The Counsellor was presiding with much majesty over the diableries of his chums, prudent business men from the Hanseatic ports who had big accounts in the Deutsche Bank or were shopkeepers installed in the republic of the La Plata, with an innumerable family.

He was a warrior, a captain, and on applauding every heavy jest with a laugh that distended his fat neck, he fancied that he was among his comrades at arms.
In honor of the South Americans who, tired of pacing the deck, had dropped in to hear what the gringoes were saying, they were turning into Spanish the witticisms and licentious anecdotes awakened in the memory by a superabundance of beer.

Julio was marvelling at the ready laugh of all these men.

While the foreigners were remaining unmoved, they would break forth into loud horse-laughs throwing themselves back in their seats.

And when the German audience was growing cold, the story-teller would resort to an infallible expedient to remedy his lack of success:-- "They told this yarn to the Kaiser, and when the Kaiser heard it he laughed heartily." It was not necessary to say more.