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ays is very ingenious; but if I may be permitted to raise an objection to the theory, I would ask your majesty why this was not done through the French ambassador? French gold has been used before now in the Scottish Court; and it seems to me that a great nation like France would not stoop to enlist the devices of a charlatan, if this man be a charlatan." "Ah, now we enter the domain of State secrets, Davie, and there is where a king has an advantage over the commoner. Of course I know many things hidden from you which give colour to my surmise. Some while ago the French ambassador offered me a subsidy. Now I am not so avaricious as my grandfather, nor so lavish as my father, and I told the ambassador that I would depend on Scottish gold. I acquainted him with the success of my German miners in extracting gold from Leadhills in the Clydesdale, and I showed him my newly coined pieces. He was so condescendingly pleased and interested that he begged the privilege of having his own bars of metal coined in my mint, in order to disburse his expenses in the coin of the realm, and also to send some of our bonnet-pieces as specimens to France itself. This right of coinage I willingly bestowed upon him; firstly, because he asked it; secondly, I was glad to have some account of his expenditure. When I came in just now I examined these coins closely, and you imagined that I was suspicious of the purity of the metal. This was not so. I told my mint-master to coin all the bars the ambassador gave him, to keep a strict account of the issue, and to mark each piece with the letter 'F' on the margin. I find three of the coins which we received to-night bearing this private mark; therefore, they have passed through the hands of the French ambassador to the alchemist." Sir David gave forth an exclamation of surprise. He left his seat, took the bonnet-pieces from his pocket and placed them under the lamp. "Now," said the king, "you need sharp eyes to detect this mark, but there it is, and there, and there. Let us look a little closer into the object of France. The battle of Flodden was fought when I was little more than a year old; it destroyed the king, the flower of Scottish nobility, and ten thousand of her common soldiers. Who was responsible for this frightful calamity? My mother was strongly against the campaign, which was to bring the forces of her husband in contention with the forces of her brother, at that moment absent in F
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