M. Masseron was very frank in his reply:

“No, monsieur le président,” he said, plainly and without hesitation.

“Well, then. . . .”

And, turning to Don Luis:

“And you, sir,” Valenglay asked, “is it your last word?”

“My last word.”

“If we refuse . . . good-evening?”

“You have stated the case precisely, monsieur le président.”

“And, if we accept, will the gold be handed over at once?”

“At once.”