always came at midnight for a chat
with Cerizet, for the latter played the spy upon his former master's
every movement.

"He is showing her the paper he made this morning, no doubt," said
Cerizet.

"What is it made of?" asked the paper manufacturer.

"Impossible to guess," answered Cerizet; "I made a hole in the roof
and scrambled up and watched the gaffer; he was boiling pulp in a
copper pan all last night. There was a heap of stuff in a corner, but
I could make nothing of it; it looked like a heap of tow, as near as I
could make out."

"Go no farther," said Boniface Cointet in unctuous tones; "it would
not be right. Mme. Sechard will offer to renew your lease; tell her
that you are thinking of setting up for yourself. Offer her half the
value of the plant and license, and, if she takes the bid, come to me.
In any case, spin the matter out. . . . Have they no money?"

"Not a sou," said Cerizet.

"Not a sou," repeated tall Cointet.--"I have them now," said he to
himself.

Metivier, paper manufacturers' wholesale agent, and Cointet Brothers,
printers and paper manufacturers, were also bankers in all but name.
This surreptitious banking system defies all the ingenuity of the
Inland Revenue Department. Every banker is required to take out a
license which, in Paris, costs five hundred francs; but no hitherto
devised method of controlling commerce can detect the delinquents, or
compel them to pay their due to the Government. And though Metivier
and the Cointets were "outside brokers," in the language of the Stock
Exchange, none the less among them they could set some hundreds of
thousands of francs moving every three months in the markets of Paris,
Bordeaux, and Angouleme. Now it so fell out that that very evening
Cointet Brothers had received Lucien's forged bills in the course of
business. Upon this debt, tall Cointet forthwith erected a formidable
engine, pointed, as will presently be seen, against the poor, patient
inventor.

By seven o'clock next morning, Boniface Cointet was taking a walk by
the mill stream that turned the wheels in his big factory; the sound
of the water covered his talk, for he was talking with a companion, a
young man of nine-and-twenty, who had been appointed attorney to the
Court of First Instance in Angouleme some six weeks ago. The young
man's name was Pierre Petit-Claud.

"You are a schoolfellow of David Sechard's, are you not?" asked tall
Cointet by way of greeting to the young at