nobody came forward to claim the bracelet, and a month later Madame de Versannes appeared at the Cranfords' ball with a brilliant diamond bracelet, worn like the Queen of Sheba's, high up on her arm, near the shoulder, to hide the lack of sleeve. This piece of finery, which drew everybody's attention to the wearer, was the famous bracelet picked up in the street. Clever of her!—wasn't it, now?"

"Horrid! Unlikely! Impossible.... What do you mean us to understand about it, Colonel? Could she have...?"

Then the Colonel went on to demonstrate, with many coarse insinuations, that that good Georgine, as he familiarly called her, had done many more things than people gave her credit for. And he went on to add: "Surely, you must have heard of the row about her between Givrac and the Homme-Volant at the Cirque?"

"What, the man that wears stockinet all covered with gold scales? Do tell us, Colonel!"

But here Madame de Nailles gave a dry little cough which was meant to impose silence on the subject. She was not a prude, but she disapproved of anything that was bad form at her receptions. The Colonel's revelations had to be made in a lower tone, while his hostess endeavored to bring back the conversation to the charming reply made by M. Renan to the somewhat insipid address of a member of the Academie.

"We sha'n't hear anything more now," said Colette, with a sigh. "Did you understand it, Jacqueline?"

"Understand—what?"

"Why, that story about the bracelet?"

"No—not all. The Colonel seemed to imply that she had not picked it up, and indeed I don't see how any one could have dropped in the street, in broad daylight, a bracelet meant only to be worn at night—a bracelet worn near the shoulder."

"But if she did not pick it up—she must have stolen it."

"Stolen it?" cried Belle. "Stolen it! What! The Marquise de Versannes? Why, she inherited the finest diamonds in Paris!"

"How do you know?"

"Because mamma sometimes takes me to the Opera, and her subscription day is the same as that of the Marquise. People say a good deal of harm of her—in whispers. They say she is barely received now in society, that people turn their backs on her, and so forth, and so on. However, that did not hinder her from being superb the other evening at 'Polyeucte'."

"So you only go to see 'Polyeucte'?" said Jacqueline, making a little face as if she despised that opera.

"Yes, I have seen it twice. Mamma lets me go to 'Polyeucte' and 'Guillaume Tell', and to the 'Prophete', but she won't take me to see 'Faust'—and it is just 'Faust' that I want to see. Isn't it provoking that one can't see everything, hear everything, understand everything? You see, we could not half understand that story which seemed to amuse the people so much in the other room. Why did they send back the bracelet from the Prefecture to Madame de Versannes if it was not hers?"

"Yes—why?" said all the little girls, much puzzled.

Meantime, as the hour for closing the exhibition at the neighboring hippodrome had arrived, visitors came pouring into Madame de Nailles's reception—tall, graceful women, dressed with taste and elegance, as befitted ladies who were interested in horsemanship. The tone of the conversation changed. Nothing was talked about but superb horses, leaps over ribbons and other obstacles. The young girls interested themselves in the spring toilettes, which they either praised or criticised as they passed before their eyes.

"Oh! there is Madame Villegry," cried Jacqueline; "how handsome she is! I should like one of these days to be that kind of beauty, so tall and slender. Her waist measure is only twenty-one and two thirds inches. The woman who makes her corsets and my mamma's told us so. She brought us one of her corsets to look at, a love of a corset, in brocatelle, all over many-colored flowers. That material is much more 'distingue' than the old satin—"

"But what a queer idea it is to waste all that upon a thing that nobody will ever look at," said Dolly, her round eyes opening wider than before.

"Oh! it is just to please herself, I suppose. I understand that! Besides, nothing is too good for such a figure. But what I admire most is her extraordinary hair."

"Which changes its color now and then," observed the sharpest of the three Wermant sisters. "Extraordinary is just the word for it. At present it is dark red. Henna did that, I suppose. Raoul—our brother—when he was in Africa saw Arab women who used henna. They tied their heads up in a sort of poultice made of little leaves, something like tea-leaves. In twenty-four hours the hair will be dyed red, and will stay red for a year or more. You can try it if you like. I think it is disgusting."

"Oh! look, there is Madame de Sternay. I recognized her by her perfume before I had even seen her. What delightful things good perfumes are!"

"What is it? Is it heliotrope or jessamine?" asked Yvonne d'Etaples, sniffing in the air.

"No—it is only orris-root—nothing but orris-root; but she puts it everywhere about her—in the hem of her petticoat, in the lining of her dress. She lives, one might say, in the middle of a sachet. The thing that will please me most when I am married will be to have no limit to my perfumes. Till then I have to satisfy myself with very little," sighed Jacqueline, drawing a little bunch of violets from the loose folds of her blouse, and inhaling their fragrance with delight.

"'Tiens'! here comes somebody who has to be contented with much less," said Yvonne, as a young girl joined their circle. She was small, awkward, timid, and badly dressed. On seeing her Colette whispered "Oh! that tiresome Giselle. We sha'n't be able to talk another word."

Jacqueline kissed Giselle de Monredon. They were distant cousins, though they saw each other very seldom. Giselle was an orphan, having lost both her father and her mother, and was being educated in a convent from which she was allowed to come out only on great occasions. Her grandmother, whose ideas were those of the old school, had placed her there. The Easter holidays accounted for Giselle's unexpected arrival. Wrapped in a large cloak which covered up her convent uniform, she looked, as compared with the gay girls around her, like a poor sombre night-moth, dazzled by the light, in company with other glittering creatures of the insect race, fluttering with graceful movements, transparent wings and shining corselets.

"Come and have some sandwiches," said Jacqueline, and she drew Giselle to the tea-table, with the kind intention apparently of making her feel more at her ease. But she had another motive. She saw some one who was very interesting to her coming at that moment toward the table. That some one was a man about forty, whose pointed black beard was becoming slightly gray—a man whom some people thought ugly, chiefly because they had never seen his somewhat irregular features illumined by a smile which, spreading from his lips to his eyes, lighted up his face and transformed it. The smile of Hubert Marien was rare, however. He was exclusive in his friendships, often silent, always somewhat unapproachable. He seldom troubled himself to please any one he did not care for. In society he was not seen to advantage, because he was extremely bored, for which reason he was seldom to be seen at the Tuesday receptions of Madame de Nailles; while, on other days, he frequented the house as an intimate friend of the family. Jacqueline had known him all her life, and for her he had always his beautiful smile. He had petted her when she was little, and had been much amused by the sort of adoration she had no hesitation in showing that she felt for him. He used to call her Mademoiselle ma femme, and M. de Nailles would speak of him as "my daughter's future husband." This joke had been kept up till the little lady had reached her ninth year, when it ceased, probably by order of Madame de Nailles, who in matters of propriety was very punctilious. Jacqueline, too, became less familiar than she