The father of our spendthrift had, shortly before his death, obliged one of his employés by loaning him eleven thousand francs to start in the coal business. And the creditor, knowing his debtor's probity, had made the loan subject to no other condition than this: "You will pay my son the interest on this sum at five per cent. That makes five hundred and fifty francs a year that you will have to pay him so long as it doesn't inconvenience you; and, in any event, not more than ten years. After that time, your debt will be paid. But it must be understood that I forbid you ever to repay the principal."

These conditions were witnessed by no written contract; the merchant had declined to take his debtor's note. But the latter had faithfully carried out his former employer's intentions. Every three months, he brought Arthur one hundred and thirty-seven francs fifty centimes, the stipulated interest of the money he had received. In his prosperous days, when he still had an income of thirty-five thousand francs, young Arthur had often said to Bernardin—that was the coal dealer's name:

"What the devil do you expect me to do with your hundred and thirty-seven francs, Bernardin? As if I cared for such a trifle! Go and have a good fish dinner at La Râpée—with some pretty wench. That will be much better. I consider that you've paid up."

But the coal dealer, an upright, economical man, scrupulously exact in all his dealings, always contented himself with replying:

"I owe you this money, monsieur; it's the interest on what your late father was kind enough to give me. I say give, because my late excellent master would not even let me pay him the interest."

"I know all that, Bernardin; I know all that; but, you see, I don't ask you for the interest either. You are welcome to keep it; buy bonbons for your children with it."

"My children have all they need, monsieur; and I make it a point to fulfil my engagements."

"There is no real obligation in this case, as I have no note, no receipt, from you."

"Between honest men there's no need of any writing, monsieur. I offered your father a note, and he positively refused; just as he forbade me ever to repay the principal on which I pay you the interest."

"And you are to pay the interest only ten years; I know that too."