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e joyous Bosphorus in the light caique of commerce. I am rather glad I have submitted. I think that Hermione's affection is serious,--she looks ill, poor child,--and I want to see more of Paul before deciding. Of course, with Macaulay in one embassy and Paul in another, we shall see everything; and Mary says I am growing crusty over my books. You understand now how all this has occurred. Now I want your advice, for you not only know Constantinople, but you are living there. Do you advise us to come at once and spend the spring, or to come later and stay all summer? Is there anything to eat? Must I bring a cook? Can I get a house, or must we encamp in a hotel? What clothes does one wear? In short, tell me everything you know, on a series of post cards or by telegraph,--for you hate writing letters more than I do. I await your answer with anxiety, as we shall regulate our movements by what you say. All send affectionate messages to you and to Paul, to whom please read this letter. Yours ever, JOHN CARVEL. * * * I had not recovered from my astonishment in reading this long epistle, when Gregorios came in and sat down by the fire. His entrance reminded me of the watch, and for the moment banished John Carvel and his family from my thoughts. I showed him the thing, and told him what Marchetto had said. "We have him now!" he exclaimed, examining the name and date with interest, though he could not read the Russian characters. "It is not so sure," I said. "He will never tell the name of the negro." "No; but we can see the fellow easily enough, I fancy," returned Balsamides. "You do not know how these things are done. It is most probable that Marchetto has not paid him for the watch. Things of that sort are generally not paid for until they have been sold out of the shop. Marchetto would not give him a good price for the watch until he knew what it would fetch, and the man would not take a small sum because he believes it to be valuable. The chances are that the Lala comes from time to time to inquire if it is sold, and Marchetto shows it to him to prove that he has not got any money for it." "That sounds rather far-fetched," I observed. "Marchetto may have had it in his keeping ever since Alexander disappeared. The Lala would not wait as long as that. He would take it to some one else." "No, I do not believe so," said Gregorios thoughtfully. "Besides, it may not have been brought to the Jew more than a week
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