Again she laughed merrily. "Now, if you had said that my sympathies were with the Invisible Emperor, I might have been surprised into an acknowledgment," she answered. "After all, he does stand for that aristocracy that has disappeared from the modern world, does he not? For refinement of manners, for beauty of life, for all those things men used to prize." "Likewise for the existence of the vast body of the nation in ignorance and poverty, in filth and squalor," answered Dick. "No, my sympathies are with law and order and democracy, and your Invisible Emperor and his crowd are simply a gang of thieves and hold-up men." "Be careful!" A warning fire burned in the girl's eyes. "At least, it is known that the Emperor's ears are long." "So are a jackass's," retorted Dick. He was sorry next moment, for the girl received his answer in icy silence. In his car, which conveyed them from the tarmac to the Embassy, she received all his overtures in the same silence. A frigid little bow was her farewell to him, while Dick, struggling between resentment and humiliation, sat dumb and wretched at the wheel. Yet the idea that Fredegonde Valmy had any knowledge of the conspiracy or its leaders never entered Dick's head. He was only miserable that he had offended her, and he would have done anything to have straightened out the trouble. * * * * * It seemed impossible that in the year 1940 the peace of the civilized world could be threatened by an international conspiracy bent on restoring absolutism, and yet each day showed more clearly the immense ramifications of the plot. Each day, too, brought home to the investigating governments more clearly the fact that the things they had discovered were few in number in comparison with those they had not. The headquarters of the conspirators had never been discovered, and it was suspected that the powerful mind behind them was intentionally leading the investigators along false trails. The conspiracy was world-wide. It had been behind the revolution that had recreated an absolutist monarchy in Spain. It had plunged Italy into civil war. It had thrown England into the convulsions of a succession of general strikes, using the communist movement as a cloak for its activities. But nobody dreamed that America could become a fertile field for its insidious propaganda. Yet it was behind the millions of adherents of the so-called Freemen's Party, clamoring for the destruction of the constitution. Upon the anarchy that would follow the absolutist regime was to be erected.