"I am the Cavaliere Michele di Lippo of Castel Lippo on the Greve."

"Where is Castel Lippo?"

"At the junction of the Arno and the Greve--on the left bank."

"Very well. In a week you will hear from me again."

"It is enough. You will allow me to ransom the horse. I will send you the sum. On my word of honour, I have nothing to pay it at once."

"The signore's word of honour is doubtless very white. But a can in the hand is a can in the hand, and I need a horse--Good-night!"

"Good-night! But a can in the hand is not always wine to the lips, though a hundred crowns is ever a hundred crowns;" and saying this, di Lippo drew his cloak over the lower part of his face, and turned sharply to the right into the darkness, without so much as giving a look behind him. His horse would have followed; but quick as thought, Moratti's hand was on the trailing reins, and holding them firmly, he stooped and picked up the purse, poising it at arm's-length in front of him.

"Silver," he muttered, as his fingers felt the coins through the soft leather--"thirty crowns at the most, perhaps an odd gold piece or so--and now to be off. Hola! Steady!" and mounting the horse, he turned his head round, still talking to himself: "I am in luck. Cheese falls on my macaroni--thirty broad pieces and a horse, and a hundred crowns more in prospect. Captain Guido Moratti, the devil smiles on you--you will end a Count. Animo!" He touched the horse with his heels, and went forward at a smart gallop; and as he galloped, he threw his head back and laughed loudly and mirthlessly into the night.

In the meantime it was with a sore heart that the cavaliere made his way through the forest to the banks of the Arno, and then plodded along the river-side, through the wood, by a track scarcely discernible to any but one who had seen it many times. On his right hand the river hummed drearily; on his left, the trees sighed in the night-wind; and before him the narrow track wound, now up, then down, now twisting amongst the pines in darkness, then stretching in front, straight as a plumb-line. It was gall to di Lippo to think of the loss of the crowns and the good horse; it was bitterness to trudge it in the cold along the weary path that led to the ferry across the Arno, which he would have to cross before reaching his own home; and he swore deeply, under the muffling of his cloak, as he pressed on at his roundest pace. He soon covered the two miles that lay between him and the ferry; but it was past midnight ere he did this, and reaching the ferryman's hut, battered at the door with the hilt of his sword. Eventually he aroused the ferryman, who came forth grumbling. Had it been any one else, honest Giuseppe would have told him to go hang before he would have risen from his warm bed; but the Cavaliere Michele was a noble, and, although poor, had a lance or two, and Castel Lippo, which bore an ill name, was only a mangonel shot from the opposite bank. So Giuseppe punted his excellency across; and his excellency vented his spleen with a curse at everything in general, and the bandit in particular, as he stepped ashore and hurried to his dwelling. It was a steep climb that led up by a bridle-path to his half-ruined tower, and di Lippo stood at the postern, and whistled on his silver whistle, and knocked for many a time, before he heard the chains clanking, and the bar put back. At last the door opened, and a figure stood before him, a lantern in one hand.

"St. John! But it is your worship! We did not expect you until sunrise. And the horse, excellency?"