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he reflected that whoever could set these boats in motion again would prove himself, temporarily at least, the savior of the city.

When the bells began to toll eleven, Roland roused himself, walked across the bridge to Sachsenhausen, and so to his squalid lodging, consoling himself with the remembrance that the great King Charlemagne had made this his own place of residence. Here, before retiring to bed, he wrote the letter which he was to send in next day to Herr Goebel, composing it with some care, so that it aroused curiosity without satisfying it.

It was half-past ten next morning when Roland presented himself at the door of the leading merchant in the Fahrgasse, and sent in to that worthy his judiciously worded epistle. He was kept waiting in the hall longer than he expected, but at last the venerable porter appeared, and said Herr Goebel would be pleased to receive him. He was conducted up the stair to the first floor, and into a front room which seemed to be partly library and partly business office. Here seated at a stout table, he recognized the grave burgher whose home-coming he had witnessed the night before.

The keen eyes of the merchant seemed to penetrate to his inmost thought, and it struck Roland that there came into them an expression of disappointment, for he probably did not expect so youthful a visitor.

"Will you be seated, mein Herr," said his host; and Roland, with an inclination of the head, accepted the invitation. "My time is very completely occupied to-day," continued the elder man, "for although there is little business afoot in Frankfort, my own affairs have been rather neglected of late, and I am endeavoring to overtake the arrears."

"I know that," said Roland. "I stood by your doorcheek last night when you returned home."

"Did you so? May I ask why?"

"There was no particular reason. It happened that I walked down the Fahrgasse, endeavoring to make up my mind upon whom I should call to-day."

"And why have I received the preference?"

"Perhaps, sir, it would be more accurate to say your house received the preference, if it is such. I was struck by its appearance of solidity and wealth, and, differing from all others in the door being ajar, I lingered before it last night with some inclination to enter. Then the procession which accompanied you came along. I heard your address to your friends, and wondered what the formality was about. After the door was closed I accosted one of those who escorted you, and learned your name, business, and reputation."

"You must be a stranger in Frankfort when you needed to make such inquiry."

"Those are almost the same words that my acquaintance of last night used, and he seemed astonished when I replied that I was born in Frankfort, and had lived here all my life."

"Ah, I suppose no man is so well known as he thinks he is, but I venture to assert that you are not engaged in business here."

"Sir, you are in the right. I fear I have hitherto led a somewhat useless existence."

"On money earned by some one else, perhaps."

"Again you hit the nail on the head, Herr Goebel. I lodge on the other side of the river, and coming to and fro each day, the sight of all those useless barges depresses me, and I have formulated a plan for putting them in motion again."

"I fear, sir, that wiser heads than yours have been meditating upon that project without avail."

"I should have been more gratified, Herr Goebel, if you had said 'older heads.'"

The suspicion of a smile hovered for a brief instant round the shrewd, firm lips of the merchant.

"Young sir, your gentle reproof is deserved. I know nothing of your wisdom, and so should have referred to the age, and not to the equipment of your head. It occurs to me, as I study you more closely, that I have met you before. Your face seems familiar."

"'Tis but a chance resemblance, I suspect. Until very recently I have been absorbed in my studies, and rarely left my father's house."

"I am doubtless mistaken. But to return to our theme. As you are ignorant of my name and standing in this city, you are probably unaware of the efforts already made to remove the deadlock on the Rhine."

"In that, Herr Goebel, you are at fault. I know an expedition of folly was promoted at enormous expense, and that the empty barges, numbering something like fivescore, now rest in the deepest part of the Rhine."

"Why do you call it an expedition of folly?"

"Surely the result shows it to be such."

"A plan may meet with disaster, even where every precaution has been taken. We did the best we could, and if the men we had paid for the protection of the flotilla had not, with base cowardice, deserted their posts, these barges would have reached Cologne."

"Never! The defenders you chose were riff-raff, picked up in the gutters of Frankfort, and you actually supposed such cattle, undisciplined and untrained, would stand up against the fearless fighters of the Barons, swashbucklers, hardened to the use of sword and pike. What else was to be expected? The goods were not theirs, but yours. They had received their pay, and so speedily took themselves out of danger."

"You forget, sir, or you do not know, that several hundred of them were cut to pieces."

"I know that, also, but the knowledge does not in the least nullify my contention. I am merely endeavoring to show you that the heads you spoke of a moment ago were only older, but not necessarily wiser than mine. It would be impossible for me to devise an expedition so preposterous."

"What should we have done?"

"For one thing, you should have gone yourselves, and defended your own bales."

The merchant showed visible signs of a slowly rising anger, and had the young man's head contained the wisdom he appeared to claim for it, he would have known that his remarks were entirely lacking in tact, and that he was making no progress, but rather the reverse. "You speak like a heedless, untutored youth. How could we defend our bales, when no merchant is allowed to wear a sword?"

Roland rose and put his hands to the throat of his cloak.

"I am not allowed to wear a sword;" and saying this, he dramatically flung wide his cloak, displaying the prohibited weapon hanging from his belt. The merchant sat back in his chair, visibly impressed.

"You seem to repose great confidence in me," he said. "What if I were to inform the authorities?"

The youth smiled.

"You forget, Herr Goebel, that I learned much about you from your friend last night. I feel quite safe in your house."

He flung his cloak once more over the weapon, and sat down again.

"What is your occupation, sir?" asked the merchant.

"I am a teacher of swordsmanship. I practice the art of a fencing-master."

"Your clients are aristocrats, then?"

"Not so. The class with which I am now engaged contains twenty skilled artisans of about my own age."

"If they do not belong to the aristocracy, your instruction must be surreptitious, because it is against the law."

"It is both surreptitious and against the law, but in spite of these disadvantages, my twenty pupils are the best swordsmen in Frankfort, and I would willingly pit them against any twenty nobles with whom I am acquainted."

"So!" cried the merchant. "You are acquainted with twenty nobles, are you?"

"Well, you see," explained the young man, flushing slightly, "these metal-workers whom I drill, being out of employment, cannot afford to pay for their lessons, and naturally, as you indicated, a fencing-master must look to the nobles for his bread. I used the word acquaintance hastily. I am acquainted with the nobles in the same way that a clerk in the woolen trade might say he was acquainted with a score of merchants, to none of whom he had ever spoken."

"I see. Am I to take it that your project for opening the Rhine depends for its success on those twenty metal-workers, who quite lawlessly know how to handle their swords?"

"Yes."

"Tell me what your plan is."

"I do not care to disclose my plan, even to you."

"I thought you came here hoping I should further your project, and perhaps finance it. Am I wrong in such a surmise?"

"Sir, you are not. The very first proviso is that you pay to me across this table a thousand thalers in gold."

The smile came again to the lips of the merchant.

"Anything else?" he asked.

"Yes. You will select one of your largest barges, and fill it with whatever class of goods you deal in."

"Don't you know what class of goods I deal in?"

"No! I do not."

Goebel's smile broadened. That a youth so ignorant of everything pertaining to the commerce of Frankfort, should come in thus boldly and demand a thousand thalers in gold from a man whose occupation he did not know, seemed to the merchant one of the greatest pieces of impudence he had encountered in his long experience of men.

"After all, my merchandise," he said, "matters little one way or another when I am engaged with such a customer as you. What next?"

"You will next place a price upon the shipload; a price such as you would accept if the boat reached Cologne intact. I agree to pay you that money, together with the thousand thalers, when I return to Frankfort."

"And when will that be, young sir?"

"You are better able to estimate the length of time than I. I do not know, for instance, how long it takes a barge to voyage from Frankfort to Cologne."

"Given fair weather, which we may expect in July, and premising that there are no interruptions, let us say a week."

"Would a man journeying on horseback from Cologne to Frankfort reach here sooner than the boat?"

"The barge having to make headway against a strong current, I should say the horseman would accomplish the trip in a third of the time."

"Very well. To allow for all contingencies, I promise to pay the money one month from the day we leave the wharf at Frankfort."

"That would be eminently satisfactory."

"I forgot to mention that I expect you, knowing more about navigation than I, to supply a trustworthy captain and an efficient crew for the manning of the barge. I should like men who understand the currents of the river, and who, if questioned by the Barons, would not be likely to tell more than they were asked."

"I can easily provide such a set of sailors."

"Very well, Herr Goebel. Those are my requirements. Will you agree to supply them?"

"With great pleasure, my young and enthusiastic friend, provided that you comply with one of the most common of our commercial rules."

"And what is that, mein Herr?"

"Before you depart you will leave with me ample security that if I never see you again, the value of the goods, plus the thousand thalers, will be repaid to me when the month is past."

"Ah," said the young man, "you impose an impossible condition."

"Give me a bond, then, signed by three responsible merchants."

"Sir, as I am acquainted with no merchant in this
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