The count entered the salons of the club with head erect and a proud gait, greeting his friends with a barely discernible smile, a mixture of hauteur and light-heartedness.

He was approaching his fortieth year, but he was still the beau Sagreda, as he had long been nicknamed by the noctambulous women of Maxim's and the early-rising Amazons of the Bois. A few gray hairs at his temples and a triangle of faint wrinkles at the corner of his brows, betrayed the effects of an existence that had been lived at too rapid a pace, with the vital machinery running at full speed. But his eyes were still youthful, intense and melancholy; eyes that caused him to be called "the Moor" by his men and women friends. The Viscounte de la Tresminière, crowned by the Academy as the author of a study on one of his ancestors who had been a companion of Condé, and highly appreciated by the antique dealers on the left bank of the Seine, who sold him all the bad canvases they had in store, called him Velazquez, satisfied that the swarthy, somewhat olive complexion of the count, his black, heavy mustache and his grave eyes, gave him the right to display his thorough acquaintance with Spanish art.

All the members of the club spoke of Sagreda's ruin with discreet compassion. The poor count! Not to fall heir to some new legacy. Not to meet some American millionairess who would be smitten with him and his titles!... They must do something to save him.

And he walked amid this mute and smiling pity without being at all aware of it, encased in his pride, receiving as admiration that which was really compassionate sympathy, forced to have recourse to painful simulations in order to surround himself with as much luxury as before, thinking that he was deceiving others and deceiving only himself.

Sagreda cherished no illusions as to the future. All the relatives that might come to his rescue with a timely legacy had done so many years before, upon making their exit from the world's stage. None that might recall his name was left beyond the mountains. In Spain he had only some distant relatives, personages of the nobility united to him more by historic bonds than by ties of blood. They addressed him familiarly, but he could expect from them no help other than good advice and admonitions against his wild extravagance.... It was all over. Fifteen years of dazzling display had consumed the supply of wealth with which Sagreda one day arrived in Paris. The granges of Andalusia, with their droves of cattle and horses, had changed hands without ever having made the acquaintance of this owner, devoted to luxury and always absent. After them, the vast wheat fields of Castilla and the rice fields of Valencia, and the villages of the northern provinces, had gone into strange hands,—all the princely possessions of the ancient counts of Sagreda, plus the inheritances from various pious aunts, and the considerable legacies of other relatives who had died of old age in their ancient country houses.

Paris and the elegant summer seasons had in a few years devoured this fortune of centuries. The recollection of a few noisy love affairs with two actresses in vogue; the nostalgic smile of a dozen costly women of the world; the forgotten fame of several duels; a certain prestige as a rash, calm gambler, and a reputation as a knightly swordsman, intransigeant in matters of honor, were all that remained to the beau Sagreda after his downfall.

He lived upon his past, contracting new debts with certain providers who, recalling other financial crises, trusted to a re-establishment of his fortune. "His fate was settled," according to the count's own words. When he could do no more, he would resort to a final course. Kill himself?... never. Men like him committed suicide only because of gambling debts or debts of honor. Ancestors of his, noble and glorious, had owed huge sums to persons who were not their equals, without for a moment considering suicide on this account. When the creditors should shut their doors to him, and the money-lenders should threaten him with a public court scandal, Count de Sagreda, making a heroic effort, would wrench himself away from the sweet Parisian life. His ancestors had been soldiers and colonizers. He would join the foreign legion of Algeria, or would take passage for that America which had been conquered by his forefathers, becoming a mounted shepherd in the solitudes of Southern Chile or upon the boundless plains of Patagonia.

Until the dreaded moment should arrive, this hazardous, cruel existence that forced him to live a continuous lie, was the best period of his career. From his last trip to Spain, made for the purpose of liquidating certain remnants of his patrimony, he had returned with a woman, a maiden of the provinces who had been captivated by the prestige of the nobleman; in her affection, ardent and submissive at the same time, there was almost as much admiration as love. A woman!... Sagreda for the first time realized the full significance of this word, as if up to then he had not understood it. His present companion was a woman; the nervous, dissatisfied females who had filled his previous existence, with their painted smiles and voluptuous artifices, belonged to another species.

And now that the real woman had arrived, his money was departing forever!... And when misfortune appeared, love came with it!... Sagreda, lamenting his lost fortune, struggled hard to maintain his outward pompous show. He lived as before, in the same house, without retrenching his budget, making his companion presents of value equal to those that he had lavished upon his former women friends, enjoying an almost paternal satisfaction before the childish surprise and the ingenuous happiness of the poor girl, who was overwhelmed by the brilliant life of Paris.

Sagreda was drowning,—drowning!—but with a smile on his lips, content with himself, with his present life, with this sweet dream, which was to be the final one and which was lasting miraculously long. Fate, which had maltreated him in the past few years, consuming the remainders of his wealth at Monte Carlo, at Ostend and in the notable clubs of the Boulevard, seemed now to stretch out a helping hand, touched by his new existence. Every night, after dining with his companion at a fashionable restaurant, he would leave her at the theatre and go to his club, the only place where luck awaited him. He did not plunge heavily. Simple games of écarté with intimate friends, chums of his youth, who continued their happy career with the aid of great fortunes, or who had settled down after marrying wealth, retaining among their former habits the custom of visiting the honorable circle.