Unfortunately, whether through envy or stupidity, all Morrel’s correspondents did not take this view; and some even came to a contrary decision. The bills signed by Morrel were presented at his office with scrupulous exactitude, and, thanks to the delay granted by the Englishman, were paid by Cocles with equal punctuality. Cocles thus remained in his accustomed tranquillity. It was Morrel alone who remembered with alarm, that if he had to repay on the 15th the 50,000 francs of M. de Boville, and on the 30th the 32,500 francs of bills, for which, as well as the debt due to the inspector of prisons, he had time granted, he must be a ruined man.

The opinion of all the commercial men was that, under the reverses which had successively weighed down Morrel, it was impossible for him to remain solvent. Great, therefore, was the astonishment when at the end of the month, he cancelled all his obligations with his usual punctuality. Still confidence was not restored to all minds, and the general opinion was that the complete ruin of the unfortunate shipowner had been postponed only until the end of the month.