Jost dropped into a chair, and pulling out a handkerchief wiped the perspiration from his brow.

"I don't know!" he said helplessly; "I don't know what it means! I have told you the truth! A man came to see me late last night, saying he was sent by you on urgent business. He said you wished me to explain the position we held, and the amount of the interests we had at stake, as there were grave discoveries pending, and complexities likely to ensue.

He gave his name--there is his card!"

And with a semi-groan, he threw down the bit of pasteboard in question.

The Marquis s.n.a.t.c.hed it up.

"'Pasquin Leroy'! I never heard the name in my life," he said fiercely.

"Jost, you have been done! You mean to tell me you were such a fool as to trust an entire stranger with the whole financial plan of campaign, and that you were credulous enough to believe that he came from me--me--De Lutera,--without any credentials?"

"Credentials!" exclaimed Jost; "Do you suppose I would have received him at all had credentials been lacking? Not I! He brought me the most sure and confidential sign of your trust that could be produced--your own signet-ring!"

The Marquis staggered back, as though Jost's words had been so many direct blows on the chest,--his countenance turned a livid white.

"My signet-ring!" he repeated,--and almost unconsciously he looked at the hand from which the great jewel was missing; "My signet!"--Then he forced a smile--"Jost, I repeat, you have been done!--doubly fooled!--no one could possibly have obtained my signet,--for at this very moment it is on the hand of the King!"

Jost rose slowly out of his chair, his eyes protruding out of his head, his jaw almost dropping in the extremity of his amazement.

"The King!"--he gasped--"The King!"

"Yes, man, the King!" repeated De Lutera impatiently,--"Only yesterday morning his Majesty, having mislaid his own ring for the moment, borrowed mine just before starting on his yachting cruise. How you stare! You have been fooled!--that is perfectly plain and evident!"

"The King!" repeated Jost stupidly--"Then the man who came to me last night--" He broke off, unable to find any words for the expression of the thoughts which began to terrify him.

"Well!--the man who came to you last night," echoed the Marquis,--"He was not the King, I suppose, was he?" And he laughed derisively.

"No--he was not the King," said Jost slowly; "I know _him_ well enough!

But it might have been someone in the King's service! For he knew, or said he knew, the King's intentions in a certain matter affecting both you and Carl Perousse,--and in a more distant way, myself--and warned me of a coming change in the policy. Ah!--it is now your turn to stare, Marquis! You had best be on your guard, for if the person who came to me last night was not your messenger, he was the King's spy! And, in that case, we are lost!"

The Marquis paced the room with long uneven strides,--his mind was greatly agitated, but he had no wish to show his perturbation too openly to one whom he considered as a mere tool in his service.

"I know," went on Jost emphatically, "that the ring he wore was yours! I noticed it particularly while I was talking to him. It would take a long time and exceptional skill to make any imitation of that sapphire. There is no doubt that it was your signet!"

The Premier halted suddenly in his nervous walk.

"You told him the whole scheme, you say?"

"I did."

"And his reply?"

"Was, that the King had discovered it, and proposed insisting on an enquiry."

"And then?"

"Well! Then he warned me to look out for myself,--as anyone connected with Carl Perousse's financial deal would inevitably be ruined during the next few weeks."

"Who is going to work the ruin?" asked the Marquis with a sneer; "Do you not know that if the King dared to give an opinion on a national crisis, he would be dethroned?"

"There are the People--" began Jost.

"The People! Human emmets--born for crushing under the heel of power!

A couple of 'leaders' in your paper, Jost, can guide the fool-mob any way!"

"That depends!" said Jost hesitatingly; "If what the fellow said last night be true--"

"It is not true!" said the Premier authoritatively. "We are going on in precisely the same course as originally arranged. Neither King nor People can interfere! Go home, and write an article about love of country, Jost! You look in the humour for it!"

The Jew's expression was anything but amiable.

"What is to be done about last night?" he asked sullenly.

"Nothing at present. I am going to the palace at two o'clock--I shall see the King, and find out whether my signet is lost, stolen or strayed.

Meanwhile, keep your own counsel! If you have been betrayed into giving your confidence to a spy in the foreign service, as I imagine--(for the King has never employed a spy, and is not likely to do so), and he makes known his information, it can be officially denied. The official denial of a Government, Jost, like charity, has before now covered a mult.i.tude of sins!"

An instinctive disinclination for further conversation brought the interview between them abruptly to a close, and Jost, full of a suspicious alarm, which he was ashamed to confess, drove off to his newspaper offices. The Premier, meantime, though hara.s.sed by secret anxiety, managed to display his usual frigid equanimity, when, after Jost's departure, his private secretary arrived at the customary time, to transact under his orders the correspondence and business of the day.

This secretary, Eugene Silvano by name, was a quiet self-contained young man, highly ambitious, and keenly interested in the political situation, and, though in the Premier's service, not altogether of his way of thinking. He called the Marquis's attention now to a letter that had missed careful reading on the previous day. It was from the Vicar-General of the Society of Jesus, expressing surprise and indignation that the King should have refused the Society's request for such land as was required to be devoted to religious and educational purposes, and begging that the Premier would exert his influence with the monarch to persuade him to withdraw or mitigate his refusal.

"I can do nothing;" said the Marquis irritably,--"the lands they want belong to the Crown. The King can dispose of them as he thinks best."

The secretary set the letter aside.

"Shall I reply to that effect?" he enquired.

The Marquis nodded.

"I know," said Silvano presently with a slight hesitation, "that you never pay any attention to anonymous communications. Otherwise, there is one here which might merit consideration."

"What does it concern?"

"A revolutionary meeting," replied Silvano, "where it appears the woman, Lotys, is to speak."

The Premier shrugged his shoulders and smiled. "You must enlighten me!

Who is the woman Lotys?"

"Ah, that no one exactly knows!" replied the secretary. "A strange character, without doubt, but--" He paused and spoke more emphatically--"She has power!"

Lutera gave a gesture of irritation.

"Bah! Over whom does she exercise it. Over one man or many?"

"Over one half the population at least," responded Silvano, quietly, turning over a few papers without looking up.

The Marquis stared at him, slightly amused.

"Have you taken statistics of the lady's followers," he asked; "Are you one of them yourself?"