A king once died, as kings are apt to do, being as liable to shortness of breath as other mortals.

His father had left him a full treasury, both money and jewels being in abundance. But the foolish king just deceased had squandered every penny in riotous living. He had then taxed his subjects until most of them became paupers, and this money vanished in more riotous living. Next he sold all the grand old furniture in the palace; all the silver and gold plate and bric-a-brac; all the rich carpets and furnishings and even his own kingly wardrobe, reserving only a soiled and moth-eaten ermine robe to fold over his threadbare raiment. And he spent the money in further riotous living.

Don't ask me to explain what riotous living is. I only know, from hearsay, that it is an excellent way to get rid of money. And so this spendthrift king found it.

He now picked all the magnificent jewels from this kingly crown and from the round ball on the top of his scepter, and sold them and spent the money. Riotous living, of course. But at last he was at the end of his resources. He couldn't sell the crown itself, because no one but the king had the right to wear it. Neither could he sell the royal palace, because only the king had the right to live there.

So, finally, he found himself reduced to a bare palace, containing only a big mahogany bedstead that he slept in, a small stool on which he sat to pull off his shoes and the moth-eaten ermine robe.