"No, it shows only how readily I availed myself of existing circumstances. You see, sitting there in Paris and reading of your phenomenal progress, I pictured to myself the isolation, the lack of sympathetic companionship, that you must be suffering here despite all the brave fireworks of your achievements. We Greeks are poets and philosophers as well as financiers, and I gratified those higher instincts of my race by rendering possible a visit to Delgratz of the lady whom you had chosen as a bride, while at the same time I hope to do myself a good turn in winning your favor; for I have money at stake on your success. Please do not forget that, your Majesty. I supported the Delgrado cause when it was at the lowest ebb of failure, and I naturally look forward now to recoup myself."

"All this is new to me," said Alec, "new and somewhat puzzling. In what way are you bound up with the fortunes of my house, Monsieur Beliani?"

The Greek shrugged his shoulders expressively. "There are so many ways in which interest in a fallen monarchy can be kept alive," he said. "Monseigneur your father is well acquainted with the turns and twists of events ever since he was driven forth from Kosnovia as a young man. For many years I remained here, working steadily and hopefully in his behalf, and you yourself are aware that when you were a boy of fourteen, Stampoff and I escaped death only by the skin of our teeth because of an abortive attempt to place your father on the throne."

"Of course," said Alec thoughtfully, "you must be repaid with interest the sums you have expended in our behalf; but I warn you that a new era of economy has been established here. My father and I have already agreed to differ on that point. He seemed to think that the chief business of a King was to exploit his subjects, whereas my theory is that the King should set an example of quiet living and industry. Don't forget that I have seen some of my brother potentates stranded in Paris, mostly because they were so ready to gratify their own appetites at the expense of their people. I need hardly tell you, Beliani, that Kosnovia is a poverty stricken State. We have suffered from three generations of self seeking and rapacious rulers. That is all ended. I mean to render my people happy and contented. It shall be the one care of my life to make them so, and if it is the will of Providence that a Delgrado should reign in the next generation, my legacy to him will be, not millions of pounds invested in foreign securities, but a nation strong, self contained, and prosperous."

Beliani listened with a rapt attention. "I agree most fully with every word that has fallen from your lips," he said; "but your Majesty cannot achieve these splendid aims single handed. You must be surrounded by able men; you need officials of ripe experience in every department. Now, the first consideration of a small State like this, hemmed in as it is by powerful Kingdoms which the least change in the political barometer may convert into active enemies, is a strong and progressive system of finance. I am vain enough to think that you may find my services useful in that direction. There is no man in Delgratz who has had my training, and so assured am I of the success that will attend your Majesty's reign that I purposely delayed my arrival here so that I might not come empty handed. I passed a week in Vienna, working and thinking twenty hours out of each twenty-four. I felt my way cautiously with the leading financial houses there. Of course, I could not say much, because I was unauthorized; but I have obtained guarantees that will command the certain issue of a loan sufficient to give a start to some, at least, of the many projects you have already foreshadowed in your public speeches. Without a shadow of doubt I declare that as soon as I am able to open negotiations with your approval, a loan of several millions will be at your service."

Though the Greek was putting forward an obvious bait, it was evident that the King was astonished by his outspoken declaration. "Do I understand that you are applying for the post of Minister of Finance?" he said in his straightforward way.

"Yes, your Majesty," replied Beliani.

"You appreciate, of course, that I occupy a somewhat peculiar position here," said Alec. "I am a constitutional monarch backed by a constitution that is little more than a name. This country really demands an autocracy, whereas I have sworn to govern only by the will of the people. In those circumstances I do not feel myself at liberty to appoint or dismiss Ministers at my own sweet will. I assure you that I am grateful for the offer of help you bring; but I cannot give you the appointment you seek until, in the first place, I have consulted my council and obtained its sanction."

Beliani bowed. "I will leave the matter entirely in your Majesty's hands," he said, and by no sign did his well governed face betray his satisfaction; for, with the King on his side, the astute Greek well knew that he could pull the strings of the puppets in the Assembly to suit his own ends.

"May I venture to suggest to your Majesty," he went on, "that there is one thing that demands immediate attention? Your position cannot be regarded as assured until you have received the recognition of the chief European States. Has Austria made any move in that direction? Have you been approached by Russia? One of those two will take the initiative, and the others will follow."