"Oh, come now!" he cried, simulating a lively good humor he was far from feeling. "What has dad been saying? Clouds! Where are they? Not around my head, at any rate. I have dispelled the only one that existed, the silly halo of class that stops a fellow from working because he happens to be born a Prince. It was different for dad, of course. My respected grandfather, Ferdinand VII., was really a King, and dad was a grown man when the pair of them were slung out of Kosnovia. Sorry, sir; but that is the way they talk history nowadays. It has ceased to be decorous. I am afraid Paris is largely responsible. You see, we have an Emperor in the next block, two Kings in the Avenue Victor Hugo, and a fugitive ex-President in the Hôtel Métropole. I have seen the whole lot, even our noble selves, burlesqued in a Montmartre review. And I laughed! That is the worst part of it. I roared! We looked such a funny crew. And we were all jolly hard up, borrowing five-franc pieces from one another, and offering to sell scepters at a ridiculous sacrifice. That came rather near home. We haven't got what the storybooks calls an embarrassment of riches, have we? So, a cup of tea, please, mother, and I'll hear the Czar's edict. It is pending. I can see it in his eye."

Usually Prince Michael responded to that sort of airy nonsense. When sure of his audience, he had spoken much more disrespectfully of the Parisian band of Kings in exile. But to-day his chubby cheeks refused to crease in a grin. He remained morose, oracular, heavy jowled. In fact, he had set himself a very difficult task. Now that the moment had arrived for its fulfilment, he shirked it.

"May I ask, Alec, if you have any scheme in view?" he said, strutting on the hearthrug in front of a grate filled with ferns. He always stood there,—in winter because it was warm, and he was a martyr to chilblains; in summer because of the habit contracted in winter.

"Well, sir, candidly speaking, I have not. But I saw in a newspaper the other day a paragraph of advice to a young man. 'No matter how small your income may be, live within it: that is the beginning of wealth,' it said. How profound! I applied it to myself. My income is nil. There I encountered a serious obstacle at the very start of the Great Money Stakes. But——"

"This is a grave discussion, Alec. I have that to say which may pain you. Pray be serious."

"Oh, I am—quite serious. My ponies and the dogcart are in Dumont's catalogue for the next sale. I resigned my membership of the polo club to-day. To-morrow, or eke to-night, I look for a job. As you, mother o' mine, have heard men say in your beloved west, I'm going to butt in."

"I—er—suppose you—er—look to me for some assistance?" coughed Prince Michael.

His wife rose. Her face was gray-white, her eyes blazed. "Alec knows we are poor. Why torture him—and me? I refuse to allow it. I refuse!" Her voice took a tragic note, thin and shrill; there was a pitiful quivering of her lips that wrung her son's heart, and he was utterly at a loss to understand why a discussion as to his future should lead to this display of passion.

"But, mother darling," he cried, "why are you grieving so? You and dad must maintain a certain state,—one begins by assuming that,—and it is no secret that the Delgrado side of the family was not blessed with wealth. Very well. Let me try to adjust the balance—the bank balance, eh? Really, why weep?"