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.