"There is little good," said one of the politicians whom we formerly noticed, "in dealing with such commodities, whether they are imported or exported. Yon ample banner which streams over the foremost galley, intimates the presence of a chieftain of no small rank among the Counts, whether it be for valour or for nobility."

The seafaring leader added, with the voice of one who hints alarming tidings, "They seem to have got to a point in the straits as high as will enable them to run down—with the tide, and clear the cape which we stand on, although with what purpose they aim to land so close beneath the walls of the city, he is a wiser man than I who pretends to determine."

"Assuredly," returned his comrade, "the intention is not a kind one. The wealth of the city has temptations to a poor people, who only value the iron which they possess as affording them the means of procuring the gold which they covet."

"Ay, brother," answered Demetrius the politician, "but see you not, lying at anchor within this bay which is formed by the cape, and at the very point where these heretics are likely to be carried by the tide, six strong vessels, having the power of sending forth, not merely showers of darts and arrows, but of Grecian fire, as it is called, from their hollow decks? If these Frank gentry continue directing their course upon the Imperial city, being, as they are,

———'propago
Contemptrix Superum sane, saevaeque avidissima caedis
Et violenta;' [Footnote: Ovid, Met.]

we shall speedily see a combat better worth witnessing than that announced by the great trumpet of the Varangians. If you love me, let us sit down here for a moment, and see how this matter is to end."

"An excellent motion, my ingenious friend," said Lascaris, which was the name of the other citizen; "but bethink you, shall we not be in danger from the missiles with which the audacious Latins will not fail to return the Greek fire, if, according to your conjecture, it shall be poured upon them by the Imperial squadron?"

"That is not ill argued, my friend," said Demetrius; "but know that you have to do with a man who has been in such extremities before now; and if such a discharge should open from the sea, I would propose to you to step back some fifty yards inland, and thus to interpose the very crest of the cape between us and the discharge of missiles; a mere child might thus learn to face them without any alarm."

"You are a wise man, neighbour," said Lascaris, "and possess such a mixture of valour and knowledge as becomes a man whom a friend might be supposed safely to risk his life with. There be those, for instance, who cannot show you the slightest glimpse of what is going on, without bringing you within peril of your life; whereas you, my worthy friend Demetrius, between your accurate knowledge of military affairs, and your regard for your friend, are sure to show him all that is to be seen without the least risk to a person, who is naturally unwilling to think of exposing himself to injury. But, Holy Virgin! what is the meaning of that red flag which the Greek Admiral has this instant hoisted?"

"Why, you see, neighbour," answered Demetrius, "yonder western heretic continues to advance without minding the various signs which our Admiral has made to him to desist, and now he hoists the bloody colours, as if a man should clench his fist and say, If you persevere in your uncivil intention, I will do so and so."