class="normal">"Pshaw, Carl! you are too sure," said Louise reproachfully.

"My feeling so sure is what makes me eager to win the finest pair of horses I ever saw. Is it possible that you are a coward?"

The landholder's face reddened. He put his right hand in the banker's. "My dear fellow," exclaimed he jubilantly, "I have just driven a splendid bargain. To convince you of the entire fairness of the transaction, you are to be present at the manipulation that is to decide. Even though you lose the horses, your gain is incalculable, for it consists in nothing less than being convinced of the wonderful nature and of the omnipotence of progress. I repeat, then, that, wherever progress reigns, the elections are the supreme folly of the nineteenth century; for in reality there is no electing; but what progress decrees, that is fulfilled."

CHAPTER II.

THE LEADERS.

The banker was seated at his office table working for his chance in the wager with the industry of a thorough business man. Whilst he was engaged in writing notes, a smile indicative of certainty of success lit up his countenance; for he was thoroughly familiar with the figures that entered into his calculations, and, withal, Hans Shund invested with offices and dignity could not but strike him as a comical anomaly. "Happy thought! My father travels half of the globe; many wonderful things come under his observation, no doubt, but the greatest of all prodigies is to be witnessed right here: Hans Shund, the thief, swindler, usurer, wanton--mayor and law-maker! And it is the venerable sire Progress that alone could have begotten the prodigy of a Hans Shund invested with honors. My Lord Progress is therefore himself a prodigy--a very extraordinary offspring of the human mind, the culminating point of enlightenment. Admitting humanity to be ten thousand million years old, or even more, as the most learned of scientific men have accurately calculated it, during this rather long series of years nature never produced a marvel that might presume to claim rank with progress. Progress is the acme of human culture--about this there can be no question. Yes, indeed, the acme." And he finished the last word in the last note. "Humanity will therefore have to face about and begin again at the beginning; for after progress nothing else is possible." He rang his bell.

"Take these three notes to their respective addresses immediately," said he to the servant who had answered the ring. Greifmann stepped into the front office, and gave an order to the cashier. Returning to his own cabinet, he locked the door that opened into the front office. He then examined several iron safes, the modest and smooth polish of which suggested neither the hardness of their iron nature nor the splendor of their treasures.

"Gold or paper?" said the banker to himself. After some indecision, he opened the second of the safes. This he effected by touching several concealed springs, using various keys, and finally shoving back a huge bolt by means of a very small blade. He drew out twenty packages of paper, and laid them in two rows on the table. He undid the tape encircling the packages, and then it appeared that every leaf of both rows was a five-hundred florin banknote. The banker had exposed a considerable sum on the table. A sudden thought caused him to smile, and he shoved the banknotes where they came more prominently into view.

The blooming double millionaire entered.

"Sit down a moment, friend Seraphin, and listen to a short account of my scheme. I have said before that our city is prospering and growing under the benign sceptre of progress. The powers and honors of the sceptre are portioned among three leaders. Everything is directed and conducted by them--of course, in harmony with the spirit of the times. I have summoned the aforesaid magnates to appear. That the business may be despatched with a comfortable degree of expedition, the time when the visit is expected has been designated in each note; and those gentlemen are punctual in all matters connected with money and the bank. You can enter this little apartment, next to us, and by leaving the door open hear the conversation. The mightiest of the corypheuses is Schwefel, the straw-hat manufacturer. This potentate resides at a three-minutes walk from here, and can put in an appearance at any time."

"I am on tiptoe!" said Gerlach. "You promise what is so utterly incredible, that the things you are preparing to reveal appear to me like adventures belonging to another world."

"To another world!--quite right, my dear fellow! I am indeed about to display to your astounded eyes some wonders of the world of progress that hitherto have been entirely unknown to you. Within eighteen days you shall, under my tutorship, receive useful and thorough instruction. This promise I can make you, as we are just in face of the elections, a time when minds put aside their disguises, when they not unfrequently shock one another, and when many secrets come to light!"

"You put me under many obligations!"

"Only doing my duty, my most esteemed! We are both aware that, according to the wishes of parents and the desired inclinations of parties known, our respective millions are to approach each other in closer relationship. To do a relative of mine in spe a favor, gives me unspeakable satisfaction. I shall proceed with my course of instruction. See here! Every one of these twenty packages contains twenty five-hundred florin banknotes. Consequently, both rows contain just two hundred thousand florins--an imposing sum assuredly, and, for the purpose of being imposing, the two hundred thousand have been laid upon this table. Explanation: the mightiest of the spirits of progress is--Money.

"All forces, all sympathies, revolve about money as the heavenly bodies revolve about the sun. For this reason the mere proximity of a considerable sum of money acts upon every man of progress like a current of electricity: it carries him away, it intoxicates his senses. The leaders whom I have invited will at once notice the collection of five-hundred florin notes: in the rapidity of calculating, they will overestimate the amount, and obtain impressions in proportion, somewhat like the Jews that prostrated themselves in the dust in adoration of the golden calf. As for me, my dear fellow, I shall carry on my operations in the auspicious presence of this power of two hundred thousands. Such a display of power will produce in the leaders a frame of mind made up of veneration, worship, and unconditional submissiveness. Every word of mine will proceed authoritatively from the golden mouth of the two hundred thousands, and my proposals it will be impossible for them to reject. But listen! The door of the ante-room is being opened. The mightiest is approaching. Go in quick." He pressed the spring of a concealed door, and Seraphin disappeared.

When the straw-hat manufacturer entered, the banker was sitting before the banknotes apparently absorbed in intricate calculations.

"Ah Mr. Schwefel! pardon the liberty I have taken of sending for you. The pressure of business," motioning significantly towards the banknotes, "has made it impossible for me to call upon you."

"No trouble, Mr. Greifmann, no trouble whatever!" rejoined the manufacturer with profound bows.

"Have the goodness to take a seat!" And he drew an arm-chair quite near to where the money lay displayed. Schwefel perceived they were five-hundreds, estimated the amount of the pile in a few rapid glances, and felt secret shudderings of awe passing through his person.

"The cause of my asking you in is a business matter of some magnitude," began the banker. "There is a house in Vienna with