Then he asked permission to make a digression, and being greeted with cries of "Go on!" from all sides, began in brief, clear sentences to show how the commerce of Nuremberg from small beginnings had reached its present prosperity. Instead of the timid, irregular exchange of goods as far as the Rhine, the Main, and the Danube, regular intercourse with Venice, Milan, Genoa, Bohemia, and Hungary, Flanders, Brabant, and the coast of the Baltic had commenced. Trade with the Italian cities, and through them, even with the Levant, had made its first successful opening under the Hohenstaufen rule; but during the evil days when the foreign monarchs had neglected Germany and her welfare, it sustained the most serious losses. By the election of Rudolph of Hapsburg who, with vigour, good-will, and intelligence, had devoted his attention to the security of commerce in the countries over which he reigned, better days for the merchant had returned, and it was very evident what his work required, what injured and robbed it of its well-earned reward. Confidence at home and abroad was the foundation of prosperity, not alone of the Nuremberg merchant but of trade in general. Under the Hohenstaufen rule their upright ancestors had so strengthened this confidence that wherever he went the Nuremberg merchant received respect and confidence above many—perhaps all others. The insecurity of the roads and of justice in the lawless times before the election of the Hapsburgs might have impaired this great blessing; but since Rudolph had wielded the sceptre with virile energy, made commerce secure, and administered justice, confidence had also returned, and to maintain it no sacrifice should be too great. As for him, Berthold Vorchtel, he would not spare himself, and if he expected the city to imitate him he would know how to answer for it.

Here he was interrupted by loud shouts of applause; but, without heeding them, he quietly went on: "And it is necessary to secure confidence in the Nuremberg merchant in two directions: his honesty and the capital at his command. Our business friends, far and near, must be permitted to continue to rely upon our trustworthiness as firmly as upon rock and iron. If we brought the arrogant Italian to say of us that, amongst the German cities who were blind, Nuremberg was the one-eyed, we ought now to force them to number us amongst those who see with both eyes, the honest, trust-inspiring blue eyes of the German. But to attain this goal we need the imperial protection, the watchful power of a great and friendly ruler. The progress which our trade owed to the Hohenstaufen proves this; the years without an Emperor, on the contrary, showed what threatens our commerce as soon as we lack this aid. Rights and privileges from sovereigns smoothed the paths in which we have surpassed others. To obtain new and more important ones must be our object. From the first Reichstag which the Emperor Rudolph held here, he has shown that he esteems us and believes us worthy of his confidence. Many valuable privileges have revealed this. To maintain this confidence, which is and will remain the source of the most important favours to Nuremberg, is enjoined upon us merchants by prudence, upon us directors of the city by regard for its prosperity. But, my honourable friends, reluctantly as I do so, I must nevertheless remind you that this confidence, here and there, has already received a shock through the errors of individuals. Who could have forgotten the tale of the beautiful cap of the unhappy Meister Mertein, who has preceded us into the other world? Doubtless it concerned but one scabby sheep, yet it served to bring the whole flock into disrepute. Perhaps the fact that it occurred so soon after Rudolph's election to the sovereignty, during the early days of his residence in our goodly city, imprinted it so deeply upon our imperial master's memory. A few hours ago he asked for some information concerning the sad affair which now occupies our attention, and when I represented that the public spirit and honesty of my countrymen, fellow-citizens, and associate members of the Council would prevent it from injuring our trade at home or abroad, he alluded to that story, by no means in the jesting way with which he formerly mentioned the vexatious incident that redounded to the honour of no one more than that of his own shrewdness, which at that time—seven years ago—was so often blended with mirth."

When the speaker began to allude to this much-discussed incident a smile had flitted over the features of his listeners, for they remembered it perfectly, and the story of Emperor Rudolph and the cap was still related to the honour of the presence of mind of the wise Hapsburg judge.

During the period of the assembly of the princes a Nuremberg citizen had taken charge of a bag containing two hundred florins for a foreign merchant who had lodged with him, but when he was asked for the property entrusted to him denied that he had received it.

This disgraceful occurrence was reported to the Emperor, but he apparently paid no heed to it, and received Master Mertein, amongst other citizens who wished to be presented to him. The dishonest man appeared in a rich gala dress and as, embarrassed by the Emperor's piercing gaze, he awkwardly twirled his cap—a magnificent article bordered with costly fur; the sovereign took it from his hand, examined it admiringly and, with the remark that it would suit even a king, placed it on his own royal head. Then he approached one after another to exchange a few words and, as if forgetting that he wore the head-gear, left the apartment to order a messenger to take the cap at once to its owner's wife, show it to her as a guarantee of trustworthiness, and ask her to bring the bag which the foreign merchant had given him to the castle. The woman did so and the cheat was unmasked.

Everyone present, like Els, was familiar with this story, which wrongly cast so evil a light upon the uprightness of the citizens of Nuremberg. Who could fail to be painfully affected by the thought that Rudolph, during his present stay amongst them, must witness the injury of others by a Nuremberg merchant? Who could have now opposed Herr Berthold, when he asked, still more earnestly than before, that the community would do its share to maintain confidence in the reliability of the Nuremberg citizens, and especially of the Honourable Council and everyone of its members?

But when he mentioned the large sum which he himself, and the other which Ernst Ortlieb intended on certain conditions to devote to the settlement of this affair, Peter Ammon also withdrew his opposition. The First Losunger's proposal was unanimously accepted, and also the condition made by his associate, Ernst Ortlieb. Casper Eysvogel, on whom the resolution bore most heavily, submitted in silence, shrugging his shoulders.

How high Els's heart throbbed, how she longed to rush down into the Council chamber and clasp the hand of the noble old man at the green table, when he said that in consequence of Ernst Ortlieb's condition—which he also made—the charge of the newly established Eysvogel business must be transferred from Herr Casper's hands to those of his son, Herr Wolff, as soon as the imperial pardon permitted him to leave his hiding-place. He, Berthold Vorchtel, would make no complaint against him, for he knew that Wolff had been forced to cross swords with his Ulrich. He had formed this resolution after a severe struggle with himself; but as a Christian and a fair-minded man he had renounced the human desire for revenge, and as God had wished to give him a token of his approval, he had sent to his house a substitute for his dead son. Fresh cries of approval interrupted this communication, whose meaning Els did not understand.

Not a word of remonstrance was uttered when the imperial magistrate at last proposed that Casper Eysvogel and the women of his family should leave the city and atone for his great offence by ten years in exile. One of his estates, which he advised the city to buy, could be assigned him as a residence. Herr Casper's daughter, Frau Isabella Siebenburg, had already, with her twin sons, found shelter at the Knight Heideck's castle. Her husband, who had joined his guilty brothers, would speedily fall into the hands of justice and reap what he had sowed. For the final settlement of this affair he begged the Honourable Council to appoint commissioners, whom he would willingly join.

Then Herr Vorchtel again rose and requested his honourable friends to treat the new head of the house with entire confidence; for from the books of the firm and the statements which he had made in his hiding-place and sent to the Council, both he and the city clerk had become convinced that he was one of the most cautious and upright young merchants in Nuremberg. Their opinion was also shared by the most prominent business acquaintances of the house.