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'Ah!' exclaimed Roger. 'He is back, then. Where does he live?'

'He has a palace on the Grand Canal on the corner where the Canal San Barnaba runs into it. Anyone will point it out to you. If your business with him is secret, though, have a care of the gondolier who takes you there. Under the old regime, all gondoliers had to report nightly to the police on the trips they made and any conversations of interest between their passengers that they had overheard. That was one of the principal ways in which the Inquisitors were kept informed of everyone's doings, and the French have been quick to avail them; selves of it.'

'I thank you for the warning. It must be, though, one of the few things which have not changed with the coming of the French.'

Alas, yes. Venice was a delightful city. Provided one did not meddle in politics, there was no city in which greater liberty was enjoyed. I have been Consul here since '91 and had hoped never to be transferred to another post. Whether I shall be allowed to remain depends now on how Venice is disposed of in the peace treaty.'

'Since the preliminaries were agreed last April, I find it surprising the final terms have not yet been settled!'

It is the Austrians who have held things up. They are playing a waiting game, in the hope that events in Paris will enable them to exact better terms from General Buonaparte.

I have been long abroad, Sir,' Roger informed his companion. 'In fact, to India and back; so I am completely out of touch. Pray tell me how matters stand in Paris now?'

Mr. Watson sat back and crossed his long legs. 'The Directory still rules the roost and is as corrupt as ever. But it is having a hard fight to hold it down. Of the five, Rewbell, Barras and Larewelliere-​Lepeaux are all rabid revolutionaries; Carnot and Barthelemy, who replaced Letourneur last March, are moderates. As Rewbell and Co. are in the majority, they are able to out-​vote the other two on every measure; so the proscription of émigrés and the persecution of priests continues unchanged, although the vast majority of the French people would gladly see an end to the state of things they have inherited from the Terror.

'That this is so was clearly shown by the first re-​election of the Corps Legislatif, which was held last March. Of the two hundred and sixteen members from the old Terrorist Convention who had to offer themselves for re-​election, only eleven were returned. They were replaced almost entirely by Deputies who favour a restitution of the Constitution of '91. Few, if any, of them desire a King, of course; but they would like to see real liberty restored under just laws and religious toleration. Yet, with the Directory as it is still constituted, they are powerless.

'In January there was a Royalist conspiracy led by the Abbe Brottier. It was badly handled, so swiftly suppressed. But I don't doubt that, seeing the general state of France, the Austrians are procrastinating in the hope of another which will prove successful. Buonaparte and the Directory now form an uneasy partnership. His victories have so increased his stature that they are now frightened of him. On the other hand, he was Barras's protégé and is tarred with the same brush; so the overthrow of the Directory might lead to his recall, or anyway weaken his hand to an extent that would enable the Austrians to get better terms from him.'

'So that's how things stand,' Roger nodded. 'The fact that the Austrians are making peace at all, though, throws the whole burden of the war onto us, and our situation was bad enough already. Knowing how anxious Mr. Pitt was to obtain peace, before I left England last summer I wonder greatly that he, too, is not endeavouring to negotiate a settlement with the French.'

'He did so endeavour, by sending my Lord Malmesbury to Paris last December. But at that time, of course, he was still bound by our understanding with the Austrians that their Belgian lands should be returned to them, and the French would not hear of it. They put a pistol to his Lordship's head, and told him to accept their own terms in full or quit Paris within forty-​eight hours. Our Ambassador here, Sir Richard Worsley, when placing our affairs in my hands before he left, told me that the French Constitutional party are actually eager for peace, but the Directory regards Britain as the most implacable of all its enemies. They showed it by their insulting treatment of my Lord Malmesbury, and no doubt Mr. Pitt feels that, while they remain in power, to go hat in hand to them again would be too great a humiliation. Like the Austrians, he must be hoping for their downfall.'

I'd not count on it,' Roger remarked, with a shake of his head 'If they do fall, it will mean the dry guillotine for them a one-​way trip to Cayenne so they'll fight to the last ditch. Besides, I greatly doubt if their overthrow would bring about any permanent change to our advantage. I am well acquainted with General Buonaparte. Unless I much misjudge the man, now he has proved himself by such a tale of victories he would march on Paris, throw the whole Chamber of Deputies into prison and restore the Directory; or something very like it. No. To my mind, instead of banking on such flimsy hopes, Mr. Pitt would be better advised to endeavour to rebuild the Coalition.'

How can he, with Spain and Holland gone over to the enemy, Italy overrun, and Austria about to sign a peace?'

'There is still Prussia; she might be drawn in again. And Sweden and Russia. What of the last? A year ago the old Empress Catherine was on the verge of making an alliance with us. Is she still havering?'

'We'll get no help there. She died last November,

'The Devil she did!' exclaimed Roger. 'Well, God rest her soul. She once played me a scurvy trick by forcing me to take a hell-​cat as my wife. But she was a great woman for all that. Who has succeeded her?'

'Her son, as Paul I. He so hated his mother that he has reversed all her policies, good or bad, as though he hoped to spite her in her grave.'

I'm not surprised by that. He is a weak-​kneed imbecile.'

At all events, he has become pro-​French. Prussia is still occupied in holding down her share of Poland's carcase, and, since King Gustavus's assassination, there has been little hope of persuading the Swedes to fight.'

Roger sighed. Tis a plaguey poor look out for Britain, then. I doubt, though, if Austria will accept as final this setback she has sustained. She has a mighty reservoir of men and. can we but hang on, after she has licked her wounds a while she might come in with us again. I pray only that her diplomats will succeed in securing a peace that will leave her comparatively strong. Have you any idea of the terms under discussion?'

'I know those agreed in the preliminaries at Leoben, Austria was to surrender all rights to her Belgian territories and the Duchy of Milan and receive in compensation the Venetian lands in Dalmatia, Istria and on this side of the Adriatic as far south as the river Po. She was also to recognise the French frontiers as proclaimed by the Republic. Venice was to be compensated, if you can call it that, by receiving the Papal States of Romagna, Ferrara and Bologna.'

'The last would mean Buonaparte's committing infanticide on his young Cispadane Republic'

Mr. Watson smiled. 'As you have admitted, Mr. Brook, you are behind the times. He did so a month ago, but at its own request. In July he founded another Republic, the Cisalpine, formed from the Duchy of Milan, and the Cispadanes begged so hard for union with this more powerful young sister that he let them have their way.'

'Surely that makes it even less likely that he would now tear a large limb from it to please Venice?'

'I agree. But remember the preliminaries of Leoben were settled before he quarrelled openly with the Serene Republic.'

'True. So it looks now as if Venice will not possess any mainland territories in the future.'