Selingman, with his feet planted firmly upon the pavement, took a fresh cigar from his waistcoat pocket, bit off the end and lit it.

"My friend Hunterleys," he continued, "I am enjoying this brief interchange of confidences. Circumstances have made me, as you see, a politician, a schemer if you like. Nature meant me to be one of the frankest, the most truthful, the best-hearted of men. I detest the tortuous ways of the old diplomacy. The spoken word pleases me best. That is why I like a few minutes' conversation with the enemy, why I love to stand here and talk to you with the buttons off our foils. We are scheming against you and your country, and you know it, and we shall win. We can't help but win—if not to-day, to-morrow. Your country has had a marvellously long run of good luck, but it can't last for ever."

Hunterleys smiled.

"Well," he observed, "there's nothing like confidence. If you are so sure of success, why couldn't you choose a cleaner way to it than by tampering with our ally?"

Selingman patted his companion on the shoulder.

"Listen, my friend," he said, "there are no such things as allies. An alliance between two countries is a dead letter so soon as their interests cease to be identical. Now Austria is our ally because she is practically Germany. We are both mid-Continental Powers. We both need the same protection. But England and France! Go back only fifty years, my dear Hunterleys, and ask yourself—would any living person, living now and alive then, believe in the lasting nature of such an unnatural alliance? Wherever you look, in every quarter of the globe, your interests are opposed. You robbed France of Egypt. She can't have wholly forgotten. You dominate the Mediterranean through Gibraltar, Malta, and Cyprus. What does she think of that, I wonder? Isn't a humiliation for her when she does stop to think of it? You've a thousand years of quarrels, of fighting and rapine behind you. You can't call yourselves allies because the thing isn't natural. It never could be. It was only your mutual, hysterical fear of Germany which drove you into one another's arms. We fought France once to prove ourselves, and for money. Just now we don't want either money or territory from France. Perhaps we don't even want, my dear Englishman, what you think we want, but all the same, don't blame us for trying to dissolve an unnatural alliance. Was that Simpson who came by the Luxe this morning?"

"It was," Hunterleys admitted.

"The Right Honourable John William Meredith Simpson!" Selingman recited, waving his cigar. "Well, well, we certainly have made a stir with our little meetings here. An inspired English Cabinet Minister, travel-stained and dusty, arrives with his valet and a black dispatch-box, to foil our schemes. Send him along, my friend. We are not at all afraid of Mr. Simpson. Perhaps we may even ask him to join us this evening."

"I fancy," Hunterleys remarked grimly, "that the Englishman who joins you this evening will find a home up on the hill here."

"Or down in the morgue there," Selingman grunted, pointing down to Monaco. "Take care, Hunterleys—take care, man. One of us hates you. It isn't I. You are fighting a brave fight and a losing fight, but you are good metal. Try and remember, when you find that you are beaten, that life has many consolations for the philosopher."