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hills, that never change, the house built by his ancestors, which was old when he was born, the olive groves, the mighty rocks … but that city has sprung up, since he was a grown man, from a plateau covered with thickets, and burrowed with caves, and it is enlarged each year with new hotels, new streets, and more domes and turrets!"

      The Colonel suddenly forgot the old peasant. With his fellow-countryman, Novoa, he felt quite talkative, and he imagined that his thoughts flowed more freely and vigorously, through this contact with a man of learning. Besides, he felt a certain pride in being able to talk like an old inhabitant, of the many things of which the new-comer was ignorant.

      "The fortress you see over there practically belonged to us at one time," he went on, pointing to the Castle of Monaco. "For a century and a half it had a Spanish garrison. Our great Charles V"—and the old Legitimist spoke the name with a note of deep respect—"once slept there. And there, too."

      Turning, he pointed out on the mountain summit of Cap-Martin the village of Roquebrune, huddled about its ruined castle.

      "The archivist of the Prince of Monaco is studying the numerous letters in his possession written by our great Emperor to the Grimaldi family. When the historians of the Principality wish to establish the indisputable independence of their tiny land, they cite as the origins of the state the treaties signed at Burgos, Tordesillas, and Madrid."

      In a few words he went over the history of the little country, which came into being around a little harbor. Semitic sailors gave it the name of Melkar—the Phœnician Hercules—and the word gradually changed into the present one, Monaco. The Guelphs and Ghibellines of Genoa fought for possession of its castle, until a Grimaldi, disguised as a monk, entered the enclosure by surprise and opened the gates to his friends, making the ancient Hercules Harbor an estate of his family for all time. "This friar, sword in hand," continued Don Marcos, "is the one that figures on both sides of the coat of arms of Monaco. From that time on the history of the Grimaldis is similar to that of all the ruling houses of those days. They made war on their neighbors, and quarreled among themselves, to the extent that brother even assassinated brother. The sailors of Monaco plied the trade of corsair, and their flag was even used to give distinction to the pirates of other countries. The alliance of the Grimaldis with Spain allowed them to use the title of Prince for the first time. Charles V addressed them in his letters as 'dear Cousins,' and gave them other honorary titles. This great rock was of exceeding importance to the Spanish Monarchs who had lands in Italy and needed to keep the route safe. The Kings of France were very anxious, on their part, to do away with this obstacle and win the Grimaldis over to their side. You must realize that for a hundred and fifty years the latter kept their agreements faithfully, and that during all this time the subsidies that had been promised them from Madrid were sent only at rare intervals. Two galleys from Monaco always figured in the rolls of the Spanish navy. Only when the decline of Austria began to cause us to lose our influence in Europe, did the Grimaldis, like people fleeing from a house that is tumbling down, abandon us. At that particular moment, Richelieu was making France a great power, and they went with him. One night amid thunder and lightning, when the garrison, composed for the most part of Italians in the service of Spain, were carelessly asleep, the French caught them unawares, disarmed them, after killing a few who tried to resist, and finally sent the remainder courteously to the Spanish Viceroy at Milan, with the notice that the alliance must be considered broken forever.

      "The Grimaldis became the liege-lords of France. Later they went to Versailles, as courtiers, or served in the King's armies. During the Revolution they were persecuted, like all the other princes, and a beautiful lady of the family was guillotined. Napoleon kept them in his military following as aides-de-camp, and the long peace of the Nineteenth Century caused them to return and take up their abode once more in their tiny Principality.

      "They were so poor!" Toledo went on. "They were obliged to keep up the show and pomp of a court, since in a small state where all are neighbors, the Prince has to exaggerate formality, in order to hold the people's respect. The same expenses must be defrayed as in a large nation; the maintenance of courts, administrative offices, and even a diminutive army for internal safety. And the whole Principality produced nothing but lemons and olives. … You can see for yourself how poor and how hard pressed they must have been, not knowing how to raise funds, especially since under the rule of Florestan I, the grandfather of the present Prince, there was an attempted revolution, owing to the decree of the Sovereign that the olives of the country should be pressed exclusively in the mills of his estate.

      "Later under Charles III, the situation became still more difficult. The Principality was dismembered. The two cities, Menton and Roquebrune, dependencies of Monaco, full of enthusiasm for the Italian Revolution, declared their freedom, and joined the Kingdom of Savoy. Shortly after, when Napoleon III acquired the former County of Nice they fell under the control of France. And thus Monaco was isolated within French territory, with its sovereignty clearly recognized; but a sovereignty that embraced only a single city on a rocky height, a small harbor, and a little surrounding land overgrown with parasitical vegetation; about as much ground as a peaceful citizen might cover in a morning walk. How was the tiny State to be maintained?

      "It was saved by gambling. Don't imagine as some people do, that the idea originated with the Ruler of Monaco. Many German Princes had had recourse to some enterprise to support their domains. It is a German invention; but gambling on the shore of the Mediterranean, under a winter sun that seldom fails, is quite a different thing from gambling in Central Europe. At first the business was unsuccessful. They established a miserable Casino in old Monaco, opposite the Palace, in what is now the barracks of the Prince's Guard. The betting was very slight. It was necessary to come by diligence, over the Alpine heights, following the old Roman route, and to descend from La Turbie by roads that were like ravines. One had to be very anxious indeed to gamble. Later the Casino was transferred to the harbor below, where the La Condamine district is to-day: another failure. The lessees of the gaming privileges went bankrupt, and were unable to fulfill their obligations to the Prince. And then the Corniche Railway was put through, placing Monaco on the road between Paris and Italy; and all the gamblers and idlers of the world came flocking here within a few years. What a transformation!"

      The Colonel recalled once more the old peasant, who, pasturing his sheep on the Alpine slope, spent hours and hours with his eyes fixed on the marvelous city, stretching out below, on the very spot that, as a young man, he had seen covered with thickets.

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