were descendants of the most ancient aristocracy of Spain. All the nobles of Madrid were therefore relatives of hers. Everybody knew that! As a child she had seen at home a lot of papers which proved her right to the title of Marchioness; but owing to the revolutions in her country, and her travels, she no longer knew where to find them. If the Princess referred to the splendor of her palace, the Creole would immediately mention her elegant private mansion in the Champs Élysées. The arrival of Colonel Toledo, as a valorous adornment giving the princely residence military prestige, did not intimidate Doña Mercedes. She too had a Spaniard, an Aragonese cleric, who acted as a sort of royal private chaplain, and whom she considered a man of science, because, bored by his sinecure in her employ, he had taken up elementary astronomy, and had set up a telescope on the roof of her house. Whenever the Mexican lady dared to imitate her entertainments, her carriages or her clothes, the Princess Lubimoff would audibly lament the fact that Paris was not in Russia, where she might call on the chief of police to force this low-bred Creole to show the respect due to her superiors. But after these bursts of anger she would feel a sudden wave of tenderness for Doña Mercedes. "In spite of your illiteracy," she would say, "you are a woman of natural talent and the only one with whom I can talk for an hour at a stretch." Between these two declining beauties, who had seen themselves the center of attraction and adoration in former years, there was a common bond, something which moved them both like far off lovely music, like the cherished memory of youth: It was the daughter of Doña Mercedes, the vivacious Alicia Macdonald. Doña Mercedes seemed to see her own beauty, renewed with fresh vigor, in her child. But in this she was mistaken. Alicia added to her dark southern splendor the slenderness and slightly boyish freedom of movement of her father's race. The Princess, observing the girl's independent character, thought she saw herself back once more in the days when she was beginning to shock the Imperial Court. This too was a mistake. She herself had been able to follow all her most wilful impulses, without fear of gossip. She possessed everything. Besides her immense wealth, she had the advantages of birth, enabling her to elevate any man whatsoever to her own level, no matter how far beneath her he might be. Alicia had one ambition; to unite her fortune with a great title of the old aristocracy in order to be presented at court. Since her fifteenth year this desire