After this solemn preamble, Mr. Pitt goes on minutely to describe his transaction with the diamond merchant; how in the end of 1701 Jamchund, in company with one Vincaty Chittee, called upon him in order to effect the sale of a very large diamond. Mr. Pitt, who seems to have been himself a very considerable trader in precious stones, was appalled at the sum, two hundred thousand pagodas ($400,000), asked for this diamond. He accordingly offered thirty thousand pagodas; but Jamchund went away unable to sacrifice his pebble for such a sum. They haggled over the matter for two months, meeting several times in the interval. The Indian merchant made use of the classical expressions of his trade, as, for example, that it was only to Mr. Pitt that he would sell it for so insignificant a sum as a hundred thousand pagodas. But all this was of no avail and they consequently parted again without having effected a bargain. [Illustration: THE REGENT: TOP AND SIDE VIEWS.] Finally Jamchund having resolved to go back into his own country once more presented himself, always attended by the faithful Vincaty Chittee, before the Governor, and offered his stone now for fifty thousand pagodas. Pitt then offered forty-five thousand, thinking that "if good it must prove a pennyworth." Then Jamchund fell a thousand and Pitt rose a thousand. Now the bargain seemed pretty near conclusion; but it often happens that hucksters who have risen or fallen by pounds come to grief at the last moment over the pence that still separate them, so these two seemed unable to move further towards a settlement. Mr. Pitt went into his closet to a Mr. Benyon and had a chat over it with that gentleman who appears to have advised him to the purchase, remarking that a stone which was worth forty-seven thousand pagodas was surely worth forty-eight. Convinced by this reasoning the Governor went again to Jamchund and at last closed the bargain at forty-eight thousand pagodas ($96,000). It was a lucky moment for him, since it was upon this minute but adamantine corner-stone that the Governor of Fort St. George began to build up the fortunes of the great house of Pitt. The diamond, valued far below its price in order not to attract attention, was sent home to England and lodged with bankers until Mr. Pitt's return from India, when he had it cut and polished. This process, the most critical one in the life of a diamond, was performed in an eminently satisfactory manner. The rough stone, which had weighed four hundred and ten carats, came forth from the hands of the cutter a pure and flawless brilliant of unparalleled lustre weighing one hundred and thirty-six and three fourths carats. It took two years to cut it, and the cost of the operation was ten thousand dollars; but its lucky owner had no reason to complain, since he sold the dust and fragments for no less than forty thousand dollars and still had the largest diamond in the world to dispose of.