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before the council and demand reparation."

"And now, signor, if you will permit me I will take my leave," Francis said. "The hour is late, and the signoras will require rest after their fright and emotion."

"I will see you tomorrow, sir. I shall do myself the honour of calling early upon your father, to thank him for the great service you have rendered me."

Signor Polani accompanied Francis to the steps, while two servants held torches while he took his seat in the gondola, and remained standing there until the barque had shot away beyond the circle of light.

"We seem fated to have adventures, Giuseppi."

"We do indeed, Messer Francisco, and this is more to my liking than the last. We arrived just at the nick of time; another half minute and those young ladies would have been carried off. That was a rare blow you dealt their leader. I fancy he never came up again, and that that is why we got away without being chased."

"I am of that opinion myself, Giuseppi."

"If that is the case we shall not have heard the last of it, Messer Francisco. Only someone of a powerful family would venture upon so bold a deed, as to try to carry off ladies of birth on the Grand Canal, and you may find that this adventure has created for you enemies not to be despised."

"I can't help it if it has," Francis said carelessly. "On the other hand, it will gain for me an influential friend in Signor Polani, who is not only one of the richest merchants of Venice, but closely related to a number of the best families of the city."

"His influence will not protect you against the point of a dagger," Giuseppi said. "Your share in this business cannot but become public, and I think that it would be wise to give up our evening excursions at present."

"I don't agree with you, Giuseppi. We don't go about with torches burning, so no one who meets us is likely to recognize us. One gondola in the dark is pretty much like another, and however many enemies I had, I should not be afraid of traversing the canals."

The next morning, at breakfast time, Francis related to his father his adventure of the previous evening.

"It is a mistake, my son, to mix yourself up in broils which do not concern you; but in the present instance it may be that your adventure will turn out to be advantageous to your prospects. Signor Polani is one of the most illustrious merchants of Venice. His name is known everywhere in the East, and there is not a port in the Levant where his galleys do not trade. The friendship of such a man cannot but be most useful to me.

"Upon the other hand, you will probably make some enemies by your interference with the plans of some unscrupulous young noble, and Venice is not a healthy city for those who have powerful enemies; still I think that the advantages will more than balance the risk.

"However, Francis, you must curb your spirit of adventure. You are not the son of a baron or count, and the winning of honour and glory by deeds of arms neither befits you, nor would be of advantage to you in any way. A trader of the city of London should be distinguished for his probity and his attention to business; and methinks that, ere long, it will be well to send you home to take your place in the counting house under the eye of my partner, John Pearson.

"Hitherto I have not checked your love for arms, or your intercourse with youths of far higher rank than your own; but I have been for some time doubting the wisdom of my course in bringing you out here with me, and have regretted that I did not leave you in good hands at home. The events of last night show that the time is fast approaching when you can no longer be considered a boy, and it will be better for you to turn at once into the groove in which you are to travel, than to continue a mode of life which will unfit you for the career of a city trader."

Francis knew too well his duty towards his father to make any reply, but his heart sank at the prospect of settling down in the establishment in London. His life there had not been an unpleasant one, but he knew that he should find it terribly dull, after the freedom and liberty he had enjoyed in Venice. He had never, however, even to himself, indulged the idea that any other career, save that of his father, could be his; and had regarded it as a matter of course that, some day, he would take his place in the shop in Cheapside.

Now that it was suddenly presented to him as something which would shortly take place, a feeling of repugnance towards the life came over him. Not that he dreamt for a moment of trying to induce his father to allow him to seek some other calling. He had been always taught to consider the position of a trader of good standing, of the city of London, as one of the most desirable possible. The line between the noble and the citizen was so strongly marked that no one thought of overstepping it. The citizens of London were as proud of their position and as tenacious of their rights as were the nobles themselves. They were ready enough to take up arms to defend their privileges and to resist oppression, whether it came from king or noble; but few indeed, even of the wilder spirits of the city, ever thought of taking to arms as a profession.

It was true that honour and rank were to be gained, by those who rode in the train of great nobles to the wars, but the nobles drew their following from their own estates, and not from among the dwellers in the cities; and, although the bodies of men-at-arms and archers, furnished by the city to the king in his wars, always did their duty stoutly in the field, they had no opportunity of distinguishing themselves singly. The deeds which attracted attention, and led to honour and rank, were performed by the esquires and candidates for the rank of knighthood, who rode behind the barons into the thick of the French chivalry.

Therefore Francis Hammond had never thought of taking to the profession of arms in his own country; though, when the news arrived in Venice of desperate fighting at sea with the Genoese, he had thought, to himself, that the most glorious thing in life must be to command a well-manned galley, as she advanced to the encounter of an enemy superior in numbers. He had never dreamed that such an aspiration could ever be satisfied--it was merely one of the fancies in which lads so often indulge.

Still, the thought that he was soon to return and take his place in the shop in Chepe was exceedingly unpleasant to him.

Soon after breakfast the bell at the water gate rang loudly, and a minute later the servant entered with the news that Signor Polani was below, and begged an interview. Mr. Hammond at once went down to the steps to receive his visitor, whom he saluted with all ceremony, and conducted upstairs.

"I am known to you by name, no doubt, Signor Hammond, as you are to me," the Venetian said, when the first formal greetings were over. "I am not a man of ceremony, nor, I judge, are you; but even if I were, the present is not an occasion for it. Your son has doubtless told you of the inestimable service, which he rendered to me last night, by saving my daughters, or rather my eldest daughter--for it was doubtless she whom the villains sought--from being borne off by one of the worst and most disreputable of the many bad and disreputable young men of this city."

"I am indeed glad, Signor Polani, that my son was able to be of service to you. I have somewhat blamed myself that I have let him have his own way so much, and permitted him to give himself up to exercises of arms, more befitting the son of a warlike noble than of a peaceful trader; but the quickness and boldness, which the mastery of arms gives, was yesterday of service, and I no longer regret the time he has spent, since it has enabled him to be of aid to the daughters of Signor Polani."

"A mastery of arms is always useful, whether a man be a peace-loving citizen, or one who would carve his way to fame by means of his weapons. We merchants of the Mediterranean might give up our trade, if we were not prepared to defend our ships against the corsairs of Barbary, and the pirates who haunt every inlet and islet of the Levant now, as they have ever done since the days of Rome. Besides, it is the duty of every citizen to defend his native city when attacked. And lastly, there are the private enemies, that every man who rises but in the smallest degree above his fellows is sure to create for himself.

"Moreover, a training in arms, as you say, gives readiness and quickness, it enables the mind to remain calm and steadfast amidst dangers of all sorts, and, methinks, it adds not a little to a man's dignity and self respect to know that he is equal, man to man, to any with whom he may come in contact. Here in Venice we are all soldiers and sailors, and your son will make no worse merchant, but rather the better, for being able to wield sword and dagger.

"Even now," he said with a smile, "he has proved the advantage of his training; for, though I say it not boastfully, Nicholas Polani has it in his power to be of some use to his friends, and foremost among them he will henceforward count your brave son, and, if you will permit him, yourself.

"But you will, I trust, excuse my paying you but a short visit this morning, for I am on my way to lay a complaint before the council. I have already been round to several of my friends, and Phillipo Giustiniani and some six others, nearest related to me, will go with me, being all aggrieved at this outrage to a family nearly connected. I crave you to permit me to take your son with me, in order that he may be at hand, if called upon, to say what he knows of the affair."

"Assuredly it is his duty to go with you if you desire it; although I own I am not sorry that he could see, as he tells me, no badge or cognizance which would enable him to say aught which can lead to the identification of those who would have abducted your daughter. It is but too well known a fact that it is dangerous to make enemies in Venice, for even the most powerful protection does not avail against the stab of a dagger."

"That is true enough," the merchant said. "The frequency of assassinations is a disgrace to our city; nor will it ever be put down until some men of high rank are executed, and the seignory show that they are as jealous of the lives of private citizens, as they are of the honour and well being of the republic."

Francis gladly threw aside his books when he was told that Signor Polani desired him to accompany him, and was soon seated by the side of the merchant in his gondola.

"How old are you, my friend?" the merchant asked him, as the boat threaded the mazes of the canals.

"I am just sixteen, signor."

"No more!" the merchant said in surprise. "I had taken you for well-nigh two years older. I have but just come from the Palazzo

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