Julie watched him, the shadow of a smile playing about her mouth.

“Have you seen this lady’s jewels, mother?” she asked. “I adore precious stones.”

“I have seen some of them,” said her mother. “To-night her maid brought to her a necklace and bracelets of diamonds, besides a coiffure and rings of great beauty, no doubt without price. But she sent them away again, saying that she would wear others. Those I did not see, but it is certain that she has many, and all wonderful. Every day she wears different ones and, constantly, a string of enormous pearls. Without those last I have never seen her. They are as large as marbles and, to tell the truth, not much more pretty, for my taste. When I tell you that she employs a night watchman, whose sole duty is to patrol the house every night, you will understand that the value of what it contains must be large.”

“That’s just what these capitalists do,” cried Bert excitedly. “They lock away thousands of pounds like that when the money ought to be out in the world paying just and equal wages. I should like to see it made a criminal offence to wear jewellery.”

“But what would happen to the people who make it?” asked Julie. “They would all lose their means of earning a livelihood, is it not so? What would the pearl fisher do, or those who dig precious stones out of the earth? And the polishers and setters? Every industry has a host depending on it for a demand for its labour.”

“There would be less need for labour,” said Bert more gently, as was always the case when he spoke to her, “if the money was taken from the capitalists and divided among the people.”

“Still——” objected Julie again.

Madame Querterot, however, did not propose to listen to an argument on the benefits to be expected from Socialism; she had frequently heard all that Bert had to say on the subject, and it had bored her very considerably. She pushed back her chair and stood up.

“It is half-past seven,” she said, “we must put on our hats for the theatre. It begins at nine, but we shall take twenty minutes getting there, and I want to have good places. Come and get ready, Julie.”