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"Well . . . uh . . . not exactly—"

The count shot his head forward. "How much?" he snapped. "And what's it in—jewels?"

Padway sighed with relief. "Please, my lord, not so fast. It'll take a bit of explaining."

"Your explanation had better be good."

"It's this way, my lord: I'm just a poor stranger in Rome, and naturally I have to depend on my wits for a living. The only really valuable thing I have is those wits. But, with reasonable kind treatment, they can be made to pay a handsome return."

"Get to the point, young man."

"You have a law against limited-liability corporations in other than public enterprises, haven't you?"

Honorius rubbed his chin. "We did have once. I don't know what its status is, now that the senate's authority is limited to the city. I don't think the Goths have made any regulations on that subject. Why?"

"Well if you can get the senate to pass an amendment to the old law—I don't think it would be necessary, but it would look better—I could show you how you and a few other deserving senators could benefit handsomely from the organization and operation of such a company."

Honorius stiffened. "Young man, that's a miserable sort of offer. You ought to know that the dignity of a patrician forbids him to engage in trade."

"You wouldn't engage in it, my lord. You'd be the stockholders."

"We'd be the what?"

Padway explained the operation of a stock corporation.

Honorius rubbed his chin again. "Yes, I see where something might be made of that plan. What sort of company did you have in mind?"

"A company for the transmission of information over long distances much more rapidly than a messenger can travel. In my country they'd call it a semaphore telegraph. The company gets its revenue from tolls on private messages. Of course, it wouldn't hurt if you could get a subsidy from the royal treasury, on the ground that the institution was valuable for national defense."

Honorius thought awhile. Then he said: "I won't commit myself now; I shall have to think about the matter and sound out my friends. In the meantime, you will, of course, remain in Lutetius' custody here."

Padway grinned. "My lord count, your daughter is getting married next week, isn't she?"

"What of it?"

"You want a nice write-up of the wedding in my paper, don't you? A list of distinguished guests, a wood-cut picture of the bride, and so forth."

"Hm-m-m. I shouldn't mind that; no."

"Well, then, you better not hold me, or I shan't be able to get the paper out. It would be a pity if such a gala event missed the news because the publisher was in jail at the time."

Honorius rubbed his chin and smiled thinly. "For a barbarian, you're not as stupid as one would expect. I'll have you released."

"Many thanks, my lord. I might add that I shall be able to write much more glowing paragraphs after that complaint has been dismissed. We creative workers, you know—"

When Padway was out of earshot of the jail, he indulged in a long "Whew!" He was swearing, and not with the heat, either. It was a good thing that none of the officials noticed how near he had been to collapse from sheer terror. The prospect of a stand-up fight wouldn't have bothered him more than most young men. But torture . . .

As soon as he had put his establishment in order, he went into a huddle with Thomasus. He was properly prepared when the procession of five sedan chairs, bearing Honorius and four other senators, crawled up Long Street to his place. The senators seemed not only willing but eager to lay their money on the line, especially after they saw the beautiful stock certificates that Padway had printed. But they didn't seem to have quite Padway's idea of how to run a corporation.

One of them poked him in the ribs and grinned. "My dear Martinus, you're not really going to put up those silly signal towers and things?"

"Well," said Padway cautiously, "that was the idea."

The senator winked. "Oh, I understand that you'll have to put up a couple to fool the middle class, so we can sell our stock at a profit. But we know it's all a fake, don't we? You couldn't make anything with your signaling scheme in a thousand years."

Padway didn't bother to argue with him. He also didn't bother to explain the true object of having Thomasus the Syrian, Ebenezer the Jew, and Vardan the Armenian each take eighteen per cent of the stock. The senators might have been interested in knowing that these three bankers had agreed ahead of time to hold their stock and vote as Padway instructed, thereby giving him, with fifty-four per cent of the stock, complete control of the corporation.

Padway had every intention of making his telegraph company a success, starting with a line of towers from Naples to Rome to Ravenna, and tying its operation in with that of his paper. He soon ran into an elementary difficulty: If he wanted to keep his expenses down to somewhere within sight of income, he needed telescopes, to make possible a wide spacing of the towers. Telescopes meant lenses. Where in the world was there a lens or a man who could make one? True, there was a story about Nero's emerald lorgnette . . .

Padway went to see Sextus Dentatus, the froglike goldsmith who had changed his lire to sesterces. Dentatus croaked directions to the establishment of one Florianus the Glazier.

Florianus was a light-haired man with a drooping mustache and a nasal accent. He came to the front of his dark little shop smelling strongly of wine. Yes, he had owned his own glass factory once, at Cologne. But business was bad for the Rhineland glass industry; the uncertainties of life under the Franks, you know, my sir. He had gone broke. Now he made a precarious living mending windows and such.

Padway explained what he wanted, paid a little on account, and left him. When he went back on the promised day, Florianus flapped his hands as if he were trying to take off. "A thousand pardons, my sir! It has been hard to buy up the necessary cullet. But a few days more, I pray you. And if I could have a little more money on account—times are hard—I am poor—"

On Padway's third visit he found Florianus drunk. When Padway shook him, all the man could do was mumble Gallo-romance at him, which Padway did not understand. Padway went to the back of the shop. There was no sign of tools or materials for making lenses.

Padway left in disgust. The nearest real glass industry was at Puteoli, near Naples. It would take forever to get anything done by correspondence.

Padway called in George Menandrus and hired him as editor of the paper. For several days he talked himself hoarse and Menandrus deaf on How to Be an Editor. Then, with a sinking heart, he left for Naples. He experienced the famous canal-boat ride celebrated by Horace, and found it quite as bad as alleged.

Vesuvius was not smoking. But Puteoli, on the little strip of level ground between the extinct crater of Solfatara and the sea, was. Padway and Fritharik sought out the place recommended by Dentatus. This was one of the largest and smokiest of the glass factories.

Padway asked the doorman for Andronicus, the proprietor. Andronicus was a short, brawny man covered with soot. When Padway told who he was, Andronicus cried: "Ah! Fine! Come, gentlemen, I have just the thing."

They followed him into his private inferno. The vestibule, which was also the office, was lined with shelves. The shelves were covered with glassware. Andronicus picked up a vase. "Ah! Look! Such clearness! You couldn't get whiter glass from Alexandria! Only two solidi!"

Padway said: "I didn't come for a vase, my dear sir. I want—"

"No vase? No vase? Ah! Here is the thing." He picked up another vase. "Look! The shape! Such purity of line! It reminds you—"

"I said I didn't want to buy a vase! I want—"

"It reminds you of a beautiful woman! Of love!" Andronicus kissed his fingertips.