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oft before 'the heat is out of the grass,' as the peasants say; the hay ferments, but no harm comes of it. You follow up your experiment by storing a couple of thousand trusses in a wooden barn--and, of course, the hay smoulders, and the barn blazes up like a lighted match. You are an educated man," continued Cointet; "you can see the application for yourself. So far, you have only cut your two trusses of hay; we are afraid of setting fire to our paper-mill by bringing in a couple of thousand trusses. In other words, we may spoil more than one batch, make heavy losses, and find ourselves none the better for laying out a good deal of money." David was completely floored by this reasoning. Practical wisdom spoke in matter-of-fact language to theory, whose word is always for the future. "Devil fetch me, if I'll sign such a deed of partnership!" the stout Cointet cried bluntly. "You may throw away your money if you like, Boniface; as for me, I shall keep mine. Here is my offer--to pay M. Sechard's debts _and_ six thousand francs, and another three thousand francs in bills at twelve and fifteen months," he added. "That will be quite enough risk to run.--We have a balance of twelve thousand francs against Metivier. That will make fifteen thousand francs.--That is all that I would pay for the secret if I were going to exploit it for myself. So this is the great discovery that you were talking about, Boniface! Many thanks! I thought you had more sense. No, you can't call this business." "The question for you," said Petit-Claud, undismayed by the explosion, "resolves itself into this: 'Do you care to risk twenty thousand francs to buy a secret that may make rich men of you?' Why, the risk usually is in proportion to the profit, gentlemen. You stake twenty thousand francs on your luck. A gambler puts down a louis at roulette for a chance of winning thirty-six, but he knows that the louis is lost. Do the same." "I must have time to think it over," said the stout Cointet; "I am not so clever as my brother. I am a plain, straight-forward sort of chap, that only knows one thing--how to print prayer-books at twenty sous and sell them for two francs. Where I see an invention that has only been tried once, I see ruin. You succeed with the first batch, you spoil the next, you go on, and you are drawn in; for once put an arm into that machinery, the rest of you follows," and he related an anecdote very much to the point--how a Bor
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