"Mackenzie!" exclaimed Uncle Brian. "Is Mackenzie back? I understood he'd cleared off for good. He was lucky enough to get out of the country. He won't have such an easy task next time. When and where did you meet him?"

Peter explained.

"He told me he was returning to Rioguay only to square up his affairs," he added.

"I hope he'll be able to carry out his programme," remarked Uncle Brian grimly. "It's easy enough to come into the country, but a jolly hard job to get away from it, if they don't want to let you. I can tell you this, Peter; there are a hundred chances to one against your leaving Rioguay for the next twelve months."

"Sounds interesting," rejoined his nephew coolly. "So interesting, that I might be tempted to try, just to see what happens. On the other hand, I rather fancy I'd like to hang on and see a bit more of this anti-British republic. After all's said and done, what's sentiment without action? All their anti-British feeling can't possibly do any harm to the British Empire. It's a case of a mouse trying conclusions with a lion. Well, what is the reason for this attitude?"

"I can't say. As you know, the Rioguayans sent a contingent to the Western Front in 1917."

"Yes, and the Boche made a point of capturing every section of trenches they held," added his nephew. "They couldn't put up a fight; they simply bolted, leaving either the French or the British to straighten out the line."

"That, I believe, is a fact," agreed Uncle Brian. "But, having taken part in the Great War as an ally, Rioguay wanted a share in the profits, so to speak. All she got was a couple of U-boats for breaking up, four destroyers, and a small light cruiser. She wanted far more, didn't get it, but got disgruntled instead. That may be the cause of the present agitation, but I'm not sure. What's more important is that the agitation has developed into a serious menace."

"How?"

"Consider the natural position of Rioguay. She has access to the sea, but a hostile fleet couldn't operate against her without violating the territorial waters of the Republics of San Valodar and San Benito. If any attempt were made to do so, those Republics would appeal to the United States for protection under the Monroe Doctrine. You know what that means. Rioguay has three or four modern battleships, and plenty of trained seamen under Russian and German naval officers. She has an understanding with two other South American republics that in the event of hostilities, she may take over their modern fleets en bloc. At San Antonio, at the present moment, there are building twenty or thirty light commerce-destroyers, under the guise of merchantmen."