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[Footnote 4: Hookah: a kind of pipe for smoking tobacco, used in Eastern Europe and Asia.]

“That is true,” replied the prince, “and if I had not seen and handled this gold, perhaps I might not find its merits so hard to understand; but I possess it in abundance, and it does not feed me, nor make music for me, nor fan me when the sun is hot, nor cause me to sleep when I am weary; therefore when my slaves have told me how merchants go out and brave the perilous wind and sea, and live in the unstable ships, and run risks from shipwreck and pirates, and when, having asked them why they have done this, they have answered, ‘For gold,’ I have found it hard to believe them; and when they have told me how men have lied, and robbed, and deceived; how they have murdered one another, and leagued together to depose kings, to oppress provinces, and all for gold; then I have said to myself, either my slaves have combined to make me believe that which is not, or this gold must be very different from the yellow stuff that this coin is made of, this coin which is of no use but to have a hole pierced through it and hang to my girdle, that it may tinkle when I walk.”

“Notwithstanding this,” said the old man, “nothing can be done without gold; for it is better than bread, and fruit, and music, for it can buy them all, since all men love it, and have agreed to exchange it for whatever they may need.”

“How so?” asked the prince.

“If a man has many loaves he cannot eat them all,” answered the old man; “therefore he goes to his neighbor and says, ‘I have bread and thou hast a coin of gold–let us exchange;’ so he receives the gold and goes to another man, saying, ‘Thou hast two houses and I have none; lend me one of thy houses to live in, and I will give thee my gold;’ thus again they exchange.”

“It is well,” said the prince; “but in time of drought, if there is no bread in a city, can they make it of gold?”

“Not so,” answered the old man, “but they must send their gold to a city where there is food, and bring that back instead of it.”

“But if there was a famine all over the world,” asked the prince, “what would they do then?”

“Why, then, and only then,” said the old man, “they must starve, and the gold would be nought, for it can only be changed for that which is; it cannot make that which is not.”

“And where do they get gold?” asked the prince. “Is it the precious fruit of some rare tree, or have they whereby they can draw it down from the sky at sunset?”

“Some of it,” said the old man, “they dig out of the ground.”

Then he told the prince of ancient rivers running through terrible deserts, whose sands glitter with golden grains and are yellow in the fierce heat of the sun, and of dreary mines where the Indian slaves work in gangs tied together, never seeing the light of day; and lastly (for he was a man of much knowledge, and had travelled far), he told him of the valley of the Sacramento in the New World, and of those mountains where the people of Europe send their criminals, and where now their free men pour forth to gather gold, and dig for it as hard as if for life; sitting up by it at night lest any should take it from them, giving up houses and country, and wife and children, for the sake of a few feet of mud, whence they dig clay that glitters as they wash it; and how they sift it and rock it as patiently as if it were their own children in the cradle, and afterward carry it in their bosoms, and forego on account of it safety and rest.