"A conspiracy!" laughed the regent, "and Princess Elizabeth to be at the head of it! Believe me, you overwise men, with all your wisdom, never learn rightly to understand women. I, however, am a woman, and I understand Elizabeth. You think that when she kindly chats with the soldiers, and admits the handsome stately grenadiers into her house, it is done for the purpose of conspiring with them. Go to, Count Ostermann, you are very innocent. Princess Elizabeth has but one passion, but it is not the desire of ruling; and when she chats with handsome men, she speaks not of conspiracy, believe me." And, laughing, the regent essayed a new head-dress.

"And how do you explain the secret meetings of Lestocq and the Marquis de la Chetardie?" asked Ostermann, with painfully-suppressed agitation.

"Explain? Why should I seek an explanation for things that do not at all interest me? What is it to me what the surgeon Lestocq has to do with the constantly-ailing French ambassador? Or do you think I should trouble myself about the lavements administered to an ambassador by a surgeon?"

"Well, then, your highness will allow me to explain their meetings from a less medical point of view? France is your enemy, France meditates your destruction, and the Marquis de la Chetardie is exciting the princess and Lestocq to an insurrection."

"And to what end, if I may be allowed to ask?" scornfully inquired Anna.

"France, struggling with internal and foreign enemies, at war with Austria, involved in disputes with Holland and Spain, France would wish at any price to see the Russian government so occupied with her own domestic difficulties as to have no time to devote to international affairs. She would provide you with plenty of occupation at home, that you may not actively interfere with the affairs of the rest of the world. That is the shrewd policy of France, and it would fill me with admiration were it not fraught with the most terrible danger to us. The Marquis de la Chetardie has it in charge to bring about a revolution here at any price, and as an expert diplomatist, he very well comprehends that Princess Elizabeth is the best means he can employ for that purpose; for she, as the daughter of Czar Peter, has the sympathies of the old Russians in her favor, and they will flock to her with shouts of joy whenever she may announce to the people that she is ready to drive the foreign rulers from Russia!"

"Ah, our good Russians," laughingly exclaimed the regent, "they shout only for those who make them drunk, and for that the poor princess lacks the means!"

"The Marquis de la Chetardie has, in the name of his king, offered her an unlimited credit, and she is already provided with almost a million of silver rubles."

"You have a reason for every thing," laughed the regent. "The princess is poor; let the French ambassador quickly provide her with his millions. The good princess, I wish she had these millions, and then she could indulge her love of ornaments and magnificent dresses."

"The marquis has brought her rich dresses and stuffs from Paris," said Ostermann, laconically.

The regent burst into a clear, ringing laugh.

"The marquis is a real deus ex machina," exclaimed she. "Wherever you need him, he appears and helps you out of your trouble. But seriously, my dear count, let it now suffice with these gloomy suspicions. They are already commencing the dance-music, and you will put me out of tune with your croaking. A ball, my dear count, requires that one should be in and not out of tune, and you are pursuing the best course to frighten the smiles from my lips."

"Oh, could I but do that!" cried Ostermann, wringing his hands--"could I but cry in your ear with a voice of thunder: 'Princess, awake from this slumber of indifference, force yourself to act, save your son, your husband, your friends; for we are all, all lost with you!' "

"Oh, speaking of my son," smilingly interposed the regent, "you must see a splendid present which the Emperor Ivan has this day received."

With this she took from a carton a small child's dress, embroidered with gold and sparkling with brilliants, which she handed to the count.

"Only look at this splendor," said she. "The ladies of Moscow have embroidered this for the young emperor, and it has to-day been presented by a deputation. Will not the little emperor make a magnificent appearance in this brilliant dress?"

Count Ostermann did not answer immediately. His face had assumed a very painful expression, and deep signs escaped his agitated breast. Slowly rising from his seat, with a sad glance at the princess, he said:

"I see that your destruction is inevitable, and I cannot save you; you will be ruined, and we all with you. Well, I am an old man, and I pardon your highness, for you act not thus from an evil disposition, but because you have a noble and confiding heart. Believe me, generosity and confidence are the worst failings with which a man can be tainted in this world--failings which always insure destruction, and have only mockery and derision for an epitaph. You are no longer to be helped, duchess. You are on the borders of an abyss, into which you will smilingly plunge, dragging us all after you. Well, peace be with you! My sufferings have lately been so great, that I can only thank you for furnishing me with the means of quickly ending them! Madame, we shall meet again on the scaffold, or in Siberia! Until then, farewell!"

And, without waiting for an answer from the regent, the old man, groaning, tottered out of the room.

"Thank Heaven that he is gone!" said Anna, drawing a long breath when the door closed behind him. "This old ghost-seer has tormented me for months with his strange vagaries, which weigh upon his soul like the nightmare! Happily, thy letter, my beloved, has filled my whole heart with the ecstasy of joy, else would his dark and foolish prophecies be sufficient to sadden me."

Thus speaking, the princess again drew Count Lynar's letter from her bosom and pressed it to her lips. Then she called her women to dress her for the ball.