Orsino posted his letter with an odd sensation of relief. He felt that he was once more in communication with humanity, since he had been able to speak out and tell some one of the troubles that oppressed him. He had assuredly no reason for being more hopeful than before, and matters were in reality growing more serious every day; but his heart was lighter and he took a more cheerful view of the future, almost against his own better judgment.

He had not expected to receive an answer from Maria Consuelo for some time and was surprised when one came in less than ten days from the date of his writing. This letter was short, hurriedly written and carelessly worded, but there was a ring of anxiety for him in every line of it which he could not misinterpret. Not only did she express the deepest sympathy for him and assure him that all he did still had the liveliest interest for her, but she also insisted upon being informed of the state of his affairs as often as possible. He had spoken of three possibilities, she said. Was there not a fourth somewhere? There might often be an issue from the most desperate situation, of which no one dreamed. Could she not help him to discover where it lay in this case? Could they not write to each other and find it out together?

Orsino looked uneasily at the lines, and the blood rose to his temples. Did she mean what she said, or more, or less? He was overwrought and over-sensitive, and she had written thoughtlessly, as though not weighing her words, but only following an impulse for which she had no time to find the proper expression. She could not imagine that he would accept substantial help from her—still less that he would consent to marry her for the sake of the fortune which might save him. He grew very angry, then turned cold again, and then, reading the words again, saw that he had no right to attach any such meaning to them. Then it struck him that even if, by any possibility, she had meant to convey such an idea, he would have no right at all to resent it. Women, he reflected, did not look upon such matters as men did. She had refused to marry him when he was prosperous. If she meant that she would marry him now, to save him from ruin, he could not but acknowledge that she was carrying devotion near to its farthest limit. But the words themselves would not bear such an interpretation. He was straining language too far in suggesting it.

"And yet she means something," he said to himself. "Something which I cannot understand."

He wrote again, maintaining the tone of his first letter more carefully than she had done on her part, though not sparing the warmest expressions of heartfelt thanks for the sympathy she had so readily given. But there was no fourth way, he said. One of those three things which he had explained to her must happen. There was no hope, and he was resigned to continue his existence of slavery until Del Ferice's death brought about the great crisis of his life. Not that Del Ferice was in any danger of dying, he added, in spite of the general gossip about his bad health. Such men often outlasted stronger people, as Ugo had outlived Donna Tullia. Not that his death would improve matters, either, as they stood at present. That he had explained before. If the count died now, there were ninety-nine chances out of a hundred that Orsino would be ruined. For the present, nothing would happen. In little more than a month—in six weeks at the utmost—a new arrangement would be forced upon him, binding him perhaps for years to come. Del Ferice had already spoken to him of a great public undertaking, at least half of the contract for which could easily be secured or controlled by his bank. He had added that this might be a favourable occasion for Andrea Contini and Company to act in concert with the bank. Orsino knew what that meant. Indeed, there was no possibility of mistaking the meaning, which was clear enough. The fourth plan could only lie in finding beforehand a purchaser for buildings which could not be so disposed of, because they were built for a particular purpose, and could only be bought by those who had ordered them, namely persons whom Del Ferice so controlled that he could postpone their appearance if he chose and drive Orsino into a failure at any moment after the completion of the work. For instance, one of those buildings was evidently intended for a factory, and probably for a match factory. Del Ferice, in requiring that Contini and Company should erect what he had already arranged to dispose of, had vaguely remarked that there were no match factories in Rome and that perhaps some one would like to buy one. If Orsino had been less desperate he would willingly have risked much to resent the suave insolence. As it was, he had laughed in his tyrant's face, and bitterly enough; a form of insult, however, to which Ugo was supremely indifferent. These and many other details Orsino wrote to Maria Consuelo, pouring out his confidence with the assurance of a man who asks nothing but sympathy and is sure of receiving that in overflowing measure. He no longer waited for her answers, as the crucial moment approached, but wrote freely from day to day, as he felt inclined. There was little which he did not tell her in the dozen or fifteen letters he penned in the course of the month. Like many reticent men who have never taken up a pen except for ordinary correspondence or for the routine work of a business requiring accuracy, and who all at once begin to write the history of their daily lives for the perusal of one trusted person, Orsino felt as though he had found a new means of expression and abandoned himself willingly to the comparative pleasure of complete confidence. Like all such men, too, he unconsciously exhibited the chief fault of his character in his long, diary-like letters. That fault was his vanity. Had he been describing a great success he could and would have concealed it better; in writing of his own successive errors and disappointments he showed by the excessive blame he cast upon himself, how deeply that vanity of his was wounded. It is possible that Maria Consuelo discovered this. But she made no profession of analysis, and while appearing outwardly far colder than Orsino, she seemed much more disposed than he to yield to unexpected impulses when she felt their influence. And Orsino was quite unconscious that he might be exhibiting the defects of his moral nature to eyes keener than his own.

He wrote constantly therefore, with the utmost freedom, and in the moments while he was writing he enjoyed a faint illusion of increased safety, as though he were retarding the events of the future by describing minutely those of the past. More than once again Maria Consuelo answered him, and always in the same strain, doing her best, apparently, to give him hope and to reconcile him with himself. However much he might condemn his own lack of foresight, she said, no man who did his best according to his best judgment, and who acted honourably, was to be blamed for the result, though it might involve the ruin of thousands. That was her chief argument and it comforted him, and seemed to relieve him from a small part of the responsibility which weighed so heavily upon his shoulders, a burden now grown so heavy that the least lightening of it made him feel comparatively free until called upon to face facts again and fight with realities.

But events would not be retarded, and Orsino's own good qualities tended to hasten them, as they had to a great extent been the cause of his embarrassment ever since the success of his first attempt, in making him valuable as a slave to be kept from escaping at all risks. The system upon which the business was conducted was admirable. It had been good from the beginning and Orsino had improved it to a degree very uncommon in Rome. He had mastered the science of book-keeping in a short time, and had forced himself to an accuracy of detail and a promptness of ready reference which would have surprised many an old professional clerk. It must be remembered that from the first he had found little else to do. The technical work had always been in Contini's hands, and Del Ferice's forethought had relieved them both from the necessity of entering upon financial negotiations requiring time, diplomatic tact and skill of a higher order. The consequence was that Orsino had devoted the whole of his great energy and native talent for order to the keeping of the books, with the result that when a contract had been executed there was hardly any accountant's work to be done. Nominally, too, Andrea Contini and Company were not responsible to any one for their book-keeping; but in practice, and under pretence of rendering valuable service, Del Ferice sent an auditor from time to time to look into the state of affairs, a proceeding which Contini bitterly resented while Orsino expressed himself perfectly indifferent to the interference, on the ground that there was nothing to conceal. Had the books been badly kept, the final winding up of each contract would have been retarded for one or more weeks. But the more deeply Orsino became involved, the more keenly he felt the value and, at last, the vital importance, of the most minute accuracy. If worse came to worst and he should be obliged to fail, through Del Ferice's sudden death or from any other cause, his reputation as an honourable man might depend upon this very accuracy of detail, by which he would be able to prove that in the midst of great undertakings, and while very large sums of money were passing daily through his hands, he had never received even the very smallest share of the profits absorbed by the bank. He even kept a private account of his own expenditure on the allowance he received from his father, in order that, if called upon, he might be able to prove how large a part of that allowance he regularly paid to poor Contini as compensation for the unhappy position in which the latter found himself. If bankruptcy awaited him, his failure would, if the facts were properly made known, reckon as one of the most honourable on record, though he was pleased to look upon such a contingency as a certain source of scandal and more than possible disgrace.

Unconsciously his own determined industry in book-keeping gave him a little more confidence. In his great anxiety he was spared the terrible uncertainty felt by a man who does not precisely know his own financial position at a given critical moment. His studiously acquired outward calm also stood him in good stead. Even San Giacinto who knew the financial world as few men knew it watched his youthful cousin with curiosity and not without a certain sympathy and a very little admiration. The young man's face was growing stern and thoughtful like his own, lean, grave and strong. San Giacinto remembered that night a year and a half earlier when he had warned Orsino of the coming danger, and he was almost displeased with himself now for having taken a step which seemed to have been unnecessary. It was San Giacinto's principle never to do anything unnecessary, because a useless action meant a loss of time and therefore a loss of advantage over the adversary of the moment. San Giacinto, in different circumstances, would have made a good general—possibly a great one; his strange life had made him a financier of a type singular and wholly different from that of the men with whom he had to deal. He never sought to gain an advantage by a deception, but he won everything by superior foresight, imperturbable coolness, matchless rapidity of action and undaunted courage under all circumstances. It needs higher qualities to be a good man, but no others are needed to make a successful one. Orsino possessed something of the same rapidity and much of a similar coolness and courage, but he lacked the foresight. It was vanity, of the most pardonable kind, indeed, but vanity nevertheless which had led him to embark upon his dangerous enterprise—not in the determination to accomplish for the sake of accomplishing, still less in the direct desire for wealth as an ultimate object, but in the almost boyish longing to show to his own people that there was more in him than they suspected. The gift of foresight is generally weakened by the presence of vanity, but when vanity takes its place the result is as likely to be failure as not, and depends almost directly upon chance alone.

The crisis in Orsino's life was at hand, and what has here been finally said of his position at that time seemed necessary, as summing up the consequences to him of more than two years' unremitting labour, during which he had become involved in affairs of enormous consequence at an age when most young men are spending their time, more profitably perhaps and certainly more agreeably, in such pleasures and pursuits as mother society provides for her half-fledged nestlings.

On the day before his final interview with Del Ferice Orsino wrote a lengthy letter to Maria Consuelo. As she did not receive it until long afterwards it is quite unnecessary to give any account of its contents. Some time had passed since he had heard from her and he was not sure whether or not she were still in Egypt. But he wrote to her, nevertheless, drawing much fictitious comfort and little real advantage from the last clear statement of his difficulties. By this time, writing to her had become a habit and he resorted to it naturally when over wearied by work and anxiety.