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Rh it seems, and Mr. Deacon felt himself especially fortunate in securing this example. It is the only piece of Masamuné's work in the collection. I may tell you that a sword by one of the great old masters is one of the rarest of all the rarities that come from Japan. The possessors of the best keep them rather than sell them at any price. Such swords were handed down from father to son for many generations, and a Japanese of the old school would have been disgraced had he parted with his father's blade even under the most pressing necessity. The mounts he might possibly sell, if he were in very bad circumstances, but the blade never. Of course, such a thing has occurred—and it occurred in this very case, as you shall hear. But as an almost invariable rule the Japanese samurai would part with his life by starvation rather than with his father's sword by sale. Such swords would never be stolen, either, for there was a firm belief that a faithful spirit resided in each, which would bring terrible disaster on any wrongful possessor. Each sword had its own name, just as the legendary sword of King Arthur had, and a man's social standing was judged, not by his house nor by his dress, but by the two swords in his girdle. The ancient sword-