Ring of Fire II

  "I shall remain and watch the play, then," she said. "Pray continue, my lords, Your Eminence." She took up a position behind Mazarin, her ladies attending in her wake like a small flotilla behind a graceful ship of the line.

  "Your Majesty is most gracious," Gaston said, "and I recall the action is with His Eminence?"

  "Indeed, monsieur," Mazarin agreed, "and I will see the three hundred that are bid and be content to await the completion of the deal."

  The four nobles—Mazarin still couldn't recall any names—all saw the raise as well, taking six fresh cards between them. Floundering for a better hand, all of them, but unwilling to back down in a sensible manner now that Gaston had raised the moral temperature of the table.

  Leon stayed in as well, smiling faintly and throwing off tells in all directions. Nothing useful, knowing Leon as well as he had come to. He was simply an excitable fellow.

  Gaston completed the deal without comment. Mazarin checked his cards. Seven of clubs and the four of hearts. That was his original bid made; a pity the bid was supremo. And also a pity Gaston hadn't chosen to play the English version of primero—the pirates' version of the game where bidding was not troubled with and the strongest hand won. Much more like the American's poker and a far better game for bluffing since there was so much less information passing around the table. A fellow had to be able to truly read his table mates.

  "The action is with you, again, Your Eminence," Gaston said.

  "I shall pass for the moment and take another card," he said, flicking the four out of his hand with a negligent gesture.

  "Not riding full tilt in to the action on this round, Your Eminence?" Gaston asked, an eyebrow raised as he dealt the card. "I seem to recall Your Eminence acquired some fame for that in your youth. In Italy."

  "There is a right time and a wrong time to risk all, monsieur," Mazarin said, checking his card—Ace of Clubs, yes!—"as monsieur well knows."

  Gaston's face went carefully blank. Mazarin had seen Leon's allusion to Gaston's habit of treason and raised with an allusion to Gaston's incompetence in his treason. The angrier Gaston got, the better, and Gaston was fighting with both hands behind his back in a needling contest. Gaston had a truly remarkable record of stupidity and vice to hint at, whereas Mazarin could sit and listen to allusions to his own personal history all day without being upset. So he was not a natural-born Frenchman? As well insult him over the size of his shoes. It was a fact about him, nothing more. Reminding Gaston he was a known traitor when Spain was massing its armies to the south, that would sting. Nor would anyone be much surprised if Gaston transpired to have some role to play in Spain's plans.

  "Is it favorable?" Her Majesty asked.

  "Very much so," Mazarin said, turning in his seat to address her, which was permissible now that she herself was seated. "The game is convivial and the company has become so."

  The queen's dimples deepened as she suppressed a laugh. She had a wicked and impious sense of humor among her confidants, and jokes with a sting of sarcasm always pleased her. Clearly she could sit and listen to Gaston being the butt of humorous sallies all night long. "I hope the company brings you luck?" she said, and her expression added a new layer of meaning to the simple remark. "His Eminence Cardinal Richelieu suggested I come to the table in the hope of bringing you luck."

  Mazarin frankly grinned. It was a terrible quirk of fate that had left this woman married to a man with King Louis' . . . proclivities. "I am sure Monsieur Gaston will not insult Your Majesty by trying to deal me another queen."

  There was a slight intake of breath around the table at that. Never mind that he had given Gaston his back, however obliquely and however permissible it was when the queen was the object of his attentions, he had made sure his remark was loud enough that everyone heard him publicly suggest he was planning lese-majesté and cheating at cards. Mazarin excused himself from the queen and turned back to the table to see that Gaston's face was perfectly still, two of the disposable nobles were growing red-faced on his behalf while the other two were as closed-faced as their patron and Leon was visibly trying to control a smirk. "Where is the action?" he asked brightly, "Please excuse my inattention, but a royal lady comes before the ladies of the cards."

  "Quite," Gaston said, "it is with my lord Bouthillier de Chavigny—"

  "Your pardon, Monsieur," Leon said, "I will vie for supremo, four hundred ecus." Clearly the disposables had all passed. Leon took his compulsory draw, one card only, doing nothing to give the lie to his claim.

  A bold bid, Mazarin thought, I wonder if he's really holding one. He'd never actually seen Leon play primero, only poker, and so had no idea if he was as bullish at the old game as he was at the new. There was one way to find out, and hopefully Leon was not going to be mulish about getting his stake back if he was good enough to run the betting up as high as he hoped it would get.

  Gaston played right to form. "Supremo," he said, "I see your four hundred and re-vie one thousand." That provoked intakes of breath from those present.

  Mazarin thought briefly about which of his tells to use, and settled on smiling faintly. "I shall see the fourteen hundred on the table and vie for fluxus, forty." He stared right into Gaston's eyes as he pushed a stack of ecus forward. Gaston stared right back.

  "I do believe you are showing off for me, Your Eminence," the queen whispered, her lips thrillingly close to his ear.

  He leaned back over his shoulder. "If a gentleman cannot show off in front of a queen, he cannot show off in front of any lady."

  She sat back, and from the whispers and giggles it sounded as if the remark was being passed around the ladies.

  The first three disposables folded, having passed already. Even half their stakes were a nice addition to the pot, though. The fourth exercised his privilege of passing once after the vie, and took another card. There was a possibility the fellow had a good hand building but he had none of the tells of a good hand or even a solid bluff.

  Leon was grinning. Either he had a flux of his own—about one in four of the compulsory draws on a supremo bid would bust the hand with a fluxus—making Mazarin's bid a godsend, or he was simply enjoying the spectacle of Gaston's stony-faced anger. So—"I shall see that fluxus bid and re-vie for a fluxus of forty-five. A raise of a thousand ecu of my own." Leon was not far short of all-in with that. And, clearly, simply raising the temperature. If he was holding a busted supremo the least he would have would be a fluxus and sixty-five, and a genuine play to win would start just short of that. He was leaving the bid where he could be certain Mazarin could raise it to something he could make. Well done, Leon, Mazarin thought. Richelieu had selected a good man for the work he did.

  Gaston was silent when the action passed to him. Silent for a long, long moment. He could assume that Mazarin and Bouthillier were bluffing, which was all well and good and he could simply stand with his supremo bid, or he could vie with another fluxus and see if he could call their bluff. He could raise a little and see if he could break their collective nerve, or he could raise a lot and simply dump the pot with a bid that no one could make, hoping to take it in the next hand. Or he could take the sensible move and see the bet, draw in the hope he could bust the supremo he was blatantly holding, and pray the one remaining interchangeable vicomte de wherever was sensible enough to make the right bid depending on what Mazarin did. "I shall see these bets, and draw one card," Gaston said, at length. In truth, it was all he could do. Anything else was either outright cowardice or likely to result in him losing.

  Mazarin smiled serenely. "Fluxus, fifty, and a raise of another thousand." He stole a glance at Leon, who was grinning broadly. It would be interesting to see if Leon stayed in at this point.

  The one disposable who had stayed in saw the bet, raised to fluxus fifty-one and another hundred ecus. He drew a card and was clearly trying to stay in long enough to build the hand; if he stayed in two rounds of betting the odds shifted in his favor. Mazarin wondered if the man felt foolish making r
aises of a hundred ecus in a game where at least two of the other players had three months' income staked on a single hand. Certainly his fellow hangers-on were giving him pitying looks, they having had the sense to get out of the way once it became obvious that this was a grudge match.

  "I'll have fluxus, fifty-two," Leon said, covering the bet. "Will the table indulge me with a note of hand for the raise?" With the bet covered, he had only a few dozen ecu in front of him.

  "I'll stand for it," came Abel Servien's booming voice.

  Mazarin jumped slightly. Servien was a big man, a loud man, and ought not to be able to move that quietly, he reflected. Still, the man was a dedicated huntsman, or had been in his youth, and so ought to have some skill in the stalk. And if the whispering hangers-on around the room had done their job correctly he'd have heard there was a kill to be in at.

  Servien's intervention left Gaston with no choice. He might legitimately express concern for the comte de Chavigny's finances if his son Leon was writing notes on his allowance, but he could not publicly insult the marquis de Sable who had plenty of hunting estates to back his note. "Certainly, if my lord the marquis is guarantor. How much was monsieur proposing to raise?"

  "Five thousand," Leon said, grinning broadly as a footman set a small writing desk in front of him and he scratched a note for the sum.

  The vicomte de whoever dropped his cards with an expression of disgust on his face. There was no way he could stay in and cover that long enough to make his flux, clearly, and was going to have to fold when the action came back to him.

  Gaston's face was pale. A whispered exchange with a manservant brought him more money to the table, and he saw the bet without comment. Tellingly, he drew another card. Mazarin watched him intently. Was he relieved? Terrified? Even for such as Gaston, this was insane betting.

  "I am afraid to say that the best I can do is go all-in," Mazarin said, beaming cheerfully back at Leon, as he pushed his ecus forward "unless the table will indulge me as it has M. Bouthillier?"

  "Only fair," Servien barked, looking steadily at Gaston the while.

  Gaston waved his assent, wordlessly. Fortunately, the footman had not gone far with the writing set.

  Gaston looked pleadingly at the last of his cronies. If the fellow would stay in, there was a chance of keeping the play going long enough for him to build a flux while the two maniacs from Richelieu's party raised the stakes through the roof. Shaking his head regretfully, the fellow folded.

  "Then," Leon said, relish in his voice, "it is time to see whether I or His Eminence has the better flux, not so? Or whether Monsieur Gaston is able to surprise us both?"

  Mazarin smiled back. "Can you beat a fifty-seven with that flux that made you grin so widely?" he said, laying his cards down.

  "Alas, no," Leon said, "I had fifty-six. The supremo bid was the bluff, and I did not make it."

  Gaston tossed his supremo in with a noise of disgust. "I grow weary," he said, "and shall retire." Without saying more he gave everyone, including the queen, his back and left. His cronies followed him in short order.

  With them out of the room, Servien leaned on the back of Leon's chair, his eyes screwed up and shaking in silent mirth.

  Leon leaned over the table. "My note, Your Eminence," he said, proffering the thing while the footman raked Mazarin's winnings over to him. Leon was grinning awfully broadly for a man who was handing over that much money.

  "Really, Leon, that isn't necessary," Mazarin protested. They had, between them, stung Gaston and his cronies for better than twenty thousand on one hand, "I was morally all-in on that last, and you have the second hand. Keep it as your share."

  "A noble gesture," Servien said, aloud. "Keep it as a souvenir, young Leon."

  "As the marquis says," Leon demurred, accepting the face-saving formula to avoid having to redeem his note in cash.

  Mazarin turned to Her Majesty, who was smiling broadly, her eyes glinting. "Your Majesty brought me luck tonight," he said. "Allow me to share it with the royal lady who brought me the boon." He grabbed a double handful of coins, worth a couple of thousand at a guess since most of the coins were livres tournois, and offered them. He was flushed with the win, and it simply seemed—right.

  "Handsomely done, Your Eminence," she said, "But your winning hand—I see a king and a knave. You did not play a queen?" Her smile turned impish.

  "The night is yet young, Your Majesty."

  A Trip to Amsterdam

  Gorg Huff and Paula Goodlett

  When the news that Haarlem had fallen and Amsterdam would be under siege inside a week reached Henry Dreeson, the first thing he did was insist that the news not be leaked for as long as possible. The second thing he did was call in Horace Bolender of the Department of Economic Resources, Treasury Secretary Tony Adducci and Coleman Walker at the Fed to ask them what they thought the effect would be.

  "The guilder will go through the floor," Tony answered. "The dollar will go through the roof. Remember the bubble in February? Well, this will be worse. We could hit a dollar per guilder. If that happens, we can just kiss the boom goodbye, because no one in Germany will have enough money to buy anything we sell."

  "So we put more dollars out," Horace said. "Besides, the dollar rising isn't all bad. Imports would be a lot cheaper that way."

  "Until something happens to threaten the faith the down-time Germans have in the miraculous American dollar," Coleman answered, coming to his feet. "Damn it, Horace, we have to have at least something approaching enough product to support the dollar or we're just another corrupt principality minting money to pay our debts. The Germans aren't dumb, for God's sake. They give us some trust because of the Ring of Fire, but that trust won't last through even slight inflation of the dollar. You can measure the amount of silver in a German coin, but you can't measure faith. It's either there or it ain't."

  "All right, Coleman," Dreeson said, trying to calm everyone. "We'll get though this. What do we need to keep the worst from happening?"

  "Someone is going to have to buy guilders, a whole lot of guilders. It will have to be enough guilders to keep the price up, and it can't be the bank that does it," Coleman answered, falling back into his chair. "Under these circumstances, if the bank started buying them, people would assume that we're trying to hold the price up and the selling frenzy would just increase. People would be afraid they would still have guilders when I put on the brakes and let the guilder fall. They'd be right, too. We can't buy all the guilders in Grantville and we certainly can't buy all the guilders in Germany. It has to be someone, preferably several people, we can trust. They have to have the money, and they need to be people known for doing well. Other people need to believe that they're buying guilders because they believe that the guilder will come back."

  "Fine," Henry answered. "Who do you think it should be?"

  "I can think of maybe fifty people that either have enough money or have control of enough money. Unfortunately, I don't trust most of them."

  Horace snorted at that. It was a well known fact that Coleman Walker didn't trust anyone.

  "Get David Bartley to do it," Tony suggested. "Sarah Wendell would work too, 'cept her dad works for us. The down-timers think the Sewing Circle have some sort of a magic touch."

  "He won't do it," Coleman said. "The Bartley boy refused to use OPM funds to bail out his grandma and every one knows it. There is no way he would use OPM funds for this. It's too risky. I can't fault his fiduciary responsibility, but in this case it makes him useless."

  "What about having him use our money?" Henry asked.

  "Maybe, but if we do that, the Fed will probably take a loss this year," Coleman answered. "Can the government afford the loss of thirty million or more dollars? For this? Especially considering that it may not work."

  Henry Dreeson was silent for almost a minute. Then he said, "I'll set it up. Expect a call this evening with the details."

  The guilder was falling from the opening bell. That was expected but i
t was falling a bit faster than it should have. David wondered if the news had leaked to certain people ahead of time. He spent the morning watching the market, doing school assignments at a table near the trading floor, and quietly drinking cocoa. He hadn't developed a taste for coffee. When the guilder hit $45, he would start buying. He had to wait to make it look like he was buying guilders because he wanted them, not because he was trying to save them. He had to sell people on the idea that guilders were still worth something.

  The news hit the floor around noon. Amsterdam was either under siege now, or would be within days. The evidence was fairly good that, at least for the present, Amsterdam was unlikely to be taken. On the other hand, who would have believed a month ago that the Dutch fleet would be routed and mostly destroyed? The money on deposit in the Wisselbank was safe, for the moment, but how long would it remain safe?

  The guilder started to drop faster. Just a little at first, as the news filtered onto the floor. Then, it really started to fall. $53 to the guilder was not followed by $52.90 but by $52.00. Next, the price was $50 to the guilder.