Silk and Shadows
of curiosity. "You would be disgraced? Ostracized? Refused admittance to the queen's drawing rooms?"
    As they halted at the edge of the park and waited for traffic to thin, Sara swiveled about and gave him a steely glance. "This time you will not be able to coax me into relenting. I neither need nor desire that mare, nor will I accept such a gift from you. Is that clear?"
    He blinked. Then a wide, slow smile spread across his face. "Perfectly clear, your ladyship. I know when to yield to a superior force."
    Laughing, they rode back to Tattersall's. Lady Sara delighted Peregrine with both her open mind and her occasional stubbornness. While his primary goal was to separate her from Weldon, he hoped that he would also be able to coax her into his bed. It would be a rewarding experience for both of them.
     
    ----

Chapter 4

     
    The day after his excursion to Tattersall's, Peregrine met Sir Charles Weldon for dinner at the City of London Club. Benjamin Slade had said that this particular club was one where leaders of commerce mingled with the top men in government and society; Rothschilds rubbed elbows with prime ministers. Even without that explanation, Peregrine would have known why Weldon patronized the place, for the lofty, dignified building reeked of money, power, and genteel ruthlessness.
    In the days since their first meeting, Peregrine had tempered and buried his fury, and now he could meet his enemy with complete composure. In fact, he found the situation stimulating, like playing chess or some other war game. Weldon's objective was simple: to convince a foreigner to invest money. Peregrine's goal was much more complex; he wanted to foster a spurious friendship with his enemy. Then he would be in a better position to know Weldon's weaknesses, and to exploit them.
    They spoke of trivialities over the lavish and lengthy dinner, then withdrew to a quiet corner of the smoking room and settled down in leather-upholstered wing chairs with port and cigars. "If you want to invest in this country, Your Highness," Weldon said as he trimmed the end of his cigar, "I don't think you can do better than to put your money in railroads. Within the next decade, they will revolutionize modern society. Great fortunes have already been made in railway companies, and more will be made in the future."
    "Great fortunes have also been lost," Peregrine pointed out. An important move in the game was to prove that he was not a rich fool fit only for fleecing. "A couple of years back, there was something of a mania for railway stocks. Then the bubble burst and most of the prices collapsed. Too many small, badly managed companies were fighting each other, building duplicate tracks, wasting their capital, promising service and profits they couldn't deliver."
    Weldon raised his brows, a respectful look on his face. "I see that you have studied the subject. Yes, the industry is currently in a state of reorganization while investors wait and see, but capital is accumulating. In another two or three years, there will be an outburst of investment and building that will make the last mania look tame. For those with the courage to invest now, there will be great profits."
    "Perhaps." Peregrine took a small sip of his port. "Is there a particular railway or project you have in mind?"
    "The London and Southampton," Weldon said immediately. "Southampton is one of the most important ports in the country, and a railroad connecting it with London can't help but be successful. Part of the line was constructed before the company failed last year for lack of funds. Now most of the shareholders are desperate and will accept virtually any offer for their stock. It won't be hard to accumulate a controlling interest. After that, enough new capital will have to be raised to finish building the line, but when it is complete, the L & S will be the most profitable railroad in Britain."
    Elaborately casual, Peregrine knocked ashes from the tip of his cigar. "If the company

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