"Pardon me," answered Giraldi; "to my mind the affair looks quite different. The respite is an immense gain for the Count. There are so many chances. The shares may go up again, or the powerful hand which enabled him to pay the first instalment may be held out to him again. If it is not, why, the trustees must agree to a compromise--say twenty-five per cent. off; that is to say, the Count can pay up seventy-five. And after all he has always got the entailed estates."

"True, true," said Herr von Wallbach; "that would always remain to him."

He passed his hand over his forehead.

"Have you seen Werben yet?"

"He will hardly come. He is more agreeably employed. Bertalda has again lent her house to the loving couple, and is dancing away the sorrows of her young widowhood. The polka is over. I will beg for a few more details from the communicative little thing, in case they may be of use to you. I shall see you perhaps to-morrow. For to-day, Addio."

Giraldi turned away at the very moment that Baroness Kniebreche came up, and slipped into the ball-room, making as he passed a sign to Bertalda, whom he met on the arm of a very smart officer. Bertalda dismissed her partner, and soon overtook Giraldi, who had passed into one of the less-crowded side-rooms.

"Well!" he asked, sitting down, and inviting Bertalda by a gesture to take a place by him, "did you get the money, child!"

"Yes, and I am extremely obliged to you. I was really in great need of it. My poor brother----"

"I do not want to know what you did with the money. So long as you oblige me, that is sufficient. The important point is, are they happy at last?"

The girl coloured. "I really did my best," she said hesitatingly.