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haracter I had assumed. The rest of that year and all the winter I passed living the normal life of an indulged and pampered favorite of an opulent bachelor dilettante noble. It was a life almost as enjoyable as the life of a wealthy nobleman to which I had been born and brought up. I had but one anxiety and that was not small and it steadily increased. It was caused by a progressive alteration and deterioration in the character of my master. In all other respects he remained the man he had been when he first bought me, but as a gem-fancier his hobby became a passion which deepened into a mania and colored, or discolored, all he did. He had, as he always had had, a very large surplus of income over and above what was needful to maintain his huge estates in Africa, his many luxurious villas and town-palaces there, his yacht and his palaces in Italy at Baiae and at Rome. The normal accumulation of this surplus had taxed his sagacity as an investor, for it was always harder for him to find advantageous investments for his redundant cash than to find cash for tempting investments. Certainly his excess income more than sufficed for any reasonable indulgence in gem-collecting. Yet his outlay for rare gems ran up to and outran and far outran his resources. The strange result was that he, who had huge revenues from estates and safe investments, desired a still greater income. He began to embark in risky ventures which promised large and quick returns. He went into partnership with two different nobles, who made a practice of bidding on the taxes of frontier provinces exposed to enemy raids. Bidders were shy of investing their cash in the problematical returns of such regions and those who had the hardihood to enter into contracts with the government made huge profits if lucky. Falco was lucky each time. He plunged again and again. He also embarked similarly in bidding for unpromising contracts and in buying up estates thrown unexpectedly on the market. All his ventures turned out successfully, he gained great resources for indulging his fad for gems and rare curios, his collection grew and became one of the most famous private collections in Rome. Also his mania for speculation grew as fast as his mania for collecting gems. This led to my exposure to the oddest and most alarming peril which I had run since Agathemer and I crawled through the drain-pipe at Villa Andivia; greater I think, than the risk I ran when I ne
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