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vide the necessary money for what we wish." Lord Tancred listened; he thought of his mother's similar argument at breakfast. "You see," the financier went on reflectively, "in life, the wise man always pays willingly for what he really wants, as you are doing, for instance, in your blind taking of my niece. Your old nobility in England is the only one of any consequence left in the world. The other countries' system of the titles descending to all the younger sons, _ad infinitum_, makes the whole thing a farce after a while. A Prince in the Caucasus is as common as a Colonel in Kentucky, and in Austria and Germany there are poor Barons in the streets. There was a time in my life when I could have had a foreign title, but I found it ridiculous, and so refused it. But in England, in spite of your amusing radicalism the real thing still counts. It is a valid asset--a tangible security for one's money--from a business point of view. And Americans or foreigners like myself and my niece, for instance, are securing substantial property and equal return, when we bring large fortunes in our marriage settlements to this country. What satisfaction comparable to the glory of her English position as Marchioness of Darrowood could Miss Clara D. Woggenheimer have got out of her millions, if she had married one of her own countrymen, or an Italian count? Yet she gives herself the airs of a benefactress to poor Darrowood and throws her money in his teeth, whereas Darrowood is the benefactor, if there is a case of it either way. But to me, a sensible business man, the bargain is equal. You don't go to an art dealer's and buy a very valuable Rembrandt for its marketable value, and then, afterwards, jibe at the picture and reproach the art dealer. Money is no good without position, and here in England you have had such hundreds of years of freedom from invasion, that you have had time, which no other country has had, to perfect your social system. Let the Radicals and the uninformed of other lands rail as they will, your English aristocracy is the finest body of thinkers and livers in the world. One hears ever of the black sheep, the few luridly glaring failures, but never of the hundreds of great and noble lives which are England's strength." "By Jove!" said Lord Tancred, "you ought to be in the House of Lords, Francis! You'd wake them up!" The financier looked down at his plate; he always lowered his eyes when he felt things. No
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