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From Astrakhan, the queen of the Steppes, to Tiflis the queen of the Caucasus, we had a choice of routes.

Only a narrow strip about seven hundred yards wide of fertile wooded soil belongs to the Cossacks. To the north of it begin the sand-drifts of the Nogay or Mozdok steppes, which fetch far to the north and run, Heaven knows where, into the Trukhmen, Astrakhan, and Kirghiz-Kaisatsk steppes.

The big parade of all the thirty thousand men was held that afternoon, and Vixen and I had a good place close to the Viceroy and the Amir of Afghanistan, with high, big black hat of astrakhan wool and the great diamond star in the center.

He came last from Astrakhan, and was designed to go to Tonquin, where I formerly knew him, but has altered his mind, and is now resolved to go with the caravan to Moscow, and so down the river Volga to Astrakhan." "Well, Seignior," says I, "do not be uneasy about being left to go back alone; if this be a method for my return to England, it shall be your fault if you go back to Macao at all."

It is a marvel of accumulated riches, including the crowns of many now defunct kingdoms, such as those of Kazan, Georgia, Astrakhan, and Poland, all heavy with precious stones. The crown jewels of England and Germany combined would not equal in value these treasures. The most venerable of the crowns is that of Monomachus, brought from Byzantium more than eight hundred years ago.

Clearly because he and his fellow buccaneers had buried there the ill-gotten treasure they had gained from piracy. No doubt the Santa Theresa was a gold ship they had waylaid and sunk. At my entrance I had taken a little side table, but the restaurant was filling rapidly. A man stopped beside my table and took off a frogged overcoat with astrakhan trimmings.

He had laboured first in Astrakhan, then for four years and a half in Persia in the service of the Bale mission and afterwards for six years in Siberia. The Scottish mission was suppressed by the Emperor Nicholas about the year 1835, and all the missionaries except two returned home. Of the "Circassian Scotsmen" there were several, most of whom had married Germans.

It was one mass of rich embroidery, crossed by a jewelled belt, bearing a sabre set with precious stones, and upon his head he wore a little Astrakhan fur kepi, surmounted by an egret's plume, like a feathery fountain from a diamond jet.

Although many of them have been for four centuries under Russian rule, they have stubbornly maintained their religious, racial, and cultural identity. Clustered thickly along the Volga, especially at Kazan and Astrakhan, retaining much of the Crimea, and forming a considerable minority in Transcaucasia, the Tartars remained distinct "enclaves" in the Slav Empire, widely scattered but indomitable.

The Marquis of Lambeth has come into the market and bought up two-thirds of the Astrakhan Grand Trunk debenture bonds, just as our house had speculated for the fall. And since it has got wind that the Marquis is sweet upon the concern, the bonds are going up like a skyrocket. Such is life. I thought we had better have our little talk here; it's quieter than in the City.