Skamperoo had not slept a wink. He tossed from side to side of the royal bed, his head simply buzzing with enchanting plans for the future. With the magic emeralds he could have everything he desired, and his desires and wishes were multiplying so rapidly he scarcely knew where to begin or what to wish first. The necklaces pressed uncomfortably against his throat, but he would not take them off. He was so weary he ached in every bone, but still he could not stop thinking, and just as the castle clock tolled seven the very thing he should wish for first came suddenly to him. Ah, that was it--too bad he had to wait a whole week, but a week would pass and perhaps during that time he would discover for himself the magic secret of his sparkling new treasures. Then he could be his own magician and put that meddlesome merchant in his place. As he was running over in his mind possible places to send Matiah, the door of his room opened cautiously and Pinny Penny stuck in his head. "Well! Well? And did I ring?" grunted Skamperoo fretfully. "This is a fine time to awaken an Emperor." "Emperor?" exclaimed Pinny Penny, coming all the way into the room and closing the door. "Since when has Skampavia's King become an Emperor?" "Oh, go away and don't bother me." Turning his back on Pinny Penny, the King thumped his pillow and closed his eyes as tightly as he could. "It's all about the horse," whispered Pinny Penny, coming around to the other side of the bed. "A strange and magnificent animal for a mere merchant, if I may be permitted to say so. Not only that--it TALKS. It's ordering the stable boys around in a shocking manner and it even told ME to mind my own business." "Well, why don't you?" suggested Skamperoo, rolling over on his back. "Of course he talks, Pinny; he's an Oz horse, and all animals from Oz talk. I thought you knew that." "Well, if this merchant has a talking horse, he is not so poor as he pretends," persisted Pinny Penny, shaking his finger under the King's nose. "My advice is to set the fellow on his horse and send him about his business as quickly as possible. I don't like his looks, Skamper. He's mean and mischievous, and mark my words, no good will come of him or his necklaces." "I don't like his looks any better than you," agreed the King, clasping his fat hands on his stomach. "But if I keep the emeralds I must keep the merchant, and besides I've a notion I could ride that talking horse myself." "Oh, good goats and gravy! Then I'd best go and lay in a supply of splints and liniment." Pushing his specs up on his forehead, Pinny Penny cast a disgusted glance at his huge reclining master and rushed hurriedly from the royal presence.