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a large way. ‘Belle clientele’ among the millionnaires. But his clients expect fabulous profits, and so does he. As for your principal mortgagee, Louvier, you know, of course, who he is.”

“No, except that M. Hebert told me that he was very rich.”

“‘Rich’ I should think so; one of the Kings of Finance, Ah! observe those young men on horseback.”

Alain looked forth and recognized the two cavaliers whom he had conjectured to be the sons of the Count de Vandemar.

“Those ‘beaux garcons’ are fair specimens of your Faubourg,” said Frederic; “they would decline my acquaintance because my grandfather kept a shop, and they keep a shop between them.”

“A shop! I am mistaken, then. Who are they?”

“Raoul and Enguerrand, sons of that mocker of man, the Count de Vandemar.”

“And they keep a shop! You are jesting.”

“A shop at which you may buy gloves and perfumes, Rue de la Chaussee d’Antin. Of course they don’t serve at the counter; they only invest their pocket-money in the speculation; and, in so doing, treble at least their pocket-money, buy their horses, and keep their grooms.”

“Is it possible! nobles of such birth! How shocked the Count would be if he knew it!”

“Yes, very much shocked if he was supposed to know it. But he is too wise a father not to give his sons limited allowances and unlimited liberty, especially the liberty to add to the allowances as they please. Look again at them; no better riders and more affectionate brothers since the date of Castor and Pollux. Their tastes indeed differ—Raoul is religious and moral, melancholy and dignified; Enguerrand is a lion of the first water,—elegant to the tips of his nails. These demigods nevertheless are very mild to mortals. Though Enguerrand is the best pistol-shot in Paris, and Raoul the best fencer, the first is so good-tempered that you would be a brute to quarrel with him, the last so true a Catholic, that if you quarrelled with him you need not fear his sword. He would not die in the committal of what the Church holds a mortal sin.”

“Are you speaking ironically? Do you mean to imply that men of the name of Vandemar are not brave?”

“On the contrary, I believe that, though masters of their weapons, they are too brave to abuse their skill; and I must add that, though they are sleeping partners in a shop, they would not cheat you of a farthing. Benign stars on earth, as Castor and Pollux were in heaven.”

“But partners in a shop!”

“Bah! when a minister himself, like the late M. de M______, kept a shop, and added the profits of ‘bons bons’ to his revenue, you may form some idea of the spirit of the age. If young nobles are not generally sleeping partners in shops, still they are more or less adventurers in commerce. The Bourse is the profession of those who have no other profession. You have visited the Bourse?”

“No.”

“No! this is just the hour. We have time yet for the Bois. Coachman, drive to the Bourse.”

“The fact is,” resumed Frederic, “that gambling is one of the wants of civilized men. The ‘rouge-et-noir’ and ‘roulette’ tables are forbidden; the hells closed: but the passion for making money without working for it must have its vent, and that vent is the Bourse. As instead of a hundred wax-lights you now have one jet of gas, so instead of a hundred hells you have now one Bourse, and—it is exceedingly convenient; always at hand; no discredit being seen there as it was to be seen at Frascati’s; on the contrary, at once respectable, and yet the mode.”

The coupe stops at the Bourse, our friends mount the steps, glide through the pillars, deposit their canes at a place destined to guard them, and the Marquis follows Frederic up a flight of stairs till he gains the open gallery round a vast hall below. Such a din! such a clamour! disputations, wrangling, wrathful.

Here Lemercier distinguished some friends, whom he joined for a few minutes.

Alain left alone, looked down into the hall. He thought himself in some stormy scene of the First Revolution. An English contested election in the market-place of a borough when the candidates are running close on each other—the result doubtful, passions excited, the whole borough in civil war—is peaceful compared to the scene at the Bourse.

Bulls and bears screaming, bawling, gesticulating, as if one were about to strangle the other; the whole, to an uninitiated eye, a confusion, a Babel, which it seems absolutely impossible to reconcile to the notion of quiet mercantile transactions, the purchase and sale of shares and stocks. As Alain gazed bewildered, he felt himself gently touched, and, looking round, saw the Englishman.

“A lively scene!” whispered Mr. Vane. “This is the heart of Paris: it beats very loudly.”

“Is your Bourse in London like this?”

“I cannot tell you: at our Exchange the general public are not admitted: the privileged priests of that temple sacrifice their victims in closed penetralia, beyond which the sounds made in the operation do not travel to ears profane. But had we an Exchange like this open to all the world, and placed, not in a region of our metropolis unknown to fashion, but in some elegant square in St. James’s or at Hyde Park Corner, I suspect that our national character would soon undergo a great change, and that all our idlers and sporting-men would make their books there every day, instead of waiting long months in ‘ennui’ for the Doncaster and the Derby. At present we have but few men on the turf; we should then have few men not on Exchange, especially if we adopt your law, and can contrive to be traders without risk of becoming bankrupts. Napoleon I. called us a shopkeeping nation. Napoleon III. has taught France to excel us in everything, and certainly he has made Paris a shopkeeping city.”

Alain thought of Raoul and Enguerrand, and blushed to find that what he considered a blot on his countrymen was so familiarly perceptible to a foreigner’s eye.

“And the Emperor has done wisely, at least for the time,” continued the Englishman, with a more thoughtful accent. “He has found vent thus for that very dangerous class in Paris society to which the subdivision of property gave birth; namely the crowd of well-born, daring young men without fortune and without profession. He has opened the ‘Bourse’ and said, ‘There, I give you employment, resource, an ‘avenir.‘’ He has cleared the byways into commerce and trade, and opened new avenues of wealth to the noblesse, whom the great Revolution so unwisely beggared. What other way to rebuild a ‘noblesse’ in France, and give it a chance of power be side an access to fortune? But to how many sides of your national character has the Bourse of Paris magnetic attraction! You Frenchmen are so brave that you could not be happy without facing danger, so covetous of distinction that you would pine yourselves away without a dash, coute quo coute, at celebrity and a red ribbon. Danger! look below at that arena: there it is; danger daily, hourly. But there also is celebrity; win at the Bourse, as of

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