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immediately dissuaded him. We knew that Captain Alatriste had killed men for a tiny fraction of that amount. He was doubtless imagining, as was I, how many armies could be bought for such a sum. How many harquebuses, how many lives and how many deaths. How many minds and how many consciences.
    Quevedo cleared his throat and then recited in a low voice:
“Life and stealing are the same,
Thieving is no deadly vice,
All that’s worldly has a price,
So take it, filch it, that’s the game.
None is ever stripped and whipped
For stealing silver, gold, or cash;
The poor, alone, deserve the lash.”
    This was followed by an awkward silence. The count was studying his pipe. Finally, he put it down on the table.
    “In order to carry those forty quintals of extra gold, as well as the undeclared silver,” he went on, “the captain of the Virgen de Regla has removed eight of the galleon’s cannon. They say that even so, she’s still very heavily laden.”
    “Who does the gold belong to?”
    “That’s a delicate matter. On the one hand, there’s the Duque de Medina Sidonia, who is organizing the whole operation, providing the ship, and creaming off the largest profits. There’s also a banker in Lisbon and another in Antwerp, and a few people at court. One of them, it seems, is the royal secretary Luis de Alquézar.”
    The captain shot me a glance. I had, of course, told him of my encounter with Gualterio Malatesta outside the royal palace, although I had made no mention of the carriage and the blue eyes I thought I had glimpsed in the queen’s retinue. Guadalmedina and Quevedo, who were, in turn, studying the captain, exchanged a look.
    “The plan,” said the count, “is this: Before unloading officially in Cádiz or Seville, the Virgen de Regla will anchor at Barra de Sanlúcar. The captain and the admiral of the fleet have both been bribed to anchor the ships there for at least one night on the pretext of bad weather or the English or whatever. Then the contraband gold will be transferred to another galleon waiting there—the Niklaasbergen , a Flemish urca from Ostend, with an irreproachably Catholic captain, crew, and owner, which is free to come and go between Spain and Flanders under the protection of our king’s flag.”
    “Where will the gold be taken?”
    “Medina Sidonia’s share and that of the others will go to Lisbon, where the Portuguese banker will keep it in a safe place. The rest will be sent straight to the rebel provinces.”
    “That’s treason,” said Alatriste. His voice was quite calm, and the hand that raised his mug to his lips, wetting his mustache with wine, remained perfectly steady, but I saw his pale eyes grow strangely dark.
    “Treason,” he said again.
    The tone in which he said the word revived recent memories. The ranks of the Spanish infantry standing undaunted on the plain surrounding the Ruyter mill, with the drums beating at our backs, awakening a nostalgia for Spain in those about to die. The good Gallego Rivas and the ensign Chacón, who had died trying to save the blue-and-white-checkered flag beside the Terheyden redoubt. The cry from a hundred men as they emerged at dawn from the canals for the assault on Oudkerk. The men whose eyes were gritty with dirt after fighting hand-to-hand in the narrow mining and antimining tunnels. Suddenly, I, too, felt a desire to drink, and I emptied my mug of wine in one gulp.
    Quevedo and Guadalmedina exchanged another look.
    “That’s how Spain is, Captain Alatriste,” said don Francisco. “You seem to have forgotten during your time in Flanders.”
    “It’s a purely commercial matter,” explained Guadalmedina. “And this certainly isn’t the first time it’s happened. The only difference now is that the king and, even more so, Olivares both distrust Medina Sidonia. The welcome they received two years ago on his estate in Doña Ana, and the lavish hospitality bestowed on them during this present visit, make it clear that don