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“You are within your rights,” returned the Merchant, “rise therefore and come.”

So saying, he led Eliezer to the Chiesa dell’ Orto, near the spot called the Field of the Moors. Arrived there and pointing to the figure of the Madonna, which stood above the High Altar, the brow wreathed with a circlet of precious stones and the shoulders covered with a gold-broidered mantle, holding in her arms the Child Jesus sumptuously adorned like his mother, the Merchant said to the Jew:

“Yonder is my security.”

Eliezer looked with a keen eye and a calculating air first at the Christian Merchant, then at the Madonna and Child; then presently bowed his head in assent and said he would accept the pledge offered. He returned with Fabio to his own house, and there handed him the five hundred ducats, well and truly weighed:

“The money is yours for a year. If at the end of that time, to the day, you have not paid me back the sum with interest at the rate fixed by the law of Venice and the custom of the Lombards, you can picture yourself, Fabio Mutinelli, what I shall think of the Christian Merchant and his security.”

Fabio, without a moment’s loss of time, bought ships and loaded up with salt and other sorts of merchandise, which he disposed of in the cities of the Adriatic shore to great advantage. Then, with a fresh cargo aboard, he set sail for Constantinople, where he bought carpets, perfumes, peacock feathers, ivory and ebony. These goods his agents exchanged along the coasts of Dalmatia for building timber, which the Venetians had contracted for from him in advance. By these means, in six months’ time, he had multiplied tenfold the amount the Jew had lent him.

But one day that he was taking his diversion with some Greek women, aboard his vessel, which lay in the Bosphorus, having put out too far to sea, he was captured by pirates and carried prisoner to Egypt, though, by rare good fortune, his gold and merchandise were in a safe place all the while. The pirates sold him to a Saracen lord, who putting him in fetters, sent him afield to till the wheat, which grows very finely in that country. Fabio offered his master to pay a heavy ransom, but the Paynim’s daughter, who loved him and was fain to bring him to the end she desired, over-persuaded her father not to let him go at any price. Reduced to the necessity of trusting to himself alone for release, he filed his irons with the tools given him for tilling the ground, made good his escape to the Nile and threw himself into a boat. Casting loose, he got to the sea, which was not far off, and when on the point of death from thirst and hunger, was rescued by a Spanish vessel bound for Genoa. But, after keeping her course a week, the ship was caught in a storm which drove her on the coast of Dalmatia. In making the shore, she was wrecked on a reef. All the crew were drowned except Fabio, who reached the beach after much difficulty, clinging to a hen-coop. There he lay senseless, but was presently succoured by a handsome widow, named Loreta, whose house was upon the seashore. She had him carried to it, put him to bed in her own chamber, watched over him and lavished every care for his recovery.

On coming to himself, he smelt the perfume of myrtles and roses, and looking out of window saw a garden that descended in successive declivities to the sea. Signora Loreta, standing at his bed’s head, took up her viol and began playing a tender air.

Fabio, ravished with gratitude and pleasure, fell to kissing the lady’s hands a thousand times over. He thanked her earnestly, assuring her he was less touched by the saving of his life than by the fact of his owing his recovery to the pains of so fair a benefactress.