Seeing M. de Tregars and M. Costeclar engaged in conversation,

“Why! you know each other?” he said.

M. de Tregars advanced a step,

“We are even intimate friends,” he replied.  “And it is very lucky that we should have met.  I am brought here by the same matter as our dear Costeclar; and I was just explaining to him that he has been too hasty, and that it would be best to wait three or four days longer.”

“That’s just what I told him,” echoed the honorable financier.

Maxence understood only one thing,—­that M. de Tregars had penetrated M. Costeclar’s designs; and he could not sufficiently admire his presence of mind, and his skill in grasping an unexpected opportunity.

“Fortunately there is nothing done yet,” added M. Latterman.

“And it is yet time to alter what has been agreed on,” said M. de Tregars.  And, addressing himself to Costeclar,

“Come,” he added, “we’ll fix things with M. Latterman.”

But the other, who remembered the scene in the Rue St. Gilles, and who had his own reasons to be alarmed, would sooner have jumped out of the window.

“I am expected,” he stammered.  “Arrange matters without me.”

“Then you give me carte blanche?”

Ah, if the brilliant financier had dared!  But he felt upon him such threatening eyes, that he dared not even make a gesture of denial.

“Whatever you do will be satisfactory,” he said in the tone of a man who sees himself lost.

And, as he was going out of the door, M. de Tregars stepped into M. Latterman’s private office.  He remained only five minutes; and when he joined Maxence, whom he had begged to wait for him,

“I think that we have got them,” he said as they walked off.

Their next visit was to M. Saint Pavin, at the office of “The Financial Pilot.”  Every one must have seen at least one copy of that paper with its ingenious vignette, representing a bold mariner steering a boat, filled with timid passengers, towards the harbor of Million, over a stormy sea, bristling with the rocks of failure and the shoals of ruin.  The office of “The Pilot” is, in fact, less a newspaper office than a sort of general business agency.

As at M. Latterman’s, there are clerks scribbling behind wire screens, small windows, a cashier, and an immense blackboard, on which the latest quotations of the Rente, and other French and foreign securities, are written in chalk.

As “The Pilot” spends some hundred thousand francs a year in advertising, in order to obtain subscribers; as, on the other hand, it only costs three francs a year,—­it is clear that it is not on its subscriptions that it realizes any profits.  It has other sources of income:  its brokerages first; for it buys, sells, and executes, as the prospectus says, all orders for stocks, bonds, or other securities, for the best interests of the client.  And it has plenty of business.