The Prince smiled at the words as at an old acquaintance.

"The peace of Europe," he said, "is a kind of bugaboo which diplomats use to frighten each other with, and even to frighten themselves with. I do not believe that the peace of Europe hangs on any such delicate balance as they pretend. Though, of course," he added, more gravely, "there are certain circumstances under which this question of the succession might become very unpleasant to the Powers."

"Ah!" breathed Susie, who had been listening eagerly. "You admit that, then?"

"Admit it? Certainly—why not? But, intrinsically, it amounts to little. So it is with us Markelds—our lineage is as long as that of any house in Europe, and we hold our heads very high, but we are really of not much importance. We keep up a certain state, we live in a castle, if you will; but we really do nothing worth while, principally, I suppose, because we are so poor."

"So poor?" echoed Susie, open-eyed.

"You are thinking of the apartment de luxe," said the Prince, with a smile; "of the special train. But, do you not see, those are the very things which make me poor. I have no use for seven rooms; in the special train, I can occupy but a single seat. All the rest is waste, which does me no good—rather the reverse, indeed, since it serves to impress people with an exaggerated idea of my importance and so pave the way for fresh extravagances. I did not mean that I am poor absolutely; I do not suppose that I shall ever want for food and clothing and a place to sleep. It is only as a Prince that I am poor—that we Markelds are all poor."

"But one would think there were many things worth while which a man in your position could do," said Susie, earnestly, "even if you aren't rich."

"Oh," he explained, looking down at her with a laugh in his eyes, "I would not have you think that I am always wholly idle. I am colonel of a dragoon regiment, and I inspect it, sometimes, or ride in front of it at a general review. I hunt. I attend various functions of the court. I even sometimes act as the representative of my house, as I am doing now."

"None of which," said Susie, "except perhaps the last, is in the least worth while."

"I agree with you, unreservedly," he assented; "but it is about what most men in my position do."