"Lady, all men agree that a nobler prince and a juster than Duke Philip never reigned over brave men; and those who have seen the wisdom of his rule, grieve sorely to think so excellent and mighty a lord should have trouble brought to his old age by the turbulence of his son, the Count of Charolois."

Again Margaret's fair brow lowered, and the duchess hastened to answer, "The disputes between princes, young man, can never be rightly understood by such as thou and thy friends. The Count of Charolois is a noble gentleman; and fire in youth will break out. Richard the Lion Hearted of England was not less puissant a king for the troubles he occasioned to his sire when prince."

Alwyn bit his lip, to restrain a reply that might not have been well received; and the queen, putting aside the emeralds and a few other trinkets, said, smilingly, to the duchess, "Shall the king pay for these, or have thy learned men yet discovered the great secret?"

"Nay, wicked child," said the duchess, "thou lovest to banter me; and truth to say, more gold has been melted in the crucible than as yet promises ever to come out of it; but my new alchemist, Master Warner, seems to have gone nearer to the result than any I have yet known. Meanwhile, the king's treasurer must, perforce, supply the gear to the king's sister."

The queen wrote an order on the officer thus referred to, who was no other than her own father, Lord Rivers; and Alwyn, putting up his goods, was about to withdraw, when the duchess said carelessly, "Good youth, the dealings of our merchants are more with Flanders than with France, is it not so?"

"Surely," said Alwyn; "the Flemings are good traders and honest folk."

"It is well known, I trust, in the city of London, that this new alliance with France is the work of their favourite, the Lord Warwick," said the duchess, scornfully; "but whatever the earl does is right with ye of the hood and cap, even though he were to leave yon river without one merchant-mast."

"Whatever be our thoughts, puissant lady," said Alwyn, cautiously, "we give them not vent to the meddling with state affairs."

"Ay," persisted Jacquetta, "thine answer is loyal and discreet. But an' the Lord Warwick had sought alliance with the Count of Charolois, would there have been brighter bonfires than ye will see in Smithfield, when ye hear that business with the Flemings is surrendered for fine words from King Louis the Cunning?"

"We trust too much to our king's love for the citizens of London to fear that surrender, please your Highness," answered Alwyn; "our king himself is the first of our merchants, and he hath given a gracious answer to the deputation from our city."