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 man? And out of such thoughts her voice summoned me, and I lifted my eyes.

'I found myself awake and walking. We had come out above the Pleasure City, we were near the summit of Monte Solaro and looking towards the bay. It was the late afternoon and very clear. Far away to the left Ischia hung in a golden haze between sea and sky, and Naples was coldly white against the hills, and before us was Vesuvius with a tall and slender streamer feathering at last towards the south, and the ruins of Torre dell' Annunziata and Castellammare glittering and near.'

I interrupted suddenly: 'You have been to Capri, of course?'

'Only in this dream,' he said, 'only in this dream. All across the bay beyond Sorrento were the floating palaces of the Pleasure City moored and chained. And northward were the broad floating stages that received the aeroplanes. Aeroplanes fell out of the sky every afternoon, each bringing its thousands of pleasureseekers from the uttermost parts of the earth to Capri and its delights. All these things, I say, stretched below.

'But we noticed them only incidentally because of an unusual sight that evening had to show. Five war aeroplanes that had long slumbered useless in the distant arsenals of the Rhine-mouth were manoeuvring now in the eastward sky. Gresham had astonished the world by producing them and others, and sending them to circle here and there. It was the threat material in the great game of bluff he was playing, and it had taken even me by surprise. He was one of those incredibly stupid, energetic people who seem sent by heaven to create disasters. His energy to the first glance seemed so wonderfully like capacity! But he had no imagination, no invention, only a stupid, vast, driving force of will