"But I have never sinned against your majesty. Why, then, is my letter open to suspicion?"

"Every man is suspected by the secret police," replied Joseph, with a shrug. "For that reason they had orders to stop every letter addressed to Holland. The precaution had been made imperative by our misunderstandings with that country. And you see yourself that your letter betrays a secret of state."

"Betrays!" repeated the banker. "We betray that which we are expected to bury within the recesses of our own heart. But this news was to go out into the world, and was a subject for percentage. I should have made at least half a million had my letter not been unluckily detained by your majesty."

"I shall not prevent you from earning your percentage," replied Joseph, scornfully. "Your letter shall go to-day, and my dispatches shall be detained until to-morrow. In that way you can still make your half million."

The banker bowed. "I thank your majesty for your exceeding condescension," said he.

"I will do you this favor, but you must do me a service in return."

"It is not necessary for your majesty to concede me the right to earn half a million, to buy my services," said Eskeles, with a slight shade of reproach. "I hope that I have always been ready to serve your majesty, even when no percentage was to be gained thereby."

"And I have recognized it, BARON Eskeles Flies. But I do not speak of pecuniary services to-day. I ask a favor of another nature. Tell me, then, without reserve, who is the man that receives a thousand ducats for revealing a secret of state to you."

The banker started as if he had received a shot, and glanced inquiringly at the emperor. "Was that in the letter?" asked he.

Joseph gave it into his hands. Eskeles perused it eagerly, and then, murmured in a voice of exceeding contrition, "Ay, it is there. I was indiscreet." Then, as if overcome by his fault, his head sank upon his breast.