In the early Seventies when the steam freighters were making their final inroads upon the business of the clipper ships, the house of Griswold and Callendar, Shippers, Importers and Bankers with offices in Liverpool, New York, Marseilles, Bombay and Shanghai, was already on a decline. Already the capital was being shifted into bonds. In these days there remains of this firm no importing business at all but only a great banking house with offices in Wall and Threadneedle Streets and the Boulevard Haussmann; but in the Seventies it was still a great shipping company whose ships circled the globe and dealt alike with Chinese, Indians, Frenchmen, Greeks, and the men of half a dozen other nations. In consequence of these dealings there arose from time to time many disputes, so that always there was some member of the firm on business in a distant quarter of the world. It was to Richard Callendar, the youngest and most vigorous member and the only Callendar in the firm, that most of this traveling fell; and so, in the course of time, he found himself in Constantinople on the business of settling claims with a crafty fellow, one Dikran Leopopulos, whose bank had offices in Calicut and Alexandria with the main house at the Golden Horn.
The contest between the two was drawn out, resolving itself at length into a battle between Yankee shrewdness and Levantine deceit. Leopopulos, a swarthy fellow with narrow green eyes, opened the engagement by an onslaught of hospitality. He entertained his young visitor in the most lavish and Oriental fashion. There were dinners to which the chic foreign world of Constantinople were invited . . . ambassadors, secretaries and their ladies, French, German, English and American, in the banker's palace in Pera; there were pique-niques beside the River of Sweet Waters, and moonlight excursions in caïques propelled by dark oarsmen, on the Bosphorus near the Greek banker's summer palace; and excursions in victorias to the ruins of Justinian's fortifications. He sought as a wily means of gaining his end to dazzle the blond, romantic young American, to coddle him by eastern luxury into a false bargain. And to make the entertainment complete, he
