"Yes," he continued, smiling at my astonishment. "No doubt you have read in your English newspapers all about the many ingenious frauds she has perpetrated. For the past five years she has been well-known in various characters in Pau, Rome, Paris, and Vienna; her schemes have invariably been successful, and her escape from the police has been accomplished just at the right moment, in a manner almost incredible. But the audacious boldness of a _coup_ she effected a year ago caused her downfall." "A year ago?" I said. "Was it during the time I knew her?" "Yes. While spending the summer at San Sebastian with Mateo Sanchez,--a Bourse adventurer of Madrid, who, under the name of Luis d'Avendano, passed as her brother,--she conceived, during the Cabinet crisis, a very ingenious scheme for gigantic operations on the Bourse with certain success. The circumstances were remarkable, and your story supplies the facts which have remained until now a mystery. Unaware of the true character of Sanchez, I had employed him as agent in various transactions shortly before the crisis, and he had thus become aware of my intentions to institute certain financial reforms that would affect the Bourse to a considerable extent. `The Golden Hand,' it appears, with her usual shrewdness, pointed out how the knowledge thus acquired would enable him to operate with success, if only he could be certain of my reappointment as Finance Minister, and the pair forthwith carried into effect an ingeniously arranged plan. Apparently you were watched, and, it having been ascertained that, as correspondent of an influential journal, you were a likely person to obtain the very earliest intimation of the formation of the Cabinet, they laid their plans to entrap you." "I confess I little dreamed of foul play when I entered the Villa Guipuzcoa," I observed. "At the trial it was a mystery how they obtained knowledge of the State secret," he continued. "But it is now quite plain that on the evening when the portfolios were arranged, they, being aware of the devices to which you would probably resort in order to obtain accurate information, enticed you to their house, and then, having ascertained from your own lips that the Ministry had been formed, resolved to carry out their cunningly-devised scheme. They saw that you were the only member of the public who knew the secret, and if they prevented you from despatching it to London,--whence it was certain to be re-telegraphed here,--it would give them time to get to Madrid on the following morning and operate on the Bourse some hours before the announcement of the new Ministry." "She seemed so ingenuous and charming, that I suspected nothing-- until--"