"You are a reactionary martinet," growled Pistasch. "Am I the first to associate with speculators? Barenfeld, Calmonsky, Hermsdorf--are all men very different from myself, but you see their names at the head of all kinds of banks and stock companies."

"Unfortunately;" said Oswald, "that charlatan of a Capriani has infected you all--you all want to learn from that gentleman the secret of manufacturing gold. But you will learn nothing, and will inevitably all burn your fingers. I should think you might take warning from poor old Count Malzin."

"Oh, Malzin was such an unpractical man, he looked at everything from an ideal point of view," replied Pistasch.

"So much the better!" exclaimed Oswald eagerly. "That was why throughout the whole business it was his property alone that was sacrificed. You cannot imagine the harm done by this dabbling in speculation. It undermines our whole social order. We are at best not much else than romantic ruins. So long as the ruins can succeed in inspiring the public with respect, just so long they may remain standing. But let them once lose their prestige, and they will be regarded as useless rubbish, and as such be cleared away as soon as possible. What preserves us is a strict sense of honour, and a contempt for ignoble methods of money getting. Pride without a chivalric back-ground is but a shabby characteristic, and if ...."

Some one knocked at the door, and the waiter entering handed Oswald a visiting-card.

"Le comte Alfred de Capriani," read Oswald, "it must be for you," he said contemptuously, without noticing the few words written under the name, as he tossed the card to Pistasch.

"No," said the latter, "it is for you--look there--read,--'begs Count Lodrin for a brief interview.'"

"Extraordinary presumption!" grumbled Oswald, and then, with a shrug, he told the waiter to show the Conte in.

"You consent to receive him?" asked Pistasch.

"Good Heavens, yes!" replied Oswald, smiling, "he has just done me a kindness, my dear Pistasch, and has come for his pay. There are people who play the usurer with their kindnesses as well as with their money. I will tell you the story by-and-by."