"And who are 'we,' if I may venture to ask, in this case; the trustees of the Warnow property, or yourself?"

"In this case the Baroness von Warnow, whom I have the honour to represent." There was so much calm superiority in the Italian's coolly courteous manner, his black eyes shone with such a steady light, that the Count could not bear their glance and looked confusedly on the ground.

"I beg your pardon," he said; "I--I did not mean to offend you."

"And I am not offended," answered Giraldi; "I never am when I see that people vent on me the vexation which I have not caused; it is like a letter that has been addressed to me by mistake. Shall we sit down?" The Count accepted the invitation unwillingly.

"I cannot, however, consider you exonerated from all blame; it was you who told me yesterday that it would not be difficult for me to raise the first instalment of the purchase-money. As I take it for granted that you are in a general way acquainted with my circumstances, and on the other hand, you have been so long intimate with the Councillor, I could not but believe that between him and you on the one side, and him and Herr Lübbener on the other, some conversation had taken place upon the matter in question, and that you were authorised by those gentlemen to make an advance to me in their names, which could not be made by the gentlemen themselves to whom I am to sell again, though only in their capacity as directors of the new railroad. Good! I went this morning to Lübbener; he professed great astonishment, said it was very strange, might create bad feeling if it were known that he had advanced the money, still--to please me, as I was determined to be the seller--in short, he made conditions--impossible, degrading conditions, I tell you--for which I could have horsewhipped the--the fellow! I went away furious, and went straight to Herr Philip Schmidt. Herr Schmidt, you must know--"

"I know--a merchant-captain, much thought of by the Werbens. The Councillor spoke to me about him." Giraldi played with his watch-chain while he said these words in a careless, conversational tone, and looked up in astonishment when the Count exclaimed eagerly:

"Heaven forbid! What could I have to do with him! Herr Philip Schmidt is, as I learnt unfortunately too late, a cousin of that otherwise utterly insignificant fellow, who has, with incredible audacity, forced himself into the best circles; a man of no birth----"

"I beg your pardon; Herr Philip Schmidt then, to whom you went----"

"Is the contractor for the Berlin-Sundin Railroad, and is to build our line also--a successful man, fairly presentable, and immensely rich. Polite reception, as I expected, assurance on assurance of meeting my wishes; but his money was tied up in every possible undertaking; his new house had cost him fearful sums; he must keep a balance in hand for the contract for our new railroad, and--in short, scarcely better conditions than those of Lübbener. Now you see how easily I can raise the half million which you demand as an instalment." The Count pulled at his fair moustache; his pale blue eyes looked angrily at Giraldi. He made a motion to rise, but on a sign made by the latter with his white hand, remained sitting, as if rooted to his chair.

"I must again ask your pardon," said Giraldi "I thought I had made myself clear enough yesterday. I had forgotten that German ears are--I will not say duller than Italian, but different to them. I could otherwise have spared you an unpleasant morning; for what could be more unpleasant for a nobleman than to be obliged to deal with crafty men of business, still more when these men, as is apparent, are in collusion! I hope that with us you will be relieved from this and any other unpleasantness."