"I have not forgotten that such a machine would be necessary," returned Ivan, quietly.

"Let us suppose," continued the prince, "that you do succeed in getting a sufficient quantity of fluid to bear upon the burning mass. Don't you perceive that this very supply will develop a monstrous amount of gas, which would permeate the pit from top to bottom, and cause another and still worse explosion?"

"I have foreseen this danger."

"And, finally, if you possess any idea, which you evidently do, of the mechanism of machines and the expenditure necessary to procure the best, you must face the problem that a million of money will not be sufficient to procure the necessary materials which would be wanting to make the experiment successful."

"I have drawn up an estimate of probable outlay."

The shareholders here shouted out to him that they undertook all expenses, even if they amounted to a million, and on the spot it was agreed that Ivan should receive full powers to do for the Bondavara mine what he considered necessary, let the cost be what it might.

Prince Sondersheim saw that he could not stem the course of Ivan's popularity; it must have its way. While the assembled shareholders were signing the deed of authorization, he took Ivan aside, and said to him:

"Ivan Behrend, whether the undertaking you have engaged in succeeds or not—I do not believe that it will succeed—you will have taken out of my pocket a million—a million net. Besides this, you have squandered five hundred gulden of your own money, without reckoning what is yet to be spent. Let that be. You have done this by fixing the quotations at par. It is true that the shares will neither be bought nor sold, for both sides will be afraid, and will hold back; nevertheless, the quotation will stand at par, and I am obliged to pay the difference on this—that will cost me a million. But that is nothing; I have lost as much before now, and recovered it again. One has only to play the waiting game. If, however, in a fortnight's time you find that you miscalculated your powers, and that your experiment fails, you have only to let it be known, and I shall pay one million into your hand."

Ivan answered this contemptible proposal with business-like composure.

"Prince Sondersheim, the stock-exchange is, as I am well aware, a privileged place. Here a man can say things without having any fear of consequences. What a man says or does, what proposals he makes—everything is, in a sense, allowable, and the ordinary rules which govern the outside world do not apply. Here one man may ask the other, 'How much do you ask for selling the honor of your company?' and if the answer is, 'It is not for sale,' that is enough. Here there is plain speaking; no one is offended at being asked to be an accomplice in a robbery. It would be no reflection on his character; he would assume no airs of righteousness, but simply answer, 'I really haven't time.' If men quarrel, if they spit at one another, tear the hats off one another's heads, that is nothing; it goes no further; no one turns round to look at them. They wipe the spittle off their faces, pick up their hats, and after half an hour walk about arm in arm. No one remembers that they were fighting; it was only a little 'difference,' which led to an animated scene. Therefore, to the proposal made by Sondersheim, the Bondavara coal-merchant, to Behrend, the Bondavara coal-trader, there is but one answer, 'Sir, I cannot entertain your offer.' Prince Waldemar Sondersheim will, however, do well to remember not to repeat outside the stock-exchange such a proposal to Ivan Behrend."