Cesar, who once walked the streets of Paris with his head high and his eye beaming with confidence, now, unstrung by perplexity, shrank from meeting Claparon; he began to realize that a banker's heart is mere viscera. Claparon had seemed to him so brutal in his coarse jollity, and he had felt the man's vulgarity so keenly, that he shuddered at the necessity of accosting him.

"But he is nearer to the people; perhaps he will therefore have more heart!" Such was the first reproachful word which the anguish of his position forced from Cesar's lips.

Birotteau drew upon the dregs of his courage, and went up the stairway of a mean little entresol, at whose windows he had caught a glimpse of green curtains yellowed by the sun. He read the word "Offices," stamped in black letters on an oval copper-plate; he rapped, nobody answered, and he went in. The place, worse than humble, conveyed an idea of penury, or avarice, or neglect. No employe was to be seen behind the brass lattice which topped an unpainted white wooden enclosure, breast-high, within which were tables and desks in stained black wood. These deserted places were littered with inkstands, in which the ink was mouldy and the pens as rumpled as a ragammufin's head, and twisted like sunfish; with boxes and papers and printed matter,—all worthless, no doubt. The floor was as dirty, defaced, and damp as that of a boarding-house. The second room, announced by the word "Counting-Room" on its door, harmonized with the grim facetiae of its neighbor. In one corner was a large space screened off by an oak balustrade, trellised with copper wire and furnished with a sliding cat-hole, within which was an enormous iron chest. This space, apparently given over to the rioting of rats, also contained an odd-looking desk, with a shabby arm-chair, which was ragged, green, and torn in the seat,—from which the horse-hair protruded, like the wig of its master, in half a hundred libertine curls. The chief adornment of this room, which had evidently been the salon of the appartement before it was converted into a banking-office, was a round table covered with a green cloth, round which stood a few old chairs of black leather with tarnished gilt nails. The fireplace, somewhat elegant, showed none of the sooty marks of a fire; the hearth was clean; the mirror, covered with fly-specks, had a paltry air, in keeping with a mahogany clock bought at the sale of some old notary, which annoyed the eye, already depressed by two candelabras without candles and the sticky dust that covered them. The wall-paper, mouse-gray with a pink border, revealed, by certain fuliginous stains, the unwholesome presence of smokers. Nothing ever more faithfully represented that prosaic precinct called by the newspapers an "editorial sanctum." Birotteau, fearing that he might be indiscreet, knocked sharply three times on the door opposite to that by which he entered.

"Come in!" cried Claparon, the reverberation of whose voice revealed the distance it had to traverse and the emptiness of the room,—in which Cesar heard the crackling of a good fire, though the owner was apparently not there.

The room was, in truth, Claparon's private office. Between the ostentatious reception-room of Francois Keller and the untidy abode of the counterfeit banker, there was all the difference that exists between Versailles and the wigwam of a Huron chief. Birotteau had witnessed the splendors of finance; he was now to see its fooleries. Lying in bed, in a sort of oblong recess or den opening from the farther end of the office, and where the habits of a slovenly life had spoiled, dirtied, greased, torn, defaced, obliterated, and ruined furniture which had been elegant in its day, Claparon, at the entrance of Birotteau, wrapped his filthy dressing-gown around him, laid down his pipe, and drew together the curtains of the bed with a haste which made even the innocent perfumer suspect his morals.

"Sit down, monsieur," said the make-believe banker.

Claparon, without his wig, his head wrapped up in a bandanna handkerchief twisted awry, seemed all the more hideous to Birotteau because, when the dressing-gown gaped open, he saw an undershirt of knitted wool, once white, but now yellowed by wear indefinitely prolonged.

"Will you breakfast with me?" said Claparon, recollecting the perfumer's ball, and thinking to make him a return and also to put him off the scent by this invitation.

Cesar now perceived a round table, hastily cleared of its litter, which bore testimony to the presence of jovial company by a pate, oysters, white wine, and vulgar kidneys, sautes au vin de champagne, sodden in their own sauce. The light of a charcoal brazier gleamed on an omelette aux truffes.

Two covers and two napkins, soiled by the supper of the previous night, might have enlightened the purest innocence. Claparon, thinking himself very clever, pressed his invitation in spite of Cesar's refusal.

"I was to have had a guest, but that guest has disappointed me," said the crafty traveller, in a voice likely to reach a person buried under coverlets.

"Monsieur," said Birotteau, "I came solely on business, and I shall not detain you long."

"I'm used up," said Claparon, pointing to the desk and the tables piled with documents; "they don't leave me a poor miserable moment to myself! I don't receive people except on Saturdays. But as for you, my dear friend, I'll see you at any time. I haven't a moment to love or to loaf; I have lost even the inspiration of business; to catch its vim one must have the sloth of ease. Nobody ever sees me now on the boulevard doing nothing. Bah! I'm sick of business; I don't want to talk about business; I've got money enough, but I never can get enough happiness. My gracious! I want to travel,—to see Italy! Oh, that dear Italy! beautiful in spite of all her reverses! adorable land, where I shall no doubt encounter some angel, complying yet majestic! I have always loved Italian women. Did you ever have an Italian woman yourself? No? Then come with me to Italy. We will see Venice, the abode of doges,—unfortunately fallen into those intelligent Austrian hands that know nothing of art! Bah! let us get rid of business, canals, loans, and peaceful governments. I'm a good fellow when I've got my pockets lined. Thunder! let's travel."

"One word, monsieur, and I will release you," said Birotteau. "You made over my notes to Monsieur Bidault."

"You mean Gigonnet, that good little Gigonnet, easy-going—"

"Yes," said Cesar; "but I wish,—and here I count upon your honor and delicacy,—"

Claparon bowed.

"—to renew those notes."

"Impossible!" snapped the banker. "I'm not alone in the matter. We have met in council,—regular Chamber; but we all agreed like bacon in a frying-pan. The devil! we deliberated. Those lands about the Madeleine don't amount to anything; we are operating elsewhere. Hey! my dear sir, if we were not involved in the Champs Elysees and at the Bourse which they are going to finish, and in the quartier Saint-Lazare and at Tivoli, we shouldn't be, as that fat Nucingen says, in peaseness at all. What's the Madeleine to us?—a midge of a thing. Pr-r-r! We don't play low, my good fellow," he said, tapping Birotteau on the stomach and catching him round the waist. "Come, let's have our breakfast, and talk," added Claparon, wishing to soften his refusal.

"Very good," said Birotteau. "So much the worse for the other guest," he thought, meaning to make Claparon drunk, and to find out who were his real associates in an affair which began to look suspicious to him.

"All right! Victoire!" called the banker.

This call brought a regular Leonarde, tricked out like a fish-woman.

"Tell the clerks that I can't see any one,—not even Nucingen, Keller, Gigonnet, and all the rest of them."

"No one has come but Monsieur Lempereur."

"He can receive the great people," said Claparon; "the small fry are not to get beyond the first room. They are to say I'm cogitating a great enterprise—in champagne."

To make an old commercial traveller drunk is an impossibility. Cesar mistook the elation of the man's vulgarity when he attempted to sound his mind.

"That infamous Roguin is still connected with you," he began; "don't you think you ought to write and tell him to assist an old friend whom he has compromised,—a man with whom he dined every Sunday, and whom he has known for twenty years?"

"Roguin? A fool! his share is ours now. Don't be worried, old fellow, all will go well. Pay up to the 15th, and after that we will see—I say, we will see. Another glass of wine? The capital doesn't concern me one atom; pay or don't pay, I sha'n't make faces at you. I'm only in the business for a commission on the sales, and for a share when the lands are converted into money; and it's for that I manage the owners. Don't you understand? You have got solid men behind you, so I'm not afraid, my good sir. Nowadays, business is all parcelled out in portions. A single enterprise requires a combination of capacities. Go in with us; don't potter with pomatum and perfumes,—rubbish! rubbish! Shave the public; speculate!"

"Speculation!" said Cesar, "is that commerce?"

"It is abstract commerce," said Claparon,—"commerce which won't be developed for ten years to come, according to Nucingen, the Napoleon of finance; commerce by which a man can grasp the totality of fractions, and skim the profits before there are any. Gigantic idea! one way of pouring hope into pint cups,—in short, a new necromancy! So far, we have only got ten or a dozen hard heads initiated into the cabalistic secrets of these magnificent combinations."

Cesar opened his eyes and ears, endeavoring to understand this composite phraseology.

"Listen," said Claparon, after a pause. "Such master-strokes need men. There's the man of genius who hasn't a sou—like all men of genius. Those fellows spend their thoughts and spend their money just as it comes. Imagine a pig rooting round a truffle-patch; he is followed by a jolly fellow, a moneyed man, who listens for the grunt as piggy finds the succulent. Now, when the man of genius has found a good thing, the moneyed man taps him on the shoulder and says, 'What have you got there? You are rushing into the fiery furnace, my good fellow, and you haven't the loins to run out again. There's a thousand francs; just let me take it in hand and manage the affair.' Very good! The banker then convokes the traders: 'My friends, let us go to work: write a prospectus! Down with humbug!' On that they get out the hunting-horns and shout and clamor,—'One hundred thousand francs for five sous! or five sous for a hundred thousand francs! gold mines! coal mines!' In short, all the clap-trap of commerce. We buy up men of arts and sciences; the show begins, the public enters; it gets its money's worth, and we get the profits. The pig is penned up with his potatoes, and the rest of us wallow in banknotes. There it all is, my good sir. Come, go into the business with us. What would you like to be,—pig, buzzard, clown, or millionaire? Reflect upon it; I have now laid before you the whole theory of the modern loan-system. Come and see me often; you'll always find me a jovial, jolly fellow. French joviality—gaiety and gravity, all in one—never injures business; quite the contrary. Men who quaff the sparkling cup are born to understand each other. Come, another glass of champagne! it is good, I tell you! It was sent to me from Epernay itself, by a man for whom I once sold quantities at a good price—I used to be in wines. He shows his gratitude, and remembers me in my prosperity; very rare, that."

Birotteau, overcome by the frivolity and heedlessness of a man to whom the world attributed extreme depth and capacity, dared not question him any further. In the midst of his own haziness of mind produced by the champagne, he did, however, recollect a name spoken by du Tillet; and he asked Claparon who Gobseck the banker was, and where he lived.

"Have you got as far as that?" said Claparon. "Gobseck is a banker, just as the headsman is a doctor. The first word is 'fifty per cent'; he belongs to the race of Harpagon; he'll take canary birds at all seasons, fur tippets in summer, nankeens in winter. What securities are you going to offer him? If you want him to take your paper without security you will have to deposit your wife, your daughter, your umbrella, everything down to your hat-box, your socks (don't you go in for ribbed socks?), your shovel and tongs, and the very wood you've got in the cellar! Gobseck! Gobseck! in the name of virtuous folly, who told you to go to that commercial guillotine?"

"Monsieur du Tillet."

"Ah! the scoundrel, I recognize him! We used to be friends. If we have quarrelled so that we don't speak to each other, you may depend upon it my aversion to him is well-founded; he let me read down to the bottom of his infamous soul, and he made me uncomfortable at that beautiful ball you gave us. I can't stand his impudent airs—all because he has got a notary's wife! I could have countesses if I wanted them; I sha'n't respect him any the more for that. Ah! my respect is a princess who'll never give birth to such as he. But, I say, you are a funny fellow, old man, to flash us a ball like that, and two months after try to renew your paper! You seem to have some go in you. Let's do business together. You have got a reputation which would be very useful to me. Oh! du Tillet was born to understand Gobseck. Du Tillet will come to a bad end at the Bourse. If he is, as they say, the tool of old Gobseck, he won't be allowed to go far. Gobseck sits in a corner of his web like an old spider who has travelled round the world. Sooner or later, ztit! the usurer will toss him off as I do this glass of wine. So much the better! Du Tillet has played me a trick—oh! a damnable trick."

At the end of an hour and a half spend in just such senseless chatter, Birotteau attempted to get away, seeing that the late commercial traveller was about to relate the adventure of a republican deputy of Marseilles, in love with a certain actress then playing the part of la belle Arsene, who, on one occasion, was hissed by a royalist crowd in the pit.

"He stood up in his box," said Claparon, "and shouted: 'Arrest whoever hissed her! Eugh! If it's a woman, I'll kiss her; if it's a man, we'll see about it; if it's neither the one nor the other, may God's lightning blast it!' Guess how it ended."

"Adieu, monsieur," said Birotteau.

"You will have to come and see me," said Claparon; "that first scrap of paper you gave Cayron has come back to us protested; I endorsed it, so I've paid it. I shall send after you; business before everything."

Birotteau felt stabbed to the heart by this cold and grinning kindness as much as by the harshness of Keller or the coarse German banter of Nucingen. The familiarity of the man, and his grotesque gabble excited by champagne, seemed to tarnish the soul of the honest bourgeois as though he came from a house of financial ill-fame. He went down the stairway and found himself in the streets without knowing where he was going. As he walked along the boulevards and reached the Rue Saint-Denis, he recollected Molineux, and turned into the Cour Batave. He went up the dirty, tortuous staircase which he once trod so proudly. He recalled to mind the mean and niggardly acrimony of Molineux, and he shrank from imploring his favor. The landlord was sitting in the chimney-corner, as on the occasion of Cesar's first visit, but his breakfast was now in process of digestion. Birotteau proffered his request.

"Renew a note for twelve hundred francs?" said Molineux, with mocking incredulity. "Have you got to that, monsieur? If you have not twelve hundred francs to pay me on the 15th, do you intend to send back my receipt for the rent unpaid? I shall be sorry; but I have not the smallest civility in money-matters,—my rents are my living. Without them how could I pay what I owe myself? No merchant will deny the soundness of that principle. Money is no respecter of persons; money has no ears, it has no heart. The winter is hard, the price of wood has gone up. If you don't pay me on the 15th, a little summons will be served upon you at twelve o'clock on the 16th. Bah! the worthy Mitral, your bailiff, is mine as well; he will send you the writ in an envelope, with all the consideration due to your high position."

"Monsieur, I have never received a summons in my life," said Birotteau.

"There is a beginning to everything," said Molineux.

Dismayed by the curt malevolence of the old man, Cesar was cowed; he heard the knell of failure ringing in his ears, and every jangle woke a memory of the stern sayings his pitiless justice had uttered against bankrupts. His former opinions now seared, as with fire, the soft substance of his brain.

"By the by," said Molineux, "you neglected to put upon your notes, 'for value received in rental,' which would secure me preference."

"My position will prevent me from doing anything to the detriment of my creditors," said Cesar, stunned by the sudden sight of the precipice yawning before him.

"Very good, monsieur, very good; I thought I knew everything relating to rentals and tenants, but I have learned through you never to take notes in payment. Ah! I shall sue you, for your answer shows plainly enough that you are not going to meet your liabilities. Hard cash is a matter which concerns every landlord in Paris."

Birotteau went out, weary of life. It is in the nature of such soft and tender souls to be disheartened by a first rebuff, just as a first success encourages them. Cesar no longer had any hope except in the devotion of little Popinot, to whom his thoughts naturally turned as he crossed the Marche des Innocents.

"Poor boy! who could have believed it when I launched him, only six weeks ago, in the Tuileries?"

It was just four o'clock, the hour at which the judges left their court-rooms. Popinot the elder chanced to go and see his nephew. This judge, whose mind was singularly acute on all moral questions, was also gifted with a second-sight which enabled him to discover secret intentions, to perceive the meaning of insignificant human actions, the germs of crime, the roots of wrongdoing; and he now watched Birotteau, though Birotteau was not aware of it. The perfumer, who was annoyed at finding the judge with his nephew, seemed to him harassed, preoccupied, pensive. Little Popinot, always busy, with his pen behind his ear, lay down as usual flat on his stomach before the father of his Cesarine. The empty phrases which Cesar addressed to his partner seemed to the judge to mask some important request. Instead of going away, the crafty old man stayed in spite of his nephew's evident desire, for he guessed that the perfumer would soon try to get rid of him by going away himself. Accordingly, when Birotteau went out the judge followed, and saw Birotteau hanging about that part of the Rue des Cinq-Diamants which leads into the Rue Aubry-le-Boucher. This trifling circumstance roused the suspicions of old Popinot as to Cesar's intentions; he turned into the Rue des Lombards, and when he saw the perfumer re-enter Anselme's door, he came hastily back again.

"My dear Popinot," said Cesar to his partner, "I have come to ask a service of you."

"What can I do?" cried Popinot with generous ardor.

"Ah! you save my life," exclaimed the poor man, comforted by this warmth of heart which flamed upon the sea of ice he had traversed for twenty-five days.

"You must give me a note for fifty thousand francs on my share of the profits; we will arrange later about the payment."

Popinot looked fixedly at Cesar. Cesar dropped his eyes. At this moment the judge re-entered.

"My son—ah! excuse me, Monsieur Birotteau—Anselme, I forget to tell you—" and with an imperious gesture he led his nephew into the street and forced him, in his shirt-sleeves and bareheaded, to listen as they walked towards the Rue des Lombards. "My nephew, your old master may find himself so involved that he will be forced to make an assignment. Before taking that step, honorable men who have forty years of integrity to boast of, virtuous men seeking to save their good name, will play the part of reckless gamblers; they become capable of anything; they will sell their wives, traffic with their daughters, compromise their best friends, pawn what does not belong to them; they will frequent gambling-tables, become dissemblers, hypocrites, liars; they will even shed tears. I have witnessed strange things. You yourself have seen Roguin's respectability,—a man to whom they would have given the sacraments without confession. I do not apply these remarks in their full force to Monsieur Birotteau,—I believe him to be an honest man; but if he asks you to do anything, no matter what, against the rules of business, such as endorsing notes out of good-nature, or launching into a system of 'circulations,' which, to my mind, is the first step to swindling,—for it is uttering counterfeit paper-money,—if he asks you to do anything of the kind, promise me that you will sign nothing without consulting me. Remember that if you love his daughter you must not—in the very interests of your love you must not—destroy your future. If Monsieur Birotteau is to fall, what will it avail if you fall too? You will deprive yourselves, one as much as the other, of all the chances of your new business, which may prove his only refuge."

"Thank you, my uncle; a word to the wise is enough," said Popinot, to whom Cesar's heart-rending exclamation was now explained.

The merchant in oils, refined and otherwise, returned to his gloomy shop with an anxious brow. Birotteau saw the change.

"Will you do me the honor to come up into my bedroom? We shall be better there. The clerks, though very busy, might overhear us."

Birotteau followed Popinot, a prey to the anxiety a condemned man goes through from the moment of his appeal for mercy until its rejection.

"My dear benefactor," said Anselme, "you cannot doubt my devotion; it is absolute. Permit me only to ask you one thing. Will this sum clear you entirely, or is it only a means of delaying some catastrophe? If it is that, what good will it do to drag me down also? You want notes at ninety days. Well, it is absolutely impossible that I could meet them in that time."

Birotteau rose, pale and solemn, and looked at Popinot.

Popinot, horror-struck, cried out, "I will do them for you, if you wish it."

"UNGRATEFUL!" said his master, who spent his whole remaining strength in hurling the word at Anselme's brow, as if it were a living mark of infamy.

Birotteau walked to the door, and went out. Popinot, rousing himself from the sensation which the terrible word produced upon him, rushed down the staircase and into the street, but Birotteau was out of sight. Cesarine's lover heard that dreadful charge ringing in his ears, and saw the distorted face of the poor distracted Cesar constantly before him; Popinot was to live henceforth, like Hamlet, with a spectre beside him.

Birotteau wandered about the streets of the neighborhood like a drunken man. At last he found himself upon the quay, and followed it till he reached Sevres, where he passed the night at an inn, maddened with grief, while his terrified wife dared not send in search of him. She knew that in such circumstances an alarm, imprudently given, might be fatal to his credit, and the wise Constance sacrificed her own anxiety to her husband's commercial reputation: she waited silently through the night, mingling her prayers and terrors. Was Cesar dead? Had he left Paris on the scent of some last hope? The next morning she behaved as though she knew the reasons for his absence; but at five o'clock in the afternoon when Cesar had not returned, she sent for her uncle and begged him to go at once to the Morgue. During the whole of that day the courageous creature sat behind her counter, her daughter embroidering beside her. When Pillerault returned, Cesar was with him; on his way back the old man had met him in the Palais-Royal, hesitating before the entrance to a gambling-house.

This was the 14th. At dinner Cesar could not eat. His stomach, violently contracted, rejected food. The evening hours were terrible. The shaken man went through, for the hundredth time, one of those frightful alternations of hope and despair which, by forcing the soul to run up the scale of joyous emotion and then precipitating it to the last depths of agony, exhaust the vital strength of feeble beings. Derville, Birotteau's advocate, rushed into the handsome salon where Madame Cesar was using all her persuasion to retain her husband, who wished to sleep on the fifth floor,—"that I may not see," he said, "these monuments of my folly."

"The suit is won!" cried Derville.

At these words Cesar's drawn face relaxed; but his joy alarmed Derville and Pillerault. The women left the room to go and weep by themselves in Cesarine's chamber.

"Now I can get a loan!" cried Birotteau.

"It would be imprudent," said Derville; "they have appealed; the court might reverse the judgment; but in a month it would be safe."

"A month!"

Cesar fell into a sort of slumber, from which no one tried to rouse him,—a species of catalepsy, in which the body lived and suffered while the functions of the mind were in abeyance. This respite, bestowed by chance, was looked upon by Constance, Cesarine, Pillerault, and Derville as a blessing from God. And they judged rightly: Cesar was thus enabled to bear the harrowing emotions of that night. He was sitting in a corner of the sofa near the fire; his wife was in the other corner watching him attentively, with a soft smile upon her lips,—the smile which proves that women are nearer than men to angelic nature, in that they know how to mingle an infinite tenderness with an all-embracing compassion; a secret belonging only to angels seen in dreams providentially strewn at long intervals through the history of human life. Cesarine, sitting on a little stool at her mother's feet, touched her father's hand lightly with her hair from time to time, as she gave him a caress into which she strove to put the thoughts which, in such crises, the voice seems to render intrusive.

Seated in his arm-chair, like the Chancelier de l'Hopital on the peristyle of the Chamber of Deputies, Pillerault—a philosopher prepared for all events, and showing upon his countenance the wisdom of an Egyptian sphinx—was talking to Derville and his niece in a suppressed voice. Constance thought it best to consult the lawyer, whose discretion was beyond a doubt. With the balance-sheet written in her head, she explained the whole situation in low tones. After an hour's conference, held in presence of the stupefied Cesar, Derville shook his head and looked at Pillerault.

"Madame," he said, with the horrible coolness of his profession, "you must give in your schedule and make an assignment. Even supposing that by some contrivance you could meet the payments for to-morrow, you would have to pay down at least three hundred thousand francs before you could borrow on those lands. Your liabilities are five hundred thousand. To meet them you have assets that are very promising, very productive, but not convertible at present; you must fail within a given time. My opinion is that it is better to jump out of the window than to roll downstairs."

"That is my advice, too, dear child," said Pillerault.

Derville left, and Madame Cesar and Pillerault went with him to the door.

"Poor father!" said Cesarine, who rose softly to lay a kiss on Cesar's head. "Then Anselme could do nothing?" she added, as her mother and Pillerault returned.

"UNGRATEFUL!" cried Cesar, struck by the name of Anselme in the only living part of his memory,—as the note of a piano lifts the hammer which strikes its corresponding string.



V

From the moment when that word "Ungrateful" was flung at him like an anathema, little Popinot had not had an hour's sleep nor an instant's peace of mind. The unhappy lad cursed his uncle, and finally went to see him. To get the better of that experienced judicial wisdom he poured forth the eloquence of love, hoping it might seduce a being from whose mind human speech slips like water from a duck's back,—a judge!

"From a commercial point of view," he said, "custom does allow the managing-partner to advance a certain sum to the sleeping-partner on the profits of the business, and we are certain to make profits. After close examination of my affairs I do feel strong enough to pay forty thousand francs in three months. The known integrity of Monsieur Cesar is a guarantee that he will use that forty thousand to pay off his debts. Thus the creditors, if there should come a failure, can lay no blame on us. Besides, uncle, I would rather lose forty thousand francs than lose Cesarine. At this very moment while I am speaking, she has doubtless been told of my refusal, and will cease to esteem me. I vowed my blood to my benefactor! I am like a young sailor who ought to sink with his captain, or a soldier who should die with his general."

"Good heart and bad merchant, you will never lose my esteem," said the judge, pressing the hand of his nephew. "I have thought a great deal of this," he added. "I know you love Cesarine devotedly, and I think you can satisfy the claims of love and the claims of commerce."

"Ah! my uncle, if you have found a way my honor is saved!"

"Advance Birotteau fifty thousand on his share in your oil, which has now become a species of property, reserving to yourself the right of buying it back. I will draw up the deed."

Anselme embraced his uncle and rushed home, made notes to the amount of fifty thousand francs, and ran from the Rue des Cinq-Diamants to the Place Vendome, so that just as Cesarine, her mother, and Pillerault were gazing at Cesar, amazed at the sepulchural tone in which he had uttered the word "Ungrateful!" the door of the salon opened and Popinot appeared.

"My dear and beloved master!" he cried, wiping the perspiration from his forehead, "here is what you asked of me!" He held out the notes. "Yes, I have carefully examined my situation; you need have no fear, I shall be able to pay them. Save—save your honor!"

"I was sure of him!" cried Cesarine, seizing Popinot's hand, and pressing it with convulsive force.

Madame Cesar embraced him; Birotteau rose up like the righteous at the sound of the last trumpet, and issued, as it were, from the tomb. Then he stretched out a frenzied hand to seize the fifty stamped papers.

"Stop!" said the terrible uncle, Pillerault, snatching the papers from Popinot, "one moment!"

The four individuals present,—Cesar, his wife, Cesarine, and Popinot,—bewildered by the action of the old man and by the tone of his voice, saw him tear the papers and fling them in the fire, without attempting to interfere.

"Uncle!"

"Uncle!"

"Uncle!"

"Monsieur!"

Four voices and but one heart; a startling unanimity! Uncle Pillerault passed his arm round Popinot's neck, held him to his breast, and kissed him.

"You are worthy of the love of those who have hearts," he said. "If you loved a daughter of mine, had she a million and you had nothing but that [pointing to the black ashes of the notes], you should marry her in a fortnight, if she loved you. Your master," he said, pointing to Cesar, "is beside himself. My nephew," resumed Pillerault, gravely, addressing the poor man,—"my nephew, away with illusions! We must do business with francs, not feelings. All this is noble, but useless. I spent two hours at the Bourse this afternoon. You have not one farthing's credit; every one is talking of your disaster, of your attempts to renew, of your appeals to various bankers, of their refusals, of your follies,—going up six flights of stairs to beg a gossiping landlord, who chatters like a magpie, to renew a note of twelve hundred francs!—your ball, given to conceal your embarrassments. They have gone so far as to say you had no property in Roguin's hands; according to your enemies, Roguin is only a blind. A friend of mine, whom I sent about to learn what is going on, confirms what I tell you. Every one foresees that Popinot will issue notes, and believes that you set him up in business expressly as a last resource. In short, every calumny or slander which a man brings upon himself when he tries to mount a rung of the social ladder, is going the rounds among business men to-day. You might hawk about those notes of Popinot in vain; you would meet humiliating refusals; no one would take them; no one could be sure how many such notes you are issuing; every one expects you to sacrifice the poor lad to your own safety. You would destroy to no purpose the credit of the house of Popinot. Do you know how much the boldest money-lender would give you for those fifty thousand francs? Twenty thousand at the most; twenty thousand, do you hear me? There are crises in business when we must stand up three days before the world without eating, as if we had indigestion, and on the fourth day we may be admitted to the larder of credit. You cannot live through those three days; and the whole matter lies there. My poor nephew, take courage! file your schedule, make an assignment. Here is Popinot, here am I; we will go to work as soon as the clerks have gone to bed, and spare you the agony of it."

"My uncle!" said Cesar, clasping his hands.

"Cesar, would you choose a shameful failure, in which there are no assets? Your share in the house of Popinot is all that saves your honor."

Cesar, awakened by this last and fatal stream of light, saw at length the frightful truth in its full extent; he fell back upon the sofa, from thence to his knees, and his mind seemed to wander; he became like a little child. His wife thought he was dying. She knelt down to raise him, but joined her voice to his when she saw him clasp his hands and lift his eyes, and recite, with resigned contrition, in the hearing of his uncle, his daughter, and Popinot, the sublime catholic prayer:—

"Our Father who art in heaven, hallowed be Thy name; Thy kingdom come; Thy will be done on earth, as it is in heaven; GIVE US THIS DAY OUR DAILY BREAD; and forgive us our offences, as we forgive those who have offended against us. So be it!"

Tears came into the eyes of the stoic Pillerault; Cesarine, overcome and weeping, leaned her head upon Popinot's shoulder, as he stood pale and rigid as a statue.

"Let us go below," said the old merchant, taking the arm of the young man.

It was half-past eleven when they left Cesar to the care of his wife and daughter. Just at that moment Celestin, the head-clerk, to whom the management of the house had been left during this secret tumult, came up to the appartement and entered the salon. Hearing his step, Cesarine ran to meet him, that he might not see the prostration of his master.

"Among the letters this evening there was one from Tours, which was misdirected and therefore delayed. I thought it might be from monsieur's brother, so I did not open it."

"Father!" cried Cesarine; "a letter from my uncle at Tours!"

"Ah, I am saved!" cried Cesar. "My brother! oh, my brother!" He kissed the letter, as he broke the seal, and read it aloud to his wife and daughter in a trembling voice:—

Answer of Francois to Cesar Birotteau. Tours, 10th.

My beloved Brother,—Your letter gave me the deepest pain. As soon as I had read it, I went at once and offered to God the holy sacrifice of the Mass, imploring Him by the blood which His Son, our divine Redeemer, shed for us, to look with mercy upon your afflictions. At the moment when I offered the prayer Pro meo fratre Caesare, my eyes were filled with tears as I thought of you,—from whom, unfortunately, I am separated in these days when you must sorely need the support of fraternal friendship. I have thought that the worthy and venerable Monsieur Pillerault would doubtless replace me. My dear Cesar, never forget, in the midst of your troubles, that this life is a scene of trial, and is passing away; that one day we shall be rewarded for having suffered for the holy name of God, for His holy Church, for having followed the teachings of His Gospel and practised virtue. If it were otherwise, this world would have no meaning. I repeat to you these maxims, though I know how good and pious you are, because it may happen that those who, like you, are flung into the storms of life upon the perilous waves of human interests might be tempted to utter blasphemies in the midst of their adversity,—carried away as they are by anguish. Curse neither the men who injure you nor the God who mingles, at His will, your joy with bitterness. Look not on life, but lift your eyes to heaven; there is comfort for the weak, there are riches for the poor, there are terrors for the—

"But, Birotteau," said his wife, "skip all that, and see what he sends us."

"We will read it over and over hereafter," said Cesar, wiping his eyes and turning over the page,—letting fall, as he did so, a Treasury note. "I was sure of him, poor brother!" said Birotteau, picking up the note and continuing to read, in a voice broken by tears.

I went to Madame de Listomere, and without telling her the reason of my request I asked her to lend me all she could dispose of, so as to swell the amount of my savings. Her generosity has enabled me to make up a thousand francs; which I send herewith, in a note of the Receiver-General of Tours on the Treasury.

"A fine sum!" said Constance, looking at Cesarine.

By retrenching a few superfluities in my life, I can return the four hundred francs Madame de Listomere has lent me in three years; so do not make yourself uneasy about them, my dear Cesar. I send you all I have in the world; hoping that this sum may help you to a happy conclusion of your financial difficulties, which doubtless are only momentary. I well know your delicacy, and I wish to forestall your objections. Do not dream of paying me any interest for this money, nor of paying it back at all in the day of prosperity which ere long will dawn for you if God deigns to hear the prayers I offer to Him daily. After I received your last letter, two years ago, I thought you so rich that I felt at liberty to spend my savings upon the poor; but now, all that I have is yours. When you have overcome this little commercial difficulty, keep the sum I now send for my niece Cesarine; so that when she marries she may buy some trifle to remind her of her old uncle, who daily lifts his hands to heaven to implore the blessing of God upon her and all who are dear to her. And also, my dear Cesar, recollect I am a poor priest who dwells, by the grace of God, like the larks in the meadow, in quiet places, trying to obey the commandment of our divine Saviour, and who consequently needs but little money. Therefore, do not have the least scruple in the trying circumstances in which you find yourself; and think of me as one who loves you tenderly.

Our excellent Abbe Chapeloud, to whom I have not revealed your situation, desires me to convey his friendly regards to every member of your family, and his wishes for the continuance of your prosperity. Adieu, dear and well-beloved brother; I pray that at this painful juncture God will be pleased to preserve your health, and also that of your wife and daughter. I wish you, one and all, patience and courage under your afflictions.

Francois Birotteau, Priest, Vicar of the Cathedral and Parochial Church of Saint-Gatien de Tours.

"A thousand francs!" cried Madame Birotteau.

"Put them away," said Cesar gravely; "they are all he had. Besides, they belong to our daughter, and will enable us to live; so that we need ask nothing of our creditors."

"They will think you are abstracting large sums."

"Then I will show them the letter."

"They will say that it is a fraud."

"My God! my God!" cried Birotteau. "I once thought thus of poor, unhappy people who were doubtless as I am now."

Terribly anxious about Cesar's state, mother and daughter sat plying their needles by his side, in profound silence. At two in the morning Popinot gently opened the door of the salon and made a sign to Madame Cesar to come down. On seeing his niece Pillerault took off his spectacles.

"My child, there is hope," he said; "all is not lost. But your husband could not bear the uncertainty of the negotiations which Anselme and I are about to undertake. Don't leave your shop to-morrow, and take the addresses of all the bills; we have till four o'clock in the afternoon of the 15th. Here is my plan: Neither Ragon nor I am to be considered. Suppose that your hundred thousand francs deposited with Roguin had been remitted to the purchasers, you would not have them then any more than you have them now. The hundred and forty thousand francs for which notes were given to Claparon, and which must be paid in any state of the case, are what you have to meet. Therefore it is not Roguin's bankruptcy which as ruined you. I find, to meet your obligations, forty thousand francs which you can, sooner or later, borrow on your property in the Faubourg du Temple, and sixty thousand for your share in the house of Popinot. Thus you can make a struggle, for later you may borrow on the lands about the Madeleine. If your chief creditor agrees to help you, I shall not consider my interests; I shall sell out my Funds and live on dry bread; Popinot will get along between life and death, and as for you, you will be at the mercy of the smallest commercial mischance; but Cephalic Oil will undoubtedly make great returns. Popinot and I have consulted together; we will stand by you in this struggle. Ah! I shall eat my dry bread gaily if I see daylight breaking on the horizon. But everything depends on Gigonnet, who holds the notes, and the associates of Claparon. Popinot and I are going to see Gigonnet between seven and eight o'clock in the morning, and then we shall know what their intentions are."

Constance, wholly overcome, threw herself into her uncle's arms, voiceless except through tears and sobs.

Neither Popinot nor Pillerault knew or could know that Bidault, called Gigonnet, and Claparon were du Tillet under two shapes; and that du Tillet was resolved to read in the "Journal des Petites Affiches" this terrible article:—

"Judgment of the Court of Commerce, which declares the Sieur Cesar Birotteau, merchant-perfumer, living in Paris, Rue Saint-Honore, no. 397, insolvent, and appoints the preliminary examination on the 17th of January, 1819. Commissioner, Monsieur Gobenheim-Keller. Agent, Monsieur Molineux."

Anselme and Pillerault examined Cesar's affairs until daylight. At eight o'clock in the morning the two brave friends,—one an old soldier, the other a young recruit, who had never known, except by hearsay, the terrible anguish of those who commonly went up the staircase of Bidault called Gigonnet,—wended their way, without a word to each other, towards the Rue Grenetat. Both were suffering; from time to time Pillerault passed his hand across his brow.

The Rue Grenetat is a street where all the houses, crowded with trades of every kind, have a repulsive aspect. The buildings are horrible. The vile uncleanliness of manufactories is their leading feature. Old Gigonnet lived on the third floor of a house whose window-sashes, with small and very dirty panes, swung by the middle, on pivots. The staircase opened directly upon the street. The porter's lodge was on the entresol, in a space which was lighted only from the staircase. All the lodgers, with the exception of Gigonnet, worked at trades. Workmen were continually coming and going. The stairs were caked with a layer of mud, hard or soft according to the state of the atmosphere, and were covered with filth. Each landing of this noisome stairway bore the names of the occupants in gilt letters on a metal plate, painted red and varnished, to which were attached specimens of their craft. As a rule, the doors stood open and gave to view queer combinations of the domestic household and the manufacturing operations. Strange cries and grunts issued therefrom, with songs and whistles and hisses that recalled the hour of four o'clock in the Jardin des Plantes. On the first floor, in an evil-smelling lair, the handsomest braces to be found in the article-Paris were made. On the second floor, the elegant boxes which adorn the shop-windows of the boulevards and the Palais-Royal at the beginning of the new year were manufactured, in the midst of the vilest filth. Gigonnet eventually died, worth eighteen hundred thousand francs, on a third floor of this house, from which no consideration could move him; though his niece, Madame Saillard, offered to give him an appartement in a hotel in the Place Royalle.

"Courage!" said Pillerault, as he pulled the deer's hoof hanging from the bell-rope of Gigonnet's clean gray door.

Gigonnet opened the door himself. Cesar's two supporters, entering the precincts of bankruptcy, crossed the first room, which was clean and chilly and without curtains to its windows. All three sat down in the inner room where the money-lender lived, before a hearth full of ashes, in the midst of which the wood was successfully defending itself against the fire. Popinot's courage froze at sight of the usurer's green boxes and the monastic austerity of the room, whose atmosphere was like that of a cellar. He looked with a wondering eye at the miserable blueish paper sprinkled with tricolor flowers, which had been on the walls for twenty-five years; and then his anxious glance fell upon the chimney-piece, ornamented with a clock shaped like a lyre, and two oval vases in Sevres blue richly mounted in copper-gilt. This relic, picked up by Gigonnet after the pillage of Versailles, where the populace broke nearly everything, came from the queen's boudoir; but these rare vases were flanked by two candelabra of abject shape made of wrought-iron, and the barbarous contrast recalled the circumstances under which the vases had been acquired.

"I know that you have not come on your own account," said Gigonnet, "but on behalf of the great Birotteau. Well, what is it, my friends?"

"We can tell you nothing that you do not already know; so I will be brief," said Pillerault. "You have notes to the order of Claparon?"

"Yes."

"Will you exchange the first fifty thousand of those notes against the notes of Monsieur Popinot, here present,—less the discount, of course?"

Gigonnet took off the terrible green cap which seemed to have been born on him, pointed to his skull, denuded of hair and of the color of fresh butter, made his usual Voltairean grimace, and said: "You wish to pay me in hair-oil; have I any use for it?"

"If you choose to jest, there is nothing to be done but to beat a retreat," said Pillerault.

"You speak like the wise man that you are," answered Gigonnet, with a flattering smile.

"Well, suppose I endorse Monsieur Popinot's notes?" said Pillerault, playing his last card.

"You are gold by the ingot, Monsieur Pillerault; but I don't want bars of gold, I want my money."

Pillerault and Popinot bowed and went away. Going down the stairs, Popinot's knees shook under him.

"Is that a man?" he said to Pillerault.

"They say so," replied the other. "My boy, always bear in mind this short interview. Anselme, you have just seen the banking-business unmasked, without its cloak of courtesy. Unexpected events are the screw of the press, we are the grapes, the bankers are the casks. That land speculation is no doubt a good one; Gigonnet, or some one behind him, means to strangle Cesar and step into his skin. It is all over; there's no remedy. But such is the Bank: be warned; never have recourse to it!"

After this horrible morning, during which Madame Birotteau for the first time sent away those who came for their money, taking their addresses, the courageous woman, happy in the thought that she was thus sparing her husband from distress, saw Popinot and Pillerault, for whom she waited with ever-growing anxiety, return at eleven o'clock, and read her sentence in their faces. The assignment was inevitable.

"He will die of grief," said the poor woman.

"I could almost wish he might," said Pillerault, solemnly; "but he is so religious that, as things are now, his director, the Abbe Loraux, alone can save him."

Pillerault, Popinot, and Constance waited while a clerk was sent to bring the Abbe Loraux, before they carried up to Cesar the schedule which Celestin had prepared, and asked him to affix his signature. The clerks were in despair, for they loved their master. At four o'clock the good priest came; Constance explained the misfortune that had fallen upon them, and the abbe went upstairs as a soldier mounts the breach.

"I know why you have come!" cried Birotteau.

"My son," said the priest, "your feelings of resignation to the Divine will have long been known to me; it now remains to apply them. Keep your eyes upon the cross; never cease to behold it, and think upon the humiliations heaped upon the Saviour of men. Meditate upon the agonies of his passion, and you will be able to bear the mortification which God has laid upon you—"

"My brother, the abbe, has already prepared me," said Cesar, showing the letter, which he had re-read and now held out to his confessor.

"You have a good brother," said Monsieur Loraux, "a virtuous and gentle wife, a tender daughter, two good friends,—your uncle and our dear Anselme,—two indulgent creditors, the Ragons: all these kind hearts will pour balm upon your wounds daily, and will help you to bear your cross. Promise me to have the firmness of a martyr, and to face the blow without faltering."

The abbe coughed, to give notice to Pillerault who was waiting in the salon.

"My resignation is unbounded," said Cesar, calmly. "Dishonor has come; I must now think only of reparation."

The firm voice of the poor man and his whole manner surprised Cesarine and the priest. Yet nothing could be more natural. All men can better bear a known and definite misfortune than the cruel uncertainties of a fate which, from one moment to another, brings excessive hope or crushing sorrow.

"I have dreamed a dream for twenty-two years; to-day I awake with my cudgel in my hand," said Cesar, his mind turning back to the Tourangian peasant days.

Pillerault pressed his nephew in his arms as he heard the words. Birotteau saw that his wife, Anselme, and Celestin were present. The papers which the head-clerk held in his hand were significant. Cesar calmly contemplated the little group where every eye was sad but loving.

"Stay!" he said, unfastening his cross, which he held out to the Abbe Loraux; "give it back to me on the day when I can wear it without shame. Celestin," he added, "write my resignation as deputy-mayor,—Monsieur l'abbe will dictate the letter to you; date it the 14th, and send it at once to Monsieur de la Billardiere by Raguet."

Celestin and the abbe went down stairs. For a quarter of an hour silence reigned unbroken in Cesar's study. Such strength of mind surprised the family. Celestin and the abbe came back, and Cesar signed his resignation. When his uncle Pillerault presented the schedule and the papers of his assignment, the poor man could not repress a horrible nervous shudder.

"My God, have pity upon me!" he said, signing the dreadful paper, and holding it out to Celestin.

"Monsieur," said Anselme Popinot, over whose dejected brow a luminous light flashed suddenly, "madame, do me the honor to grant me the hand of Mademoiselle Cesarine."

At these words tears came into the eyes of all present except Cesar; he rose, took Anselme by the hand and said, in a hollow voice, "My son, you shall never marry the daughter of a bankrupt."

Anselme looked fixedly at Birotteau and said: "Monsieur, will you pledge yourself, here, in presence of your whole family, to consent to our marriage, if mademoiselle will accept me as her husband, on the day when you have retrieved your failure?"

There was an instant's silence, during which all present were affected by the emotions painted on the worn face of the poor man.

"Yes," he said, at last.

Anselme made a gesture of unspeakable joy, as he took the hand which Cesarine held out to him, and kissed it.

"You consent, then?" he said to her.

"Yes," she answered.

"Now that I am one of the family, I have the right to concern myself in its affairs," he said, with a strange, excited expression of face.

He left the room precipitately, that he might not show a joy which contrasted too cruelly with the sorrow of his master. Anselme was not actually happy at the failure, but love is such an egoist! Even Cesarine felt within her heart an emotion that counteracted her bitter grief.

"Now that we have got so far," whispered Pillerault to Constance, "shall we strike the last blow?"

Madame Birotteau let a sign of grief rather than of acquiescence escape her.

"My nephew," said Pillerault, addressing Cesar, "what do you intend to do?"

"To carry on my business."

"That would not be my judgment," said Pillerault. "Take my advice, wind up everything, make over your whole assets to your creditors, and keep out of business. I have often imagined how it would be if I were in a situation such as yours—Ah, one has to foresee everything in business! a merchant who does not think of failure is like a general who counts on never being defeated; he is only half a merchant. I, in your position, would never have continued in business. What! be forced to blush before the men I had injured, to bear their suspicious looks and tacit reproaches? I can conceive of the guillotine—a moment, and all is over. But to have the head replaced, and daily cut off anew,—that is agony I could not have borne. Many men take up their business as if nothing had happened: so much the better for them; they are stronger than Claude-Joseph Pillerault. If you pay in cash, and you are obliged to do so, they say that you have kept back part of your assets; if you are without a penny, it is useless to attempt to recover yourself. No, give up your property, sell your business, and find something else to do."

"What could I find?" said Cesar.

"Well," said Pillerault, "look for a situation. You have influential friends,—the Duc and the Duchesse de Lenoncourt, Madame de Mortsauf, Monsieur de Vandenesse. Write to them, go and see them; they might get you a situation in the royal household which would give you a thousand crowns or so; your wife could earn as much more, and perhaps your daughter also. The situation is not hopeless. You three might earn nearly ten thousand francs a year. In ten years you can pay off a hundred thousand francs, for you shall not use a penny of what you earn; your two women will have fifteen hundred francs a year from me for their expenses, and, as for you,—we will see about that."

Constance and Cesar laid these wise words to heart. Pillerault left them to go to the Bourse, which in those days was held in a provisional wooden building of a circular shape, and was entered from the Rue Faydeau. The failure, already known, of a man lately noted and envied, excited general comment in the upper commercial circles, which at that period were all "constitutionnel." The gentry of the Opposition claimed a monopoly of patriotism. Royalists might love the king, but to love your country was the exclusive privilege of the Left; the people belonged to it. The downfall of the protege of the palace, of a ministeralist, an incorrigible royalist who on the 13th Vendemiaire had insulted the cause of liberty by fighting against the glorious French Revolution,—such a downfall excited the applause and tittle-tattle of the Bourse. Pillerault wished to learn and study the state of public opinion. He found in one of the most animated groups du Tillet, Gobenheim-Keller, Nucingen, old Guillaume, and his son-in-law Joseph Lebas, Claparon, Gigonnet, Mongenod, Camusot, Gobseck, Adolphe Keller, Palma, Chiffreville, Matifat, Grindot, and Lourdois.

"What caution one needs to have!" said Gobenheim to du Tillet. "It was a mere chance that one of my brothers-in-law did not give Birotteau a credit."

"I am in for ten thousand francs," said du Tillet; "he asked me for them two weeks ago, and I let him have them on his own note without security. But he formerly did me some service, and I am willing to lose the money."

"Your nephew has done like all the rest," said Lourdois to Pillerault,—"given balls and parties! That a scoundrel should try to throw dust in people's eyes, I can understand; but it is amazing that a man who passed for as honest as the day should play those worn-out, knavish tricks which we are always finding out and condemning."

"Don't trust people unless they live in hovels like Claparon," said Gigonnet.

"Hey! mein freint," said the fat Nucingen to du Tillet, "you haf joust missed blaying me a bretty drick in zenting Pirodot to me. I don't know," he added, addressing Gobenheim the manufacturer, "vy he tid not ask me for fifdy tousand francs. I should haf gif dem to him."

"Oh, no, Monsieur le baron," said Joseph Lebas, "you knew very well that the Bank had refused his paper; you made them reject it in the committee on discounts. The affair of this unfortunate man, for whom I still feel the highest esteem, presents certain peculiar circumstances."

Pillerault pressed the hand of Joseph Lebas.

"Yes," said Mongenod, "it seems impossible to believe what has happened, unless we believe that concealed behind Gigonnet there are certain bankers who want to strangle the speculation in the lands about the Madeleine."

"What has happened is what happens always to those who go out of their proper business," said Claparon, hastily interrupting Mongenod. "If he had set up his own Cephalic Oil instead of running up the price of all the land in Paris by pouncing upon it, he might have lost his hundred thousand francs with Roguin, but he wouldn't have failed. He will go on now under the name of Popinot."

"Keep a watch on Popinot," said Gigonnet.

Roguin, in the parlance of such worthy merchants, was now the "unfortunate Roguin." Cesar had become "that wretched Birotteau." The one seemed to them excused by his great passion; the other they considered all the more guilty for his harmless pretensions.

Gigonnet, after leaving the Bourse, went round by the Rue Perrin-Gasselin on his way home, in search of Madame Madou, the vendor of dried fruits.

"Well, old woman," he said, with his coarse good-humor, "how goes the business?"

"So-so," said Madame Madou, respectfully, offering her only armchair to the usurer, with a show of attention she had never bestowed on her "dear defunct."

Mother Madou, who would have floored a recalcitrant or too-familiar wagoner and gone fearlessly to the assault of the Tuileries on the 10th of October, who jeered her best customers and was capable of speaking up to the king in the name of her associate market-women,—Angelique Madou received Gigonnet with abject respect. Without strength in his presence, she shuddered under his rasping glance. The lower classes will long tremble at sight of the executioner, and Gigonnet was the executioner of petty commerce. In the markets no power on earth is so respected as that of the man who controls the flow of money; all other human institutions are as nothing beside him. Justice herself takes the form of a commissioner, a familiar personage in the eyes of the market; but usury seated behind its green boxes,—usury, entreated with fear tugging at the heart-strings, dries up all jesting, parches the throat, lowers the proudest look, and makes the commonest market women respectful.

"Do you want anything of me?" she said.

"A trifle, a mere nothing. Hold yourself ready to make good those notes of Birotteau; the man has failed, and claims must be put in at once. I will send you the account to-morrow morning."

Madame Madou's eyes contracted like those of a cat for a second, and then shot out flames.

"Ah, the villain! Ah, the scoundrel! He came and told me himself he was a deputy-mayor,—a trumped-up story! Reprobate! is that what he calls business? There is no honor among mayors; the government deceives us. Stop! I'll go and make him pay me; I will—"

"Hey! at such times everybody looks out for himself, my dear!" said Gigonnet, lifting his leg with the quaint little action of a cat fearing to cross a wet place,—a habit to which he owed his nickname. "There are some very big wigs in the matter who mean to get themselves out of the scrape."

"Yes, and I'll pull my nuts out of the fire, too! Marie-Jeanne, bring my clogs and my rabbit-skin cloak; and quick, too, or I'll warm you up with a box on the ear."

"There'll be warm work down there!" thought Gigonnet, rubbing his hands as he walked away. "Du Tillet will be satisfied; it will make a fine scandal all through the quarter. I don't know what that poor devil of a perfumer has done to him; for my part I pity the fellow as I do a dog with a broken leg. He isn't a man, he has got no force."

Madame Madou bore down, like an insurrectionary wave from the Faubourg Saint-Antoine, upon the shop-door of the hapless Birotteau, which she opened with excessive violence, for her walk had increased her fury.

"Heap of vermin! I want my money; I will have my money! You shall give me my money, or I carry off your scent-bags, and that satin trumpery, and the fans, and everything you've got here, for my two thousand francs. Who ever heard of mayors robbing the people? If you don't pay me I'll send you to the galleys; I'll go to the police,—justice shall be done! I won't leave this place till I've got my money."

She made a gesture as if to break the glass before the shelves on which the valuables were placed.

"Mother Madou takes a drop too much," whispered Celestin to his neighbor.

The virago overheard him,—for in paroxysms of passion the organs are either paralyzed or trebly acute,—and she forthwith applied to Celestin's ear the most vigorous blow that ever resounded in a Parisian perfumery.

"Learn to respect women, my angel," she said, "and don't smirch the names of the people you rob."

"Madame," said Madame Birotteau, entering from the back-shop, where she happened to be with her husband,—whom Pillerault was persuading to go with him, while Cesar, to obey the law, was humbly expressing his willingness to go to prison,—"madame, for heaven's sake do not raise a mob, and bring a crowd upon us!"

"Hey! let them come," said the woman; "I'll tell them a tale that will make you laugh the wrong side of your mouth. Yes, my nuts and my francs, picked up by the sweat of my brow, helped you to give balls. There you are, dressed like the queen of France in woollen which you sheared off the backs of poor sheep such as me! Good God! it would burn my shoulders, that it would, to wear stolen goods! I've got nothing but rabbit-skin to cover my carcass, but it is mine! Brigands, thieves, my money or—"

She darted at a pretty inlaid box containing toilet articles.

"Put that down, madame!" said Cesar, coming forward, "nothing here is mine; everything belongs to my creditors. I own nothing but my own person; if you wish to seize that and put me in prison, I give you my word of honor"—the tears fell from his eyes—"that I will wait here till you have me arrested."

The tone and gesture were so completely in keeping with his words that Madame Madou's anger subsided.

"My property has been carried off by a notary; I am innocent of the disasters I cause," continued Cesar, "but you shall be paid in course of time if I have to die in the effort, and work like a galley-slave as a porter in the markets."

"Come, you are a good man," said the market-woman. "Excuse my words, madame; but I may as well go and drown myself, for Gigonnet will hound me down. I can't get any money for ten months to redeem those damned notes of yours which I gave him."

"Come and see me to-morrow morning," said Pillerault, showing himself. "I will get you the money from one of my friends, at five per cent."

"Hey! if it isn't the worthy Pere Pillerault! Why, to be sure, he's your uncle," she said to Constance. "Well, you are all honest people, and I sha'n't lose my money, shall I? To-morrow morning, then, old fellow!" she said to the retired iron-monger.

* * * * *

Cesar was determined to live on amid the wreck of his fortunes at "The Queen of Roses," insisting that he would see his creditors and explain his affairs to them himself. Despite Madame Birotteau's earnest entreaties, Pillerault seemed to approve of Cesar's decision and took him back to his own room. The wily old man then went to Monsieur Haudry, explained the case, and obtained from him a prescription for a sleeping draught, which he took to be made up, and then returned to spend the evening with the family. Aided by Cesarine he induced her father to drink with them. The narcotic soon put Cesar to sleep, and when he woke up, fourteen hours later, he was in Pillerault's bedroom, Rue des Bourdonnais, fairly imprisoned by the old man, who was sleeping himself on a cot-bed in the salon.

When Constance heard the coach containing Pillerault and Cesar roll away from the door, her courage deserted her. Our powers are often stimulated by the necessity of upholding some being feebler than ourselves. The poor woman wept to find herself alone in her home as she would have wept for Cesar dead.

"Mamma," said Cesarine, sitting on her mother's knee, and caressing her with the pretty kittenish grace which women only display to perfection amongst themselves, "you said that if I took up my life bravely, you would have strength to bear adversity. Don't cry, dear mother; I am ready and willing to go into some shop, and I shall never think again of what we once were. I shall be like you in your young days; and you shall never hear a complaint, nor even a regret, from me. I have a hope. Did you not hear what Monsieur Anselme said?"

"That dear boy! he shall not be my son-in-law—"

"Oh, mamma!"

"—he shall be my own son."

"Sorry has one good," said Cesarine, kissing her mother; "it teaches us to know our true friends."

The daughter at last eased the pain of the poor woman by changing places and playing the mother to her. The next morning Constance went to the house of the Duc de Lenoncourt, one of the gentlemen of the king's bedchamber, and left a letter asking for an interview at a later hour of the day. In the interval she went to Monsieur de la Billardiere, and explained to him the situation in which Roguin's flight had placed Cesar, begging him to go with her to the duke and speak for her, as she feared she might explain matters ill herself. She wanted a place for Birotteau. Birotteau, she said, would be the most upright of cashiers,—if there could be degrees of integrity among honest men.

"The King has just appointed the Comte de Fontaine master of his household; there is no time to be lost in making the application," said the mayor.

At two o'clock Monsieur de la Billardiere and Madame Cesar went up the grand staircase of the Hotel de Lenoncourt, Rue Saint-Dominique, and were ushered into the presence of the nobleman whom the king preferred to all others,—if it can be said that Louis XVIII. ever had a preference. The gracious welcome of this great lord, who belonged to the small number of true gentlemen whom the preceding century bequeathed to ours, encouraged Madame Cesar. She was dignified, yet simple, in her sorrow. Grief ennobles even the plainest people; for it has a grandeur of its own; to reflect its lustre, a nature must needs be true. Constance was a woman essentially true.

The question was, how to speak to the king at once. In the midst of the conference Monsieur de Vandenesse was announced; and the duke exclaimed, "Here is our support!"

Madame Birotteau was not unknown to this young man, who had been to her shop two or three times in search of those trifles which are sometimes of more importance than greater things. The duke explained Monsieur de la Billardiere's wishes. As soon as he learned the misfortune which had overtaken the godson of the Marquise d'Uxelles, Vandenesse went at once, accompanied by Monsieur de la Billardiere, to the Comte de Fontaine, begging Madame Birotteau to wait their return. Monsieur le Comte de Fontaine was, like Monsieur de la Billardiere, one of those fine provincial gentlemen, the heroes, almost unknown, who made "la Vendee." Birotteau was not a stranger to him, for he had seen him in the old days at "The Queen of Roses." Men who had shed their blood for the royal cause enjoyed at this time certain privileges, which the king kept secret, so as not to give umbrage to the Liberals.

Monsieur de Fontaine, always a favorite with Louis XVIII., was thought to be wholly in his confidence. Not only did the count positively promise a place, but he returned with the two gentlemen to the Duc de Lenoncourt, and asked him to procure for him an audience that very evening; and also to obtain for Billardiere an audience with MONSIEUR, who was greatly attached to the old Vendeen diplomatist.

The same evening, the Comte de Fontaine came from the Tuileries to "The Queen of Roses," and announced to Madame Birotteau that as soon as the proceedings in bankruptcy were over, her husband would be officially appointed to a situation in the Sinking-fund Office, with a salary of two thousand five hundred francs,—all the functions in the household of the king being overcrowded with noble supernumeraries to whom promises had already been made.

This success was but one part of the task before Madame Birotteau. The poor woman now went to the "Maison du Chat-qui-pelote," in the Rue Saint-Denis, to find Joseph Lebas. As she walked along she met Madame Roguin in a brilliant equipage, apparently making purchases. Their eyes met; and the shame which the rich woman could not hide as she looked at the ruined woman, gave Constance fresh courage.

"Never will I roll in a carriage bought with the money of others," she said to herself.

Joseph Lebas received her kindly, and she begged him to obtain a place for Cesarine in some respectable commercial establishment. Lebas made no promises; but eight days later Cesarine had board, lodging, and a salary of three thousand francs from one of the largest linen-drapers in Paris, who was about to open a branch establishment in the quartier des Italiens. Cesarine was put in charge of the desk, and the superintendence of the new shop was entrusted to her; she filled, in fact, a position above that of forewoman, and supplied the place of both master and mistress.

Madame Cesar went from the "Chat-qui-pelote" to the Rue des Cinq-Diamants, and asked Popinot to let her take charge of his accounts and do his writing, and also manage his household. Popinot felt that his was the only house where Cesar's wife could meet with the respect that was due to her, and find employment without humiliation. The noble lad gave her three thousand francs a year, her board, and his own room; going himself into an attic occupied by one of his clerks. Thus it happened that the beautiful woman, after one month's enjoyment of her sumptuous home, came to live in the wretched chamber looking into a damp, dark court, where Gaudissart, Anselme, and Finot had inaugurated Cephalic Oil.

When Molineux, appointed agent by the Court of Commerce, came to take possession of Cesar Birotteau's assets, Madame Birotteau, aided by Celestin, went over the inventory with him. Then the mother and daughter, plainly dressed, left the house on foot and went to their uncle Pillerault's, without once turning their heads to look at the home where they had passed the greater part of their lives. They walked in silence to the Rue des Bourdonnais, where they were to dine with Cesar for the first time since their separation. It was a sad dinner. Each had had time for reflection,—time to weigh the duties before them, and sound the depths of their courage. All three were like sailors ready to face foul weather, but not deceived as to their danger. Birotteau gathered courage as he was told of the interest people in high places had taken in finding employment for him, but he wept when he heard what his daughter was to become. Then he held out his hand to his wife, as he saw the courage with which she had returned to labor. Old Pillerault's eyes were wet, for the last time in his life, as he looked at these three beings folded together in one embrace; from the centre of which Birotteau, feeblest of the three and the most stricken, raised his hands, saying:—

"Let us have hope!"

"You shall live with me," said Pillerault, "for the sake of economy; you shall have my chamber, and share my bread. I have long been lonely; you shall replace the poor child I lost. From my house it is but a step to your office in the Rue de l'Oratoire."

"God of mercy!" exclaimed Birotteau; "in the worst of a storm a star guides me."

Resignation is the last stage of man's misfortune. From this moment Cesar's downfall was accomplished; he accepted it, and strength returned to him.



VI

After admitting his insolvency and filing his schedule, a merchant should find some retired spot in France, or in foreign countries, where he may live without taking part in life, like the child that he is; for the law declares him a minor, and not competent for any legal action as a citizen. This, however, is never done. Before reappearing he obtains a safe-conduct, which neither judge nor creditor ever refuses to give; for if the debtor were found without this exeat he would be put in prison, while with it he passes safely, as with a flag of truce, through the enemy's camp,—not by way of curiosity, but for the purpose of defeating the severe intention of the laws relating to bankruptcy. The effect of all laws which touch private interests is to develop, enormously, the knavery of men's minds. The object of a bankrupt, like that of other persons whose interests are thwarted by any law, is to make void the law in his particular case.

The status of civil death in which the bankrupt remains a chrysalis lasts for about three months,—a period required by formalities which precede a conference at which the creditors and their debtor sign a treaty of peace, by which the bankrupt is allowed the ability to make payments, and receives a bankrupt's certificate. This transaction is called the concordat,—a word implying, perhaps, that peace reigns after the storm and stress of interests violently in opposition.

As soon as the insolvent's schedule is filed, the Court of commerce appoints a judge-commissioner, whose duty it is to look after the interests of the still unknown body of creditors, and also to protect the insolvent against the vexatious measures of angry creditors,—a double office, which might be nobly magnified if the judges had time to attend to it. The commissioner, however, delegates an agent to take possession of the property, the securities, and the merchandise, and to verify the schedule; when this is done, the court appoints a day for a meeting of the creditors, notice of which is trumpeted forth in the newspapers. The creditors, real or pretended, are expected to be present and choose the provisional assignees, who are to supersede the agent, step into the insolvent's shoes, became by a fiction of law the insolvent himself, and are authorized to liquidate the business, negotiate all transactions, sell the property,—in short, recast everything in the interest of the creditors, provided the bankrupt makes no opposition. The majority of Parisian failures stop short at this point, and the reason is as follows:

The appointment of one or more permanent assignees is an act which gives opportunity for the bitterest action on the part of creditors who are thirsting for vengeance, who have been tricked, baffled, cozened, trapped, duped, robbed, and cheated. Although, as a general thing, all creditors are cheated, robbed, duped, trapped, cozened, tricked, and baffled, yet there is not in all Paris a commercial passion able to keep itself alive for ninety days. The paper of commerce alone maintains its vitality, and rises, athirst for payment, in three months. Before ninety days are over, the creditors, worn out by coming and going, by the marches and countermarches which a failure entails, are asleep at the side of their excellent little wives. This may help a stranger to understand why it is that the provisional in France is so often the definitive: out of every thousand provisional assignees, not more than five ever become permanent. The subsidence of passions stirred up by failures is thus accounted for.

But here it becomes necessary to explain to persons who have not had the happiness to be in business the whole drama of bankruptcy, so as to make them understand how it constitutes in Paris a monstrous legal farce; and also how the bankruptcy of Cesar Birotteau was a signal exception to the general rule.

This fine commercial drama is in three distinct acts,—the agent's act, the assignee's act, the concordat, or certificate-of-bankruptcy act. Like all theatrical performances, it is played with a double-intent: it is put upon the stage for the public eye, but it also has a hidden purpose; there is one performance for the pit, and another for the side-scenes. Posted in the side-scenes are the bankrupt and his solicitor, the attorney of the creditors, the assignees, the agent, and the judge-commissioner himself. No one out of Paris knows, and no one in Paris does not know, that a judge of the commercial courts is the most extraordinary magistrate that society ever allowed itself to create. This judge may live in dread of his own justice at any moment. Paris has seen the president of her courts of commerce file his own schedule. Instead of being an experienced retired merchant, to whom the magistracy might properly be made the reward of a pure life, this judge is a trader, bending under the weight of enormous enterprises, and at the head of some large commercial house. The sine qua non condition in the election of this functionary, whose business it is to pass judgment on the avalanche of commercial suits incessantly rolling through the courts, is that he shall have the greatest difficulty in managing his own affairs. This commercial tribunal, far from being made a useful means of transition whereby a merchant might rise, without ridicule, into the ranks of the nobility, is in point of fact made up of traders who are trading, and who are liable to suffer for their judgments when they next meet with dissatisfied parties,—very much as Birotteau was now punished by du Tillet.

The commissioner is of necessity a personage before whom much is said; who listens, recollecting all the while his own interests, and leaves the cause to the assignees and the attorneys,—except, possibly, in a few strange and unusual cases where dishonesty is accompanied by peculiar circumstances, when the judge usually observes that the debtor, or the creditors, as it may happen, are clever people. This personage, set up in the drama like the royal bust in a public audience-chamber, may be found early in the morning at his wood-yard, if he sells wood; in his shop, if, like Birotteau, he is a perfumer; or, in the evenings, at his dessert after dinner,—always, it should be added, in a terrible hurry; as a general thing he is silent. Let us, however, do justice to the law: the legislation that governs his functions, and which was pushed through in haste, has tied the hands of this commissioner; and it sometimes happens that he sanctions fraud which he cannot hinder,—as the reader will shortly see.

The agent to whom the judge delegates the first proceedings, instead of serving the creditors, may become if he please a tool of the debtor. Every one hopes to swell his own gains by getting on the right side of the debtor, who is always supposed to keep back a hidden treasure. The agent may make himself useful to both parties; on the one hand by not laying the bankrupt's business in ashes, on the other by snatching a few morsels for men of influence,—in short, he runs with the hare and holds with the hounds. A clever agent has frequently arrested judgment by buying up the debts and then releasing the merchant, who then rebounds like an india-rubber ball. The agent chooses the best-stocked crib, whether it leads him to cover the largest creditors and shear the debtor, or to sacrifice the creditors for the future prosperity of the restored merchant. The action of the agent is decisive. This man, together with the bankrupt's solicitor, plays the utility role in the drama, where it may be said neither the one nor the other would accept a part if not sure of their fees. Taking the average of a thousand failures, an agent would be found nine hundred and fifty times on the side of the bankrupt. At the period of our history, the solicitors frequently sought the judge with the request that he would appoint an agent whom they proposed to him,—a man, as they said, to whom the affairs of the bankrupt were well-known, who would know how to reconcile the interests of the whole body of creditors with those of a man honorably overtaken by misfortune. For some years past the best judges have sought the advice of the solicitors in this matter for the purpose of not taking it, endeavoring to appoint some other agent quasi virtuous.

During this act of the drama the creditors, real or pretended, come forward to select the provisional assignees, who are often, as we have said, the final ones. In this electoral assembly all creditors have the right to vote, whether the sum owing to them is fifty sous, or fifty thousand francs. This assembly, in which are found pretended creditors introduced by the bankrupt,—the only electors who never fail to come to the meeting,—proposes the whole body of creditors as candidates from among whom the commissioner, a president without power, is supposed to select the assignees. Thus it happens that the judge almost always appoints as assignees those creditors whom it suits the bankrupt to have,—another abuse which makes the catastrophe of bankruptcy one of the most burlesque dramas to which justice ever lent her name. The honorable bankrupt overtaken by misfortune is then master of the situation, and proceeds to legalize the theft he premeditated. As a rule, the petty trades of Paris are guiltless in this respect. When a shopkeeper gets as far as making an assignment, the worthy man has usually sold his wife's shawl, pawned his plate, left no stone unturned, and succumbs at last with empty hands, ruined, and without enough money to pay his attorney, who in consequence cares little for him.

The law requires that the concordat, at which is granted the bankrupt's certificate that remits to the merchant a portion of his debt, and restores to him the right of managing his affairs, shall be attended by a majority of the creditors, and also that they shall represent a certain proportion of the debt. This important action brings out much clever diplomacy, on the part of the bankrupt, his assignees, and his solicitor, among the contending interests which cross and jostle each other. A usual and very common manoeuvre is to offer to that section of the creditors who make up in number and amount the majority required by law certain premiums, which the debtor consents to pay over and above the dividend publicly agreed upon. This monstrous fraud is without remedy. The thirty commercial courts which up to the present time have followed one after the other, have each known of it, for all have practised it. Enlightened by experience, they have lately tried to render void such fraudulent agreements; and as the bankrupts have reason to complain of the extortion, the judges had some hope of reforming to that extent the system of bankruptcy. The attempt, however, will end in producing something still more immoral; for the creditors will devise other rascally methods, which the judges will condemn as judges, but by which they will profit as merchants.

Another much-used stratagem, and one to which we owe the term "serious and legitimate creditor," is that of creating creditors,—just as du Tillet created a banker and a banking-house,—and introducing a certain quantity of Claparons under whose skin the bankrupt hides, diminishing by just so much the dividends of the true creditors, and laying up for the honest man a store for the future; always, however, providing a sufficient majority of votes and debts to secure the passage of his certificate. The "gay and illegitimate creditors" are like false electors admitted into the electoral college. What chance has the "serious and legitimate creditor" against the "gay and illegitimate creditor?" Shall he get rid of him by attacking him? How can he do it? To drive out the intruder the legitimate creditor must sacrifice his time, his own business, and pay an attorney to help him; while the said attorney, making little out of it, prefers to manage the bankruptcy in another capacity, and therefore works for the genuine credit without vigor.

To dislodge the illegitimate creditor it is necessary to thread the labyrinth of proceedings in bankruptcy, search among past events, ransack accounts, obtain by injunction the books of the false creditors, show the improbability of the fiction of their existence, prove it to the judges, sue for justice, go and come, and stir up sympathy; and, finally, to charge like Don Quixote upon each "gay and illegitimate creditor," who if convicted of "gaiety" withdraws from court, saying with a bow to the judges, "Excuse me, you are mistaken, I am very 'serious.'" All this without prejudice to the rights of the bankrupt, who may carry Don Quixote and his remonstrance to the upper courts; during which time Don Quixote's own business is suffering, and he is liable to become a bankrupt himself.

The upshot of all this is, that in point of fact the debtor appoints his assignees, audits his own accounts, and draws up the certificate of bankruptcy himself.

Given these premises, it is easy to imagine the devices of Frontin, the trickeries of Sganarelle, the lies of Mascarille, and the empty bags of Scapin which such a system develops. There has never been a failure which did not generate enough matter to fill the fourteen volumes of "Clarissa Harlowe," if an author could be found to describe them. A single example will suffice. The illustrious Gobseck,—ruler of Palma, Gigonnet, Werbrust, Keller, Nucingen, and the like,—being concerned in a failure where he attempted to roughly handle the insolvent, who had managed to get the better of him, obtained notes from his debtor for an amount which together with the declared dividend made up the sum total of his loss. These notes were to fall due after the concordat. Gobseck then brought about a settlement in the concordat by which sixty-five per cent was remitted to the bankrupt. Thus the creditors were swindled in the interests of Gobseck. But the bankrupt had signed the illicit notes with the name of his insolvent firm, and he was therefore able to bring them under the reduction of sixty-five per cent. Gobseck, the great Gobseck, received scarcely fifty per cent on his loss. From that day forth he bowed to his debtor with ironical respect.

As all operations undertaken by an insolvent within ten days before his failure can be impeached, prudent men are careful to enter upon certain affairs with a certain number of creditors whose interest, like that of the bankrupt, is to arrive at the concordat as fast as possible. Skilful creditors will approach dull creditors or very busy ones, give an ugly look into the failure, and buy up their claims at half what they are worth at the liquidation; in this way they get back their money partly by the dividend on their own claims, partly from the half, or third, or fourth, gained on these purchased claims.

A failure is the closer, more or less hermetically tight, of a house where pillage has left a few remaining bags of silver. Lucky the man who can get in at a window, slide down a chimney, creep in through a cellar or through a hole, and seize a bag to swell his share! In the general rout, the sauve qui peut of Beresina is passed from mouth to mouth; all is legal and illegal, false and true, honest and dishonest. A man is admired if he "covers" himself. To "cover" himself means that he seizes securities to the detriment of the other creditors. France has lately rung with the discussion of an immense failure that took place in a town where one of the upper courts holds its sittings, and where the judges, having current accounts with the bankrupts, wore such heavy india-rubber mantles that the mantle of justice was rubbed into holes. It was absolutely necessary, in order to avert legitimate suspicion, to send the case for judgment in another court. There was neither judge nor agent nor supreme court in the region where the failure took place that could be trusted.

This alarming commercial tangle is so well understood in Paris, that unless a merchant is involved to a large amount he accepts a failure as total shipwreck without insurance, passes it to his profit-and-loss account, and does not commit the folly of wasting time upon it; he contents himself with brewing his own malt. As to the petty trader, worried about his monthly payments, busied in pushing the chariot of his little fortunes, a long and costly legal process terrifies him. He gives up trying to see his way, imitates the substantial merchant, bows his head, and accepts his loss.

The wholesale merchants seldom fail, nowadays; they make friendly liquidations; the creditors take what is given to them, and hand in their receipts. In this way many things are avoided,—dishonor, judicial delays, fees to lawyers, and the depreciation of merchandise. All parties think that bankruptcy will give less in the end than liquidation. There are now more liquidations than bankruptcies in Paris.

The assignee's act in the drama is intended to prove that every assignee is incorruptible, and that no collusion has ever existed between any of them and the bankrupt. The pit—which has all, more or less, been assignee in its day—knows very well that every assignee is a "covered" merchant. It listens, and believes as it likes. After three months employed in auditing the debtor and creditor accounts, the time comes for the concordat. The provisional assignees make a little report at the meeting, of which the following is the usual formula:—

Messieurs,—There is owing to the whole of us, in bulk, about a million. We have dismantled our man like a condemned frigate. The nails, iron, wood, and copper will bring about three hundred thousand francs. We shall thus get about thirty per cent of our money. Happy in obtaining this amount, when our debtor might have left us only one hundred thousand, we hereby declare him an Aristides; we vote him a premium and crown of encouragement, and propose to leave him to manage his assets, giving him ten or twelve years in which to pay us the fifty per cent which he has been so good as to offer us. Here is the certificate of bankruptcy; have the goodness to walk up to the desk and sign it.

At this speech, all the fortune creditors congratulate each other and shake hands. After the ratification of the certificate, the bankrupt becomes once more a merchant, precisely such as he was before; he receives back his securities, he continues his business, he is not deprived of the power to fail again, on the promised dividend,—an additional little failure which often occurs, like the birth of a child nine months after the mother has married her daughter.

If the certificate of bankruptcy is not granted, the creditors then select the permanent assignees, take extreme measures, and form an association to get possession of the whole property and the business of their debtor, seizing everything that he has or ever will have,—his inheritance from his father, his mother, his aunt, et caetera. This stern measure can only be carried through by an association of creditors.

* * * * *

There are therefore two sorts of failures,—the failure of the merchant who means to repossess himself of his business, and the failure of the merchant who has fallen into the water and is willing to sink to the bottom. Pillerault knew the difference. It was, to his thinking and to that of Ragon, as hard to come out pure from the first as to come out safe from the second. After advising Cesar to abandon everything to his creditors, he went to the most honorable solicitor in such matters, that immediate steps might be taken to liquidate the failure and put everything at once at the disposition of the creditors. The law requires that while the drama is being acted, the creditors shall provide for the support of the bankrupt and his family. Pillerault notified the commissioner that he would himself supply the wants of his niece and nephew.

Du Tillet had worked all things together to make the failure a prolonged agony for his old master; and this is how he did it. Time is so precious in Paris that it is customary, when two assignees are appointed, for only one to attend to the affair: the duty of the other is merely formal,—he approves and signs, like the second notary in notarial deeds. By this means, the largest failures in Paris are so vigorously handled that, in spite of the law's delays, they are adjusted, settled, and secured with such rapidity that within a hundred days the judge can echo the atrocious saying of the Minister,—"Order reigns in Warsaw."

Du Tillet meant to compass Cesar's commercial death. The names of the assignees selected through the influence of du Tillet were very significant to Pillerault. Monsieur Bidault, called Gigonnet,—the principal creditor,—was the one to take no active part; and Molineux, the mischievous old man who lost nothing by the failure, was to manage everything. Du Tillet flung the noble commercial carcass to the little jackal, that he might torment it as he devoured it. After the meeting at which the creditors appointed the assignees, little Molineux returned home "honored," so he said, "by the suffrages of his fellow-citizens"; happy in the prospect of hectoring Birotteau, just as a child delights in having an insect to maltreat. The landlord, astride of his hobby,—the law,—begged du Tillet to favor him with his ideas; and he bought a copy of the commercial Code. Happily, Joseph Lebas, cautioned by Pillerault, had already requested the president of the Board of Commerce to select a sagacious and well-meaning commissioner. Gobenheim-Keller, whom du Tillet hoped to have, found himself displaced by Monsieur Camusot, a substitute-judge,—a rich silk-merchant, Liberal in politics, and the owner of the house in which Pillerault lived; a man counted honorable.