“At Munich they tell me the French pieces have become—well, not common, but not so very scarce.”

“And at Dresden?”

“I do not know. Perhaps Dresden is the same.”

“And at Paris?”

“Ah, Paris! Do they have gold there?”

“When I was young it was all silver at Paris. Gold is now as plentiful as blackberries. And at Berlin it is nearly the same. Just here in Austria, you have not quite got through your difficulties.”

“I think we are doing very well in Austria;—at any rate, in the Tyrol.”

“Very well, Frau Frohmann; very well indeed. Pray do not suppose that I mean anything to the contrary. But though you haven’t got into the way of using gold money yourself, the world all around you has done so; and, of course, if meat is dear at Munich because gold won’t buy so much there as it used to do, meat will be dearer also at Innsbruck, even though you continue to pay for it with bank-notes.”

“It is dearer, sir, no doubt,” said the Frau, shaking her head. She had endeavoured to contest that point gallantly, but had been beaten by the conduct of the two butchers. The higher prices of Hoff at Innsbruck had become at any rate better than the lower prices of that deceitful enemy at Brixen.

“It is dearer. For the world generally that may suffice. Your friend’s doctrine is quite enough for the world at large. Swim with the stream. In buying and selling,—what we call trade,—things arrange themselves so subtly, that we are often driven to accept them without quite knowing why they are so. Then we can only swim with the stream. But, in this matter, if you want to find out the cause, if you cannot satisfy your mind without knowing why it is that you must pay more for everything, and must, therefore, charge more to other people, it is because the gold which your notes represent has become more common in the world during the last thirty years.”