"It is the prerogative of fools to be happy," said Count Quinnox.

"Not so with princes, eh?"

"It is a duty with princes, Mr. King."

They had not been in New York City an hour before they discovered that William W. Blithers was the man to whom they would have to appeal if they expected to gain a fresh hearing with the banks. The agents were in a dismal state of mind. The deal had been blocked no later than the afternoon of the day before and at a time when everything appeared to be going along most swimmingly. Blithers was the man to see; he and he alone could bring pressure to bear on the directorates that might result in a reconsideration of the surprising verdict. Something had happened during the day to alter the friendly attitude of the banks; they were now politely reluctant, as one of the agents expressed it, which really meant that opposition to the loan had appeared from some unexpected source, as a sort of eleventh hour obstacle. The heads of the two banks had as much as said that negotiations were at an end, that was the long and short of it; it really didn't matter what was back of their sudden change of front, the fact still remained that the transaction was as "dead as a door nail" unless it could be revived by the magnetic touch of a man like Blithers.

"What can have happened to cause them to change their minds so abruptly?" cried the perplexed Count. "Surely our prime minister and the cabinet have left nothing undone to convince them of Graustark's integrity and—"

"Pardon me. Count," interrupted one of the brokers, "shall I try to make an appointment for you with Mr. Blithers? I hear he is in town for a few days."

Count Quinnox looked to Truxton King for inspiration and that gentleman favoured him with a singularly dis-spiriting nod of the head. The old Graustarkian cleared his throat and rather stiffly announced that he would receive Mr. Blithers if he would call on him at the Ritz that afternoon.

"What!" exclaimed both agents, half-starting from their chairs in amazement.

The Count stared hard at them. "You may say to him that I will be in at four."

"He'll tell you to go to—ahem!" The speaker coughed just in time. "Blithers isn't in the habit of going out of his way to—to oblige anybody. He wouldn't do it for the Emperor of Germany."