Ethan Saunders

The next morning, Leonidas and I ordered a pot of tea sent up to my room, and with daylight streaming upon my small table, we continued to look over the dozens of pages I’d taken from Freneau. The man had been busy, I will say that much for him, for he had not only several pages of closely written notes but many letters he had evidently borrowed or stolen. These were from and to Duer, and covered many tedious details, some too convoluted or elliptical to be deciphered, but others quite clear. Duer, the letters indicated, was indeed planning on taking control of the Million Bank and using its moment of ascendancy to absorb the Bank of the United States.

Freneau’s documents made clear that Duer had organized a group of traders into what he called a Six Percent Club. These men conspired to bring down the price of the six percent issues that Duer might then buy, obtaining a near monopoly. With the issues out of circulation, their value would rise, increasing Duer’s wealth. Moreover, Bank of the United States scrip holders needed these issues to pay out their shares. If they could not obtain the six percents, they would have to sell the scrip, most likely at a discount. Thus Duer hoped to gain a monopoly on Bank of the United States scrip. He imagined that by the end of the year, he would be the only significant holder of either. He would, in effect, own the American economy.

“Is it not enough to be rich?” Leonidas asked me. “What drives a man to a wealth that will crush all others?”

“It is the dark side of liberty,” I said. “A man is not hindered by what cannot be done, so twisted men like Duer apply that liberty to their greed.”

“But can he actually take over the bank?” asked Leonidas.

“No,” I said. “I don’t think so. There are too many variables, too many things he must juggle. But he can do great damage to the economy, to Hamilton, and ultimately to the country in the process.”

“So what do we do?”

“We stop him.”

“Lavien said not to.”

“He is wrong. Perhaps he is too cautious. He doesn’t know what we do.”

“Then why not tell him?”

“Because this is my fight, Leonidas. Our fight. Duer’s scheme makes a sacrifice of Pearson, and I have sworn to protect his wife. I may hate Pearson, but I must drag him from Duer’s fire if I am to save his wife from penury. I cannot trust that Lavien will see things my way. First we stop Duer, then we tell Lavien what we know.”

He nodded.

My mind was churning, thinking of a thousand things that might be done. “Would you return to Duer’s mansion?” I asked him. “Learn some more from the servants about his plans for Wednesday.”


After Leonidas set off for Greenwich, I took some lunch in the tavern and, rather than sit and drink Duer’s free wine, decided to take a turn about the city to consider my next move. I had not visited New York in several years, and it continued to improve from the sorry state in which the war had left it. Everywhere were new buildings, or buildings under construction, even in winter. Streets that had been no more than muddy alleyways during the war were now lined with magisterial homes. Here and there were old ruins-abandoned houses and barns and, along the river, docks-remnants of the city’s past struggles. These, I had no doubt, would soon enough disappear, lost to new construction and commerce.

I had traveled no more than a block or two from the tavern when I felt that the same shadow had been lurking behind me too long. During the war I had many times been in Philadelphia or New York or other occupied regions, and I was always alert to being followed. It is not a skill one forgets. Thus I sped up, and, feeling that my pursuer must also be speeding, I immediately turned around and headed back.

In doing so, I nearly collided with a tall and decomposing wreck of a man.

“Why,” I said, “’tis Isaac Whippo. Fancy seeing you here. I did not know this was the best part of town to pursue boy buggery.” Why I had taken such a strong dislike to the man eluded me, but I had, and that was enough for now. Perhaps it was because of his absurdly sinister appearance, perhaps because I felt I could treat him badly and get away with it.

Duer’s strange man glared at me but said nothing.

“You may tell Duer that if he wishes to know what I am about, he need only ask. He need not send a cadaver to come spying after me; it is something I don’t like.”

“And I don’t like you,” he said.

“Don’t say so, my good pudendum. Bit of a term of affection in Philadelphia. Strange place, that, but still. As I rather like you, I must shout it to the world.” I then raised my hands and called out to all who passed, “This man is my very dear pudendum!”

Big men, small men, great men, and disentombed men-there is no great difference. Most enter into situations thinking they will have to face this conflict or that. It has ever been my experience that if you present an alternative completely foreign to their expectations, it will end the encounter entirely. So it was with my friend Mr. Whippo. He skulked away like the mummified thing he was.


After being followed by Mr. Whippo, I thought it best to disappear from the street for a short period of time. I therefore chose to divert myself with a visit to Dr. King’s celebrated exhibit on Wall Street to view his living menagerie of creatures. It turned out to be a cramped house of the most unspeakable odor, full of small cages in which raged a variety of unhappy creatures, including a pair of sloths, a pair of porcupines, monkeys of all descriptions, and even a male and female of the species known as orangutans. These were very tall, hairy creatures of a ginger color with uncannily long arms and lugubrious faces. Dr. King himself, making a proprietary pass through the exhibition hall, informed me that these creatures were every bit as intelligent as Negroes, but all my efforts at communication failed, and I ultimately decided his conclusions were overly optimistic.

Once it grew dark, I returned to Fraunces Tavern and sent one of the serving boys upstairs to find Leonidas. He had, he told me, been there for several hours but knew not where to find me, so he had chosen simply to wait. His visit to the Duer mansion had proved to be of little value. He had spoken to the serving staff once again and found them eager to gossip about their master, but in the end they had little to say that we did not already know. The six agents in Duer’s employ were to gather at his house for a meeting at eight o’clock on Wednesday morning, and from there they would proceed to Corre’s Hotel, where the Million Bank’s initial stock would be sold.

As he spoke I sensed a presence nearby, someone listening to our conversation. When I looked up I beheld Philip Freneau, who approached our table looking very pleased with himself. He sat down and stretched his legs out before him comfortably. “You asked if I could find Jacob Pearson,” he said. “It turns out that I can. You are impressed, I can tell. Of course, I have no intention of telling you where he is, but I thought you might be interested to learn that he now knows where you are.”

I said nothing. Leonidas leaned forward, his face only inches away from Freneau. “Are you implying that you are attempting to make certain some harm befalls Captain Saunders?”

He shrugged, apparently quite unafraid of Leonidas. I do not know I would have been so unafraid had he leaned in that way toward me, but Freneau merely smiled. “Oh, no. I am not a violent man and would never promote violence in others. I merely thought you might wish to know that Jacob Pearson appeared, to my eyes at any rate, quite agitated to learn of your presence.”

“What do you want, Freneau?” I asked. “I thought our business was done.”

“And it would have been done had you dealt with me honestly, but it seems that’s not your way, is it, Captain Saunders? Perhaps it is simply not the Hamilton way. I should even have been content to lick my wounds had you only dealt with me as dishonestly as I had at first thought, but when I returned home, I found you had been far more treacherous than I had suspected. You stole documents from my bag, and I would like them returned.”

“Stole from your bag?” I asked. “Good Lord, am I now a thief?”

“You stole them, and I want them back, and if you don’t return them to me you shall be very sorry, sir. I have given you but a hint of the harm I can do you.”

Leonidas poured himself a glass of wine. He was, of course, usually abstemious in his habits, but he knew well enough how to affect a cool demeanor to menacing effect. “Mr. Freneau, please take my advice,” Leonidas said. Even I found his calm unnerving. “Stand up and leave. We have nothing of yours and nothing you want. If Captain Saunders feels threatened, he will call upon me to protect him. You do not want that.”

Freneau’s face did seem to blanch, but he held his ground admirably, I had to admit. “Captain Saunders, I can do you genuine harm, and I don’t mean revealing your whereabouts to a man who hates you already. I can harm you in ways you would not care to think of, as regards your friend and slave. You know of what I speak. Now, return to me the documents you stole, and we shall forget this conversation ever took place.”

Could he know about my liberating Leonidas? I’d told no one, but I was not so naïve as to believe that such information, like all information, could not be bought and sold, if only someone recognized its value. I felt suddenly frightened. The issue at hand was of an act of generosity I had performed, but I understood full well how Leonidas, if the news was presented in a biased manner, might misunderstand my actions.

Seeming to understand my thoughts, Freneau smiled at me. “It is amazing how a man might visit an attorney and not trouble to learn he is a Jeffersonian in inclination.”

“Whatever he tells you,” I said to Leonidas, “is misleading at best. He cannot have all the facts, so let him speak, and we shall sort it out when the rascal leaves us be.” I attempted to sound confident, but I could not hide from myself the feeling of rapid descent from a precipice.

Leonidas stood again and looked at Freneau. “You have nothing to say to interest me.”

“Oh, you will want to hear this,” Freneau assured him.

“No, I won’t. Go,” Leonidas said.

I smiled at Freneau, seeing I had defeated him. Leonidas’s loyalty would win out over any trivial detail.

Freneau stood. “Very well.” He replaced his hat. “I see I am beaten.” He began to walk off but stopped short. “You must know you are a free man, Leonidas, and have been for weeks. Saunders took the trouble to free you, but he did not take the trouble to mention it?” He turned quickly, as if afraid of some punishment leaping out at him, and departed our company.

Leonidas and I watched him go, carefully avoiding each other’s gaze. It seemed to me impossible, given the momentousness of what was just said, that the others in the taproom paid us no mind, yet no eyes fell upon us, and our crisis came without notice. Men gathered in their clusters and drank and spoke and laughed. Life continued all around us, and yet it seemed we were upon a stage, a great light flooding down on us.

At last I turned to look at Leonidas, whose dark eyes were narrow and bloodshot and intense. “Do not say anything else,” he warned.

I leaned back in my seat. “Do make yourself easy, Leonidas. I had hoped to make this a surprise when our task was completed, but I see I must tell you now in order to avoid any resentment. A greater sense of ceremony would have been welcome, but now this will have to do. Yes, I made arrangements with a lawyer. Congratulations, sir, you are a free man.” I raised my glass to toast him.

It was a bittersweet moment, for I hated to let him go, but his freedom was long overdue. I hoped he would, in turn, look upon me in friendship and gratitude. This was not, I told myself, the end of my connection with Leonidas.

Yet the look on his face remained dark, harsh, unforgiving. He glowered and his breathing had quickened, and I understood something had happened, something terrible and unstoppable. “I have been a free man for weeks, and you did not tell me?”

“Well, I meant to, but then this business with Cynthia arose, and I could not spare you. I thought it best to postpone.”

He sucked in air as though he’d been slapped. “You did not trust me to continue to help you of my own accord?”

I stammered like a man explaining away a whore to his wife. “Of course I trusted you, but it hardly seemed necessary to make any big announcements when we had so much with which to concern ourselves. A month or two could hardly make a difference.”

“You had no right to hold a free man in servitude.”

“I think you are taking this out of context,” I said. “You were only free because I freed you. It’s not as though I captured you in the African jungle.”

“It doesn’t matter how I was freed. I was free and you continued to hold me,” he said, rising to his feet. “It is unforgivable.”

“No, no, no, you are focusing on the wrong things. I have reformed, Leonidas. I have freed you. I understand that this is a confusing moment, but you will sort it out. Sit. Have a drink. Let us talk about your plans.”

He remained quiet, in a pose of consideration. His face returned to its more customary sable, and his eyes returned to their traditional oval shape. He blinked at me a few times. Then he said, “I am going upstairs to collect my things, and then I am leaving.”

“What?” Now I stood. “You cannot leave me now. I am in the thick of it. You said I ought to have trusted that you would remain by my side, and now you threaten me with leaving.”

“I make no threats but a pronouncement. I cannot remain with a man who would use me so. Had you told me before, I would stay, but you did not. Goodbye, Ethan.”

I opened my mouth to speak, but he had already turned and I would not demean myself by calling after him like a jilted lover. Instead I sat and poured myself some of Duer’s wine. I sat and waited. I watched as he descended the stairs once more, and I watched as he turned to the door without once looking back toward me. I watched as he walked out into the cold New York night, leaving me entirely alone on the eve of crisis.

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