"Young man," he said, "in a sense I admire your independence. In another, I think you've got all the conceit a man needs for this world. Let us presume, for a moment, that she is, as you surmise, the daughter of a nobleman. When it suits her father to throw off his incognito, she is probably in touch with young men in the highest circles of many countries. Why should you suppose that you can come along and cut them all out?"

"Because I love her," the young man answered simply. "They don't."

"You must remember," Hunterleys resumed, "that all foreign noblemen are not what they are represented to be in your comic papers. Austrian and Russian men of high rank are most of them very highly cultivated, very accomplished, and very good-looking. You don't know much of the world, do you? It's a pretty formidable enterprise to come from a New York office, with only Harvard behind you, and a year or so's travel as a tourist, and enter the list against men who have had twice your opportunities. I am talking to you like this, young fellow, for your good. I hope you realise that. You're used to getting what you want. That's because you've been brought up in a country where money can do almost anything. I am behind the scenes here and I can assure you that your money won't count for much with Mr. Grex."

"I never thought it would," Richard admitted. "I think when I talk to her she'll understand that I care more than any of the others. If you want to know the reason, that's why I'm so hopeful."

Monsieur le Directeur had risen to his feet. Some one had proposed his health and he made a graceful little speech of acknowledgment. He remained standing for a few minutes after the cheers which had greeted his neat oratorical display had died away. The conclusion of his remarks came as rather a surprise to his guests.

"I have to ask you, ladies and gentlemen," he announced, "with many, many regrets, and begging you to forgive my apparent inhospitality, to make your arrangements for leaving us as speedily as may be possible. Our magnificent situation, with which I believe that most of you are familiar, has but one drawback. We are subject to very dense mountain mists, and alas! I have to tell you that one of these has come on most unexpectedly and the descent must be made with the utmost care. Believe me, there is no risk or any danger," he went on earnestly, "so long as you instruct your chauffeurs to proceed with all possible caution. At the same time, as there is very little chance of the mist becoming absolutely dispelled before daylight, in your own interests I would suggest that a start be made as soon as possible."

Every one rose at once, Richard and Hunterleys amongst them.

"This will test your skill to-night, young man," Hunterleys remarked. "How's the nerve, eh?"

Richard smiled almost beatifically. For once he had allowed his eyes to wander and he was watching the girl with golden hair who was at that moment receiving the respectful homage of the director.

"Lunatics, and men who are head over heels in love," he declared, "never come to any harm. You'll be perfectly safe with me."