She sank into the great chair and sat with staring, helpless eyes, deserted and feeble.

At last the whirling brain ended its flight and settled down to the issue first at hand-the transaction with Bolaroz. Summoning all her self-control, she said: "You are come, most noble Bolaroz, to draw from us the price of our defeat. We are loyal to our compact, as you are to yours, sire. Yet, in the presence of my people and in the name of mercy and justice, I ask you to grant us respite. You are rich and powerful, we despoiled and struggling beneath a weight we can lift and displace if given a few short years in which to grow and gather strength. At this last hour in the fifteen years of our indebtedness, I sue in supplication for the leniency that you can so well accord. It is on the advice of my counsellors that I put away personal pride and national dignity to make this request, trusting to your goodness of heart. If you will not hearken to our petition for a renewal of negotiations, there is but one course open to Graustark. We can and will pay our debt of honor."

Bolaroz stood before her, dark and uncompromising. She saw the futility of her plea.

"I have not forgotten, most noble petitioner, that you are ruler here, not I. Therefore I am in no way responsible for the conditions which confront you, except that I am an honest creditor, come for his honest dues. This is the twentieth of November. You have had fifteen years to accumulate enough to meet the requirements of this day. Should I suffer for your faults? There is in the treaty a provision which applies to an emergency of this kind. Your inability to liquidate in gold does not prevent the payment of this honest debt in land, as provided for in the sixth clause of the agreement. 'All that part of Graustark north of a line drawn directly from east to west between the provinces of Ganlook and Doswan, a tract comprising Doswan, Shellotz, Varagan, Oeswald, Sesmai and Gattabatton.' You have two alternatives, your Highness. Produce the gold or sign the decree ceding to Axphain the lands stipulated in the treaty. I can grant no respite."

"You knew when that treaty was framed that we could raise no such funds in fifteen years," said Halfont, forgetting himself in his indignation. Gaspon and other men present approved his hasty declaration.

"Am I dealing with the Princess of Graustark or with you, sir?" asked Bolaroz, roughly.

"You are dealing with the people of Graustark, and among the poorest, I. I will sign the decree. There is nothing to be gained by appealing to you. The papers, Gaspon, quick! I would have this transaction finished speedily," cried the Princess, her cheeks flushing and her eyes glowing from the flames of a burning conscience. The groan that went up from the northern nobles cut her like the slash of a knife.




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