"What are they doing just now?"
It was Boniface Cointet who spoke. He was walking up and down outside in the Place du Murier with Cerizet watching the silhouettes of the husband and wife on the blinds. He 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 attorney. Petit-Claud had lost no time in answering the wealthy manufacturer's summons.
"Yes, sir," said Petit-Claud, keeping step with tall Cointet.
"Have you renewed the acquaintance?"
"We have met once or twice at most since he came back. It could hardly have been otherwise. In Paris I was buried away in the office or at the courts on week-days, and on Sundays and holidays I was hard at work studying, for I had only myself to look to." (Tall Cointet nodded approvingly.) "When we met again, David and I, he asked me what I had done with myself. I told him that after I had finished my time at Poitiers, I had risen to be Maitre Olivet's head-clerk, and that some time or other I hoped to make a bid for his berth. I know a good deal more of Lucien Chardon (de Rubempre he calls himself now), he was Mme. de Bargeton's lover, our great poet, David Sechard's brother-in-law, in fact."
"Then you can go and tell David of your appointment, and offer him your services," said tall Cointet.
"One can't do that," said the young attorney.
"He has never had a lawsuit, and he has no attorney, so one can do that," said Cointet, scanning the other narrowly from behind his colored spectacles.
A certain quantity of gall mingled with the blood in Pierre Petit-Claud's veins; his father was a tailor in L'Houmeau, and his schoolfellows had looked down upon him. His complexion was of the muddy and unwholesome kind which tells a tale of bad health, late hours and penury, and almost always of a bad disposition. The best description of him may be given in two familiar expressions—he was sharp and snappish. His cracked voice suited his sour face, meagre look, and magpie eyes of no particular color. A magpie eye, according to Napoleon, is a sure sign of dishonesty. "Look at So-and-so," he said to Las Cases at Saint Helena, alluding to a confidential servant whom he had been obliged to dismiss for malversation. "I do not know how I could have been deceived in him for so long; he has a magpie eye." Tall Cointet, surveying the weedy little lawyer, noted his face pitted with smallpox, the thin hair, and the forehead, bald already, receding towards a bald cranium; saw, too, the confession of weakness in his attitude with the hand on the hip. "Here is my man," said he to himself.
As a matter of fact, this Petit-Claud, who had drunk scorn like water, was eaten up with a strong desire to succeed in life; he had no money, but nevertheless he had the audacity to buy his employer's connection for thirty thousand francs, reckoning upon a rich marriage to clear off the debt, and looking to his employer, after the usual custom, to find him a wife, for an attorney always has an interest in marrying his successor, because he is the sooner paid off. But if Petit-Claud counted upon his employer, he counted yet more upon himself. He had more than average ability, and that of a kind not often found in the provinces, and rancor was the mainspring of his power. A mighty hatred makes a mighty effort.
There is a great difference between a country attorney and an attorney in Paris; tall Cointet was too clever not to know this, and to turn the meaner passions that move a pettifogging lawyer to good account. An eminent attorney in Paris, and there are many who may be so qualified, is bound to possess to some extent the diplomate's qualities; he had so much business to transact, business in which large interests are involved; questions of such wide interest are submitted to him that he does not look upon procedure as machinery for bringing money into his pocket, but as a weapon of attack and defence. A country attorney, on the other hand, cultivates the science of costs, broutille, as it is called in Paris, a host of small items that swell lawyers' bills and require stamped paper. These weighty matters of the law completely fill the country attorney's mind; he has a bill of costs always before his eyes, whereas his brother of Paris thinks of nothing but his fees. The fee is a honorarium paid by a client over and above the bill of costs, for the more or less skilful conduct of his case. One-half of the bill of costs goes to the Treasury, whereas the entire fee belongs to the attorney. Let us admit frankly that the fees received are seldom as large as the fees demanded and deserved by a clever lawyer. Wherefore, in Paris, attorneys, doctors, and barristers, like courtesans with a chance-come lover, take very considerable precautions against the gratitude of clients. The client before and after the lawsuit would furnish a subject worthy of Meissonier; there would be brisk bidding among attorneys for the possession of two such admirable bits of genre.
There is yet another difference between the Parisian and the country attorney. An attorney in Paris very seldom appears in court, though he is sometimes called upon to act as arbitrator (refere). Barristers, at the present day, swarm in the provinces; but in 1822 the country attorney very often united the functions of solicitor and counsel. As a result of this double life, the attorney acquired the peculiar intellectual defects of the barrister, and retained the heavy responsibilities of the attorney. He grew talkative and fluent, and lost his lucidity of judgment, the first necessity for the conduct of affairs. If a man of more than ordinary ability tries to do the work of two men, he is apt to find that the two men are mediocrities. The Paris attorney never spends himself in forensic eloquence; and as he seldom attempts to argue for and against, he has some hope of preserving his mental rectitude. It is true that he brings the balista of the law to work, and looks for the weapons in the armory of judicial contradictions, but he keeps his own convictions as to the case, while he does his best to gain the day. In a word, a man loses his head not so much by thinking as by uttering thoughts. The spoken word convinces the utterer; but a man can act against his own bad judgment without warping it, and contrive to win in a bad cause without maintaining that it is a good one, like the barrister. Perhaps for this very reason an old attorney is the more likely of the two to make a good judge.
A country attorney, as we have seen, has plenty of excuses for his mediocrity; he takes up the cause of petty passions, he undertakes pettifogging business, he lives by charging expenses, he strains the Code of procedure and pleads in court. In a word, his weak points are legion; and if by chance you come across a remarkable man practising as a country attorney, he is indeed above the average level.
"I thought, sir, that you sent for me on your own affairs," said Petit-Claud, and a glance that put an edge on his words fell upon tall Cointet's impenetrable blue spectacles.
"Let us have no beating about the bush," returned Boniface Cointet. "Listen to me."
After that beginning, big with mysterious import, Cointet set himself down upon a bench, and beckoned Petit-Claud to do likewise.
"When M. du Hautoy came to Angouleme in 1804, on his way to his consulship at Valence, he made the acquaintance of Mme. de Senonches, then Mlle. Zephirine, and had a daughter by her," added Cointet for the attorney's ear——"Yes," he continued, as Petit-Claud gave a start; "yes, and Mlle. Zephirine's marriage with M. de Senoches soon followed the birth of the child. The girl was brought up in my mother's house; she is the Mlle. Francoise de la Haye in whom Mme. de Senoches takes an interest; she is her godmother in the usual style. Now, my mother farmed land belonging to old Mme. de Cardanet, Mlle. Zephirine's grandmother; and as she knew the secret of the sole heiress of the Cardanets and the Senonches of the older branch, they made me trustee for the little sum which M. Francois du Hautoy meant for the girl's fortune. I made my own fortune with those ten thousand francs, which amount to thirty thousand at the present day. Mme. de Senonches is sure to give the wedding clothes, and some plate and furniture to her goddaughter. Now, I can put you in the way of marrying the girl, my lad," said Cointet, slapping Petit-Claud on the knee; "and when you marry Francoise de la Haye, you will have a large number of the aristocracy of Angouleme as your clients. This understanding between us (under the rose) will open up magnificent prospects for you. Your position will be as much as any one could want; in fact, they don't ask better, I know."
"What is to be done?" Petit-Claud asked eagerly. "You have an attorney, Maitre Cachan——"
"And, moreover, I shall not leave Cachan at once for you; I shall only be your client later on," said Cointet significantly. "What is to be done, do you ask, my friend? Eh! why, David Sechard's business. The poor devil has three thousand francs' worth of bills to meet; he will not meet them; you will stave off legal proceedings in such a way as to increase the expenses enormously. Don't trouble yourself; go on, pile on items. Doublon, my process-server, will act under Cachan's directions, and he will lay on like a blacksmith. A word to the wise is sufficient. Now, young man?——"
An eloquent pause followed, and the two men looked at each other.
"We have never seen each other," Cointet resumed; "I have not said a syllable to you; you know nothing about M. du Hautoy, nor Mme. de Senonches, nor Mlle. de la Haye; only, when the time comes, two months hence, you will propose for the young lady. If we should want to see each other, you will come here after dark. Let us have nothing in writing."
"Then you mean to ruin Sechard?" asked Petit-Claud.
"Not exactly; but he must be in jail for some time——"
"And what is the object?"
"Do you think that I am noodle enough to tell you that? If you have wit enough to find out, you will have sense enough to hold your tongue."
"Old Sechard has plenty of money," said Petit-Claud. He was beginning already to enter into Boniface Cointet's notions, and foresaw a possible cause of failure.
"So long as the father lives, he will not give his son a farthing; and the old printer has no mind as yet to send in an order for his funeral cards."
"Agreed!" said Petit-Claud, promptly making up his mind. "I don't ask you for guarantees; I am an attorney. If any one plays me a trick, there will be an account to settle between us."
"The rogue will go far," thought Cointet; he bade Petit-Claud good-morning.
The day after this conference was the 30th of April, and the Cointets presented the first of the three bills forged by Lucien. Unluckily, the bill was brought to poor Mme. Sechard; and she, seeing at once that the signature was not in her husband's handwriting, sent for David and asked him point-blank:
"You did not put your name to that bill, did you?"
"No," said he; "your brother was so pressed for time that he signed for me."
Eve returned the bill to the bank messenger sent by the Cointets.
"We cannot meet it," she said; then, feeling that her strength was failing, she went up to her room. David followed her.
"Go quickly to the Cointets, dear," Eve said faintly; "they will have some consideration for you; beg them to wait; and call their attention besides to the fact that when Cerizet's lease is renewed, they will owe you a thousand francs."
David went forthwith to his enemies. Now, any foreman may become a master printer, but there are not always the makings of a good man of business in a skilled typographer; David knew very little of business; when, therefore, with a heavily-beating heart and a sensation of throttling, David had put his excuses badly enough and formulated his request, the answer—"This is nothing to do with us; the bill has been passed on to us by Metivier; Metivier will pay us. Apply to M. Metivier"—cut him short at once.
"Oh!" cried Eve when she heard the result, "as soon as the bill is returned to M. Metivier, we may be easy."
At two o'clock the next day, Victor-Ange-Hermenegilde Doublon, bailiff, made protest for non-payment at two o'clock, a time when the Place du Murier is full of people; so that though Doublon was careful to stand and chat at the back door with Marion and Kolb, the news of the protest was known all over the business world of Angouleme that evening. Tall Cointet had enjoined it upon Master Doublon to show the Sechards the greatest consideration; but when all was said and done, could the bailiff's hypocritical regard for appearances save Eve and David from the disgrace of a suspension of payment? Let each judge for himself. A tolerably long digression of this kind will seem all too short; and ninety out of every hundred readers shall seize with avidity upon details that possess all the piquancy of novelty, thus establishing yet once again the trust of the well-known axiom, that there is nothing so little known as that which everybody is supposed to know—the Law of the Land, to wit.
And of a truth, for the immense majority of Frenchmen, a minute description of some part of the machinery of banking will be as interesting as any chapter of foreign travel. When a tradesman living in one town gives a bill to another tradesman elsewhere (as David was supposed to have done for Lucien's benefit), the transaction ceases to be a simple promissory note, given in the way of business by one tradesman to another in the same place, and becomes in some sort a letter of exchange. When, therefore, Metivier accepted Lucien's three bills, he was obliged to send them for collection to his correspondents in Angouleme—to Cointet Brothers, that is to say. Hence, likewise, a certain initial loss for Lucien in exchange on Angouleme, taking the practical shape of an abatement of so much per cent over and above the discount. In this way Sechard's bills had passed into circulation in the bank. You would not believe how greatly the quality of banker, united with the august title of creditor, changes the debtor's position. For instance, when a bill has been passed through the bank (please note that expression), and transferred from the money market in Paris to the financial world of Angouleme, if that bill is protested, then the bankers in Angouleme must draw up a detailed account of the expenses of protest and return; 'tis a duty which they owe to themselves. Joking apart, no account of the most romantic adventure could be more mildly improbable than this of the journey made by a bill. Behold a certain article in the Code of commerce authorizing the most ingenious pleasantries after Mascarille's manner, and the interpretation thereof shall make apparent manifold atrocities lurking beneath the formidable word "legal."
Master Doublon registered the protest and went himself with it to MM. Cointet Brothers. The firm had a standing account with their bailiff; he gave them six months' credit; and the lynxes of Angouleme practically took a twelvemonth, though tall Cointet would say month by month to the lynxes' jackal, "Do you want any money, Doublon?" Nor was this all. Doublon gave the influential house a rebate upon every transaction; it was the merest trifle, one franc fifty centimes on a protest, for instance.
Tall Cointet quietly sat himself down at his desk and took out a small sheet of paper with a thirty-five centime stamp upon it, chatting as he did so with Doublon as to the standing of some of the local tradesmen.
"Well, are you satisfied with young Gannerac?"
"He is not doing badly. Lord, a carrier drives a trade——"
"Drives a trade, yes; but, as a matter of fact, his expenses are a heavy pull on him; his wife spends a good deal, so they tell me——"
"Of his money?" asked Doublon, with a knowing look.
The lynx meanwhile had finished ruling his sheet of paper, and now proceeded to trace the ominous words at the head of the following account in bold characters:—
ACCOUNT OF EXPENSES OF PROTEST AND RETURN.
_To one bill for_ one thousand francs, _bearing date of February the
tenth, eighteen hundred and twenty-two, drawn by_ Sechard junior _of
Angouleme, to order of_ Lucien Chardon, _otherwise_ de Rubempre,
_endorsed to order of_ Metivier, _and finally to our order, matured
the thirtieth of April last, protested by_ Doublon, _process-server,
on the first of May, eighteen hundred and twenty-two._
fr. c.
Principal . . . . . . . . . . . . . . . . . 1000 --
Expenses of Protest. . . . . . . . . . . . . 12 35
Bank charges, one-half per cent. . . . . . . 5 --
Brokerage, one-quarter per cent. . . . . . . 2 50
Stamp on re-draft and present account. . . . 1 35
Interest and postage . . . . . . . . . . . . 3 --
____ ____
1024 20
Exchange at the rate of one and a quarter
per cent on 1024 fr. 20 c.. . . . . . . . 13 25
____ ____
Total. . . . . . . . . . . . . . . 1037 45
_One thousand and thirty-seven francs forty-five centimes, for
which we repay ourselves by our draft at sight upon M. Metivier,
Rue Serpente, Paris, payable to order of M. Gannerac of L'Houmeau._
ANGOULEME, May 2, 1822 COINTET BROTHERS.
At the foot of this little memorandum, drafted with the ease that comes of long practice (for the writer chatted with Doublon as he wrote), there appeared the subjoined form of declaration:—
"We, the undersigned, Postel of L'Houmeau, pharmaceutical chemist,
and Gannerac, forwarding agent, merchant of this town, hereby
certify that the present rate of exchange on Paris is one and a
quarter per cent.
"ANGOULEME, May 2, 1822."
"Here, Doublon, be so good as to step round and ask Postel and Gannerac to put their names to this declaration, and bring it back with you to-morrow morning."
And Doublon, quite accustomed as he was to these instruments of torture, forthwith went, as if it were the simplest thing in the world. Evidently the protest might have been sent in an envelope, as in Paris, and even so all Angouleme was sure to hear of the poor Sechards' unlucky predicament. How they all blamed his want of business energy! His excessive fondness for his wife had been the ruin of him, according to some; others maintained that it was his affection for his brother-in-law; and what shocking conclusions did they not draw from these premises! A man ought never to embrace the interests of his kith and kin. Old Sechard's hard-hearted conduct met with approval, and people admired him for his treatment of his son!
And now, all you who for any reason whatsoever should forget to "honor your engagements," look well into the methods of the banking business, by which one thousand francs may be made to pay interest at the rate of twenty-eight francs in ten minutes, without breaking the law of the land.
The thousand francs, the one incontestable item in the account, comes first.
The second item is shared between the bailiff and the Inland Revenue Department. The six francs due to the State for providing a piece of stamped paper, and putting the debtor's mortification on record, will probably ensure a long life to this abuse; and as you already know, one franc fifty centimes from this item found its way into the banker's pockets in the shape of Doublon's rebate.
"Bank charges one-half per cent," runs the third item, which appears upon the ingenious plea that if a banker has not received payment, he has for all practical purposes discounted a bill. And although the contrary may be the case, if you fail to receive a thousand francs, it seems to be very much the same thing as if you had paid them away. Everybody who has discounted a bill knows that he has to pay more than the six per cent fixed by law; for a small percentage appears under the humble title of "charges," representing a premium on the financial genius and skill with which the capitalist puts his money out to interest. The more money he makes out of you, the more he asks. Wherefore it would be undoubtedly cheaper to discount a bill with a fool, if fools there be in the profession of bill-discounting.
The law requires the banker to obtain a stock-broker's certificate for the rate of exchange. When a place is so unlucky as to boast no stock exchange, two merchants act instead. This is the significance of the item "brokerage"; it is a fixed charge of a quarter per cent on the amount of the protested bill. The custom is to consider the amount as paid to the merchants who act for the stock-broker, and the banker quietly puts the money into his cash-box. So much for the third item in this delightful account.
The fourth includes the cost of the piece of stamped paper on which the account itself appears, as well as the cost of the stamp for re-draft, as it is ingeniously named, viz., the banker's draft upon his colleague in Paris.
The fifth is a charge for postage and the legal interest due upon the amount for the time that it may happen to be absent from the banker's strong box.
The final item, the exchange, is the object for which the bank exists, which is to say, for the transmission of sums of money from one place to another.
Now, sift this account thoroughly, and what do you find? The method of calculation closely resembles Polichinelle's arithmetic in Lablache's Neapolitan song, "fifteen and five make twenty-two." The signatures of Messieurs Postel and Gannerac were obviously given to oblige in the way of business; the Cointets would act at need for Gannerac as Gannerac acted for the Cointets. It was a practical application of the well-known proverb, "Reach me the rhubarb and I will pass you the senna." Cointet Brothers, moreover, kept a standing account with Metivier; there was no need of a re-draft, and no re-draft was made. A returned bill between the two firms simply meant a debit or credit entry and another line in a ledger.
This highly-colored account, therefore, is reduced to the one thousand francs, with an additional thirteen francs for expenses of protest, and half per cent for a month's delay, one thousand and eighteen francs it may be in all.
Suppose that in a large banking-house a bill for a thousand francs is daily protested on an average, then the banker receives twenty-eight francs a day by the grace of God and the constitution of the banking system, that all powerful invention due to the Jewish intellect of the Middle Ages, which after six centuries still controls monarchs and peoples. In other words, a thousand francs would bring such a house twenty-eight francs per day, or ten thousand two hundred and twenty francs per annum. Triple the average of protests, and consequently of expenses, and you shall derive an income of thirty thousand francs per annum, interest upon purely fictitious capital. For which reason, nothing is more lovingly cultivated than these little "accounts of expenses."
If David Sechard had come to pay his bill on the 3rd of May, that is, the day after it was protested, MM. Cointet Brothers would have met him at once with, "We have returned your bill to M. Metivier," although, as a matter of fact, the document would have been lying upon the desk. A banker has a right to make out the account of expenses on the evening of the day when the bill is protested, and he uses the right to "sweat the silver crowns," in the country banker's phrase.
The Kellers, with correspondents all over the world, make twenty thousand francs per annum by charges for postage alone; accounts of expenses of protest pay for Mme. la Baronne de Nucingen's dresses, opera box, and carriage. The charge for postage is a more shocking swindle, because a house will settle ten matters of business in as many lines of a single letter. And of the tithe wrung from misfortune, the Government, strange to say! takes its share, and the national revenue is swelled by a tax on commercial failure. And the Bank? from the august height of a counting-house she flings an observation, full of commonsense, at the debtor, "How is it?" asks she, "that you cannot meet your bill?" and, unluckily, there is no reply to the question. Wherefore, the "account of expenses" is an account bristling with dreadful fictions, fit to cause any debtor, who henceforth shall reflect upon this instructive page, a salutary shudder.