The banker turned the key in the door which separated his office from the general offices of his company and came back to Raoul.

"You understand that the worst part of this terrible business is that you, who received an exceptionally good education, and whom I wish to regard in spite of all as an honest man at heart—your confession and your repentance show me that—were unable to resist so sordid a temptation. You are more to blame than anyone else would be in your place. . . . I will tell you what I have decided upon. You must leave Paris and France and all these Nina Nohas who have brought you to such a pass. You must go and build up a new career in America. You must sail by the mail boat which leaves Havre for New York to-morrow morning. I will tell your mother that I have sent you to America on urgent business of importance. You must catch the express train at eight o'clock to-night. You have no time to lose."

So saying, he opened his safe and took out two bundles of bank-notes, each of which contained ten thousand francs.

"Do the best you can for yourself with this money and become an honest man again. I don't want your thanks. I am doing this in remembrance of your father who rendered me many great services."

Distraught and overcome with gratitude, Raoul left the room with the twenty thousand francs. The banker himself opened the door of his private entrance which led direct through the courtyard into the street.

The safe remained open.

Scarcely a minute had elapsed after Raynaud's return to his office when the staff in the other part of the building heard the sounds of a great commotion—shouting, struggles and a revolver shot. They rushed to the private office. They had to break in the door. When they entered the room they found Raynaud lying dead on the floor in front of the safe with a bullet in his head.

The necklace, as well as the securities and bank-notes—everything of negotiable value was gone.

They looked about for Raoul. He was nowhere to be found. They called to mind his singular demeanor during the day. The police investigation, which was held that evening, showed that the revolver, which was still hot when it was discovered in the office, was bought by Raoul that very morning. They felt convinced that it was he who did the deed, nor did they doubt that he had escaped through the window, which was left open and looked out on to the roof of a small room, arranged corbel-wise, whence it was easy to reach, through another window, the staircase of the adjoining building.

Next morning Raoul was arrested at Havre at the moment when he was about to embark on the mail boat for New York.