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All Penguinia heard with horror of Pyrot's crime; at the same time there was a sort of satisfaction that this embezzlement combined with treachery and even bordering on sacrilege, had been committed by a Jew. In order to understand this feeling it is necessary to be acquainted with the state of public opinion regarding the Jews both great and small. As we have had occasion to say in this history, the universally detested and all powerful financial caste was composed of Christians and of Jews. The Jews who formed part of it and on whom the people poured all their hatred were the upper-class Jews. They possessed immense riches and, it was said, held more than a fifth part of the total property of Penguinia. Outside this formidable caste there was a multitude of Jews of a mediocre condition, who were not more loved than the others and who were feared much less.
In every ordered State, wealth is a sacred thing: in democracies it is the only sacred thing. Now the Penguin State was democratic. Three or four financial companies exercised a more extensive, and above all, more effective and continuous power, than that of the Ministers of the Republic. The latter were puppets whom the companies ruled in secret, whom they compelled by intimidation or corruption to favour themselves at the expense of the State, and whom they ruined by calumnies in the press if they remained honest.