continue living, unsuspecting and inactive, before boundless German ambition. They were simply preparing to defend themselves against an almost certain attack. They wished to maintain their dignity, repeatedly violated under most absurd pretexts. “I wonder if it is not the others,” he concluded, “who are obliged to defend themselves because you represent a menace to the world!” An invisible hand sought his under the table, as it had some nights before, to recommend prudence; but now he clasped it forcibly with the authority of a right acquired. “Oh, sir!” sighed the sweet Bertha, “to talk like that, a youth so distinguished who has . . .” She was not able to finish, for her husband interrupted. They were no longer in American waters, and the Counsellor expressed himself with the rudeness of a master of his house. “I have the honor to inform you, young man,” he said, imitating the cutting coldness of the diplomats, “that you are merely a South American and know nothing of the affairs of Europe.” He did not call him an “Indian,” but Julio heard the implication as though he had used the word itself. Ah, if that hidden handclasp had not held him with its sentimental thrills! . . . But this contact kept him calm and even made him smile. “Thanks, Captain,” he said to himself. “It is the least you can do to get even with me!” Here his relations with the German and his clientele came to an end. The merchants, as they approached nearer and nearer to their native land, began casting off that servile desire of ingratiating themselves which they had assumed in all their trips to the new world. They now had more important things to occupy them. The telegraphic service was working without cessation. The Commandant of the vessel was conferring in his apartment with the Counsellor as his compatriot of most importance. His friends were hunting out the most obscure places in order to talk confidentially with one another. Even Bertha commenced to avoid Desnoyers. She was still smiling distantly at him, but that smile was more of a souvenir than a reality. Between Lisbon and the coast of England, Julio spoke with her husband for the last time. Every morning was appearing