Anna was silent and agitated. Nothing so easily upset her equilibrium as light wordly conversation, based upon personalities and frivolous gallantry.

"Not enough, not enough," said Cesare Dias, wishing to cap the compliment, and at the same time to bring his own philosophy into relief. "As often as I find myself in the presence of these two girls, Luigi, who are two flowers of youthfulness, I seem to feel older than ever. I feel that I must be a hundred at least. How many changes of Government have I seen? Eight or nine, perhaps. Yes, I'm certainly more than a hundred, dear Anna."

And he turned towards her with a light ironical smile.

"Why do you say such things—such sad things?" murmured Anna.

"Indeed they are sad—indeed they are. Youth is the only treasure whose loss one may weep for the whole of one's life."

"But don't feel badly about it, dear Cesare. Consider. Isn't knowledge better than ignorance? Isn't the calm of autumn better than the storms of spring? You are our master—the master of us all. We all revere him, don't we, Signorina?" said Luigi, turning to Anna.

A shadow crossed Anna's face, and she let the conversation drop.

"And you, who say nothing, reasonable and placid Laura?" asked Cesare Dias. "Which is better—youth or age? Which is better—knowledge or ignorance? Here are knotty problems submitted to your wisdom, dear Minerva. You are a young girl, but you are also Minerva. Illuminate us. Who should be the happier—I, the master, or Caracciolo, my pupil?"

Laura thought for a moment, with an intent expression in her beautiful eyes, and then answered:

"It is best to combine the two—to have youth and wisdom together."