"Too late!" Guest declared. "I will tell you some news. I have taken over the lease of this restaurant! I have bought the good-will and effects. I have the papers in my pocket."

The man was struggling with a more than ordinary discomposure.

"You make a joke, sir!" he exclaimed. "The place does not pay well. It is a poor investment. No one would be in such a hurry to take it."

Guest was much concerned.

"A poor investment!" he exclaimed. "We shall see. I have been in America for many years, my nephew and I here, and I have made a little money. I have bought the place and it must pay!"

The expression on the man's face was indescribable. He seemed stricken dumb, as though by some unforeseen calamity. With a half-muttered apology, he left us, and a few moments later we saw him leave the place.

Guest looked at me meaningly.

"We are right then," he murmured. "I felt sure that I could not be mistaken. This is the place they have made their headquarters. That fellow has gone out to fetch somebody. Soon we shall have some amus.e.m.e.nt."

In less than five minutes the waiter returned, and there followed him through the swing doors a man to whom he turned and pointed us out. This newcomer was of almost aggressively foreign appearance. He wore dark clothes, a soft slouch hat; his black moustaches were waxed and upturned.

His complexion was very sallow, and he was in a perspiration, as though with hurrying. He came straight up to us, and bowed politely.

"Is it permitted," he asked in German, "that I seat myself at your table?

There is a little conversation which I should much like to have with you!"

Both Guest and myself rose and returned his bow, and Guest pointed to a seat.

"With much pleasure, sir," he answered. "My name is Mayer, and this is my nephew Schmidt. We have just returned from America."

More bows. The newcomer was exceedingly polite.

"My name," he announced, "is Kauffman. I am resident in London."

"My nephew," Guest continued, "has lived in America since he was a boy, and he speaks more readily English!"

Mr. Kauffman nodded.

"To me," he replied in English, "it is of no consequence. I speak English most. I presume, from what Karl there has told me, that it is your intention to go into the restaurant business in this country."

"Exactly," Guest answered. "I have a little money, and my nephew there knows something of the business. The head-waiter told you, perhaps, that I have taken this place."

"He did," Mr. Kauffman answered. "It is for that reason that I hurried here. I want to give you good advice. I want you not to lose your money."

"Lose my money," Guest repeated anxiously. "No! no! I shall take good care of that. If the books spoke the truth, one does not lose money here!

No! indeed. I want to make a little, and then put in my nephew as manager. Myself I should like to go home in a year or two."

Mr. Kauffman leaned across the table. He spread out his hands, with their tobacco-stained fingers. He was very much in earnest, and he wished us to realize it.

"Mr. Mayer, you will have no money to take back from this place," he declared slowly and emphatically. "On the contrary, you will lose what you have put in. What you saw in the books is all very well, but it proves nothing. Amongst a certain community this place has become a meeting-house. It was to see and talk with old Muller that they came. A social club used to meet here--there is a room out behind, as you know.

If a stranger comes here, it will be broken up, his friends will all eat and drink elsewhere!"

"But the good-will," Guest declared, "I bought it! I have the receipt here! I have paid good money for it."

Mr. Kauffman struck the table with his open hand.

"Not worth the paper it is written on, sir!" he exclaimed. "You cannot force the old customers to come. A stranger will lose them all!"

"But what am I to do?" Guest asked uneasily. "If what you say is true, I am a ruined man."

"I will swear by the Kaiser that it is true," Mr. Kauffman declared.

"Now, listen. I will tell you a way not to lose your money. I myself had meant to take over this place. It would have been mine before now, but I never dreamed that any one else would step in. I know all the customers, they are all my friends. I will take it over from you at what you paid for it. No! I will be generous. I will give you a small profit to make up for the time you have wasted."

Guest's expression changed. He beamed on the other and adopted a knowing air.

"Aha!" he said, "I begin to understand. It is a matter of business this.

So you were thinking of taking this restaurant, eh?"

Kauffman nodded.

"For me it would be a different affair altogether," he said hastily. "I have explained that."

Guest still smiled.

"I think, Mr. Kauffman," he said, "that I have made a good bargain. I am very much obliged to you, but I think that I shall stick to it!"

Mr. Kauffman was silent for several moments. The expression upon his face was not amiable.

"I understand," he said at last. "You do not believe me. Yet every word that I have spoken to you is truth. If a stranger becomes proprietor of this restaurant, its business will be ruined."

"No! no!" Guest protested. "They will come once to see, and they will remain. The chef, the waiters, I keep them all. There will be no alterations. The social club of which you spoke--they can have their room! I am not inquisitive. I shall never interfere."

"Mr. Mayer," Kauffman said, "I will give you fifty pounds for your bargain!"

Guest shook his head.

"I shall not sell" he answered. "I want my nephew to learn the business, and I want to go home myself soon. I have no time to look out for another."

"One hundred!"

"I shall not sell," Guest repeated obstinately. "I am sorry if you are disappointed."

Mr. Kauffman rose slowly to his feet.

"You will be sorry before very long that you refused my offer," he remarked.

Guest shook his head.

"No!" he said, "I think not. The people will come where they can eat well and eat cheaply. They shall do both here."

Kauffman remained for a few more minutes at our table, but he did not return to the subject. After he had left us with a somewhat stiff bow, he went and talked earnestly with Karl, the little head-waiter. Then he slowly returned.

"Mr. Mayer," he said, "I'm going to make you a very rash offer. I will give you 200 profit on your bargain."