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sure sign that water is to be found near at hand. When one of them utters a note, I dig, and I find. And now, Marquis, do you understand the aim and end of our association?”

“It has,” remarked Hortebise quietly, “brought us in some years two hundred and fifty thousand francs apiece.”

If M. de Croisenois disliked prosy tales, he by no means underrated the eloquence of figures. He knew quite enough of Paris to understand that if Mascarin threw his net regularly, he would infallibly catch many fish. With this conviction firmly implanted in his mind, he did not require much urging to look with favor on the scheme, and, putting on a gracious smile, he now asked, “And what must I do to deserve admission into this association?”

Paul had listened in wonder and terror, but by degrees all feelings of disgust at the criminality of these men faded away before the power that they unquestionably possessed.

“If,” resumed Mascarin, “we have up to this met with no serious obstacles, it is because, though apparently acting rashly, we are in reality most prudent and cautious. We have managed our slaves well, and have not driven anyone to desperation. But we are beginning to weary of our profession; we are getting old, and we have need of repose. We intend, therefore, to retire, but before that we wish to have all matters securely settled. I have an immense mass of documentary evidence, but it is not always easy to realize the value they represent, and I wait upon your assistance to enable me to do so.”

Croisenois’ face fell. Was he to take compromising letters round to his acquaintances and boldly say, “Your purse or your honor?” He had no objection to share the profits of this ignoble trade, but he objected strongly to showing his connection with it openly. “No, no,” cried he hastily, “you must not depend upon me.”

He seemed so much in earnest that Hortebise and Catenac exchanged glances of dismay.

“Let us have no nonsense,” returned Mascarin sternly, “and wait a little before you display so much fierceness. I told you that my documentary evidence was of a peculiar kind. We very often had among our fish married people who cannot deal with their personal property. A husband, for instance, will say, ‘I can’t take ten thousand francs without my wife, knowing of it.’ Women say, ‘Why, I get all my money through my husband,’ and both are telling the truth. They kneel at my feet and entreat me to have mercy, saying, ‘Find me some excuse for using a portion of my funds and you shall have more than you ask.’ For a long time I have sought for this means, and at last I have found it in the Limited Company, which you, Marquis, will float next month.”

“Really!” returned the Marquis. “I do not see⁠—”

“I beg your pardon; you see it all clearly. A husband who cannot, without fear of disturbing his domestic peace, put in five thousand francs, can put in ten thousand if he tells his wife, ‘It is an investment;’ and many a wife who has not any money of her own will persuade her husband to bring in the money we require by the proposal to take shares. Now, what do you say to the idea?”

“I think that it is an excellent one, but what part am I to play in it?”

“In taking the part of Chairman of the Company. I could not do so, being merely the proprietor of a Servant’s Registry Office. Hortebise, as a doctor, and more than all a homeopath, would inspire no confidence, and Catenac’s legal profession prevents him appearing in the matter openly. He will act as our legal adviser.”

“But really I do not see anything about me that would induce people to invest,” remarked De Croisenois.

“You are too modest; you have your name and rank, which, however we may look upon them, have a great effect upon the general public. There are many Companies who pay directors of rank and credible connection very largely. Before starting this enterprise you can settle all your debts, and the world will then conclude that you are possessed of great wealth, while, at the same time, the news of your approaching marriage with Mademoiselle du Mussidan will be the general talk of society. What better position could you be in?”

“But I have the reputation of being a reckless spendthrift.”

“All the better. The day the prospectus comes out with your name at the head of it, there will be a universal burst of laughter. Men will say, ‘Do you see what Croisenois is at now? What on earth possessed him to go into Company work?’ But as this proceeding on your part will have paid your debts and given you Mademoiselle Sabine’s dowry, I think that the laugh will be on your side.”

The prospect dazzled Des Croisenois.

“And suppose I accept,” asked he, “what will be the end of the farce?”

“Very simple. When all the shares are taken up, you will close the office and let the Company look after itself.”

Croisenois started to his feet angrily. “Why,” cried he, “you intend to make a catspaw of me! Such a proceeding would send me to penal servitude.”

“What an ungrateful man he is!” said Mascarin, appealing to his audience, “when I am doing all I can to prevent his going there.”

“Sir!”

But Catenac now felt it time to interfere. “You do not understand,” remarked he, addressing Croisenois. “You will start a Company for the development of some native product, let us say Pyrenean marble, for instance, issue a prospectus, and the shares will be at once taken up by Mascarin’s clients.”

“Well, what happens then?”

“Why, out of the funds thus obtained we will take care when the crash comes to reimburse any outsiders who may have taken shares in the concern, telling them that the thing has been a failure, and that we are ruined; while Mascarin will take care to obtain from all his clients a discharge

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