"Your great barons of finance are sometimes subject to executions," said he.

"Were not Chalais, Cinq-Mars, Biron, and Montmorency executed?" asked
Herzog, with irony.

"That was on a scaffold," replied Panine.

"Well! the speculator's scaffold is the Bourse! But only small dabblers in money succumb; the great ones are safe from danger. They are supported in their undertakings by such powerful and numerous interests that they cannot fail without involving public credit; even governments are forced to come to their aid. One of these powerful and indestructible enterprises I have dreamed of grafting on to the European Credit Company, the Universal Credit Company. Its very name is a programme in itself. To stretch over the four quarters of the globe like an immense net, and draw into its meshes all financial speculators: such is its aim. Nobody will be able to withstand us. I am offering you great things, but I dream of still greater. I have ideas. You will see them developed, and will profit by them, if you join my fortunes. You are ambitious, Prince. I guessed it; but your ambition hitherto has been satisfied with small things—luxurious indulgences and triumphs of elegance! What are these worth to what I can give you? The sphere in which you move is narrow. I will make it immense. You will no longer reign over a small social circle, you will rule a world."

Serge, more affected than he cared to show, tried to banter.

"Are you repeating the prologue to Faust?" asked he. "Where is your magical compact? Must I sign it?"

"Not at all. Your consent is sufficient. Look into the business, study it at your leisure, and measure the results; and then if it suit you, you can sign a deed of partnership. Then in a few years you may possess a fortune surpassing all that you have dreamed of."

The financier remained silent. Serge was weighing the question. Herzog was happy; he had shown himself to all Paris in company with Madame Desvarennes's son-in-law. He had already realized one of his projects. The carriage was just passing down the Champs Elysees. The weather was lovely, and in the distance could be seen the trees of the Tuileries and the different monuments of the Place de la Concorde bathed in blue mist. Groups of horsemen were cantering along the side avenues. Long files of carriages were rolling rapidly by with well-dressed ladies. The capital displayed at that hour all the splendor of its luxury. It was Paris in all its strength and gayety.

Herzog stretched out his hand, and calling the Prince's attention to the sight, said:

"There's your empire!"