“What on earth’s the matter with you?” she said quickly, staring at him.

“I find all this immensely exciting,” he said. “Consider, Josine: step by step, by the confidential information of three old men, who have passed on the torch from one to the other, we go back rather more than a century, and there we come into touch with a legend—what do I say? with a formidable secret rather—which goes back to the Middle Ages. The chain is unbroken. Every link is in its place. And as the last link in this chain behold Beaumagnan. What has Beaumagnan done? Must we declare him worthy of his rôle, or relieve him of it? Am I to ally myself with him or tear the torch from his hand?”

Ralph’s exaltation made it quite clear to Josephine that he would not allow her to break off her narrative. She hesitated, however, for the most important words, perhaps—at any rate, the most serious—remained to be spoken, the words which assigned to her her rôle.

But he said sharply: “Go on, Josine. The path that lies before us is magnificent. We will tread it together and together we will enjoy the reward which is waiting for us at the end of it.”

This was fairly reassuring; and she went on:

“Beaumagnan is explained in one word; and that word is ‘ambition.’ From the very beginning he made his religious vocation, which is real enough, the servant of his ambition, which is boundless; and the two of them guided him into the Society of Jesus, in which he holds a post of considerable importance. The discovery of the cardinal’s memorandum made him lose his head. Immense vistas have opened before him. He succeeded in convincing some of his superiors that this treasure really exists, inflamed them with the lust for incalculable wealth, and persuaded them to put at his disposal all the influence which the Jesuits possess, to help him in this enterprise.

“Then he gathered round him a dozen country gentlemen, more or less honorable and more or less in debt, to whom he revealed only a part of the affair and whom he has trained to be a band of conspirators ready for any task. Each of them has his sphere of action, each his sphere of investigation; and he holds them by the money he lavishes on them.

“Two years of careful and minute investigation have produced results by no means negligible. First of all they have learned that the priest who was guillotined was Brother Nicolas, treasurer of Fécamp Abbey. Then, by dint of ransacking secret archives and old records, they have discovered a curious correspondence formerly carried on between all the monasteries in France; and it appears to be established that since a very remote time there was throughout the country a current of money, which was in the nature of a tithe paid by all the religious institutions, that flowed only into the monasteries of the Caux country. This seems to have constituted a common treasure, an inexhaustible reserve in view of possible attacks to be repelled, or crusades to be undertaken. A treasury council, composed of seven members, handled this wealth, but only one of them knew its hiding-place.

“The Revolution destroyed all the monasteries. But the treasure existed. Brother Nicolas was its last guardian.”

A prolonged silence followed her narrative. Ralph’s curiosity had not been disappointed; and he was deeply moved. He murmured with restrained enthusiasm: