The next morning, when the sun arose upon the eventful day, it found the Prince sitting upon the throne of his father, dressed in a robe of ermine and purple, a crown upon his flowing locks and the King's scepter clasped tightly in his little hand. He was somewhat frightened at the clamor of the crowd without the palace, but Borland, who stood behind him, whispered,

"The more you can succor the greater will be your glory, and you will live in the hearts of your people as the kind Prince who relieved their sufferings. Be of good cheer, Your Majesty, for all is well."

Then did the Prince command the Treasurer to bring before him the royal coffers, and to stand ready to present to each beggar a piece of gold. The Treasurer was very unwilling to do this, but he was under penalty of death if he refused, and so the coffers were brought forth.

"Your Majesty," said the Treasurer, "if each of those who clamor without is to receive a piece of gold, there will not be enough within these coffers to go around. Some will receive and others be denied, since no further store of gold is to be had."

At this news the Prince was both puzzled and alarmed.

"What are we to do?" he asked of the tutor; but Borland was unable to suggest a remedy.

Then said the aged Chamberlain, coming forward, and bowing low before the little King,

"Your Majesty, I think I can assist you in your difficulty. You did but promise a piece of gold to those who are really suffering and in need, but so great is the greed of mankind that many without are in no necessity whatever, but only seek to enrich themselves at your expense. Therefore I propose you examine carefully each case that presents itself, and unless the beggar is in need of alms turn him away empty-handed, as being a fraud and a charlatan."

"Your counsel is wise, oh Chamberlain," replied the Prince, after a moment's thought; "and by turning away the impostors we shall have gold enough for the needy. Therefore bid the guards to admit the beggars one by one."

When the first beggar came before him the Prince asked,