"But, my dear minister," said the emperor, "you would not have me at this moment, when my mediation is accepted, step between the two combatants with my weapon in my hand?"

"Not in your hand, your majesty," replied Drouyn de Lhuys, "but with a sharp sword by your side. Sire, the moment is grave, the French mediation cannot be Platonic; your majesty must clearly perceive what may arise through your intervention."

"In the first place, that this unpleasant din of cannon in Germany will cease,--it makes all calm and skilful diplomacy impossible! Cedant arma togæ! And, then--but what is your opinion of the situation, and what do you think we ought to do?" he said, interrupting himself, whilst his half-closed eyes opened and a full glance from his brilliant phosphorescent pupils fell upon his minister.

He seated himself, pointing with his hand to an easy-chair for Drouyn de Lhuys to occupy.

"Sire," said the latter, as he sat down, "your majesty must be clear as to the influence you wish to exercise upon the events that have already taken place in Germany. Two courses are possible, and with your permission I will analyze them before your majesty. After the information we have received from Benedetti, after what Goltz has imparted to us, it is impossible to imagine that Prussia will entirely give up the advantages she has procured by the amazing success of her arms--upon which we must remember the monarchy of Hohenzollern had staked--perhaps its existence."

The emperor nodded acquiescence.

"According to my information, and my conception of Count Bismarck's character, he will require not only the exclusion of Austria from German affairs, not only the leadership of Germany at least to the Main, for Prussia, he will also require an increase of territory, the annexation of Hanover, Hesse, and Saxony."

The emperor raised his head.

"Hesse," he said, "that touches me not. Hanover, I have a great esteem for King George and sympathise with him, since I knew him at Baden-Baden; but Hanover is England's affair. Saxony," he said, slightly twirling the point of his moustache, "that is different; that touches the traditions of my house. But," he interrupted himself, "go on."

"Austria," said Drouyn de Lhuys, calmly continuing the subject, "will be forced to yield to these demands, for it is in no condition to continue the war. The army of the south will not return in time, and upon Hungary, so my agents assure me, there is no reliance to be placed; it will therefore depend upon the influence of France whether Prussia obtains what she demands."