Gotzkowsky's large bright eyes rested for a moment searchingly and speculatively on Ephraim's countenance; and the light, mocking smile which stood on the lips of the Jew confirmed his determination, and strengthened him in his resolution. "My house has failed," said he, quietly and proudly, and, reading the anxiety and terror depicted on their countenances, he continued almost exultingly: "yes! my house has failed. The document in which I announced it and declared myself a bankrupt, has already been sent to the magistracy and the merchant's guild."

"You dare not fail!" cried Itzig, in a rage.

"You dare not put this insult upon the Council and the town," exclaimed the aldermen, with dignity. "We cannot allow posterity to say of us, 'The town of Berlin left the noblest of her citizens to perish in want and misery.'"

"It will be well for me if posterity should say so, for then my name and my honor will be saved."

"But the magistracy will be delighted to be able to show its gratitude toward you."

"And the Jews will be delighted, too," cried Itzig. "The Jews are ready to help you."

Gotzkowsky cast an angry look at him. "That is to say, you have calculated that it will not profit you if I do fail. You have large drafts on me, and if I fail, you only get a portion of your debt; whereas, if I stand, you get the whole. You would be magnanimous from self-interest, but I do not accept your magnanimity—you shall lose. Let that be your punishment, and my revenge. You have wounded my heart unto death, therefore I will strike you on the only spot in which you are sensitive to pain: I attack your greed of money. You come too late; I am bankrupt! My drafts are no longer current, but my honor will not die with my firm."

They were all silent, and gazed down to the earth frowningly. Only one looked toward Gotzkowsky with a clear, bright eye. This was Ephraim, who, mindful of his conversation with Gotzkowsky, said to himself, triumphantly, "He has taken one lesson from me—he has learned to despise mankind."

But Itzig was only the more furious. "You wish our ruin," said he, angrily. "You will be ungrateful. The Jews, who made you a present of a handsome ring, have not deserved that of you. What will the world say?"

"The world will learn the cause of my ruin, and condemn you," said Gotzkowsky. "Go, take all that I have; I will reserve nothing; I despise riches and estate. I wish to be poor; for in poverty is peace. I turn my back upon this house, and I take nothing with me but this laurel-wreath and you, my children."