Anyone returning to Morrel and Son's warehouse finds sadness where bustle once lived. Only Emmanuel, who loves Julie, and Cocles the one-eyed cashier remain. Cocles still trusts arithmetic and punctuality; Morrel has sold his wife's jewels at the Beaucaire fair to meet one month's bills, but credit has dried and two hundred eighty-seven thousand five hundred francs fall due unless the Pharaon returns from Calcutta.
The confidential clerk of Thomson and French arrives while a Bordeaux ship, not the Pharaon, enters harbor. He lays out de Boville's assignment and every bill Morrel has signed. Morrel admits he will suspend payment if the last ship is lost, and says that in business one has no friends, only correspondents. He dreads news almost as much as silence because uncertainty is still hope.
Julie bursts in with word that the Pharaon has sunk; the crew survived aboard La Gironde. Penelon tells how Captain Gaumard fought the squall, how water rose two inches an hour, and how the deck burst as they took to the boats. The Englishman interrupts with expert criticism of reefing, then praises the captain's pistols at the pumps. Morrel pays what he can and frees the sailors, who refuse full wages and swear to wait though he has no more ships to build.
The Englishman plays phlegm while Morrel trembles. When Julie announces the loss, the family crowds the study: Madame Morrel, Emmanuel, and bronzed sailors. Morrel thanks God that only he is struck, pays two hundred francs wages though he cannot afford generosity, and tells Penelon he has no ships left to employ them. The crew offers to wait and scud under bare poles; Morrel can barely bear their loyalty.
Alone with the creditor, Morrel says he has heard all and has nothing more to tell. The Englishman offers three months instead of two, takes the renewed bills, and fixes eleven o'clock on September fifth for payment or death. On the stairs he tells Julie to obey a letter signed Sinbad the Sailor and predicts she will marry Emmanuel. In the court he takes Penelon aside. The man Marseilles thinks drowned has bought time for the one merchant who never betrayed him.
Coming Up in Chapter 30
The three-month extension lifts Morrel's household briefly, but other creditors will not share Thomson and French's patience. Cocles keeps paying bills through July and August while Marseilles still expects final ruin on September fifth.