Wilhelm II. allowed himself to smile gravely.

‘I see, Monsieur V——, that you are a prudent man. If Herr Finkelstein wishes to convince me of his loyalty to the Hohenzollerns, he cannot begin better than by renouncing the pension which he continues to draw secretly from the Duke of ——.’ His Majesty pronounced the name by which a well-known dispossessed sovereign goes in his exile.

Familiar as I long have been with instances of perfidy in others, I could not restrain an exclamation of astonishment at this revelation of Finkelstein’s double dealing. The Kaiser continued—

‘After that you will not be surprised if I caution you particularly against letting Herr Finkelstein know anything of the object of the inquiry I wish you to undertake.’

I bowed respectfully, and waited with some impatience to learn the true nature of my mission.

‘I could not receive you here without taking some one into the secret of your employment,’ the Kaiser went on to explain; ‘and I chose Finkelstein in order to give the affair as much as possible the aspect of a private and domestic matter. In reality the task I have to set you is one of the most grave in which you have ever been engaged.’

The Kaiser took one of the Berlin papers of the day before, which was lying on the desk in front of him, and pointed to a column in which was set out in conspicuous type the telegram which had convulsed Europe and Africa, and had already caused Lord Salisbury to issue orders for the mobilisation of his Flying Squadron.

‘I have sent for you, in two words, to find out for me the authorship of this telegram,’ the Kaiser said.

“‘I have sent for you, in two words, to find out for me the authorship of this telegram,’ the Kaiser said.”