"Here he is," answered the secretary.

Cayrol came in, hurriedly.

"Well," he asked, with great anxiety, "have you any news?"

"Pierre has just come from London," answered the mistress. "What we feared is true. Herzog, conjointly with my son-in-law, has made use of the ten millions belonging to the European Credit."

"Do you think that Herzog has really bolted?" inquired Marechal.

"No! he is too deep for that," replied Cayrol. "He will return. He knows that in compromising the Prince it is as if he had compromised the firm of Desvarennes, therefore he is quite easy on the matter."

"Can the one be saved without the other?" asked the mistress.

"It is impossible. Herzog has so firmly bound up his interests with those of the Prince that it will be necessary to extricate both or let both perish together."

"Well, we must save Herzog into the bargain, then!" said Madame
Desvarennes, coldly. "But by what means?"

"These," answered Cayrol. "The shares taken away by Herzog, under the security of the Prince's signature, were deposited by the shareholders. When the Universal Credit removed to its new offices, these shares were taken away by mistake. It will suffice to replace the scrip. I will give back the receipt to the Prince and all trace of this deplorable affair will be wiped out."