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THREE:��There it goes around!�� shouted Dick, unheard, excited, as the beam of the hydroplane swung in a wide arc from shore, heading once more back toward Long Island.

THREE:In March, 1796, Mr. Wickham, the British envoy to Switzerland, asked of M. Barth��lemy, by direction of Pitt, whether the French Directory were desirous of entertaining the question of peace. Barth��lemy replied that the Directory would enter into negotiations on the basis of France retaining all the Netherlands won from Austria, which were now annexed to the Republic, and which France would never restore. The reply was certainly insincere. France was as busy as ever by her emissaries undermining the loyalty of all the populations around her on pretence of liberating them. She had worked upon the Swiss, so that it was evident that they would soon fall into her net. She had entered into a treaty with the disaffected in Ireland, namely, Lord Edward Fitzgerald, Wolfe Tone, Arthur O'Connor, and their fellow-conspirators, and the treaty was already signed, and a large fleet and force preparing for the invasion of Ireland. Not only was France on the very eve of invading Ireland, but she had issued a decree prohibiting the introduction of all British manufactures into Holland, Belgium, and the German states on the Rhine, as well as into any of the French colonies, on the severest penalties. Yet, in the face of all these hostile demonstrations, did Pitt send over Lord Malmesbury to endeavour to negotiate a peace. Lord Malmesbury arrived in Paris, on the 22nd of October, with a splendid retinue. The Directory received him haughtily, and commissioned M. Delacroix to discuss the matter with him. Lord Malmesbury insisted on the restoration of the Netherlands to Austria, a point on which the French Government had declared there could be no treaty, and which rendered the embassy, from the first moment, utterly absurd. Delacroix communicated the proposal to the Directory, and the Directory immediately published it, contrary to all the rules of diplomacy, in the Moniteur, Instead of proceeding further with Britain, the Directory immediately dispatched General Clarke, an officer of Irish extraction, and afterwards made Duke of Feltre, under Buonaparte, to Vienna, to treat separately with Austria. This failed, and, of course, with it all failed; though there was much talk between Malmesbury and the Directory on the subject of Britain restoring the French colonies in the East and West Indies, since the restoration of Belgium and Holland was a sine qua non. Thus, as might have been seen from the first, the negotiation was at a deadlock. The King of Sardinia was already in negotiation for peace for himself; and therefore British Ministers did not add to his difficulties by demanding the restoration of Savoy and Nice.