At eight o'clock the servants entered and lighted the lamps. The colour of the paper and the satin of the furniture enhanced the splendour of the effulgence thus created in that magnificent saloon.

At half-past nine the door opened again; and Holford's heart beat quickly, for he now expected the appearance of the sovereign and her guests. But, no—not yet. Two ladies attached to the court, entered the drawing-room, and seated themselves upon the sofa beneath which Holford lay concealed.

"Well—what think you of the young prince?" said one. "Your grace was seated next to him."

"Very handsome—and so unassuming," was the reply.

"Does your grace really believe that her Majesty is smitten?"

"No doubt of it. How fortunate for the family of the Grand Duke of Saxe-Coburg!"

"Yes—fortunate on the score of alliance."

"And in a pecuniary point of view."

"Not so much as your grace thinks. There has been an absurd report in circulation that the grand duke's revenues are so small, none of his family could venture to appear at the court of Vienna: and also, that the means of education for the younger branches were always excessively restricted."

"And are not these reports correct, countess?"