He had just completed an important line of railway from Morocco to the centre of our colony in Algeria, and now he was promoting a company for exporting grain and flour from America. Several times Cayrol had tried to bring Herzog and Madame Desvarennes together. The banker had an interest in the grain and flour speculation, but he asserted that it would not succeed unless the mistress had a hand in it. Cayrol had a blind faith in the mistress's luck. Madame Desvarennes, suspicious of everything foreign, and perfectly acquainted with the rumors circulated respecting Herzog, had always refused to receive him. But Cayrol had been so importunate that, being quite tired of refusing, and, besides, being willing to favor Cayrol for having so discreetly managed the negotiations of Micheline's marriage, she had consented. Herzog had just arrived. He was expressing to Madame Desvarennes his delight at being admitted to her house. He had so often heard her highly spoken of that he had formed a high idea of her, but one which was, however, far below the reality; he understood now that it was an honor to be acquainted with her. He wheedled her with German grace, and with a German-Jewish accent, which reminds one of the itinerant merchants, who offer you with persistence "a goot pargain." The mistress had been rather cold at first, but Herzog's amiability had thawed her. This man, with his slow speech and queer eyes, produced a fascinating effect on one like a serpent. He was repugnant, and yet, in spite of one's self one was led on. He, had at once introduced the grain question, but in this he found himself face to face with the real Madame Desvarennes; and no politeness held good on her part when it was a question of business. From his first words, she had found a weak point in the plan, and had attacked him with such plainness that the financier, seeing his enterprise collapse at the sound of the mistress's voice-like the walls of Jericho at the sound of the Jewish trumpets--had beaten a retreat, and had changed the subject. He was about to float a credit and discount company superior to any in the world. He would come back and talk with Madame Desvarennes about it, because she ought to participate in the large profits which the matter promised. There was no risk. The novelty of the undertaking consisted in the concurrence of the largest banking-houses of France and abroad, which would hinder all competition, and prevent hostility on the part of the great money-handlers. It was very curious, and Madame Desvarennes would feel great satisfaction in knowing the mechanism of this company, destined to become, from the first, the most important in the world, and yet most easy to understand.