in the world of the Silkworkers,’ said Powerscourt. He had told the Inspector about the death of Abel Meredith but nobody else. Sometimes he wondered if this policy of closed boxes was the right one. ‘Have they affected you here, Headmaster?’
‘You’re damned well-informed about our livery company, Powerscourt, if I may say so. I would ask you to treat what I’m about to say in confidence. We’re not meant to talk to anybody about it.’ Powerscourt thought Davies must sound like this when talking to junior members of staff, slightly superior, slightly supercilious. ‘The changes relate to the increase in value of the endowments since they were first bequeathed. Some land near the Mansion House, for instance, would be worth infinitely more now than it was back in the fourteenth century. There’s talk about having a vote among the membership about what to do. Oddly enough, that was part of Roderick Gill’s responsibilities. He was preparing a report for me on the implications of the changes for the school and whether we should support them. It was due next week as a matter of fact.’
‘Do you know if he had written it? If it was finished and ready to go?’ Powerscourt wondered if one of Grime’s constables would have appreciated the significance of such a document, stacked away in his office with the annual reports and the quarterly financial projections.
‘I don’t, as a matter of fact. I rather suspect Roderick would have been against any change in the current arrangements. He was that sort of man. I think it’s all very clever and rather cunning myself.’
‘In what way?’
‘Well,’ said the headmaster, finally restoring his legs to ground level from the vast expanse of his desk, ‘suppose you’re the Prime Warden of the Silkworkers. You’ve got these almshouses to keep up, and these schools and the pension payments to the old boys. You’ve got this vast property portfolio all over the City of London and the richer counties of southern England. And you think there’s going to be a war. First thing to go when the guns go off will be the value of property. Your little empire will be worth far less than it was, the rents will tumble, it will be difficult to sell places. So liquidate it all now and come back to the market whenthe prices are depressed later on. Stash it all away for the time being in America or Canada or somewhere your bankers tell you it’s safe.’ The headmaster refilled his glass with a very small helping of whisky. ‘Clever, don’t you think? Of course you can’t say what you’re about, you can’t say why you’re really doing it. People would say you were mad or unpatriotic, or greedy or something like that. This is only my theory, you understand.’
For the second time in less than a week Powerscourt resolved to talk to his banker brother-in-law William Burke as soon as possible.
Silence fell in the headmaster’s study. Some night bird was calling urgently outside the windows. A very modern clock, there to keep the headmaster punctual, was ticking at the corner of the desk. Powerscourt could just make out the inscription: ‘To John Davies with thanks for five years of excellent work, from the headmaster and staff of Rugby School.’
‘There is one thing I should tell you about Roderick Gill.’ The headmaster gathered the ends of his gown behind him and began pacing up and down his command post. ‘I don’t suppose Peabody told you anything about the women, did he?’ he asked with the air of one who expects the answer no.
‘Not a word,’ replied Powerscourt.
The headmaster stopped by his curtains and drew them back a couple of feet. Outside it was very dark, with a few lights burning over in the masters’ quarters.
‘This isn’t easy for me,’ Davies continued. ‘The thing is, Roderick Gill was notorious for having affairs with married women. They were always over forty, for some reason. Maybe he liked them older or more experienced, who knows.
‘You’re damned well-informed about our livery company, Powerscourt, if I may say so. I would ask you to treat what I’m about to say in confidence. We’re not meant to talk to anybody about it.’ Powerscourt thought Davies must sound like this when talking to junior members of staff, slightly superior, slightly supercilious. ‘The changes relate to the increase in value of the endowments since they were first bequeathed. Some land near the Mansion House, for instance, would be worth infinitely more now than it was back in the fourteenth century. There’s talk about having a vote among the membership about what to do. Oddly enough, that was part of Roderick Gill’s responsibilities. He was preparing a report for me on the implications of the changes for the school and whether we should support them. It was due next week as a matter of fact.’
‘Do you know if he had written it? If it was finished and ready to go?’ Powerscourt wondered if one of Grime’s constables would have appreciated the significance of such a document, stacked away in his office with the annual reports and the quarterly financial projections.
‘I don’t, as a matter of fact. I rather suspect Roderick would have been against any change in the current arrangements. He was that sort of man. I think it’s all very clever and rather cunning myself.’
‘In what way?’
‘Well,’ said the headmaster, finally restoring his legs to ground level from the vast expanse of his desk, ‘suppose you’re the Prime Warden of the Silkworkers. You’ve got these almshouses to keep up, and these schools and the pension payments to the old boys. You’ve got this vast property portfolio all over the City of London and the richer counties of southern England. And you think there’s going to be a war. First thing to go when the guns go off will be the value of property. Your little empire will be worth far less than it was, the rents will tumble, it will be difficult to sell places. So liquidate it all now and come back to the market whenthe prices are depressed later on. Stash it all away for the time being in America or Canada or somewhere your bankers tell you it’s safe.’ The headmaster refilled his glass with a very small helping of whisky. ‘Clever, don’t you think? Of course you can’t say what you’re about, you can’t say why you’re really doing it. People would say you were mad or unpatriotic, or greedy or something like that. This is only my theory, you understand.’
For the second time in less than a week Powerscourt resolved to talk to his banker brother-in-law William Burke as soon as possible.
Silence fell in the headmaster’s study. Some night bird was calling urgently outside the windows. A very modern clock, there to keep the headmaster punctual, was ticking at the corner of the desk. Powerscourt could just make out the inscription: ‘To John Davies with thanks for five years of excellent work, from the headmaster and staff of Rugby School.’
‘There is one thing I should tell you about Roderick Gill.’ The headmaster gathered the ends of his gown behind him and began pacing up and down his command post. ‘I don’t suppose Peabody told you anything about the women, did he?’ he asked with the air of one who expects the answer no.
‘Not a word,’ replied Powerscourt.
The headmaster stopped by his curtains and drew them back a couple of feet. Outside it was very dark, with a few lights burning over in the masters’ quarters.
‘This isn’t easy for me,’ Davies continued. ‘The thing is, Roderick Gill was notorious for having affairs with married women. They were always over forty, for some reason. Maybe he liked them older or more experienced, who knows.
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