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thus to his kinsman:

MY DEAR COUSIN,—I lose not a post in replying to your kind and considerate letter. It is not in my power at present to return to England. I need not say how fondly I cherish the hope of representing the dear old county some day. If Vavasour could be induced to defer his resignation of the seat for another session, or at least for six or seven months, why then I might be free to avail myself of the opening; at present I am not. Meanwhile I am sorely tempted to buy back the old Lodge; probably the brewer would allow me to leave on mortgage the sum I myself have on the property, and a few additional thousands. I have reasons for not wishing to transfer at present much of the money now invested in the Funds. I will consider this point, which probably does not press.

I reserve all Paris news till my next; and begging you to forgive so curt and unsatisfactory a reply to a letter so important that it excites me more than I like to own, believe me your affectionate friend and cousin,

GRAHAM. CHAPTER II.

AT about the same hour on the same day in which the Englishman held the conference with the Parisian detective just related, the Marquis de Rochebriant found himself by appointment in the cabinet d'affaires of his avoue M. Gandrin that gentleman had hitherto not found time to give him a definite opinion as to the case submitted to his judgment. The avoue received Alain with a kind of forced civility, in which the natural intelligence of the Marquis, despite his inexperience of life, discovered embarrassment.

"Monsieur le Marquis," said Gandrin, fidgeting among the papers on his bureau, "this is a very complicated business. I have given not only my best attention to it, but to your general interests. To be plain, your estate, though a fine one, is fearfully encumbered—fearfully— frightfully."

"Sir," said the Marquis, haughtily, "that is a fact which was never disguised from you."

"I do not say that it was, Marquis; but I scarcely realized the amount of the liabilities nor the nature of the property. It will be difficult— nay, I fear, impossible—to find any capitalist to advance a sum that will cover the mortgages at an interest less than you now pay. As for a Company to take the whole trouble off your hands, clear off the mortgages, manage the forests, develop the fisheries, guarantee you an adequate income, and at the end of twenty-one years or so render up to you or your heirs the free enjoyment of an estate thus improved, we must dismiss that prospect as a wild dream of my good friend M. Hebert. People in the provinces do dream; in Paris everybody is wide awake."

"Monsieur," said the Marquis, with that inborn imperturbable loftiness of sang froid which has always in adverse circumstances characterized the French noblesse, "be kind enough to restore my papers. I see that you are not the man for me. Allow me only to thank you, and inquire the amount of my debt for the trouble I have given."

"Perhaps you are quite justified in thinking I am not the man for you, Monsieur le Marquis; and your papers shall, if you decide on dismissing me, be returned to you this evening. But as to my accepting remuneration where I have rendered no service, I request M. le Marquis to put that out of the question. Considering myself, then, no longer your avoue, do not think I take too great a liberty in volunteering my counsel as a friend,—or a friend at least to M. Hebert, if you do not vouchsafe my right so to address yourself."

M. Gandrin spoke with a certain dignity of voice and manner which touched and softened his listener.

"You make me your debtor far more than I pretend to repay," replied Alain. "Heaven knows I want a friend, and I will heed with gratitude and respect all your counsels in that character."

"Plainly and briefly, my advice is this: M. Louvier is the principal mortgagee. He is among the six richest capitalists of Paris. He does not, therefore, want money, but, like most self-made men, he is very accessible to social vanities. He would be proud to think he had rendered a service to a Rochebriant. Approach him, either through me, or, far better, at once introduce yourself, and propose to consolidate all your other liabilities in one mortgage to him, at a rate of interest lower than that which is now paid to some of the small mortgagees. This would add considerably to your income and would carry out M. Hebert's advice."

"But does it not strike you, dear M. Gandrin, that such going cap-in-hand to one who has power over my fate, while I have none over his, would scarcely be consistent with my self-respect, not as Rochebriant only, but as Frenchman?"

"It does not strike me so in the least; at all events, I could make the proposal on your behalf, without compromising yourself, though I should be far more sanguine of success if you addressed M. Louvier in person."

"I should nevertheless prefer leaving it in your hands; but even for that I must take a few days to consider. Of all the mortgagees M. Louvier has been hitherto the severest and most menacing, the one whom Hebert dreads the most; and should he become sole mortgagee, my whole estate would pass to him if, through any succession of bad seasons and failing tenants, the interest was not punctually paid."

"It could so pass to him now."

"No; for there have been years in which the other mortgagees, who are Bretons and would be loath to ruin a Rochebriant, have been lenient and patient."

"If Louvier has not been equally so, it is only because he knew nothing of you, and your father no doubt had often sorely tasked his endurance. Come, suppose we manage to break the ice easily. Do me the honour to dine here to meet him; you will find that he is not an unpleasant man."

The Marquis hesitated, but the thought of the sharp and seemingly hopeless struggle for the retention of his ancestral home to which he would be doomed if he returned from Paris unsuccessful in his errand overmastered his pride. He felt as if that self-conquest was a duty he owed to the very tombs of his fathers. "I ought not to shrink from the face of a creditor," said he, smiling somewhat sadly, "and I accept the proposal you so graciously make."

"You do well, Marquis, and I will write at once to Louvier to ask him to give me his first disengaged day."

The Marquis had no sooner quitted the house than M. Gandrin opened a door at the side of his office, and a large portly man strode into the room,— stride it was rather than step,—firm, self-assured, arrogant, masterful.

"Well, mon ami," said this man, taking his stand at the hearth, as a king might take his stand in the hall of his vassal, "and what says our petit muscadin?"

"He is neither petit nor muscadin, Monsieur Louvier," replied Gandrin, peevishly; "and he will task your powers to get him thoroughly into your net. But I have persuaded him to meet you here. What day can you dine with me? I had better ask no one else."

"To-morrow I dine with my friend O——-, to meet the chiefs of the
Opposition," said M. Louvier, with a sort of careless rollicking
pomposity. "Thursday with Pereire; Saturday I entertain at home. Say
Friday. Your hour?"

"Seven."

"Good! Show me those Rochebriant papers again; there is something I had forgotten to note. Never mind me. Go on with your work as if I were not here."

Louvier took up the papers, seated himself in an armchair by the fireplace, stretched out his legs, and read at his ease, but with a very rapid eye, as a practised lawyer skims through the technical forms of a case to fasten upon the marrow of it.

"Ah! as I thought. The farms could not pay even the interest on my present mortgage; the forests come in for that. If a contractor for the yearly sale of the woods was bankrupt and did not pay, how could I get my interest? Answer me that, Gandrin."

"Certainly you must run the risk of that chance."

"Of course the chance occurs, and then I foreclose, seize,—Rochebriant and its seigneuries are mine."

As he spoke he laughed, not sardonically,—a jovial laugh,—and opened wide, to reshut as in a vice, the strong iron hand which had doubtless closed over many a man's all.

"Thanks. On Friday, seven o'clock." He tossed the papers back on the bureau, nodded a royal nod, and strode forth imperiously as he had strode in.

CHAPTER III.

MEANWHILE the young Marquis pursued his way thoughtfully through the streets, and entered the Champs Elysees. Since we first, nay, since we last saw him, he is strikingly improved in outward appearances. He has unconsciously acquired more of the easy grace of the Parisian in gait and bearing. You would no longer detect the Provincial—perhaps, however, because he is now dressed, though very simply, in habiliments that belong to the style of the day. Rarely among the loungers in the Champs Elysees could be seen a finer form, a comelier face, an air of more unmistakable distinction.

The eyes of many a passing fair one gazed on him, admiringly or coquettishly. But he was still so little the true Parisian that they got no smile, no look in return. He was wrapped in his own thoughts; was he thinking of M. Louvier?

He had nearly gained the entrance of the Bois de Boulogne, when he was accosted by a voice behind, and turning round saw his friend Lemercier arm-in-arm with Graham Vane.

"Bonjour, Alain," said Lemercier, hooking his disengaged arm into
Rochebriant's. "I suspect we are going the same way."

Alain felt himself change countenance at this conjecture, and replied coldly, "I think not; I have got to the end of my walk, and shall turn back to Paris;" addressing himself to the Englishman, he said with formal politeness, "I regret not to have found you at home when I called some weeks ago, and no less so to have been out when you had the complaisance to return my visit."

"At all events," replied the Englishman, "let me not lose the opportunity of improving our acquaintance which now offers. It is true that our friend Lemercier, catching sight of me in the Rue de Rivoli, stopped his coupe and carried me off for a promenade in the Bois. The fineness of the day tempted us to get out of his carriage as the Bois came in sight. But if you are going back to Paris I relinquish the Bois and offer myself as your companion."

Frederic (the name is so familiarly English that the reader might think me pedantic did I accentuate it as French) looked from one to the other of his two friends, half amused and half angry.

"And am I to be left alone to achieve a conquest, in which, if I succeed,
I shall change into hate and envy the affection of my two best friends?
Be it so.

"' Un veritable amant ne connait point d'amis.'"

"I do not comprehend your meaning," said the Marquis, with a compressed lip and a slight frown.

"Bah!" cried Frederic; "come, franc jeu; cards on the table. M. Gram Varn was going into the Bois at my suggestion

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