"I am not sure that I know why, myself," he said finally. "Perhaps, because you have done me a kindness and I would not like to have you burn your fingers in a moment of absent-mindedness. Perhaps, because we might disagree, and I should not care to take the chance of your shooting first!"

He squinted at the liqueur, swallowed it slowly and with extreme appreciation, smacked his lips, and then, cocking his feet up on Cazeby's brass club fender, began to smoke again, staring into the dwindling fire. His host watched him in silence, until he should be ready to speak, which he presently began to do, with his cigarette drooping from the corner of his month and moving in time to his words. He had suddenly and curiously become a man of the world—of the grand monde—and his speech had shaken off all trace of slang, and was tinged instead with the faint club sarcasm which one hears in the glass card-room of the Volney or over coffee on the roof of the Automobile. Moreover, it was beautiful French. Not Mounet himself could have done better.

"The only man to whom one should confide personal secrets," said Bibi-la-Raie, "is he whom one has never seen before and will, as is probable, never see again. I could tell you many things, Monsieur Cazeby, since that is your name,—I have seen your morning's mail, you know!—but, for the moment, let it suffice to say that the voyou who accosted you this evening is of birth as good as yours—pardon, but probably better! Wein, weib, und gesang—you know the saying. Add cards and the race-course, and you have, complete, the short ladder of five rungs down which I have been successful in climbing. I shall presume to the extent of supposing that you have just accomplished the same descent. One learns much thereby, but more after one has reached the ground. In many ways I am afraid experience has made me cynical, but in one it has taught me optimism. I have found, and I think I shall continue to find, that there is always something worth looking into around the next corner of even the darkest street. The rue des Sablons, for instance. It was very dark to-night, very damp, and very cold. Assuredly, as I turned into the avenue d'Eylau I had no reason to foresee a supper, Russian cigarettes, and chartreuse jaune. And yet, me voilà! Now what most of us lack—what you, in particular, seem to lack, Monsieur Cazeby—is the tenacity needful if one is to get to that next turning."

"There are streets darker than the rue des Sablons," put in Anthony, falling in with the other's whimsical humor, "and that have no turning."

"You speak from conjecture, not experience," said Bibi-la-Raie. "You can never have seen one."

He glanced about the room, with the air of one making a mental inventory.

"First," he added, "there come the pawnshop, the exterior boulevards, the somewhat insufficient shelter of the Pont Royal. No, you have not come to the last corner."

"All that," said Cazeby, "is simply a matter of philosophy. Each of us has his own idea of what makes life worth the while. When that is no longer procurable, then that is the last corner."

"For instance—?"

"For instance, my own case. You have analyzed my situation sufficiently well—though when you said I was about to blow out my brains"—