“Hastings murdered Fiona, didn’t he?”

“With my assistance.” Victoria’s shoulder moved in an elegant little shrug. “We had no choice. She accidentally came upon us that night in the gardens at the ball. I do not know what drew her outside. Perhaps a desire for some fresh air. Whatever the case, she overheard an argument between Hastings and me. The quarrel involved the details of the blackmail scheme I had arranged. It was working nicely, but Elwin wanted to expand it.”

“Blackmailing those elderly ladies was your idea?”

“Of course. All of the plans that Hastings profited from so handsomely were conceived by me.” Victoria’s face tightened with anger. “But the fool convinced himself that he was the brilliant mind behind each venture. My mistake was in allowing him to deceive himself. He actually came to the conclusion that he no longer needed me.”

“What did you do to Fiona?”

“When I heard a faint sound from the other side of the hedge I knew at once that someone was there and that she had no doubt heard enough to ruin us. We could not afford to let her live. I went around the corner of the hedge and spoke politely to her, as though nothing was amiss. Hastings came up behind her and struck her on the back of her head with his walking stick.”

“Dear heaven,” Louisa whispered.

“Once she was unconscious we carried her out through the garden gate and left her in the alley, bound and gagged with items of her own clothing. Leaving her there was a risk, but we could not think of anything else to do. We went back into the ballroom, summoned a cab, and departed as though nothing had happened.”

“And then went back to take her to the river?”

“Elwin handled that part. He took one of my cloaks and returned to the alley for Miss Risby. She was still unconscious but not yet dead. He wrapped her in the cloak.”

“How did he get her out of the alley and to the river?”

“You will have noticed that Hastings is a large man. Miss Risby was a small woman. Elwin simply put her over his shoulder and hauled her out of the alley as though she were a sack of coal. When he reached a side street he summoned another cab.”

“How did he explain his burden to the driver?”

Victoria smiled. “That was simple enough. He explained that the woman with him was a whore who had entertained him and then passed out from too much gin. Out of the goodness of his heart he wanted to see the woman safely back to her lodgings near the river. The driver asked no questions.”

Louisa shuddered. “But Hastings made a mistake. He could not resist the temptation of the necklace Fiona wore that night. He removed it before he threw her into the river.”

Victoria laughed. “You must not blame Elwin for taking the necklace. I removed it from Miss Risby when we left her in the alley. One could hardly allow such a valuable piece of jewelry to go into the river. I had planned to have the stones reset in the modern style, of course.”

“I understand why you and Hastings murdered Fiona Risby, but why did you arrange to disappear and come back as the proprietor of a brothel? Bit of a comedown, wasn’t it?”

In less time than it takes for a viper to strike, Victoria’s beautiful features were transformed into a mask of rage.

“Are you mad?” she rasped. “Do you think I wanted this? I loved him. Do you hear me? Elwin was the one man on earth I trusted. I thought we were two of a kind, meant for each other. I taught him everything he knows about manipulating money and the greed that consumes most people. Everything.”

Louisa realized she was holding her breath. Victoria was on the brink of some inner precipice.

“What happened?” she asked gently.

“That was when the bastard concluded that he no longer needed me. I think that killing Fiona Risby gave him a sense of power. Having murdered once, he found it easy to do it again. He came for me a few days later when I was asleep. He used chloroform. I woke up too late to do more than put up a weak struggle. He held me down while he finished the job.”

“But you lived.”

“It was luck and fate that saved me that night. I was partially awake when I went into the water. I knew how to swim, and I was wearing a nightgown, not a dress and corset. I was pulled from the river by some deranged man who had a hovel near the water’s edge.”

“What did you do?”

Victoria’s mouth thinned, and her eyes tightened. “I survived. It is something I am very good at, Mrs. Bryce.”

“Yes, I can see that.”

“The man thought I was some sort of fey being that had been sent to him. He took excellent care of me. When I recovered, I made my plans.”

“Why didn’t you simply come forward and tell the authorities what had happened?”

Victoria gave a scornful laugh. “Surely you are not that naïve, Mrs. Bryce. I had no proof that Elwin had tried to kill me. You know as well as I do that the authorities are very quick to leap to the conclusion that any woman, wife or not, who lodges charges against a gentleman of Hastings’s background is suffering from hysteria.”

Memories of Lord Gavin’s relentless assault on her nerves before the final attack sent another shiver through Louisa. She had known then that if she had gone to the authorities they would have considered her to be suffering from female hysteria.

“Yes,” she said. “I know.”

“At best I would have found myself locked away in an asylum. The other, far more likely possibility, of course, is that Elwin would have had another go at killing me.”

“So you remained in hiding.”

“And I formulated my vengeance.”

“I’m surprised you didn’t simply murder Hastings.”

“I thought about it many times, but that would have been far too easy. I wanted him to suffer. I yearned for him to roast over a long fire. I needed him to see his destruction bearing down upon him slowly, inevitably.”

“You murdered the former owner of Phoenix House, didn’t you?”

Victoria’s twisted features relaxed back into their customary beautiful alignment. “It was not difficult to get rid of her and assume control of this place.”

“Where does a lady who moved in some of the best circles of the Polite World learn to operate a brothel?”

Victoria was coldly amused. “Why, Mrs. Bryce, can’t you guess? I know the business because I was raised in it.”

Louisa stared at her. “You were a prostitute?”

“My stepfather sold me to a brothel when I was twelve years old. I learned the business very well, indeed. By the time I was eighteen, I was running the place. I met Elwin Hastings when I was twenty-two. He was a client. We were married eight months later when I convinced him that I could make him rich. I kept my promise, but the bastard didn’t keep his.”

“You’ve been following me, spying on me for the past few days,” Louisa said.

“I heard rumors that someone was making inquiries about Phoenix House among the women who go to Mrs. Woods’s establishment in Swanton Lane. I thought it best to find out what was going on. Imagine my surprise when I discovered that you were a correspondent for the Flying Intelligencer.”

Louisa did not know what to say. “You are an amazing woman, Victoria.” She raised her eyes to the vaulted ceiling. “Where am I now? Inside your new brothel?”

“Yes. Welcome to Phoenix House. Let me assure you that the profits have increased quite dramatically since I took charge.”

“I can’t believe that you willingly returned to this world.”

Victoria made a derisive little sound. “And I would have credited you with a more worldly view of the matter, Mrs. Bryce. The reality of the situation was that I required money in order to exact my revenge. In case it has escaped your notice, it is virtually impossible for a woman who lacks family connections or a wealthy husband to make her fortune in our so-called modern age.”

“Was it difficult to lure Hastings to this place?”