated shares and debentures, thousands of which he collected together, serving as an intermediary between the Little Bourse of the 'Wet Feet' and the bankrupts embarrassed to account for their real or imaginary losses. He accordingly followed the market, at times buying direct, but more frequently supplied with batches of stock that were brought to him. In addition also to usury and a secret traffic in jewels and precious stones, he particularly occupied himself with the purchase of 'bad debts.' This it was that filled his office with old paper to overflowing, this it was that sent him forth to the four corners of Paris, sniffing and watching, with connections in all circles of society. As soon as he heard of a failure, he hurried off, prowled around the liquidator, and ended by buying up everything which could not immediately be realised. He kept a watch on the notaries' offices, looked out for inheritances difficult of settlement, and attended the sales of hopeless claims. He himself published advertisements, in this wise attracting impatient creditors who preferred to get a few coppers down rather than run the risk of prosecuting their debtors. And from all these manifold sources this chiffonnier of bad debts derived supply upon supply of paper, huge basketfuls, an ever-increasing pile of unpaid notes of hand, unfulfilled agreements, unredeemed acknowledgments of liability, unkept engagements of every kind. Then a sorting-out became necessary, a fork had to be thrust into this mess of broken victuals, a special and very delicate scent being required in the operation. To avoid waste of effort, it was necessary to make a choice in this ocean of debtors, who were either insolvent or had disappeared. In principle, Busch asserted that every claim, even the most seemingly hopeless, may some day become valuable again; and he had a series of portfolios, admirably classified, to which corresponded an index of names, which he read over from time to time to refresh his memory. However, naturally enough, among the insolvent ones, he more closely followed those who seemed to him to have near chances of fortune. Prosecuting his inquiries, he stripped people bare, discovered what means they possessed, penetrated family secrets, took note of all rich relatives, and especially of such newly-acquired situations as allowed of an attachment of salary. He thus often allowed a man to ripen for years, in order to strangle him at his first success. As for the debtors who disappeared, these stimulated him to yet greater energy, threw him into a fever of continual search, with his eyes on every signboard as he scoured the streets, and on every name printed in the newspapers. He hunted for addresses as a dog hunts for game, and as soon as he held the vanished and insolvent ones in his clutches, he became ferocious, clearing their pockets with bills of costs, sucking them dry, getting a hundred francs for what had cost him ten sous, brutally explaining the while what risks he ran as a speculator, forced to extort from those whom he caught all that he pretended to lose by those who slipped like smoke through his fingers.