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a which he wanted to read to Caesar. At twelve they said good-night. Puchol was to tell his chief that he had not been able to do any business with Senor Perez Cuesta. In respect to the other matter, they had an engagement for ten the next morning at a cafe in the neighbourhood of the Bourse. There were no great difficulties to overcome. They saw a broker named Mueller. Caesar entrusted him with his twenty thousand francs, and hinted that the speculation was being made for some rich people, who would have no objection to making up any loss, if he should exceed the twenty thousand francs. The broker told him he could play whatsoever sum he wished. As Caesar had not entire confidence in Puchol, and did not care either to tell the broker that he was to begin only when the stocks fell, he brought Yarza into the deal. Puchol was to say to Yarza: "The Minister has given the order to sell"; and Yarza would first verify this, if he could verify it; then he would tell the broker: "Sell." It might go as far as handling twenty millions of Foreigns and up to a thousand of Northerns. In order to get all the ends well tied up, Caesar had to get from one place to another without a moment's rest. IN MADRID The trap being set, Caesar took the train, worn out and feverish. He arrived at Madrid, took a bath, and went to see the Minister; and after the interview went to his house in the Calle de Galileo and spent two days in bed, alone in the completest silence. The third day Alzugaray arrived, anxious. "What's the matter? Are you sick?" he asked. "No. How did you know I was here?" "Your janitress came to my house to tell me you were in bed." "Well, there's nothing wrong with me, boy." "You should know that there's a splendid chance to make some money, today." "My dear fellow!" "Yes, and we haven't done anything in the market, except one miserable little operation." "And why do you think there is such a good chance?" "Because there is, because everybody can see it," said Alzugaray. "Prices are going to rise with this project of the Minister of Finance's; they are going in for a big deal; everybody has been indiscreet, without meaning to be, and people on the market are buying and buying. Everybody is sure of a rise... and we are doing nothing." "We are doing nothing," repeated Caesar. "But it is absurd." "What's the date?" "The twenty-second." "The evening of the twenty-seventh we
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