This morning the newspapers were brought in.

Madame de Fersen opened one, and began to read.

All at once she ceased to read, I saw her shiver and blush deeply; then, with an expression of dumb surprise, lowering her hands to her knees, she shook her head, as if she were saying, "Is this really possible!"

Looking at me with eyes filled with tears, she quickly rose, and left the room.

Not knowing what might have caused this keen emotion, I picked up the newspaper, and the following lines soon explained to me Madame de Fersen's dismay.

"It is well known that a month ago the firm —— & Co. failed for a sum amounting to several millions. The head of the firm secretly embarked for the United States. A few creditors, warned by alarming rumours as to the solvency of the firm, were in time to withdraw a portion of their funds. M. Dumont, business agent of M. le Comte de ——, involved in this bankruptcy to the amount of one hundred and fifty thousand francs, has not been equally fortunate; although he had come to Havre to ward off this disaster, he was not provided with the necessary papers, and as the bankruptcy was considered fraudulent, he laid his complaint before the district attorney, but in view of the assets amounting to scarcely eighty thousand francs, the numerous creditors of the firm —— must look upon their funds as lost."

Madame de Fersen knew of my hurried departure for Havre, for her courier had overtaken me before I reached that town. I had returned immediately, and the date of my return coincided with that of the bankruptcy. It was therefore evident to Catherine that my eagerness to return to the dying Irene was the sole cause of the severe loss I had sustained. Thus now, more than ever, should I appear to demand a reward for my sacrifices.

While mechanically skimming the newspaper, beneath the article which I have quoted, I came upon the following paragraph, which also concerned me.

The paper which I was reading was a semi-official journal, and might be considered well informed.

"Many changes are imminent in our corps diplomatique. Among those mentioned as likely to be called to a prominent position in foreign affairs is M. le Comte Arthur de ——, who, though still young, has strong claims to this favour on account of his travels, his researches, and the conscientious work to which he has devoted himself for some time past, as chief secretary of his Excellency the Minister of Foreign Affairs. These particulars, for whose accuracy we can vouch, prove clearly that when high birth and the advantages of fortune accompany an eminent and recognised capacity, everything may be expected from the favours of the king's ministry."