need to concern himself with careful movement since Van Esselyn, the deaf and dumb master forger, would not awaken unless shaken.

Ikey knew the room off by heart, having often enough visited it before dawn. The remainder of the room contained the engraver's bench with etching tools, a large lock-up cupboard for storing the special paper and precious inks procured from a source in Birmingham, a general work bench, hand press, guillotine, and finally the splendid Austrian-manufactured printing press.

Ikey quickly crossed over to the beautiful press and, kneeling beside it, he pushed down hard on what appeared to be a knot-hole in the floorboard. The board immediately snapped open an inch. Ikey repeated this with similar knot-holes in adjacent and parallel boards until the ends of four short boards stood raised an inch above those surrounding them. Ikey then removed the loose nails and lifted the boards to reveal a steel safe set into the floor, its door facing uppermost.

Ikey quickly worked the combination and removed five copper plates etched with the markings of Bank of England notes of various denominations. The etching for the Bank of England five pound note he immediately placed back in the safe. Then he removed all the counterfeit notes from the safe, save for a small bundle of five pound notes. He locked the safe again and carefully replaced the floor boards, clicking the knots back into place and pushing all but one of the nails back into their slots, so that it was once again firm underfoot. The nail he placed not quite beside the empty hole into which it belonged so that even the most careless searchers might eventually become suspicious.

Ikey spent several minutes more looking about the room and then quietly left, carrying the etching plates and counterfeit notes under his arm. He collected a hemp bag, into which he placed the copper plates and the larger denomination forged notes taken from the safe. Dipping into the interior of his coat he added Mary's ledger, the pewter tankard and the doily, and killing the wick of the bull's eye lamp, he returned it to the scullery, whereupon he let himself out into Bell Alley and back onto Winfield Street. He had less than an hour left before dawn, when the raid was due to take place.

The snow storm seemed to have abated, the wind had dropped and now everything lay quiet, covered in a blanket of fresh snow. But Ikey, his yellow boots crunching on the carpet of white, saw none of the new innocence of his surroundings. Nor did he appreciate the crispness of the clean air which the wind had punched through the rookeries, replacing the foulness which lingered all year, trapped within vile-smelling yellow smog, until the first big snowfall froze the stench, covered the filth and banished the smog. Ikey's mind was otherwise occupied with the problems which lay ahead. In his entire life he had never faced a more difficult situation. If he were to be arrested and convicted on a conspiracy to defraud the Bank of England through forgery, he would be fortunate to escape the hangman's noose. But should this misfortune be avoided it would most certainly be replaced with 'The Boat'. He was sure to get life and be transported to Botany Bay or the new prison island of Van Diemen's Land.

It had been Hannah who had persuaded Ikey to deal in counterfeit money. Ikey recalled how he had at first been most reluctant, but eventually became pleased with the suggestion for all the wrong reasons, the major one used by a nagging Hannah being that the notorious Van Esselyn was deaf and dumb. This, to someone of Ikey's cautious nature, had been what had finally persuaded him.

At first Ikey had insisted on the most basic equipment for the forger, such as could be quickly disposed of in an emergency, but the Liverpool contact grew too greedy and demanded too great a share of the resultant notes. The decision to add the latest in printing machinery finally came about when Ikey discovered a method of obtaining the very paper used by the Bank of England. Furthermore, he had also located a source of inks from Birmingham which closely matched those needed for all the denominations of Bank of England banknotes. The temptation to print on his own had simply been too great and Ikey set about obtaining, mostly from Austria, the machine parts needed for a highly sophisticated press. The only drawback was that such specialised and large equipment could not be easily dismantled, or moved, nor could it be passed off as a press used for printing works of the usual everyday kind.

Ikey cursed his carelessness and his vanity. The location of his forgery business was another of his exquisite ironies. Often a rich banker would be in the process of dalliance, his fat bum pumping up and down, while directly under his squeaking mattress, separated only by a wooden floor, was a sophisticated printing press in the hands of one of Europe's most skilful engravers and designed to rob the very institution to which this pompous and randified gentleman belonged.

Ikey once confided in Mary that he had invented the three 'f' system of profit: 'A modern economic marvel, my dear, fencin', fuckin' and forgery. We take profits from the bottom, the middle and the top, an excellent arrangement, do you not agree? In the basement we make money, in the house proper we employ your plump little pigeons to make riches from downed breeches and at the very top, we store plate, silver and gold taken from the rich by the bold!'

Ikey, although in shit deeper than that which flowed from the two hundred sewerage outlets which spilled into the River Thames, was far from witless in this matter facing him. For example, he had all the documents of rent and receipts for the printing machinery made out in Van Esselyn's assumed name, this being Thomas Thompson. These were all signed by Van Esselyn. Nor did Ikey's name appear, other than as landlord, on any other documents of a formal nature. In the event of a raid, Abraham Van Esselyn, alias Thomas Thompson, would take the blame and Ikey would assume the unlikely role of a rather stupid absentee landlord, hugely astonished to find his premises, hired innocently to a simple printer, so ill-used by this rapacious and untrustworthy foreigner. The fact that the printing press was of such a specialised nature that it immediately condemned its owner as a high- class printer of banknotes he would claim was beyond his limited knowledge of mechanicals and machinery.

Ikey's genius for avoiding disaster was revealed in his arrangements to have the bank's people find Van Esselyn not only with the machinery to print forged notes but with a plate for a five pound note, the mixing inks and some of the notes themselves, though no paper. Van Esselyn was known to the Bank of England, and should he be found with the printing press but with no other evidence of forgery such as engraving tools, at least one etched copper printing plate and some samples of the completed notes they would be forced to conclude that Van Esselyn was not acting alone. That he was being supplied from elsewhere with the further materials needed to create forged banknotes.

This would immediately cast suspicion on his landlord as a known fence and receiver. But if they found the complete means of achieving a forged banknote under the one roof, and evidence that the process was undertaken alone by a known master forger, any barrister defending Ikey could argue that no proof of a conspiracy between the two men existed and that Van Esselyn had acted on his own accord.

Furthermore, while forgery of high denomination notes, those above five pounds, carried the death sentence, this especially for foreigners, the making of notes up to five pounds in value only carried a protracted prison sentence. Ikey had saved Van Esselyn's neck from the hangman's noose and at the same time probably his own.

It was nice planning, for in the eyes of the law and the officers of the Bank of England who wished to be seen accountable to their depositors, Van Esselyn's arrest would effectively put an end to the forgery operation and conveniently supply both a foreign victim and a successful prosecution. A foreign villain was always better news, and one who could be construed as French even more so. With a bit of luck the City might, in time, give up the quest to get Ikey arrested and even if not, once again, in the hands of a good barrister (Ikey could afford the very best), his prosecution in the Old Bailey could be made to look like blatant victimisation.

Ikey's relationship with Van Esselyn had, as far as he knew, never been witnessed by any other person. Though Mary knew of it, she had never actually seen the two men together. So only Van Esselyn and Mary could testify to the connection and both could, if the need arose, be declared hostile witnesses and have their evidence discounted.

Ikey knew full well that no judge would possibly believe this, nor any jury for that matter, but he knew also that the letter of the law was often in direct contrast to its spirit. In the hands of a talented King's Counsel, all the evidence could point to his being the innocent landlord. The paper submitted for scrutiny by his defence, the leases, receipts and ledgers would show clearly that he'd acted only as a property owner hiring his premises for commercial purposes. In fact, it was essential that Van Esselyn do all in his power to implicate Ikey as his partner in crime. In this way counsel could demand evidence to support this assertion, a receipt, note, possibly a witness who had seen them together. Even if the jury convicted Ikey, he would take his case to the Court of Appeal where his 'technical' innocence would be almost certainly upheld by a judge. Ikey's cool head and knowledge of the law

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