This proposition did some good, at least for the present moment. As very soon the delegates would not fail to fight with each other, and pull each other's hair where there was any to pull, it would be at the moment when it was necessary to elect a final buyer of this immovable region, so much disputed and so useless. "In all cases," cleverly remarked Dean Toodrink, "the United States will be entirely out of the question." "It seems to me very sensible," said Eric Baldenak. "Very handy," said Col. Karkof. "Right," said Jan Harald. "Mean," said Jacques Jansen. "Very English," said Major Donellan. Each one had given his opinion hoping to convince his colleagues. "Then, gentlemen, it is perfectly understood that if we form a syndicate the rights of each State will be absolutely reserved for the future." ... It is understood. There was only to be found out what credit the different delegates had received from their governments. It was supposed that the whole when added up would represent such an enormous sum that there would not be the least doubt that the A.P.P.A. [N.P.P.A.] would fail to surpass this amount of money. This question of funds was met by Dean Toodrink. Complete silence. Nobody would answer, show your pocketbook. Empty their pockets into the safes of a syndicate. Make known in advance how much each country would bid at the sale. No haste was shown. And if there should be a disagreement in this new-formed syndicate in the future, and circumstances should compel each one to make his own bids? And should the diplomat Karkof feel insulted at the trickery of Jacques Jansen, who would be insulted at the underhand intrigues of Jan Harald, who would refuse to support the high pretensions of Major Donellan, who, himself, would not stop to embroil each one of his associates. And now to show their credits-that was showing their play, when it was necessary to live up to it. There were really two ways only to answer the proper but indiscreet suggestion of Dean Toodrink. Either to exaggerate the credits, which would be very embarrassing, because it would then be the question of the payment, or to diminish them to such a point that they would be ridiculous and not to the purpose of the scheme. The ex-counsellor had this idea first, but it must be said to his credit, he did not seriously hold it. His colleagues, however, followed suit. "Gentlemen," said Holland, through its mouthpiece, "I regret, but for the purpose of the Arctic regions I can only dispose of fifty riechsthaler." "And I of thirty-five rubles," said Russia. "And I of twenty kronors," said Norway-Sweden. "And I of fifteen cronen," said Denmark. "Well,"