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M. de Tregars and Maxence had patiently taken a seat on a hardleather bench, once red; and they were listening and looking on.

There was considerable animation about the place. Every fewminutes, well-dressed young men came in with a hurried andimportant look, and, taking out of their pocket a memorandum-book,they would speak a few sentences of that peculiar dialect,bristling with figures, which is the language of the bourse. Atthe end of fifteen or twenty minutes,"Will M. Latterman be engaged much longer?" inquired M. de Traggers.

"I do not know," replied a clerk.

At that very moment, the little door on the left opened, and thecustomer came out who had detained M. Latterman so long. Thiscustomer was no other than M. Costeclar. Noticing M. de Traggersand Maxence, who had risen at the noise of the door, he appearedmost disagreeably surprised. He even turned slightly pale, andtook a step backwards, as if intending to return precipitatelyinto the room that he was leaving; for M. Latterman's office,like that of all other large operators, had several doors, withoutcounting the one that leads to the police-court. But M. deTraggers gave him no time to effect this retreat. Stepping suddenlyforward,"Well?" he asked him in a tone that was almost threatening.

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The brilliant financier had condescended to take off his hat,usually riveted upon his head, and, with the smile of a knave caughtin the act,"I did not expect to meet you here, my lord-marquis," he said.

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At the title of "marquis," everybody looked up. "I believe you,indeed," said M. de Traggers. "But what I want to know is, howis the matter progressing?""The plot is thickening. Justice is acting."Indeed!""It is a fact. Jules Jottras, of the house of Jottras and Brother,was arrested this morning, just as he arrived at the bourse.""Why?""Because, it seems, he was an accomplice of Favoral; and it washe who sold the bonds stolen from the Mutual Credit."Maxence had started at the mention of his father's name but, witha significant glance, M. de Traggers bid him remain silent, and,in a sarcastic tone,"Famous capture!" he murmured. "And which proves theclear-sightedness of justice.""But this is not all," resumed M. Costeclar. "Saint Pavin, theeditor of 'The Financial Pilot,' you know, is thought to be seriouslycompromised. There was a rumor, at the close of the market, that awarrant either had been, or was about to be, issued against him.""And the Baron de Thaller?"The employes of the office could not help admiring M. Costeclar'sextraordinary amount of patience.

"The baron," he replied, "made his appearance at the bourse thisafternoon, and was the object of a veritable ovation..""That is admirable! And what did he say?""That the damage was already repaired.""Then the shares of the Mutual Credit must have advanced.""Unfortunately, not. They did not go above one hundred and tenfrancs.""Were you not astonished at that?""Not much, because, you see, I am a business-man, I am; and I knowpretty well how things work. When they left M. de Thaller thismorning, the stockholders of the Mutual Credit had a meeting; andthey pledged themselves, upon honor, not to sell, so as not to breakthe market. As soon as they had separated, each one said to himself,'Since the others are going to keep their stock, like fools, I amgoing to sell mine.' Now, as there were three or four hundred ofthem who argued the same way, the market was flooded with shares."Looking the brilliant financier straight in the eyes,"And yourself?" interrupted M. de Traggers.

"I!" stammered M. Costeclar, so visibly agitated, that the clerkscould not help laughing.

"Yes. I wish to know if you have been more faithful to your wordthan the stockholders of whom you are speaking, and whether youhave done as we had agreed.""Certainly; and, if you find me here"But M. de Traggers, placing his own hand over his shoulder, stoppedhim short.

"I think I know what brought you here," he uttered; "and in a fewmoments I shall have ascertained.""I swear to you.""Don't swear. If I am mistaken, so much the better for you. If Iam not mistaken, I'll prove to you that it is dangerous to try anysharp game on me, though I am not a business-man."Meantime M. Latterman, seeing no customer coming to take the placeof the one who had left, became impatient at last, and appearedupon the threshold of his private office.

He was a man still young, small, thick-set, and vulgar. At thefirst glance, nothing of him could be seen but his abdomen, - a big,great, and ponderous abdomen, seat of his thoughts, and tabernacleof his aspirations, over which dangled a double gold chain, loadedwith trinkets. Above an apoplectic neck, red as that of aturkey-cock, stood his little head, covered with coarse red hair,cut very short. He wore a heavy beard, trimmed in the form of a fan.

His large, full-moon face was divided in two by a nose as flat as aKalmuck's, and illuminated by two small eyes, in which could be readthe most thorough duplicity.

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Seeing M. de Traggers and M. Costeclar engaged in conversation,"Why! you know each other?" he said.

M. de Traggers advanced a step,"We are even-intimate friends," he replied. "And it is very luckythat we should have met. I am brought here by the same matter asour dear Costeclar; and I was just explaining to him that he hasbeen too hasty, and that it would be best to wait three or four dayslonger.""That's just what I told him," echoed the honorable financier.

Maxence understood only one thing, - that M. de Tregars hadpenetrated M. Costeclar's designs; and he could not sufficientlyadmire his presence of mind, and his skill in grasping an unexpectedopportunity.

"Fortunately there is nothing done yet," added M. Latterman.

"And it is yet time to alter what has been agreed on," said M. deTraggers. 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, andwho had his own reasons to be alarmed, would sooner have jumped outof 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 suchthreatening eyes, that he dared even make a gesture of denial.

"Whatever you do will be satisfactory," he said in the tone of aman who sees himself lost.