They had to believe it, when they saw him appear, followed by a commissary of police and a porter, carrying on his back a load of books and papers. They stood aside to let them pass; but there was no time to make any comments, as another clerk appeared immediately who said, “M. de Thaller is at your command, gentlemen. Please walk in.” There was then a terrible jamming and pushing to see who would get first into the directors’ room, which stood wide open. M. de Thaller was standing against the mantel-piece, neither paler nor more excited than usual, but like a man who feels sure of himself and of his means of action. As soon as silence was restored, “First of all, gentlemen,” he began, “I must tell you that the board of directors is about to meet, and that a general meeting of the stockholders will be called.” Not a murmur. As at the touch of a magician’s wand, the dispositions of the shareholders seemed to have changed. “I have nothing new to inform you of,” he went on. “What happened is a misfortune, but not a disaster. The thing to do was to save the company; and I had first thought of calling for funds.” “Well,” said two or three timid voices, “If it was absolutely necessary--” “But there is no need of it.” “Ah, ah!” “And I can manage to carry every thing through by adding to our reserve fund my own personal fortune.” This time the hurrahs and the bravos drowned the voice. M. de Thaller received them like a man who deserves them, and, more slowly, “Honor commanded it,” he continued. “I confess it, gentlemen, the wretch who has so basely deceived us had my entire confidence. You will understand my apparent blindness when you know with what infernal skill he managed.” Loud imprecations burst on all sides against Vincent Favoral. But the president of the Mutual Credit proceeded, “For the present, all I have to ask of you is to keep cool, and continue to give me your confidence.” “Yes, yes!” “The panic of night before last was but a stock-gambling manoeuvre, organized by rival establishments, who were in hopes of taking our clients away from us. They will be disappointed, gentlemen. We will triumphantly demonstrate our soundness; and we shall come out of this trial more powerful than ever.” It was all over. M. de Thaller understood his business. They offered him a vote of thanks. A smile was beaming upon the same faces that were a moment before contracted with rage. One stockholder alone did not seem to share the general enthusiasm: he was no other than our old friend, M. Chapelain, the ex-lawyer. “That fellow, Thaller, is just capable of getting himself out of the scrape,” he grumbled. “I must tell Maxence.” II