futility of lives and of deaths thrown away in the vain endeavour to attain an enduring solution of the problem. Unlike Decoud, Charles Gould could not play lightly a part in a tragic farce. It was tragic enough for him in all conscience, but he could see no farcical element. He suffered too much under a conviction of irremediable folly. He was too severely practical and too idealistic to look upon its terrible humours with amusement, as Martin Decoud, the imaginative materialist, was able to do in the dry light of his scepticism. To him, as to all of us, the compromises with his conscience appeared uglier than ever in the light of failure. His taciturnity, assumed with a purpose, had prevented him from tampering openly with his thoughts; but the Gould Concession had insidiously corrupted his judgment. He might have known, he said to himself, leaning over the balustrade of the corridor, that Ribierism could never come to anything. The mine had corrupted his judgment by making him sick of bribing and intriguing merely to have his work left alone from day to day. Like his father, he did not like to be robbed. It exasperated him. He had persuaded himself that, apart from higher considerations, the backing up of Don José's hopes of reform was good business. He had gone forth into the senseless fray as his poor uncle, whose sword hung on the wall of his study, had gone forth - in the defence of the commonest decencies of organized society. Only his weapon was the wealth of the mine, more far-reaching and subtle than an honest blade of steel fitted into a simple brass guard. More dangerous to the wielder, too, this weapon of wealth, double-edged with the cupidity and misery of mankind, steeped in all the voices of self-indulgence as in a concoction of poisonous roots, tainting the very cause for which it is drawn, always ready to turn awkwardly in the hand. There was nothing for it now but to go on using it. But he promised himself to see it shattered into small bits before he let it be wrenched from his grasp. After all, with his English parentage and English upbringing, he perceived that he was an adventurer in Costaguana, the descendant of adventurers enlisted in a foreign legion, of men who had sought fortune in a revolutionary war, who had planned revolutions, who had believed in revolutions. For all the uprightness of his character, he had something of an adventurer's easy morality which takes count of personal risk in the ethical appraising of his action. He was prepared, if