She faced him slowly, her expression gently sympathetic.

“Have you not heard?”

“Heard what, Madame?”

“Of Monsieur North’s misfortune—you must have seen it in the newspapers——”

“The newspapers! No—what is it?”

“Monsieur North has lost his money.”

DeLaunay rose quickly, one hand before him as though to ward off a blow.

“What you tell me is impossible,” he said thickly.

“No,” gravely. “It is true.”