"It wouldn't be a very ruinous loss, in any event," said Andrew.

Radwalder was choosing a cigarette from his case.

"I wonder," he answered, rolling it between his fingers, "if you'd mind my asking you if you mean that? To some people it would be a consideration; to others, none whatever. It isn't conventional, or even good form, to pry into a man's finances, but we shall probably be going about together, more or less, during your stay, and in such a case I always like to know how a man stands in regard to expenses. I don't want to embarrass you by proposing things you don't feel you can afford, still less to be a clog upon you when you wish to go beyond my means."

He looked up, smiling frankly.

"Don't misunderstand me," he added. "It's not in the least an idle curiosity. I'm an old friend of Mrs. Carnby's, and it would be a great pleasure to do anything to make your visit a success. But, if you'll trust me, I'd be glad to know how you propose to live. You don't think me impertinent?"

"Not in the least," said Andrew. "I understand perfectly. It's a very sensible point of view. And I'll say candidly that my grandfather, Mr. Sterling, has been very generous; so that, unless I'm totally reckless, there's no reason why I shouldn't have the best of everything." He paused for a moment, and then added: "My letter of credit is for thirty thousand francs."

"Thank you," said Radwalader. "It makes things easier. I'd forgotten for the moment your relationship to Mr. Sterling, or I shouldn't have needed to take the liberty of speaking as I did. I met him once in Boston, I think. Isn't he called the 'Copper Czar'?"

"I believe he is," replied Andrew. "But there's not much in nicknames, you know."

"No, of course not," agreed his companion. "There goes the bell. For once, it's a fair start."

Far away, beyond the thickly-peopled stretch of the pelouse, a group of gaily-coloured dots went rocking rapidly to the left, vanished for an instant at the turn, and then flashed into view again in the form of jockeys standing stiffly in their stirrups, as the horses swept down the transverse stretch. People were shouting all about them, and in Andrew's unaccustomed ears the blood surged and hammered madly. He was at the age when there is nothing more inspiring than such a play of life and action, under the open sky and over the close-cropped turf. The ripple of lithe muscles along the sleek flanks of the horses; the set, smooth-shaven faces of the rigid jockeys; the gleam of sunlight and colour; and the deep, crescendo voice of the multitude, swelling to thunder as the racers flew past—all these set his pulses tingling, until he, too, cried out impulsively in his excitement. It was his first horse-race, and his first glimpse of Paris into the bargain. There is more than enough in the combination to set young blood aglow.