Von Bernstorff had been cautious enough during Bolo's sojourn in the United States to negotiate with him only through Pavenstedt, in order that the Embassy might not be compromised in an exceedingly hazardous undertaking if any suggestion of Bolo's real designs leaked out. He was fully prepared in such an event to repudiate Pavenstedt, and to state honestly that he had never seen or heard of Bolo, for until the day before he left, when Pavenstedt asked the Ambassador for the telegram of introduction quoted above, Bernstorff did not know Bolo's name. That he did know it then, and that he discussed Bolo with Berlin during April and May is evident from the following cable, sent from the Foreign Secretary to the Embassy at Washington on May 31: "Number 206. May 31st. The person announced in telegram 692 of March 20th has not yet reported himself at the Legation at Berne. Is there any more news on your side of Bolo? "JAGOW." There was not, although Bolo was keeping the cables hot with messages directing the further transfer of the nest-egg of $1,700,000 which he had acquired in his month in New York. He wanted the money credited to the account of Senator Humbert in J. P. Morgan & Co., then through Morgan, Harjes & Co. of Paris he directed the remittance of his funds to Paris, then cancelled those instructions and directed that his million be credited to him in Perrier & Cie., in which he was interested. What twists and turns of fate occasioned the juggling of these funds after he returned to France is not known, but certainly no bag of plunder ever passed through more artful manipulation. The explanation of its hectic adventures may lie in the fact that the spectacle of Bolo, commissioned to go to the United States to spend money for news print, and returning with nearly two millions of dollars, would have interested the French police. For more than a year he covered his tracks. Shortly after his return the _Bonnet Rouge_, the declining publication which served ex-Premier Joseph Caillaux as mouthpiece, began to attract attention for its discussion of peace propaganda. A strain of pessimism over the conduct of the war began to make itself apparent in other journals. The arrest of Duval and Almereyda of the _Bonnet Rouge_ disclosed certain of Bolo's activities and a search of his house in February revealed papers covering certain of his financial transactions in America. The United States was requested to investigate, and refused, as the affair was considered political, and it was not until we joined France in the war that the request was repeated, this time with better success.