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Federico had at last terminated his extensive description of Fontenoy’s enterprises, and the old gentleman was saying,

“I haven’t the slightest doubt whatever of your friend’s integrity, but I should think twice before putting any money into his schemes. It strikes me that he takes unnecessary risks, that he invests his funds too far from home. Maybe everything will be all right, at least as long as he holds the confidence of the share-holders. But I am not so sure that even at the present moment he isn’t losing it. And on the day when the share-holders decide that they want figures and facts instead of fine hopes, on the day when Fontenoy has to show just where he stands in his business, well, on that day, I am not so sure.... I am not so sure....”

CHAPTER IV

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THE warm spring-like day, coming in mid-winter, delighted Robledo as he left his hotel after a hurried breakfast. It was late and the waiters, the only occupants of the dining room, had not proved inspiring company. And all the while he had been sleeping and eating, a filmy, sun-saturated mist had been hovering, a golden caress, over Paris....


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