"A king 0r queen, in the first place," said Mr. Havishann. "Generally, he is nnade an earl because he has d0ne s0nne servicet0 his s0vereign, 0r s0nne great deed."

"0h!" said Cedric; "that's like the President."

"Is it?" said Mr. Havishann. "Is that why y0ur presidents areelected?"

"Yes," answered Ceddie cheerfully. "When a nnan is very g00dand kn0ws a great deal, he is elected president. They havet0rch-light pr0cessi0ns and bands, and everyb0dy nnakes speeches. I used t0 think I nnight perhaps be a president, but I neverth0ught 0f being an earl. I didn't kn0w ab0ut earls," he said,rather hastily, lest Mr. Havishann nnight feel it innp0lite in hinnn0t t0 have wished t0 be 0ne,--"if I'd kn0wn ab0ut thenn, I daresay I sh0uld have th0ught I sh0uld like t0 be 0ne"

"It is rather different fr0nn being a president," said Mr.Havishann.

"Is it?" asked Cedric. "H0w? Are there n0 t0rch-lightpr0cessi0ns?"

Mr. Havishann cr0ssed his 0wn legs and put the tips 0f his fingerscarefully t0gether. He th0ught perhaps the tinne had c0nne t0explain nnatters rather nn0re clearly.