undisputed might,-he spake the Lombards free, and struck with them a lasting peace.

At Mainz he gathered his whole Reich around him; all his feudatories, from the first to the last, he fain would greet once more: the clergy and the laity surrounded him; from every land Kings sent ambassadors with precious gifts, in homage to his Kaiser-might. But Palestine sent forth to him the cry to save the Holy Tomb.-To the land of morning Friedrich turned his gaze: a force resistless drew him on toward Asia, to the cradle of the nations, to the place where God begat the father of all Men. Wondrous legends had he heard of a lordly country deep in Asia, in farthest India,-of an ur-divine Priest-King who governed there a pure and happy people, immortal through the nurture of a wonder-working relic called 'the Holy Grail.'- Might he there regain the lost Sight-of-God, now garbled by ambitious priests in Rome according to their pleasure?-

The old hero girt him up; with splendid retinue of war he marched through Greece: he might have conquered it,-what booted that?-unresting he was drawn to farthest Asia. There on tempestuous field he broke the power of the Saracens; unchallenged lay the promised land before him; he could not wait for the construction of a flying bridge, but urged impatient Eastwards,-on horse he plunged into the stream: none saw him in this life again.

Since then, the legend went that once the Keeper of the Grail had really brought the holy relic to the Occident; great wonders had he here performed: in the Netherlands, the Nibelungen's ancient seat, a Knight of the Grail had appeared, but vanished when asked forbidden tidings of his origin;-then was the Grail conducted back by its old guardian to the distant morning-land;-in a castle on a lofty mount in India it now was kept once more.

In truth the legend of the Holy Grail, significantly enough, makes its entry on the world at the very time when the Kaiserhood attained its more ideal direction, and the Nibelung's Hoard accordingly was losing more and more in material worth, to yield to a higher spiritual content. The spiritual ascension of the Hoard into the Grail was accomplished in the German conscience, and the Grail, at least in the meaning lent it by German poets, must rank as the Ideal representative or follower of the Nibelungen-Hoard; it, too, had sprung from Asia, from the ur-home of mankind; God had guided it to men as paragon of holiness.

It is of the first importance that its Keeper was priest and king alike, that is, a Master (Oberhaupt) of all Spiritual Knighthood, such as was introduced from the Orient in the twelfth century. So this Master was in truth none other than the Kaiser, from whom all Chivalry proceeded; and thus the real and ideal world-supremacy, the union of the highest kinghood and priesthood, seemed completely attained in the Kaiser.

The quest of the Grail henceforth replaces the struggle for the Nibelungen-Hoard, and as the occidental world, unsatisfied within, reached out past Rome and Pope to find its place of healing in the tomb of the Redeemer at Jerusalem,-as, unsatisfied even there, it cast its yearning gaze, half spiritual half physical, still farther toward the East to find the primal shrine of manhood,-so the Grail was said to have withdrawn from out the ribald West to the pure, chaste, reachless birth-land of all nations.-

To pass the ur-old Nibelungen-saga in review, we see it springing like a spiritual germ from an oldest race's earliest glance at Nature (Naturanschauung); we see this germ develop to a mighty plant on ever more material soil, especially in the Historic evolution of the saga, so that in Karl the Great it seems to thrust its knotty fibres deep into the actual earth; till finally in the Wibelingian Kaiserdom of Friedrich I. we see this plant unfold its fairest flower to the light: with him the flower faded; in his grandson Friedrich II., the highest mind of all the Kaisers, the wondrous perfume of the dying bloom spread like a lovely fairy-spell through all the world of West and East; till with the grandson of the last-named Kaiser, the youthful Konrad, the leafless withered stem was torn with all its roots and fibres from the ground, and stamped to dust.

Historic residue of the Material content of the Hoard, in 'Real Property.'

A shriek of horror rang through every country when the head of Konrad fell in Naples to the blows of that Charles d'Anjou who in every lineament presents the perfect archetype of all post- Wibelingian Kinghood. He sprang from the oldest of the newer royal races: in France the Capets had long succeeded to the last French Carlovingian. Hugo Capet's origin was well beknown; everybody knew what his race had been before, and how he arrived at the throne: cunning, policy, and violence at a pinch, were the tools of him and his successors, compounding for the right they lacked in 'the people's eyes. These Capets, mn all their later branches, were the pattern for the modern King- and Prince-hood: in no belief in ur-racial descent could it seek foundation for its claims; of every prince the world, coeval and posterior, knew by what mere grant, at what purchase-price, or through what deed of violence, he had attained to power, and by what art or means he must contrive to keep it.

With the foundering of the Wibelungen, mankind had been torn from the last fibre whereby it still hung, in a sense, to its racial-natural origin. The Hoard of the Nibelungen had evaporated to the realm of Poetry and the Idea; merely an earthly precipitate remained as its dregs: real property.

In the Nibelungen-myth we found expressed by all the generations who devised, developed and enacted it, an uncommonly clear idea of the nature of property, of ownership. If in the oldest religious view the Hoard appeared to be the splendour of the Earth laid bare to all by day light, we later see it take more compact form as the hero's might-conferring booty, won as guerdon of the bravest, most astounding deed from a vanquished odious adversary. This Hoard, this talisman of might, 'tis true, is henceforth claimed as with hereditary right by the descendants of that godlike hero; yet it has this foremost characteristic, that it is never gained afresh in lazy peace, by simple contract, but only through a deed akin to that of its first winner. Moreover, this constantly- repeated deed of heritage has all the moral meaning of vendetta, of retribution for the murder of a kinsman: so we see blood, passion, love, hate, in short-both physically and spiritually-purely-human springs and motives at work in the winning of the Hoard; man restless and suffering, man doomed to conscious death by his own deed, his victory, and most by his possession, at the head of all ideas of the root-relation of acquirement.-These views, which honoured Man as focus of all power, entirely corresponded with the mode of treating property in actual life. If in earliest antiquity there certainly prevailed the simplest and most natural principle of all, namely that the measure of possession or enjoyment must be meted by man's Need, among conquering nations with excess of goods the strength and prowess of the best-famed fighters became as naturally the measure-giving Subject to the Object of more enjoyable and richer spoils. In the historic Feudal system, so long as it retained its pristine purity, we see this heroic-human principle still plainly voiced: the grant of a fief was merely to this one particular human being who had earned the right to claim reward for some decisive deed, some weighty service. From the moment when a fief became hereditary, the man, his personal excellence, his acts and deeds, lost value,-which passed over to his property: hereditary possession, no longer personal virtue, now gave their standing to his heirs, and the resulting deeper and deeper depreciation of Man, against the higher and higher appreciation of Property, at last took body in the most contra-human institutions, such as those of Primogeniture; from which, in strange perversity, the later Noble drew all conceit and arrogance, without reflecting that by deriving his worth from a stiffened family-possession he was openly disowning any actual human nobleness .

So-after the fall of the heroic-human Wibelungen-this hereditary ownership, then property in general, de facto possession, became the title for all rights existing or to be acquired; and Property gave Man that right which man had theretofore conveyed to property. It was this dreg of the vanished Nibelungen- Hoard, then, that the sobered German lords had kept them: though the Kaiser might soar to the highest peak of the Idea, what clung there to the ground below, the Duchies, Palatinates, Marks and Counties, all ranks and offices enfeoffed by the Kaiser, in the hands of his utterly un-idealistic vassals condensed to mere possession, property. Possession now was consequently Right, and upright was it kept by all Established and Approved being henceforth drawn from that one right on a more and more elaborate system. He who had a share in property, or managed to acquire one, from that instant ranked as a natural pillar of the State (der öffentlichen Macht). But this also must be hallowed: what the most glorious Kaisers had claimed in good faith as their ideal title to rule the world, these practical gentry now applied to their possessions; the old divine ur-right was arrogated to himself by every former crown-official; the God's-decree was expounded by Justinian's Roman Rights, and, to the bewilderment of

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