"No, and I am dying with longing to see that marvellous pearl of loveliness," said the Emperor, who understood that the king alluded to Madame d'Etampes; "but even now I think that it is well said that yours is the fairest realm on earth, my brother."

"But you have the fairest countship, Flanders; the fairest duchy, Milan."

"You refused the first last month," said the Emperor, smiling, "and I thank you for so doing; but you covet the other, do you not?" he added with a sigh.

"Ah! let us not talk of serious matters to-day, my cousin, I beg you," said François; "after the pleasures of war there is nothing, I confess, which I like less to disturb than the pleasures of a festal occasion like the present."

"It is the truth," rejoined Charles, with the grimace of a miser, who realizes that he must pay a debt, "it is the truth that the Milanese is very dear to my heart, and that it would be like tearing my heart out to give it to you."

"Say rather to return it to me, my brother; that word would be more accurate, and would perhaps soften your disappointment. But that is not the matter in hand now; we must enjoy ourselves. We will talk of the Milanese later."

"Gift or restitution, given or returned," said the Emperor, "you will none the less possess one of the finest lordships in the world; for you shall have it, my brother; it is decided, and I will keep my engagements with you as faithfully as you keep yours with me."

"Mon Dieu!" cried François, beginning to be vexed at this everlasting recurrence to serious matters; "what do you regret, my brother? Are you not King of the Spains, Emperor of Germany, Count of Flanders, and lord, either by influence or by right of your sword, of all Italy, from the foot of the Alps to the farthest point of Calabria?"

"But you have France!" rejoined Charles with a sigh.

"You have the Indies and their golden treasures; you have Peru and the mines!"