Thorpe, his chin on his breast, continued to regard the melancholy figure opposite with a moody eye. It seemed a long minute before he broke the tense silence by a sigh of discomfort. “I do not discuss these things with anybody,” he said then, coldly. “If I had known who you were, I don't think you'd have got in.”

The Marquis of Chaldon intuitively straightened himself in his chair, and turned toward the speaker a glance of distressed surprise.

“Or no—I beg your pardon,” Thorpe hastened to add, upon the instant hint of this look—“that doesn't convey my meaning. Of course, our Chairman brings whom he pleases. His friends—as a matter of course—are our friends. What I should have said was that if this had been mentioned beforehand to me, I should have explained that it wasn't possible to discuss that particular business.”

“But—pardon me”—said Lord Chaldon, in a quiet, very gentle, yet insistent voice, which seemed now to recall to its listeners the fact that sovereigns and chancellors had in their day had attentive ears for its tones—“pardon me, but why should it not be possible?”

Thorpe frowned doubtfully, and shifted his position in his chair. “What could I say, if it were discussed?” he made vague retort. “I'm merely one of the Directors. You are our Chairman, but you see he hasn't found it of any use to discuss it with you. There are hard and fast rules about these things. They run their natural course. You are not a business man, my Lord——”

“Oh, I think I may be called a 'business man,'” interposed the nobleman, suavely. “They would tell you so in Calcutta, I think, and in Cairo too. When one considers it, I have transacted a great deal of business—on the behalf of other people. And if you will permit me—I do not impute indirection, of course—but your remark seems to require a footnote. It is true that I am Chairman of the Board on which you are a Director—but it is not quite the whole truth. I as Chairman know absolutely nothing about this matter. As I understand the situation, it is not in your capacity as a Director that you know anything about it either. Yet——”

He paused, as if suddenly conscious of some impropriety in this domestic frankness before a third party, and Thorpe pounced through his well-mannered hesitation with the swiftness of a bird of prey.

“Let me suggest,” he said roundly, lifting his head and poising a hand to hold attention, while he thought upon what it was he should suggest—“this is what I would say. It seems rather irregular, doesn't it? to debate the matter in the presence of an outsider. You see it yourself. That is partly what I meant. Now I have met Mr. Fromentin,” he gave the name its English vowels with an obstinate emphasis, “and I have heard his statement. You have heard it too. If he wishes to lay more facts before us, why, well and good. But then I would suggest that he leave the matter in our hands, to discuss and look into between ourselves. That seems to you the proper course, doesn't it, Lord Chaldon?”

The French banker had been studying with strained acuteness the big lymphatic mask of the Director, with sundry sharp glances aside at the Chairman. The nervous changes on his alert, meagre old face showed how intently he followed every phase of their talk. A certain sardonic perception of evil in the air curled on his lip when he saw the Marquis accede with a bow and wave of the hand to Thorpe's proposition. Then he made his bow in turn, and put the best face possible upon the matter.

“Naturally I consult your convenience—and the proprieties,” he said, with an effect of proud humility. “There are but a few other facts to submit. My nephew has already paid, in differences upon those accursed two thousand shares, a sum of nearly 30,000 pounds. I have the figures in my pocket—but they are fixed in my head as well. Twenty-eight thousand five hundred, those differences already amount to, not to speak of interest. At the last settlement, August 1st, the price per share was 15 pounds. That would make 30,000 pounds more, if we bought now—or a total of practically 60,000 pounds. Eh bien! I beg for the privilege of being allowed to buy these shares now. It is an unpleasant confession to make, but the firm of Fromentin Freres will be made very poor by this loss of 60,000 pounds. It was not always so, but it is so now. My nephew Robert has brought it into that condition. You see my shame at this admission. With all my own means, and with his sister's marriage portion, we can make up this sum of 30,000 pounds, and still enable the firm to remain in existence. I have gone over the books very painstakingly, since I arrived in London. It can be kept afloat, and it can be brought back to safe and moderately profitable courses—if nothing worse happens. With another six weeks like the last, this will not be at all possible. We shall have the cup of dishonour thrust between our teeth. That will be the end of everything.”