Six days later Jack Mulrooney leaned over the rail of a small coaster chartered by his company and spat over the side as the coast of Zangaro slid away.
“Bloody bastards,” he muttered savagely. He carried a series of livid bruises about his chest and back, and a raw graze down one cheek, the outcome of swinging rifle butts when the troops had raided the hotel.
It had taken him two days to bring his samples from the deep bush to the truck, and another grunting, sweating day and night to haul the truck along the pitted and rutted earth road from the interior to the coast. In the wet he would never have made it, and in the dry season, which had another month to run, the concrete-hard mud ridges had nearly smashed the Mercedes to pieces. Three days earlier he had paid and dismissed his Vindu workers and trundled the creaking truck down the last stretch to the blacktop road which started only fourteen miles from the capital. From there it had been an hour to the city and the hotel.
Not that “hotel” was the right word. Since independence, the town’s main hostelry had degenerated into a flophouse, but it had a parking lot, and here he had parked and locked the truck, then sent his cable. He had only just been in time. Six hours after he sent it, all hell broke loose, and the port, airport, and all other communications had been closed by order of the President.
The first he had known about it was when a group of soldiers, dressed like tramps and wielding rifles by the barrels, had burst into the hotel and started to ransack the rooms. There was no point in asking what they wanted, for they only screamed back in a lingo that meant nothing to him, though he thought he recognized the Vindu dialect he had heard his workers using over the past three months.
Being Mulrooney, he had taken two clubbings from rifle butts, then swung a fist. The blow carried the nearest soldier halfway down the hotel corridor on his back, and the rest of the pack had gone wild. It was only by the grace of God no shots were fired, and also owing to the fact that the soldiers preferred to use their guns as clubs rather than search for complicated mechanisms like triggers and safety catches.
He had been dragged to the nearest police barracks and had been alternately screamed at and ignored in a subterranean cell for two days. He had been lucky. A Swiss businessman, one of the rare foreign visitors to the republic, had witnessed his departure and feared for his life. The man had looked through Mulrooney’s belongings and contacted the Swiss embassy, one of the only six European and North American embassies in the town, and it had contacted ManCon.
Two days later the called-for coaster had arrived from farther up the coast, and the Swiss consul had negotiated Mulrooney’s release. No doubt a bribe had been paid, and no doubt ManCon would foot the bill. Jack Mulrooney was still aggrieved. On release he had found his truck broken open and his sampl
es strewn all over the parking lot. The rocks had all been marked and could be reassembled, but the sand, gravel, and chippings were mixed up. Fortunately each of the split bags, about fifty in all, had half its contents intact, so he had resealed them and taken them to the boat. Even here the customs men, police, and soldiers had searched the boat from stem to stern, screamed and shouted at the crew, and all without saying what they were looking for.
The terrified official from the Swiss consulate who had taken Mulrooney back from the barracks to his hotel had told him there had been rumors of an attempt on the President’s life and the troops were looking for a missing senior officer who was presumed to be responsible.
Four days after leaving the port of Clarence, Jack Mulrooney, still nursemaiding his rock samples, arrived back at Luton, England, aboard a chartered aircraft. A truck took his samples away for analysis at Watford, and after a checkup by the company doctor he was allowed to start his three weeks’ leave. He went to spend it with his sister in Dulwich and within a week was thoroughly bored.
Exactly three weeks later to the day, Sir James Manson, Knight of the British Empire, chairman and managing director of Manson Consolidated Mining Company Limited, leaned back in his leather armchair in the penthouse office suite on the tenth floor of his company’s London headquarters, glanced once more at the report in front of him and breathed, “Jesus Christ.”
He rose from behind the broad desk, crossed the room to the picture windows on the south face, and gazed down at the sprawl of the City of London, the inner square mile of the ancient capital and heart of a financial empire that was still worldwide, despite what its detractors said. To some of the scuttling beetles in somber gray, topped by black bowler hats, it was perhaps a place of employment only, boring, wearisome, exacting its toll on a man, his youth, his manhood, his middle age, until final retirement. For others, young and hopeful, it was a place of opportunity where merit and hard work were rewarded with the prizes of advancement and security. To romantics it was no doubt the home of the houses of the great merchant-adventurers, to a pragmatist the biggest market in the world, and to a left-wing trade unionist a place where the idle and worthless rich, born to wealth and privilege, lolled at ease in luxury. James Manson was a cynic and a realist. He knew what the City was; it was a jungle pure and simple, and in it he was one of the panthers.
A born predator, he had nevertheless realized early that there were certain rules that needed to be publicly revered and privately ripped to shreds; that, as in politics, there was only one commandment, the eleventh, “Thou shalt not be found out.” It was by obeying the first requirement that he had acquired his knighthood in the New Year’s Honours List a month before. This had been proposed by the Conservative Party (ostensibly for services to industry, but in reality for secret contributions to party funds for the general election), and accepted by the Wilson government because of his support for its policy on Nigeria. And it was by fulfilling the second requirement that he had made his fortune and now, holding twenty-five percent of the stock of his own mining corporation and occupying the penthouse floor, was a millionaire several times over.
He was sixty-one, short, aggressive, built like a tank, with a thrusting vigor and a piratical ruthlessness that women found attractive and competitors feared. He had enough cunning to pretend to show respect for the establishments of both the City and the realm of commercial and political life, even though he was aware that both organs were rife with men of almost complete moral unscrupulousness behind the public image. He had collected a few on his board of directors, including two former ministers in Conservative administrations. Neither was averse to a fat supplementary fee over and above director’s salary, payable in the Cayman Islands or Grand Bahama—and one, to Manson’s knowledge, enjoyed the private diversion of waiting at table upon three or four leather-clad tarts, himself dressed in a maid’s cap, a pinafore, and a bright smile. Manson regarded both men as useful, possessing the advantage of considerable influence and superb connections without the inconvenience of integrity. The rest of the public knew both men as distinguished public servants. So James Manson was respectable within the set of rules of the City, a set of rules that had nothing whatever to do with the rest of humanity.
It had not always been so, which was why inquirers into his background found themselves up against one blank wall after another. Very little was known of his start in life, and he knew enough to keep it that way. He would let it be known that he was the son of a Rhodesian tram driver, brought up not far from the sprawling copper mines of Ndola, Northern Rhodesia, now Zambia. He would even let it be known that he had started work at the minehead as a boy and later had made his first fortune in copper. But never how he had made it.
In fact he had quit the mines quite early, before he was twenty, and had realized that the men who risked their lives belowground amid roaring machinery would never make money, not big money. That lay above ground, and not even in mine management. As a teenager he had studied finance, the using and manipulating of money, and his nightly studies had taught him that more was made in shares in copper in a week than a miner made in his whole life.
He had started as a share pusher on the Rand, had peddled a few illicit diamonds in his time, started a few rumors that sent the punters reaching into their pockets, and sold a few worked-out claims to the gullible. That was where the first fortune came from. Just after the Second World War, at thirty-five, he was in London with the right connections for a copper-hungry Britain trying to get its industries back to work, and in 1948 had founded his own mining company. It had gone public in the midfifties and in fifteen years had developed worldwide interests. He was one of the first to see Harold Macmillan’s wind of change blowing through Africa as independence for the black republics approached, and he took the trouble to meet and know most of the new power-hungry African politicians while most City businessmen were still deploring independence in the former colonies.
When he met the new men, it was a good match. They could see through his success story, and he could see through their professed concern for their fellow blacks. They knew what he wanted, and he knew what they wanted. So he fed their Swiss bank accounts, and they gave Manson Consolidated mining concessions at prices below par for the course. ManCon prospered.
James Manson had also made several fortunes on the side. His latest was in the shares of the nickel-mining company in Australia called Poseidon. When Poseidon shares in late summer 1969 had been standing at four shillings, he had got a whisper that a survey team in central Australia might have found something on a stretch of land whose mining rights were owned by Poseidon. He had taken a gamble and paid out a very hefty sum to have a sneak preview of the first reports coming out of the interior. Those reports said nickel, and lots of it. In fact nickel was not in shortage on the world market, but that never deterred the punters, and it was they who sent share prices spiraling, not investors.
He contacted his Swiss bank, an establishment so discreet that its only way of announcing its presence in the world was a small gold plate no larger than a visiting card, set into the wall beside a solid oak door in a small street in Zurich. Switzerland has no stockbrokers; the banks do all the investments. Manson instructed Dr. Martin Steinhofer, the head of the investments section of the Zwingli Bank, to buy on his behalf five thousand Poseidon shares. The Swiss banker contacted the prestigious London firm of Joseph Sebag & Co., in the name of Zwingli, and placed the order. Poseidon stood at five shillings a share when the deal was concluded.
The storm broke in late September when the size of the Australian nickel deposit became known. The shares began to rise, and, assisted by helpful rumors, the rising spiral became a rush. Sir James Manson had intended to start to sell when they reached £50 a share, but so vast was the rise that he held on. Finally he estimated that the peak would be £115 and ordered Dr. Steinhofer to start selling at £100 a share. This the discreet Swiss banker did and cleared the lot at an average of £103 for each share. In
fact the peak was reached at £120 a share, before common sense began to prevail and the shares slid back to £10. Manson did not mind the extra £20, for he knew the time to sell was just before the peak, when buyers are still plentiful. With all fees paid, he netted a cool £500,000, which was still stashed in the Zwingli Bank.
It happens to be illegal for a British citizen and resident to have a foreign bank account without informing the Treasury, and also to make half a million sterling profit in sixty days without paying capital gains tax on it. But Dr. Steinhofer was a Swiss resident, and Dr. Steinhofer would keep his mouth shut. That was what Swiss banks were for.
On that mid-February afternoon Sir James Manson strolled back to his desk, sat back in the lush leather chair behind it, and glanced again at the report that lay on the blotter. It had arrived in a large envelope, sealed with wax and marked for his eyes only. It was signed at the bottom by Dr. Gordon Chalmers, the head of ManCon’s Department of Study, Research, Geo-Mapping, and Sample Analysis, situated outside London. It was the analyst’s report on tests conducted on the samples a man called Mulrooney had apparently brought back from a place called Zangaro three weeks earlier.
Dr. Chalmers did not waste words. The summary of the report was brief and to the point. Mulrooney had found a mountain, or a hill, some 1800 feet high above ground level and close to 1000 yards across the base. It was set slightly apart from a range of such mountains in the hinterland of Zangaro. The hill contained a widely disseminated deposit of mineral in apparently evenly consistent presence throughout the rock, which was of igneous type and millions of years older than the sandstone and ragstone of the mountains that surrounded it.
Mulrooney had found numerous and ubiquitous stringers of quartz and had predicated the presence of tin. He had returned with samples of the quartz, the country rock surrounding it, and shingle from the beds of the streams surrounding the hill. The quartz stringers did indeed contain small quantities of tin. But it was the country rock that was interesting. Repeated and varied tests showed that this country rock, and the gravel samples, contained minor quantities of low-grade nickel. They also contained remarkable quantities of platinum. It was present in all the samples and was fairly evenly distributed. The richest rock in platinum known in this world was in the Rustenberg mines in South Africa, where concentrations or “grades” ran as high as Point Two Five of a Troy ounce per rock ton. The average concentration in the Mulrooney samples was Point Eight One. I have the honour to remain, Sir, Yours, etc….
Sir James Manson knew as well as anyone in mining that platinum was the third most precious metal in the world, and stood at a market price of $130 a Troy ounce as he sat in his chair. He was also aware that, with the growing world hunger for the stuff, it had to rise to at least $150 an ounce over the next three years, probably to $200 within five years. It would be unlikely to rise to the 1968 peak price of $300 again, because that was ridiculous.
He did some calculations on a scratch pad. Two hundred and fifty million cubic yards of rock at two tons per cubic yard was five hundred million tons. At even half an ounce per rock ton, that was two hundred and fifty million ounces. If the revelation of a new world source dragged the price down to ninety dollars an ounce, and even if the inaccessibility of the place meant a cost of fifty dollars an ounce to get it out and refined, that still meant…
Sir James Manson leaned back in his chair again and whistled softly.