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father from me, the first thing, explaining my absence; and I told him, when we left your house, to go at once to tell him that your daughters had been recovered, and that I should return before long. Still, he will want to hear from me as to the events of the night."

"Will you also tell him, Francisco, that I will call upon him this afternoon. I have much to say to him."

"I am glad Signor Polani is coming," Mr. Hammond said, when his son gave him the message. "I am quite resolved that you shall quit Venice at once. I do not wish to blame you for what you have done, which, indeed, is likely to have a favourable effect upon your fortunes; but that, at your age, you have mixed yourself up in adventures of this kind, taken part in the affairs of great houses, and drawn upon yourself the enmity of one of the most powerful families of Venice, is altogether strange and improper for a lad of your years, and belonging to the family of a quiet trader. I have been thinking about it all this morning, and am quite resolved that the sooner you are out of Venice the better. If I saw any way of sending you off before nightfall I would do so.

"Signor Polani has, you say, so far concealed from the council the fact that you have been mixed up in this business; but there is no saying how soon it may come out. You know that Venice swarms with spies, and these are likely, before many hours, to learn the fact of your midnight arrival at Polani's house; and as no orders were given for the preparation of this expedition to the island before that time, it will not need much penetration to conclude that you were the bearer of the news that led to the discovery of the maidens. Besides which, you accompanied the expedition, and acted as its guide to the hut. Part of this they will learn from the servants of the house, part of it they may get out from the sailors, who, over their wine cups, are not given to reticence. The council may not have pressed Polani on this point, but, take my word for it, some of them, at least, will endeavour to get to the bottom of it, especially Mocenigo's connections, who will naturally be alarmed at the thought that there is somewhere a traitor among their own ranks.

"The affair has become very serious, Francis, and far beyond the compass of a boyish scrape, and no time must be lost in getting you out of Venice. I have no doubt Polani will see the matter in the same light, for he knows the ways of his countrymen even better than I do."

The interview between the two traders was a long one. At its conclusion Francis was sent for.

"Francis," his father said, "Signor Polani has had the kindness to make me offers of a most generous nature."

"Not at all, Messer Hammond," the Venetian interrupted. "Let there be no mistake upon that score. Your son has rendered me services impossible for me ever to repay adequately. He has laid me under an obligation greater than I can ever discharge. At the same time, fortunately, I am in a position to be able to further his interests in life.

"I have proposed, Francisco, that you shall enter my house at once. You will, of course, for some years learn the business, but you will do so in the position which a son of mine would occupy, and when you come of age, you will take your place as a partner with me.

"Your father will return to England. He informs me that he is now longing to return to his own country, and has for some time been thinking of doing so. I have proposed to him that he shall act as my agent there. Hitherto I have not traded direct with England; in future I shall do so largely. Your father has explained to me somewhat of his transactions, and I see there is good profit to be made on trade with London, by a merchant who has the advantage of the advice and assistance of one, like your father, thoroughly conversant in the trade. Thus, I hope that the arrangement will be largely to our mutual advantage. As to yourself, you will probably be reluctant to establish yourself for life in this country; but there is no reason why, in time, when your father wishes to retire from business, you should not establish yourself in London, in charge of the English branch of our house."

"I am most grateful to you for your offer, signor, which is vastly beyond anything that my ambition could ever have aspired to. I can only say that I will try my best to do justice to your kindness to me."

"I have no fear as to that, Francisco," the merchant said. "You have shown so much thoughtfulness, in this business, that I shall have no fear of entrusting even weighty affairs of business in your hands; and you must remember always that I shall still consider myself your debtor. I thoroughly agree with your father's views as to the necessity for your leaving Venice, as soon as possible. In a few months this matter will have blown over, the angry feelings excited will calm down, and you will then be able to come and go in safety; but at present you were best out of the town, and I have, therefore, arranged with your father that you shall embark tonight on board the Bonito, which sails tomorrow. You will have much to say to your father now, but I hope you will find time to come round, and say goodbye to my daughters, this evening."

"Your adventures, Francis," Mr. Hammond said when the merchant had left them, "have turned out fortunate, indeed. You have an opening now beyond anything we could have hoped for. Signor Polani has expressed himself most warmly. He told me that I need concern myself no further with your future, for that would now be his affair. The arrangement that he has made with me, will enable me to hold my head as high as any in the City, for it will give me almost a monopoly of the Venetian trade; and although he said that he had long been thinking of entering into trade direct with England, there is no doubt that it is his feeling towards you, which has influenced him now in the matter.

"My business here has more than answered my expectations, in one respect, but has fallen short in another. I have bought cheaply, and the business should have been a very profitable one; but my partner in London is either not acting fairly by me, or he is mismanaging matters altogether. This offer, then, of Signor Polani is in every respect acceptable. I shall give up my own business and start anew, and selling, as I shall, on commission, shall run no risk, while the profits will be far larger than I could myself make, for Polani will carry it on on a great scale.

"As for you, you will soon learn the ways of trade, and will be able to come home and join me, and eventually succeed me in the business.

"No fairer prospect could well open to a young man, and if you show yourself as keen in business, as you have been energetic in the pursuits you have adopted, assuredly a great future is open to you, and you may look to be one of the greatest merchants in the city of London. I know not yet what offers Polani may make you here, but I hope that you will not settle in Venice permanently, but will always remember that you are an Englishman, and the son of a London citizen, and that you will never lose your love for your native land.

"And yet, do not hurry home for my sake. Your two brothers will soon have finished their schooling, and will, of course, be apprenticed to me as soon as I return; and if, as I hope, they turn out steady and industrious; they will, by the time they come to man's estate, be of great assistance to me in the business.

"And now, you will be wanting to say goodbye to your friends. Be careful this last evening, for it is just when you are thinking most of other matters, that sudden misfortune is likely to come upon you."

Delighted with his good fortune--rather because it opened up a life of activity, instead of the confinement to business that he had dreaded, than for the pecuniary advantages it offered--Francis ran downstairs and, leaping into his father's gondola, told Beppo to take him to the Palazzo Giustiniani. On the way he told Beppo and his son that the next day he was leaving Venice, and was going to enter the service of Signor Polani.

Giuseppi ceased rowing, and, throwing himself down at the bottom of the gondola, began to sob violently, with the abandonment to his emotions common to his race. Then he suddenly sat up.

"If you are going, I will go too, Messer Francisco. You will want a servant who will be faithful to you. I will ask the padrone to let me go with you.

"You will let me go, will you not, father? I cannot leave our young master, and should pine away, were I obliged to stop here to work a gondola; while he may be wanting my help, for Messer Francisco is sure to get into adventures and dangers. Has he not done it here in Venice? and is he not sure to do it at sea, where there are Genoese and pirates, and perils of all kinds?

"You will take me with you, will you not, Messer Francisco? You will never be so hard hearted as to go away and leave me behind?"

"I shall be very glad to have you with me, Giuseppi, if your father will give you leave to go. I am quite sure that Signor Polani will make no objection. In the first place, he would do it to oblige me, and in the second, I know that it is his intention to do something to your advantage. He has spoken to me about it several times, for you had your share of the danger when we first rescued his daughters, and again when we were chased by that four-oared gondola. He has been too busy with the search for his daughters to give the matter his attention, but I know that he is conscious of his obligation to you, and that he intends to reward you largely. Therefore, I am sure that he will offer no objection to your accompanying me.

"What do you say, Beppo?"

"I do not like to stand in the way of the lad's wishes, Messer Francisco; but, you see, he is of an age now to be very useful to me. If Giuseppi leaves me, I shall have to hire another hand for the gondola, or to take a partner."

"Well, we will talk it over presently," Francis said. "Here we are at the steps of the palazzo, and here comes Matteo himself. It is lucky I was not five minutes later, or I should have missed him."

Chapter 7: On Board A Trader.

"Have you heard the news, Francisco? My cousins are rescued! I have been out this morning and have only just heard it, and I was on the point of starting to tell you."

"Your news is old, Matteo. I knew it hours ago."

"And I hear," Matteo went on, "that Polani found them in a hut on San Nicolo. My father cannot think how he came to hear of their hiding place. He says Polani would not say how he learned the news. My father supposes he heard it from some member of Ruggiero's household."

Francis hesitated for a moment. He had at

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