"I suppose you know the world's opinion of me, Ferdinand—a hard, scheming, ambitious, grasping, avaricious item of human machinery, all my movements controlled by judgment, and conceived and regulated to advance only along the path of my own self-interest. What a liar the world can be—and I am going to show you this. I have been thinking it out while you have been away. You remember in the first hours of our friendship you spoke of the Castelars and their property, and you seemed surprised at my declaration that they had none. Well, I resolved for the sake of this new thing in my life, our friendship, to have the matter more closely looked into. I have done this, and I find I have been wrong all these years. Certain property that I have looked upon as mine, is theirs, and I am getting ready to make them full restitution. It will mean great riches to them; for amongst it is a district, at present barren and profitless, which I believe has most valuable deposits of silver. I shall restore it to them as soon as the formalities can be concluded; and you, my dear friend, shall, if you desire, be the bearer of the news to them; for it is to you, to our friendship, that in fact they will owe it."

"I am unfeignedly glad to hear this," I exclaimed. I was in truth lost in sheer amazement alike at the intention and at the motive to which he ascribed it. But so deep was my distrust of him that I could not stifle the doubts of his candour, even while he was speaking, and my thoughts went flying hither and thither in search of his real motive. Could he in any way have guessed that the facts were in my possession? Did he know that his agents in London had put the matter to Mrs. Curwen, and that she had travelled with me to Madrid?

"It has been a genuine pleasure to me to think of this little act of justice as the outcome of our friendship, Ferdinand—sincere, genuine pleasure. And now let us speak of another matter. Have you ever heard of your name having been used here in Spain?" The question came with such sharp suddenness that I was unprepared with a fencing reply.

"Yes, I have heard something of it," I answered, meeting the keen glance he bent on me.

"It is a curious business. Don't tell me what you have heard; I should not be surprised if I know it already. But if you have played with this thing at all, I beg you be cautious. If I were to tell you the nature of some of the reports my agents bring me, you would be intensely surprised. Happily our friendship enables me to distinguish accurately between my dear friend Ferdinand Carbonnell, and—the other. All do not hold the key to the mystery, however, and—well, perhaps it is fortunate in many ways that I do possess it. I tell you this now, because, while you have been absent from Madrid, strange things have occurred, and we are in the midst of much danger. Even as I sit here talking to you, it is scarcely an exaggeration to say the very existence of the Government, aye, and of the Monarchy itself may be trembling in the balance."

"You mean this?" I cried.

"My dear Ferdinand, on some things I never make mistakes. You know I have opposed this clamour for war with all my power, putting all I have of value to the hazard in that opposition. I have done that because I see as plainly as if the events had already occurred how hopeless would be a war for Spain. We can scarcely hold Cuba as it is, and Manila is but another name for menace. Can we dream then of winning when all the wealth and power of America is thrown into the scale against us? Alas, my poor, infatuated country!"

He leant back in his chair, lost for a moment in deep meditation.

"They prate to me, these fools, of European intervention and help. Who can intervene? Or if intervening, can do aught but dash themselves fruitlessly against the naval might of your country? If only England would speak the word! Then we might hope indeed; and then in all truth I would cry for war. But as it is, what else do we resemble so much as the swine of the Gadarenes inspired by the devils of our empty pride to rush down the precipice of war to sure and certain ruin? Ah, Ferdinand, my friend, pray to God—or whatever you hold for a God, that it may never be your lot to sit in the high places of your people and watch them rushing to ruin; seeing the ruin clearly and yet powerless to avert it. It is a cursed heritage!" he cried bitterly.

"The war could still be averted," I said.