The King nodded. He knew Megalia. The man who wanted to buy it was certainly a fool. Gorman was forced to admit that Donovan showed less wisdom than might be expected in wishing to spend money on a kingdom of that kind.

“Then,” said Madame, “the affair is simple. He buys. You sell. He pays. You take. We skip. I love London—yes, very well. But after all there are other cities. We skip. The Emperor acts. The American curses. What is that to us?”

The King shook his head. The plan was simple. Unfortunately the world is not big enough for the working out of really great conceptions.

“We should be pursued. They would take us by the collar. We should be compelled to disgorge the swag.”

“We should not be so compelled,” said Madame. “I should at once buy pearls and diamonds, and I should conceal them. You, Konrad, would have nothing to disgorge.”

It is certain that the King had a real affection for Madame Corinne. Gorman called it an infatuation. No doubt he even trusted her. It is just conceivable that he would have allowed her to wander off by herself with several hundred thousand pounds worth of jewels while he argued with the Emperor and Donovan and the U. S. Ambassador. But Gorman pointed out a fatal defect in the scheme.

“I don’t deny,” he said, “that there’s a soft spot somewhere in Donovan. But he’s not that particular kind of fool. You may take it from me, Madame, that the price won’t be paid till you have delivered the goods. You won’t get more than a few thousands in advance until Miss Daisy is actually sitting on a throne with a gold crown on her head.”

“There is no crown in Megalia,” said the King. “There never was. If there had been it would not be there now. I should have brought it with me when I made my scoot.”

“Donovan won’t bother about that point,” said Gorman. “In fact, I expect he’d buy a new crown in any case. He wouldn’t like the idea of his daughter appearing in anything second-hand. What he wants for her is the right to wear a crown.”

“That,” said the King, “is exactly the pinching shoe. That she cannot have. We are at a dying—no, a dead lock.”