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 with a certain sad pride, "involves merely telling you who I am. I am Juan del Fuego, President of Nicaragua."

The manner with which the President of Nicaragua leant back and drank his sherry showed that to him this explanation covered all the facts observed and a great deal more. Barker's brow, however, was still a little clouded.

"And the yellow paper," he began, with anxious friendliness, "and the red rag "

"The yellow paper and the red rag," said Fuego, with indescribable grandeur, "are the colours of Nicaragua."

"But Nicaragua " began Barker, with great hesitation, "Nicaragua is no longer a "

"Nicaragua has been conquered like Athens. Nicaragua has been annexed like Jerusalem," cried the old man, with amazing fire. "The Yankee and the German and the brute powers of modernity have trampled it with the hoofs of oxen. But Nicaragua is not dead. Nicaragua is an idea."

Auberon Quin suggested timidly, "A brilliant idea."

"Yes," said the foreigner, snatching at the word. "You are right, generous Englishman.