guessed that quite a lot of young men were intimidated by her, which was probably why she had reached the age of twenty-three without getting married. But Nick Ipswich had a quiet strength that did not need the prop of a compliant wife. Hugh thought they would have a passionate, quarrelsome marriage, quite the opposite of his own.
Nick called, by appointment, at ten, while they were still sitting around the breakfast table. Hugh had asked him to come. Nick sat next to Dotty and took a cup of coffee. He was an intelligent young man, twenty-two years old, just down from Oxford where, unlike most young aristocrats, he had actually sat examinations and got a degree. He had typically English good looks, fair hair and blue eyes and regular features, and Dotty looked at him as if she wanted to eat him with a spoon. Hugh envied their simple, lustful love.
Hugh felt too young to be playing the role of head of the family, but he had asked for this meeting, so he plunged right in. “Dotty, your fiance and I have had several long discussions about money.”
Mama got up to leave, but Hugh stopped her. “Women are supposed to understand money nowadays, Mama — it’s the modern way.” She smiled at him as if he were being a foolish boy, but she sat down again.
Hugh went on: “As you all know, Nick had been planning a professional career, and thinking of reading for the bar, as the dukedom no longer provides a living.” As a banker Hugh understood exactly how Nick’s father had lost everything. The duke had been a progressive landowner, and in the agricultural boom of the midcentury he had borrowed money to finance improvements: drainage schemes, the grubbing up of miles of hedges, and expensive steam-powered machinery for threshing, mowing and reaping. Then in the 1870s had come the great agricultural depression which was still going on now in 1890. The price of farmland had slumped and the duke’s lands were worth less than the mortgages he had taken on them.
“However, if Nick could get rid of the mortgages that hang around his neck, and rationalize the dukedom, it could still generate a very considerable income. It just needs to be managed well, like any enterprise.”
Nick added: “I’m going to sell quite a lot of outlying farms and miscellaneous property, and concentrate on making the most of what’s left. And I’m going to build houses on the land we own at Sydenham in south London.”
Hugh said: “We’ve worked out that the finances of the dukedom can be transformed, permanently, with about a hundred thousand pounds. So that is what I’m going to give you as a dowry.”
Dotty gasped, and Mama burst into tears. Nick, who had known the figure in advance, said: “It is remarkably generous of you.” Dotty threw her arms around her fiance and kissed him, then came around the table and kissed Hugh. Hugh felt a little awkward, but all the same he was glad to be able to make them so happy. And he was confident that Nick would use the money well and provide a secure home for Dotty.
Nora came down dressed for the funeral in purple-and-black bombazine. She had taken breakfast in her room, as always. “Where are those boys?” she said irritably, looking at the clock. “I told that wretched governess to have them ready—”
She was interrupted by the arrival of the governess and the children: eleven-year-old Toby; Sam, who was six; and Sol, four. They were all in black morning coats and black ties and carried miniature top hats. Hugh felt a glow of pride. “My little soldiers,” he said. “What was the Bank of England’s discount rate last night, Toby?”
“Unchanged at two and a half percent, sir,” said Tobias, who had to look it up in
Sam, the middle one, was bursting with news. “Mamma, I’ve got a pet,” he said excitedly.
The governess looked anxious. “You didn’t tell me….”
Sam took a matchbox from his pocket, held it out to his mother, and opened it. “Bill the spider!” he said proudly.
Nora screamed, knocked the box from his hand, and jumped away. “Horrible boy!” she yelled.
Sam scrabbled on the floor for the box. “Bill’s gone!” he cried, and burst into tears.
Nora turned on the governess. “How could you let him do such a thing!” she yelled.
“I’m sorry, I didn’t know—”
Hugh intervened. “There’s no harm done,” he said, trying to cool the temperature. He put an arm around Nora’s shoulders. “You were taken by surprise, that’s all.” He ushered her out into the hall. “Come on, everyone, it’s time to leave.”
As they left the house he put a hand on Sam’s shoulder. “Now, Sam, I hope you’ve learned that you must always take care not to frighten ladies.”
“I lost my pet,” Sam said miserably.
“Spiders don’t really like living in matchboxes anyway. Perhaps you should have a different kind of pet. What about a canary?”
He brightened immediately. “Could I?”
“You’d have to make sure it was fed and watered regularly, or it would die.”
“I would, I would!”
“Then we’ll look for one tomorrow.”
“Hooray!”
They drove to Kensington Methodist Hall in closed carriages. It was pouring rain. The boys had never been to a funeral. Toby, who was a rather solemn child, said: “Are we expected to cry?”
Nora said: “Don’t be so stupid.”
Hugh wished she could be more affectionate with the boys. She had been a baby when her own mother died, and he guessed that was why she found it so difficult to mother her own children: she had never learned how. All the same she might try harder, he thought. He said to Toby: “But you can cry if you feel like it. It’s allowed at funerals.”
“I don’t think I shall. I didn’t love Uncle Joseph very much.”
Sam said: “I loved Bill the spider.”
Sol, the youngest, said: “I’m too big to cry.”
Kensington Methodist Hall expressed in stone the ambivalent feelings of prosperous Methodists, who believed in religious simplicity but secretly longed to display their wealth. Although it was called a hall, it was as ornate as any Anglican or Catholic church. There was no altar, but there was a magnificent organ. Pictures and statues were banned, but the architecture was baroque, the moldings were extravagant and the decor was elaborate.
This morning the hall was packed to the galleries, with people standing in the aisles and at the back. The employees of the bank had been given the day off to attend, and representatives had come from every important financial institution in the City. Hugh nodded to the governor of the Bank of England, the First Lord of the Treasury, and Ben Greenbourne, more than seventy years old but still as straight-backed as a young guardsman.
The family were ushered to reserved seats in the front row. Hugh sat next to his uncle Samuel, who was as immaculate as ever in a black frock coat, a wing collar and a fashionably knotted silk tie. Like Greenbourne, Samuel was in his seventies, and he too was alert and fit.
Samuel was the obvious choice as Senior Partner, now that Joseph was dead. He was the oldest and most experienced of the partners. However, Augusta and Samuel hated each other, and she would oppose him fiercely. She would probably back Joseph’s brother Young William, now forty-two years old.
Among the other partners, two would not be considered because they did not bear the Pilaster name: Major Hartshorn and Sir Harry Tonks, husband of Joseph’s daughter Clementine. The remaining partners were Hugh and Edward.
Hugh wanted to be Senior Partner — he wanted it with all his heart. Although he was the youngest of the partners, he was the ablest banker of them all. He knew he could make the bank bigger and stronger than it had ever been and at the same time reduce its exposure to the risky kind of loans Joseph had relied on. However, Augusta would oppose him even more bitterly than she would oppose Samuel. But he could not bear to wait until Augusta was old, or dead, before he took control. She was only fifty-eight: she could easily be around in another fifteen years, as vigorous and spiteful as ever.
The other partner was Edward. He was sitting next to Augusta in the front row. He was heavy and red- faced in middle age, and he had recently developed some kind of skin rash which was very unsightly. He was neither intelligent nor hardworking and in seventeen years he had managed to learn very little about banking. He arrived at work after ten and left for lunch around noon, and he quite often failed to return at all in the afternoon. He drank sherry for breakfast and was never quite sober all day, and he relied on his clerk, Simon Oliver, to keep him out of
