Monsieur Décheles smiled.

"It is a pleasure which we all share," he declared. "It is more agreeable, without a doubt, to take lunch with Monsieur Carl Freudenberg, and to speak openly, than to exchange long-winded interviews, the true meaning of which is too much concealed by diplomatic verbiage, with the excellent gentleman to whose good offices are intrusted the destinies of Herr Freudenberg's great nation."

"Monsieur," Herr Freudenberg said, "to-day shall be no exception. To-day I speak to you, perhaps, more openly than ever before. To-day I perhaps risk much—yet why not speak the things which are in my heart?"

Monsieur Felix Brant took a cigarette from the box by his elbow, but he felt for it only. His eyes never left the face of his host. Of the three men, he seemed the one least in sympathy with the state of affairs to which Herr Freudenberg had alluded so cheerfully. He watched the man at the head of the table all the time as though every energy of which he was possessed was devoted to the task of reading underneath that suave but impenetrable face.

"Gentlemen," Herr Freudenberg continued, "there have been many misapprehensions between your country and mine. Ten years ago we seemed indeed on the highroad to friendship. It was then—I speak frankly, mind—that your country made the one fatal mistake of recent years. Great Britain, isolated, left behind in the race for power, a weakened and decaying nation, having searched the world over for allies, held out the timorous hand of friendship to you. What evil genius was with your statesmen that day! When the history of these times comes to be written, it is my firm belief that it will be then acknowledged that the genius of the man who reigned over Great Britain at that time was alone responsible for the commencement of what has become a veritable alliance."

Herr Freudenberg paused.

"There is no doubt," Monsieur Décheles asserted calmly, "that the influence of the late king was immense among the people of France. He appealed somehow to their imaginations, a great monarch who was also a bon viveur, who had lived his days in Paris as the others."

Herr Freudenberg nodded thoughtfully.

"He is dead," he said, "and history will write him down as a great king. Do you know that it is one of my theories that morals have nothing to do with government? I doubt whether a more sagacious monarch has ever reigned over that unfortunate country than the one we speak of. So sagacious was he that he even saw the beginning of the end, he saw the things that must come when he looked across the North Sea; and notwithstanding his descent, notwithstanding all the ties which should have allied him with Germany, he hated our people and he hated our country with a prophetic hatred. But we gossip a little, gentlemen. Let me proceed. I want you to realize that the policy of Germany for the last five years has been wholly directed towards securing the friendship of your country. I want you to realize that but for the continual interference of Great Britain you would even now be in a far more favorable position with us than you are to-day. Germany wants nothing in Morocco. Germany's first and greatest wish is for a rich and prosperous France. On the other hand, Germany is loyal to her friendships, and fervent in her hatreds. The country whose humiliation is a solemn charge upon my people is Great Britain and not France."

Monsieur Décheles leaned back in his chair. Monsieur Felix Brant never moved.