Such was her surprise that for a moment she remained without speaking. 'Why Gundermann?' she asked at last. 'I know him a little; I've met him at the De Roivilles' and the Kellers'.' 'So much the better if you know him. Go to see him on some pretext or other, talk to him, and try to get on friendly terms with him. Just think of it--to become Gundermann's _confidante_ and rule the world!' 'But why Gundermann?' she repeated. Thereupon he explained that Gundermann was certainly at the head of the group of 'bears' who were beginning to manœuvre against the Universal. This he knew; he had proof of it. So, as Saccard was no longer obliging, would it not be simple prudence to make friends with his enemy, without, however, breaking with him? With a foot in each camp, she would be sure of being in the conqueror's company on the day of battle. And he suggested this treachery to her with an amiable air, like a good adviser. With a woman at work for him, he felt that he would be able to sleep in peace. 'Come, what do you say?' he added; 'let us make a bargain. We will warn each other, we will tell each other everything we hear.' Thereupon he grasped her hand, which she relinquished to him, already losing her contempt for him, forgetting the lackey that he had been, no longer realising into what low debauchery he had fallen, his face bloated, his handsome beard reeking of absinthe, his new coat soiled with spots, his shiny hat damaged by the plaster of some disreputable stairway. She called upon Gundermann the very next day. Since Universals had reached the figure of two thousand francs he had indeed been leading a bear movement, but with the utmost discretion, never going to the Bourse, nor sending even an official representative thither. His argument was that a share in any company is in the first place worth its price of issue, and secondly the interest which it may yield, this depending upon the prosperity of the company, the success attending its enterprises. There is therefore a maximum value which cannot be reasonably increased. As soon as that value is exceeded through popular infatuation, the prudent course is to play for a fall in the certainty that it must come. Still, despite his convictions, despite his absolute belief in logic, he was surprised by Saccard's rapid conquests, surprised to find that he had become such a power all at once, and was already beginning to frighten the big Jew bankers. It was necessary to lay this dangerous rival low as soon as possible, not only in order to regain the eight millions lost on the morrow of Sadowa, but especially in order to avoid having to share the sovereignty of the market with such a terrible adventurer, whose reckless strokes seemed to succeed in defiance of all common sense, as if by miracle. And so, full of contempt for passion, Gundermann, mathematical gambler, man-numeral that he was, carried his phlegm, his frigid obstinacy still further,