The Whiskey Rebels (30 page)

“What?”

“I don’t know precisely, but I have seen him consistently shorting six percent government issues—that is, gambling that they will lose value. He is important enough that when he predicts stocks will decline, others presume the same and follow suit.”

“Is that illegal?”

“No,” said Lavien. “Merely interesting.”

A
fter another hour of commotion, the frenzy died down. Men settled at their tables. Clerks ceased their writing. Most of the speculators now turned to the business of drinking tea or left the tavern altogether. Duer sat at a table speaking with a pair of speculators Lavien did not know. All appeared easy and jovial.

“You very obviously want a word with him,” Lavien said. “Let me introduce you.”

“Why are you helping me? I thought you and Hamilton wanted me to keep my distance.”

“Merely showing some respect for a brother of the trade,” he answered, his face typically, troublingly, blank.

I did not believe. I think he knew Duer would prove uncooperative and I would learn there was nothing I could accomplish on my own and that attempting to meddle with a government inquiry would prove a waste of time. It is what I would do, were I in his place.

Duer was in the midst of some tale about how he had extricated himself from the decline of value that the Bank of the United States scrip had suffered the previous summer. According to the little I heard, the value reached a low point and would have caused financial disaster throughout the country had Duer not convinced Hamilton to take action. Once Hamilton did so, the value of scrip rebounded. It was, in other words, the precise opposite of the version Hamilton had told me: namely, that he, the Secretary of the Treasury, had refused to be swayed by friendship and had defied Duer for the benefit of the nation.

The story came to a rather abrupt end when Duer noticed us standing within earshot. He coughed rather ostentatiously into his fist and sipped at his coffee. “Mr. Levine is it? Have I not told you I have no more to say to you?”

“It is Lavien, sir, and I am not here to speak to you myself but to introduce this gentleman. Mr. William Duer, may I present Captain Ethan Saunders.”

“Captain Saunders? Where have I heard that name? Nothing good, I think.” He waved his hand, as though I were a fly to be shooed. “Wasn’t there some business about betraying your country? I’ve no time for traitors.”

“And yet here I am, making time for traders. Ironic, don’t you think?”

He did not answer.

“And what of Jacob Pearson?” I asked. “Have you time for him?”

“Is he here? What of it? He has more to fear from his creditors than I have from him.”

“His creditors?” I said.

Duer clucked like a schoolmaster reviewing some unsatisfactory work. “Have you not heard? Pearson is in dangerous straits. He’s been selling off his properties all over the city, though it shan’t be enough, I’ll warrant. A reckless man, and reckless men always stumble.”

“And what is your connection to him?” I asked.

“I know him from about town, of course. He has proposed business with me on more than one occasion, but I cannot work with one such as he, and his current crisis merely proves my earlier suppositions. Now, I’ve given you more time than you deserve. I must go.”

“One moment, Mr. Duer. Are you familiar with a large Irishman?” I asked. “Bald-pated, red-mustached, muscular?”

“You must have mistaken me for a juggler,” he said, “or perhaps a bearded circus performer. I know no one of that description. Good day.”

He began to walk away from us, and I immediately pushed after him. “Hold,” I called.

He quickened his pace. “Reynolds? Your assistance, if you please.”

I started at the name, for it was that of the man who had paid my landlady to cast me out, and it was the name that had so upset Hamilton. From the corner of the tavern came a rugged fellow, rather tough-looking in his stature and homespun clothes, a large wide-brimmed hat draping over deep-set eyes. The hat shaded his face but did not entirely obscure a massive scar that reached from his forehead, over his eye, and descended to his chin—a wide pink swath of old injury.

He stepped between us and Duer and grinned in a most feral manner, showing us rather pointed teeth. Reynolds was large, in need of a shave, and possessed of an evil breath. “Mr. Duer requests the two of you would be so kind as to fuck off.”

While we were so charmingly engaged, Duer and his friends hurried away, leaving us alone with his ruffian. I might have pushed the issue—with Lavien present, it would have been safe to do so—but there seemed to me no point. I wanted to speak to William Duer, one of the wealthiest men in the country. He could not simply disappear. If I did not get him today, I would soon enough. In any case, I had business enough here.

“Tell me, fellow,” I said, “why would you have me cast from my home? It was the name of Reynolds that the villain gave when he paid my landlady to put me out.”

“Fuck your landlady,” Reynolds offered, by way of helpful explanation.

“While I appreciate your advice,” I answered, “it does not answer my question.”

“Then you must live with confusion,” he said.

Sensing he meant to give me no more, and that he was the sort to delight in crude resistance, I turned my back on this Reynolds and retrieved my porter. I raised it in salute to the ruffian. Content that his master had made his escape, he glowered at us, meeting my gaze and then Lavien’s, making certain to communicate his fierceness before stepping out the front door.

Certainly Reynolds was possessed of no uncommon name; there might be a dozen such or more in town. And yet I was not satisfied this was coincidence. The man who had run me from my rooms called himself Reynolds, but this man looked nothing like what my landlady had described. That man had worn spectacles and possessed gray hair and a gray beard. This man had brown hair, no beard, and no spectacles. Something curious had happened here, and given Hamilton’s violent reaction when I mentioned the name to him, I thought it best to find out.

At once I set down my drink. “Hold here,” I said to Lavien, and left the tavern. When I reached the street, I saw the back of Reynolds, who was already half a block distant. Leonidas sat on a bench out front. I tapped him on the shoulder.

“That man there, he’s important. Follow him, find out where he lives, and anything else about him.”

He nodded and hurried off. I turned to reenter the City Tavern. As I did so, I pushed past a man who appeared, in some distant recess of my mind, familiar. When I turned, I saw he was the frog-faced gentleman I’d observed the previous evening in the Crooked Knight. He had been sitting alone the night before, watching me with his froggish eyes. Now he looked at me, smiled in a knowing way I did not like, and touched the brim of his hat. I had not a moment to think of how to respond, and before I could stop or ask him who he was, he was gone. I had not the luxury of time to dwell upon this man, who might be of no importance at all, only a familiar face, so I headed inside the tavern.

Many of the financial men, having concluded the morning’s trades, were gone or leaving, drifting off to their various homes and offices or retiring to different taverns to conduct more particular business. I rejoined Lavien, who sat sipping his tea, looking pleased with himself.

“Duer,” he said, “does not like to make himself available to men who are not of immediate use to him.”

“He is a speculator and Hamilton is Secretary of the Treasury. Good Lord, he even used to work at Treasury. Cannot he be made to cooperate?”

“With you?”

“Well, ideally, but at least with you. He seems to treat you rather contemptuously.”

“Hamilton’s powers here are limited,” Lavien said. “If Duer does not wish to speak, Hamilton cannot compel him. Of course, Duer takes certain risks in rebuffing Hamilton, but Duer may believe himself too powerful to care.”

“Then they are no longer friends?”

“Oh, I think they are friendly, and Duer will always seek favors and information from Hamilton, but there is a lack of trust. They are like old friends who find themselves on different sides, not precisely during war but certainly during a time of increasing hostility between two nations. Duer wants the United States to emulate Britain, where men of influence have always had their way before the public good.”

“And what does Hamilton want the United States to be like?”

“He wants it to be like itself,” Lavien said, “and that is an ever more challenging goal.”

Lavien was being surprisingly forthcoming, and I could see no reason to withhold any longer the secret I had uncovered. “I suppose so, particularly in light of the threat to his bank.”

He nodded his approval. “You learned of that quickly.”

“How long have you known?”

“We’ve been aware that there may be a plot against the bank for a week now.”

“What sort of plot?”

He shook his head. “We don’t know. The bank itself is located in Carpenters’ Hall, and it could be a threat against the physical space, though I find that unlikely. A move to take over the bank through acquisition of the shares, perhaps. A move to devalue the shares and cause a run. It could be anything.”

“And Duer’s involvement?”

He shrugged. “Likely none that he is aware of. Duer has borrowed a great deal of money from the bank, and he no doubt intends to return to that well again and again. He would not do anything to stop its flow.”

“But you said he owes the bank a great deal of money. Might he not want to see it fail to avoid repayment?”

“That would be like a man setting himself on fire to avoid paying his surgeon’s bill. If the bank were to face some major crisis, all financial instruments would suffer, and that would destroy the market and so destroy Duer. But the fact that he is not involved in a plot does not mean he does not know something. He may know more than he is aware.”

“Again, I must point out that you are being remarkably cooperative.”

“I hope for a trade,” he said.

“Of what sort?”

“Well, I depend upon your honor, for I have already given you what I have to offer—information about Duer and the bank—and now I want something from you, though in giving it to me, you will also be helping yourself.” He took from his pocket a piece of paper and showed it to me. It was written in code, one that looked, on first glance, identical to the simple one I’d cracked the night before.

Lavien whisked it away, before I could even begin to effect a decoding.

“Retrieved from the enterprising Miss Fiddler,” I said.

He nodded. “I could take it to someone at Treasury, but the fewer people who know about it, the more comfortable I will be. It is probable that Jefferson has spies at Treasury. Duer may have men loyal to himself as well. I may not want you involved, but I
do
trust you.”

I nodded, and he handed me the paper again. Without my asking, while I continued to look it over, he brought me a fresh piece of writing paper, a quill, and ink, but I did not need them. I had worked through the code just the night before, and it was fresh in my mind. It took me but a moment to read the following:

WD. JP suspects efforts with Million B. I took action as discussed. D.

Was WD William Duer? JP Jacob Pearson? Who then was D if not Duer, and, perhaps most important, since it appeared to be the heart of the message, what was Million B?

I posed that question to Lavien.

“The Million Bank,” he said, looking thoughtful. “I have not paid it much mind, but it is an effort to capitalize on the current enthusiasm for banks. It will be launched in New York City within the next week or two, but it is regarded by almost everyone as a foolish venture. I cannot think that either Pearson or Duer would have anything to do with it.”

“And yet, here is this note,” I said.

“This note, written by we know not who and intended, if we are to be honest, for the same. It is easy to imagine it is for Duer, but we have no real evidence.”

It was true enough. “Then Duer will have to answer my question,” I said.

“He has made a point of avoiding me. You think he will be less elusive for you?”

“No,” I said. “But I mean to catch him all the same.”

L
ater that evening, I quenched my thirst at the Man Full of Trouble, ate a dinner of cold meats and potatoes, and most likely would have passed the night there had not the barman come to me with a piece of paper.

“Just delivered. It is a message for you.”

I grabbed the paper from his hand. “Very kind,” I murmured. I opened up the note and saw by the dim light of the tavern that it was from Leonidas. He wished to meet me at the corner of Lombard and Seventh. He said it was urgent. I finished my drink and set out.

L
eonidas was leaning against redbrick, puffing upon a pipe, sending up thick clouds of smoke against the light of the streetlamp. “You took your time,” he said.

“I was upon important business.”

“So I smell.”

“You can’t expect a man to reform instantly. Now, what are you doing upon this corner?”