The negotiations in hand were, of course, the hiring of the Syndicate's fleet of airships to the British Empire during the course of the war. His Majesty had summoned a Privy Council at the Palace, and again Mr Parmenter was somewhat surprised at the cold grip and clear sight which these British aristocrats had in dealing with matters which he thought ought to have been quite outside their experience. Like many Americans, he had expected to meet a sort of glorified country squire, fox-hunter, grouse-killer, trout and salmon-catcher, and so on; but, as he admitted to Lennard later on, from His Majesty downwards they were about the hardest crowd to do business with that he had ever struck.

The terms he offered were half a million a week for the services of twenty-five airships till the war was ended. Two were retained as guardians for Whernside House and the observatory, and three for the Great Lever colliery, and this left twenty, not counting the original Columbia, which Mr Parmenter had bought as his aërial yacht, available for warlike purposes.

The figure was high, as the owners of the aërial battle-fleet admitted, but war was a great deal dearer. They guaranteed to bring the war to a stop within fourteen days, by which time Britain would have a new fleet in being which would be practically the only fleet capable of action in western waters with the exception of the Italian and the American. Given that the Syndicate's airships, acting in conjunction with the Ithuriel and the twelve of her sisters which were now almost ready for launching, could catch and wipe out the Flying Fishes, either above the waters or under them, the result would be that the Allies, cut off from their base of supplies, and with no retreat open to them, would be compelled to surrender; and Mr Parmenter did not consider that five hundred thousand pounds a week was too much to pay for this.

At the conclusion of his speech, setting forth the position of the Syndicate, he said, with a curious dignity which somehow always comes from a sense of power:

"Your Majesty, my Lords and gentlemen, I am just a plain American business man, and so is my friend, the inventor of these ships. We have told you what we believe they can do and we are prepared to show you that we have not exaggerated their powers. There is our ship outside in the gardens. If your Majesty would like to take a little trip through the air and see battle, murder and sudden death—"

"That's very kind of you, Mr Parmenter," laughed His Majesty, "but, much as I personally should like to come with you, I'm afraid I should play a certain amount of havoc with the British Constitution if I did. Kings of England are not permitted to go to war now, but if you would oblige me by taking a note to the Duke of Connaught, who has his headquarters at Reading, and then, if you could manage it under a flag of truce, taking another note to the German Emperor, who, I believe, has pitched his camp at Aldershot, I should be very much obliged."

"Anything your Majesty wishes," replied Mr Parmenter. "Now we've fixed up the deal the fleet is at your disposal and we sail under the British flag; though, to be quite honest, sir, I don't care about flying the white flag first. We could put up as pretty a fight for you along the front of the Allies as any man could wish to see."

"I am sorry, Mr Parmenter," laughed His Majesty, "that the British Constitution compels me to disappoint you, but, as some sort of recompense, I am sure that my Lords in Council will grant you permission to fly the White Ensign on all your ships and the Admiral's flag on your flagship, which, I presume, is the one in which you have come this morning. It is unfortunate that I can only confer the honorary rank of admiral upon Mr Hingeston, as you are not British subjects."

"Then, your Majesty," replied Mr Parmenter, "if it pleases you, I hope you will give that rank to my friend Newson Hingeston, who, as I have told you, has been more than twenty years making these ships perfect. He has created this navy, so I reckon he has got the best claim to be called admiral."

"Does that meet with your approval, my lords?" said the King.