Anton pursed his lips, considering the point. "You're suggesting, in other words, that Manpower was deliberately accepting a loss in order to boost the profits of Mesa Pharmaceuticals—in which they possibly have a major ownership share, even if they don't control it outright."

"Yes."

"Which was part of my point about wondering if this Wedermeyer might be working for someone besides—or, in addition to, maybe—Pharmaceuticals," Victor said. "If Manpower does have a hidden stake in Pharmaceuticals, then they may have been in a position to go on offering their 'discount rate' forever. As long as they were charging enough to cover their bare production costs, at least. I mean, there's nothing in the correspondence from this end that's concerned with humanitarian considerations. They're simply saying they could squeeze their profit margins upward, in the long run, if they started switching over. Even by their own analysis, it would have taken quite a while to amortize the equipment investment, especially assuming their outlay for slaves stayed where it was. They were more concerned about the long-range consequences of losing that rate—of having Manpower yank it out from under them, or threaten to, at least, at a time when it would give Manpower the greatest leverage with them. But there's nothing in the correspondence from the Mesa end to explain why the locals' analysis was being 'blown off,' to use your own charming term Ruth. Suppose Wedermeyer was quietly representing Manpower's interests? Wanted Pharmaceuticals deeper into Manpower's pocket . . . or simply knew there'd already been a quiet little off-the-books marriage between them? In that case, he or she could very well have been in a position to know they were worrying over nothing. That their 'discount rate' was grandfathered in and wasn't going to be going away anytime soon."

Ruth had her lips pursed also. "But what would be the point, Jeremy? Oh, I'll grant the possibility of Wedermeyer being working for Manpower. I doubt her own supervisors would have missed it if she was doing it against their interests, though. I mean, Pharmaceuticals has been around for two or three T-centuries, too, so it damned well knows how the game is played. Somebody besides her had to be seeing at least some of these memos, given the extended period over which they were written. The fact that she didn't even bother to come up with an argument—not even a specious one—for her position suggests she was pretty damned confident that she wasn't worried about getting hammered by one of her own bosses. That only makes sense if Manpower does own Mesa Pharmaceuticals, and what possible motive could they have had for hiding that connection, really?

"It's not like their position with Jessyk, where the legal fiction that Jessyk's a separate concern helps give them at least a little cover when they're moving slaves or other covert cargoes. There wouldn't be any point in maintaining that sort of separation from Pharmaceuticals, and there was certainly no legal reason they'd have had to hide that connection. And there are a lot of reasons why they shouldn't have bother. If thw two of them were already connected, they were at least doubling their admninistrative costs by maintaining two separate, divorced operations here on Torch. Not to mention everywhere else the two of them are doing business together. Why do that? Even assuming they are in bed together, and that Manpower is covering its production costs back home, despite the discounted rate, we're still looking at Peter robbing his own pockets to pay his flunky Paul. They were discounting their slaves to Pharmaceuticals by over twenty-five percent. Leaving aside all the other economic inefficiencies built into the relationship, that's a hell of a hit to the profit margin they could've made selling them somewhere else instead of dumping them here to subsidize Pharmaceuticals' inefficient—by their own field managers' estimate—operation!"

Victor nodded. "I agree, and that's exactly why I don't think there's any logical explanation except . . ."

"Except what?"

He shrugged. "I don't know. But we've already agreed that there's something rotten about Manpower that goes beyond their greed and brutality." He pointed to Ruth's reader. "So, for the moment, we can just add this dead fish to the smelly pile."

1921 Post-Diaspora.

(4023, Christian Era)

Because the Beowulfers imported a full, functional technological base, and because they were within such close proximity to Sol that scientific data could be transmitted from one planet to another in less than forty years, they never endured any of the decivilizing experiences many other colonies did. In fact, Beowulf has remained pretty much on the cutting edge of science, especially in the life sciences, for the better part of two millennia. Following the horrific damage suffered by Old Earth after its Final War, Beowulf took the lead in reconstruction efforts on the homeworld, and Beowulfers take what is probably a pardonable pride in their achievements. Beowulf's possession of a wormhole junction terminus—especially a terminus of the Manticoran Wormhole Junction, which is the largest and most valuable in known space—hasn't hurt its economic position one bit. In short, when you arrive in Beowulf you will be visiting a very wealthy, very stable, very populous, and very powerful star system which, especially in light of the local autonomy enjoyed by members of the Solarian League, is essentially a single-star polity in its own right.

February, 1921 PD

Brice Miller began slowing the cab as he approached Andrew's Curve, often called Artlett's Folly by some of Brice's less charitable relatives. The curve in the roller coaster track was also a rise, which tended to fool the rider into thinking the centrifugal force wouldn't be as savage as it was if the cab went into the curve at full speed.

In the amusement park's heyday, the cabs had been designed to handle such velocities. But that had been decades ago. Age, spotty maintenance, and the deterioration brought on by the nearby moon Hainuwele's plasma torus had made a lot of the rides in the enormous amusement park in orbit around the giant ringed planet Ameta too risky for public use. Which, of course, just added to the downward spiral caused by the original folly of the park's creator, Michael Parmley, who had thought up this white elephant and poured both a fortune and his extended family into it.

Brice's great-grandfather, he had been. By the time Brice was born, the park's founder had been dead for almost forty years. The small clan he left behind in possession of the now-ramshackle and essentially defunct amusement park was presided over—you couldn't really use the term "ruled" to apply to such a contentious and disputatious lot as her multitude of offspring and relatives—by his widow, Elfride Margarete Butre.

She was Brice's favorite relative, except for his two cousins James Lewis and Edmund Hartman, who were the closest to his own age. And, of course, except for his very very favorite relative, the same uncle Andrew Artlett for whom the curve or the folly—it had been both, really—were named.

Brice loved his uncle's curve, although he always approached it very carefully since the accident. He'd been with his uncle when Andrew gave the curve its name. Coming into that section of the giant roller coaster at a truly reckless velocity, both of them whooping with glee, Andrew had managed to break the cab loose from the tracks. Not from the magnetic track, of course—it would probably have taken a shipyard tug or a small warship to do that—but from the magnetic grips themselves. The metal must have gotten fatigued over the long years.