"It was two years ago," began Blagden, "on the beach at Trouville. I shall never forget it. The sea and the sky were blue; the sands were silver; and you were a marvelous mermaid, in gold and crimson, basking on the shore. When I saw you, I felt such emotion that I began at once repeating whole stanzas of Swinburne, appropriate to the occasion, and rivalling the day in warmth. I hoped--"
But she interrupted him. "It is pathetic," she said, "that a memory so tenderly poetical should be so much at fault. I am grieved for myself; I thought I had made a more lasting impression."
"But my memory," he protested, "is not at fault. I remember perfectly. It was a wonderful costume, almost worthy of its wearer. It was gold, pale gold--"
"Oh, stupid man!" she cried, "we are not talking of costumes; what do they matter? We are talking of our first meeting, and that was not at Trouville at all. Trouville, although delightful, came later. Our first meeting was at the races--"
"By Jove," he ejaculated, "you're right. So it was--Deauville races. And you were in the grandstand, in the very first row--"
"That's better," she exclaimed. "Your memory is improving. I was watching the horses parade before the opening race, and was suddenly smitten with the charms of a beautiful bay named Voyageur. Immediately I knew that I must bet five hundred francs on Voyageur. The time was short--"
"And so," he smiled, "you made appealing eyes at me--"
"No, no," she contradicted, "I did not. Or if I did, I was quite justified. You had been staring at me very rudely for some time."
"That is true," he admitted. "I couldn't help myself. But in any event, we became acquainted, and I placed the money on your favorite. I recall that distinctly. And I remember thinking, 'Poor girl; poor lovely girl; she will surely lose.' And then Voyageur--"
She in her turn took up the tale. "Oh, wasn't it splendid?" she cried. "A furlong from home, and we thought that he was beaten, and then, like a flash, up he came, out of the ruck, past the leaders, won under wraps, with his jockey sitting still, and both of us shrieking, 'Voyageur! Voyageur!' like mad."
"It was glorious," he agreed. "And after that do you remember the race for two-year-olds, and my theory that in an untried field the odds were all against the favorites winning? I suggested that we buy a ticket on every horse in the race; you assented, and the theory proved a magnificent success. We won a thousand francs--"
"And that night," she reminded him, "flushed with victory, we played roulette. It was I who invented the system then, and unlike yours, it cost us every cent we had made, and much more besides. Do you remember that?"
"Of course I do," he answered. "It was the old story; we were winners, but didn't know when to stop. But it was worth it; those were royal days."
"And then," she continued, "came our ventures in the market. The rise in rails that made us rich; and the cotton corner that beggared us. You haven't forgotten those?"
"Forgotten them?" he echoed. "Could I forget? Ah! what times those were!"
There was a pause. At length she said musingly, "Two years ago. Two long years. And how has Fortune treated you? Bountifully, I hope."
Blagden smiled. "I was just complaining to my friends," he said, "that she had deserted me. And now--she resumes her favors."
She bowed, half in earnest, half jestingly. "You are too kind," she answered, "but seriously, I am sorry if you have not prospered."
"To be candid," Blagden admitted, "I have not. But I am not discouraged. Being a Goddess, it is her privilege to be fickle; that, I suppose, is her real fascination. But tell me how the years have gone with you. Have you lived as you planned to live?"
She regarded him steadily, and without emotion. "Exactly," she answered, "as I planned."
He was silent, returning her gaze. "Well," he rejoined at length, "if it is a matter for congratulation, then I congratulate you. Is he rich?"
"Oh, very," she responded. "You need hardly have asked me that?"
"Quite true," he answered. "Forgive my stupidity. And are you happy?"
"Why--yes," she replied more doubtfully, "I suppose so. I have a great deal. I desire more."
"That," he said, "is the chief trouble with all of us. That, in fact, was the reason for my recent undoing. I risked a moderate capital to gain a fortune, and was wiped out. I lost everything--hook, line and sinker."
"I am so sorry," she answered. "Was it in stocks?"
"Next door to it," he responded. "It was January cotton. By every test in the world, by reasoning, by statistical information, by the opinion of the trade, by the advice of brokers, by every known method of determining values, January cotton was the greatest purchase in the universe. It had to go up, that was all there was to it. It was mathematically impossible for it to stay down. So I bought it, bought it up to my eyebrows; and so, I imagine, did every Tom, Dick and Harry in the Street. Result, a hundred and fifty point drop, swift and sudden as a hurricane, and when it was over, scattered heaps of financial corpses, of which I had the honor to be one. I had money, desired more; and got--what I deserved."
She sighed sympathetically. "I only wish," she murmured, more to herself than to him, "that I had known."
He regarded her with frank amazement. "What could you have done?" he queried. "Prevented me from losing?"
"Yes," she answered gravely, "I think that I could. I, of course, know nothing, but it happens that my friend is a great authority upon the markets. He is never wrong."
Blagden smiled indulgently. "Oh, I've heard of those fellows," he responded. "Don't think I'm rude, but there's no such thing in the world as a man who's never wrong on speculation. He simply doesn't exist."
"But you don't understand," she insisted. "He really knows."
"Pure coincidence," he retorted lightly. "I've known of such cases. He might hit it three times, four times, a dozen times, but nobody can be consistently right. It's humanly impossible."
"It was over six months ago," she rejoined with conviction, "that he told me to make my first trade. At my cottage he has had installed tickers for all three of the markets. If he is there between ten and three, he keeps close watch of them. And every so often he will say, 'Would you like some pin money?' And always I win, and never lose."
"Well," said Blagden lightly, "we won't quarrel over it. If you say it's so, it's so. But why do you say that you 'desire more?' I should consider you a very fortunate lady. If I could win every time I gambled, I don't think I'd require anything else."
"Oh, yes, you would," she promptly answered. "If you were only allowed to play every week or two, and in a very limited way, and under the direction of another person, would that satisfy you? Of course not. The point is here. I am only allowed to meddle with stocks as an amusement--a plaything. But I want to know how he does it. Then I should be satisfied, for I could make all the money I wished."
"But why so eager about money?" he queried. "You never used to be."
"In two years," she answered, "I have changed a great deal. I am older; I hope wiser. I know that youth fades, that life itself is brief. And before I die, I wish to realize a dream--a vision. I wish to have the finest pleasure yacht in the world and to voyage north, south, east, west, until I have seen all that there is to see upon this earth. Hence my desire for money."
"Now I understand," he replied. Then added, more lightly, "You say you 'want to know how he does it.' Does it appear to be a kind of magic? Does he make his profits in the same way that a conjuror extracts rabbits from a hat?"
His levity nettled her. "You are provincial," she retorted sharply. "You reason that because you have lost money in stocks, everyone must do so. Often it is foolish to believe too much; but sometimes one may believe too little."
He hastened to make amends. "I apologize," he said. "You are perfectly right. And I am really immensely interested in your story. You think, then, that he speculates with some sort of system?"
"I am sure of it," she answered with conviction, "and when I saw you here to-night, I suddenly remembered many things that you had told me about the market, and I wondered if you could not aid me now."
"If I may help," he assured her, "I am wholly at your service. Though I fear I am somewhat at a loss as to how or where to begin."
"And yet," she rejoined, "there is a starting-point. I am confident of it. Are you at liberty this evening?"
"Never more so," he answered.
"Then come with me," she said. "I have a taxi waiting." And Blagden, assisting her to put on her wraps, escorted her to the motor, which whirled them away from the city, mile after mile, until it finally stopped at a pretty cottage, far out in the country, isolated and half hidden in a miniature forest of trees, shrubs and flowers.
A trim maid answered her mistress's ring, then discreetly vanished. "Now," she said, "I will show you what I mean," and leading the way to the study on the floor above, she turned the switch and flooded the room with mellow light. Blagden looked about him with interest. As she had told him, over against the wall stood the three tickers, side by side, and beyond them a desk and a telephone switchboard. In spite of himself, Blagden was impressed. There was an orderliness, an indefinable businesslike touch to the room and its contents which seemed to make it evident that its owner was a man of affairs.
"Well," she queried, "do you believe me now?"
"Oh, it's not a question of belief--" he began, but she suddenly exclaimed, "Wait a moment; I forgot," and hurriedly leaving the room, she returned almost instantly with a small memorandum book in her hand. "Now," she said, "look at this."
Blagden took the book and scanned the entries with care. Here was fifty Reading bought at ninety-three and sold at ninety-eight; and here one hundred bales of May cotton sold at eighteen, fifty-six, and bought in at seventeen, fifty-two. A little further on were ten thousand bushels of December wheat bought at a dollar, fifty-four and closed out at a dollar, fifty-seven. Sometimes the gains were large, sometimes small, but invariably, as she had claimed, each transaction showed a profit. Blagden gazed, fascinated.
"Now," she said, "isn't it wonderful?"
"Wonderful," he echoed. "It's more than that. It's a miracle. If I had met you six months ago, where would I be to-day? I'd be rolling in it; I'd be worth a million."
Her face was as covetous as his. "You've been in the market for years," she said. "Haven't you any way of finding out?"
"I don't know," he answered slowly. "Did you tell me in the café you had a clew?"
She hesitated. "It sounds rather ridiculous," she answered, "but do you think it's possible that the time of day can have anything to do with the strength or weakness of stocks?"
He looked disappointed. "Oh, I've heard that talk down town," he responded. "There are as many theories of speculation as there are speculators. Everyone agrees that there's manipulation--flagrant manipulation--though of course this is indignantly denied by everybody connected with the Exchange. But how this manipulation is managed, no two men agree. I've heard what you hint at, that the future course of stocks is determined by their artificial strength or weakness at certain hours of the day; two o'clock, some people think is the significant time. Personally I never believed in it at all. Why do you ask?"
"Because," she answered, "when he stands here by the tickers, he is continually looking at his watch. I am not supposed to know this; in fact, between ten and three I am excluded from this room; but I have devised means of watching, and that is the peculiarity I have noticed; that, and the jotting down in his notebook of memoranda which he apparently copies from the tape."
Blagden looked puzzled. "I should be very slow," he said, "to believe anything of the kind. And I should think you could manage this affair without my aid. Considering your relations with this man, considering your very obvious attractions, I should think the stage was all set for a modern version of Merlin and Vivien."
She smiled a trifle bitterly. "I will confess to you," she answered, "that the same thing occurred to me. In fact, I attempted it; and failed utterly. Compared with this--" she indicated the tickers--"I am the proverbial dust beneath his feet."
There was silence. At length Blagden spoke. "This fascinates me," he said. "At first, I wholly disbelieved your story; now I do believe it. And upon one condition, I will devote my time, my energy, my best endeavor to the solving of this mystery. But the condition is important."
She regarded him curiously. "Name it," she said.
He rose from his seat, and stood looking at her appraisingly, a cold flame gleaming in his eyes. "It is this," he answered. "You liked me, I think, in the old days, but I was a poor man. I am a poor man to-day. But if we fathom this secret and gain the keys to Paradise, then let us make the building of your yacht a joint enterprise, and let us make the cruise--together."
She too had risen and now stood looking at him with a faint smile upon her lips. "Ours," she responded, "is a quite exceptional friendship. You are a man and I am a woman, and yet we have the great advantage of thoroughly understanding one another. If you can grant me my desire, I will reciprocate. I accept your offer, and I wish you success."