Delaveau shrugged his broad shoulders. 'What does it matter to us whether it be condemned or not?' he replied. 'It does us harm, no doubt, by lowering the price of metal, but we don't compete in manufactured articles, and there is nothing very serious as yet.'

Fernande, who looked wondrously beautiful that day, stood quivering, gazing at her husband with flaming eyes. 'Oh! you don't know how to hate!' she cried. 'What! that man set himself to thwart all your plans, founded at your very door a rival enterprise, the success of which would be the ruin of the one you manage—a man, too, who never ceases to be an obstacle and a threat—and you don't even desire to see him crushed! Ah! if he's flung naked into a ditch I shall be only too pleased!'

From the very first day she had felt that Luc would be the enemy, and she could not speak calmly of that man who threatened her enjoyment of life. Therein for her lay his one great unique crime. With her ever-increasing appetite for pleasure and luxury, she required ever larger profits, an abundance of prosperity for the works, hundreds and hundreds of workmen, kneading, fashioning steel at the flaming doors of their furnaces. She was the devourer of men and money, the one whose cravings the Abyss with its steam hammers and its huge machinery no longer sufficed to satisfy. And what would become of her hopes of future pomp and vanity, of millions amassed and devoured, if the Abyss should fall into difficulties, and succumb to competition? With that thought in her mind, she left neither her husband nor Boisgelin any rest, but ever urged them on, worried them incessantly, seizing every opportunity to give expression to her anger and her fears.

Boisgelin, who feigned a superior kind of way—never meddling with business matters, but spending the profits of the works without counting them, setting his only glory in being a handsome ladykiller, an elegant horseman, and a great sportsman—was none the less accustomed to shiver when he heard Fernande speak of possible ruin. Thus, on the present occasion, turning towards Delaveau, in whom he retained absolute confidence, he inquired, 'You have no anxiety, eh, cousin? All is going on well here?'

The engineer again shrugged his shoulders. 'I repeat that the works are in no wise affected as yet. Moreover, the whole town is rising against that man—he is mad. We shall all see now how unpopular he is; and if at bottom I am well pleased with that law-suit, it is because it will finish him off in the opinion of Beauclair. Before three months have elapsed all the workmen that he has taken from us will be coming with hands clasped to beg me to take them back. You will see, you will see! Authority is the only sound principle, the enfranchisement of labour is arrant stupidity, for the workman no longer does anything properly when once he becomes his own master.'

Silence fell, then he added more slowly, with a faint shade of anxiety in his eyes, 'All the same, we ought to be prudent. La Crêcherie is not a competitor that one can neglect, and what would alarm me would be any lack of the necessary funds for a struggle in some sudden emergency. We live too much from day to day, and it is becoming indispensable that we should establish a substantial reserve fund, by setting apart, for instance, one third of the annual profits.'

Fernande restrained a gesture of involuntary protest. That was indeed her fear: that her lover might have to reduce his expenditure, and that she, in her pride and pleasures, might suffer therefrom. She had to content herself for the moment with looking at Boisgelin. But he, of his own accord, plainly answered: 'No, no, cousin, not at the present moment. I can't set anything aside, my expenses are too heavy. At the same time I must thank you once more, for you make my money yield even more than you promised. We will see about the rest later on—we will talk it over.'

Nevertheless Fernande remained in a nervous state, and her covert anger fell upon Nise, who had just lunched alone, under the supervision of a maid, who now brought her into the salon before taking her to spend the afternoon with a little friend. Nise, who was now nearly seven years old, was growing quite pretty, pink and fair, and ever merry, with wild hair which made her resemble a little curly sheep.

'There, my dear Boisgelin,' said Fernande, 'there's a disobedient child who will end by making me quite ill. Just ask her what she did the other day at that treat which she offered to your son Paul and little Louise Mazelle!'

Without evincing the slightest alarm, Nise, with her limpid blue eyes, continued gaily smiling at those about her.