"Why do you harp on Austria in this connection?" asked the King. "Monsieur Beliani spoke of Viennese bankers. They are not Austria. This loan is not so much a matter of State as of sound finance."

"I hope your Majesty is right in that assumption," was the stubborn answer; "but I have reason to believe that, under certain contingencies, not only would Russia assist us in this respect, but she would at once take steps toward recognizing your Majesty's accession to the throne."

"Contingencies!" cried Alec, forced for the nonce to maintain the discussion. "What are they? What is the difference between your suspected Austrian terms and your Russian contingencies?"

"In the first place, your Majesty, Russia is anxious to consolidate the good feeling that exists among the Slav nations by following a settled policy in the matter of railway communication. Your Majesty's own projects favor the Russian proposals, whereas Austria will surely stipulate that any money of hers expended on railways shall be devoted to her rival plans. In the second——"

The President paused and looked round among his colleagues as though to seek their encouragement. He knew he was about to utter words of daring significance, and his nerve failed. An appreciative murmur ran through the room. It seemed to give the stout President a degree of confidence.

"Well?" said the King, who noted the glance and the hum of approval, and wondered what lay behind it all.

"The really vital question before us to-day is your Majesty's marriage," exclaimed the other, paling somewhat, now that the fateful topic was broached.

"I agree with you," said Alec, smiling. "Its importance to myself is self evident; but I fail utterly to see how the appearance of a Queen in Delgratz will affect our political relations with our neighbors. I do not propose to borrow money from Austria to pay for my wife's wedding presents."

Nesimir was long in answering. He seemed to be waiting for some other member of the Council to take part in the discussion; but each man sat silent and embarrassed, and it was incumbent on their leader to declare himself anew.

"It is far from my thoughts to wish to give any offense to your Majesty; but I am constrained to tell you," he said, "that there is a growing sentiment among all classes of your subjects that when you look for a consort you should seek her among our kith and kin."