"I do not understand. I have-would have"-he stumbled for a moment over the grammar, cursing himself; John Chandler Simpson hated to stumble-"would have thought you would welcome a tax reform."

The eight men in the room stared at him. Saxe-Weimar shrewdly, the other seven with befuddled expressions. As if they'd just had a grizzly bear ask them a question, and were trying to decide whether to answer or look for an escape route.

Hesse-Kassel was the first to recover, and did so quickly. "Ha!" he barked. Sweeping his hand to indicate the room: "Admiral Simpson, I can assure you that we welcome it. So does every Hochadel in Germany-John George of Saxony no less than any other. It would increase our revenues considerably, not to mention making our lives easier. But… the matter is tied to everything else. Gustavus Adolphus has made clear that he wants the tax reform adopted as part of a systematic reform. Ah, you may think of it-"

"Americans already have a term for the thing, Landgrave," interjected Wilhelm smoothly. "They call it a 'package deal.' "

Hesse-Kassel cocked his eyebrow. "Indeed?"

"Oh, yes. In fact, the American vocabulary for matters of fine political distinction is quite massive." He smiled sweetly. Simpson suspected Saxe-Weimar was taking the opportunity to drive home a point. "Remind me someday to explain such terms as 'logrolling' and 'pork-barrel' and 'line-item veto.' The concept of the 'filibuster' is particularly enchanting."

Simpson cleared his throat. "In other words, the king of Sweden-ah, 'emperor of the CPE' I should say-"

He paused, a bit nonplussed. Once again, the noblemen in the room were staring at him as if he were a speaking bear.

"Did I mention Americans are fond of acronyms?" mused Wilhelm. "An odd habit, I thought at first. But then, when I saw the enthusiasm with which the Americans proliferate administrative and regulatory bureaus, I realized the logic of it. They're quite an efficient folk, much given to order and routine. They even have a name for that, too: 'red tape.' "

Now, the noblemen were staring at him as if he were a speaking bear. Or, perhaps, a man they thought they knew suddenly transformed into one. Saxe-Weimar's smile was still on his face, but it could no longer be described as "sweet." Indeed, it was rather grim.

"They ruled a continent, lords. They had provinces larger than any realm in Europe. Do you think they did that by the methods of anarchy?"

Simpson sat stiff, wooden-faced. There had been times in his life-not many, but some-when he'd cursed that also. That inability of his to "unbend," however useful it was in many situations, had cost him in others. In his most honest moments, he knew it had played a large role in losing the affections of his own son. But tonight, in the here and now, it was invaluable. He could tell, just by the look on the faces of the German landgrave and his supporting counts.

To hell with you snots. I've forgotten more about efficient administration than the pack of you amateurs will ever learn. But the stiff and wooden face removed the insult, while passing along the fact itself.

"Ah," said one of the counts. "By 'CPE' you refer to-"

Hesse-Kassel chuckled. "It is more efficient, I admit."

The point having been made well enough, Simpson continued. "In short, Gustav Adolf is demanding that you adopt all of his measures. He will not permit you to pick and choose."

One of the counts nodded. Glumly: "And some of those other measures are… highly distasteful. Speaking for myself, for instance, losing the tolls will cost me-"

"Oh, enough!" exclaimed one of the other noblemen. "Enough, I say! We've already agreed to support the emperor and we've formed a league to do it. So why waste the rest of the evening fretting over it?"

He bestowed a smile on Simpson which, for the first time coming from any of them except Saxe-Weimar, was the kind of expression a man gives to another man, not the formal grimace one presents to a potentially savage animal.

"I am Ludwig Guenther, Admiral. The count of Schwarzburg-Rudolstadt. And, speaking for myself, I think we will-certainly in the long run-gain far more than we will lose from the emperor's policies." His nostrils flared. "If nothing else, abolishing the rule of derogation will mean that my lazy cousins will no longer have any excuse to drain my larder."

"Surely you won't turn away the prince of Orange?!" exclaimed Hesse-Kassel, half-laughing and half-grimacing.

Ludwig Guenther smiled thinly. "If my first cousin Frederik Hendrik shows up at my door looking for asylum, I will gladly give it to him. But my second cousin Ernst-to give just one example-can hardly claim Orange's necessities. Much less his talents! If Ernst can do anything beyond ride a horse and drink himself into a stupor, I have yet to see any evidence of it."

The count of Schwarzburg-Rudolstadt's face grew stern. "Half the noblemen of Germany are pure and simple parasites. I know it and you know it-all of you. Well, no longer! Not after the reforms are instituted. Henceforth, they will have no excuses. They will be able to take up any occupation-trade, commerce, whatever-without losing their precious status as members of the Adel. I can assure you that as soon as I return home, those cousins of mine are out the door. Louts, all of them! I'll give them enough to get started. That's it."

Two of the other noblemen chuckled. "You think your cousins are bad?" demanded one. "My brother-in-law…"

Hesse-Kassel interrupted. "What do you think, Admiral?"

For a moment, Simpson froze. (And, fortunately, because of his wooden face, was able to hide the moment.) He had a flash of memory; being asked a question, once, at a stockholders' meeting, for which his staff had not prepared him. He'd gotten through the question, fumbling his way-he hated to fumble-and had then stripped the hide from his staff the next day. Rubbed salt into the bleeding flesh, in fact.

But…

I can hardly blame Dietrich for this, after all. Not as if he hasn't tried. John Chandler, you've been goofing off on your homework. An 'Admiral,' you stupid jerk-how much time did you spend in the Pentagon?-has to be a political animal also.

He cleared his throat. "I'm sorry, but I've been so preoccupied with my own naval affairs that I haven't paid as much attention to this matter as perhaps I should have." The pro forma apology issued, Simpson glided forward smoothly. He had, after all, gotten through more than one bad moment at a stockholders' meeting.

"But it seems to me that you need to step back and consider the long-term-ah-" His lips tight, he fumbled for the word. Wilhelm, sitting next to him, leaned over and murmured: " 'Consequences,' I believe, is the word you're looking for."

He flashed Saxe-Weimar a grateful glance. "Yes, consequences." He swiveled his head and looked at the nobleman who had complained about losing his tolls. "Let me give you an example, using a subject I am very familiar with. The matter of the tolls. Yes, immediate revenue will be lost. Although I should point out that the emperor has no objection to tolls levied for works which are actually being maintained-such as locks, for instance. It's simply the endless bleeding of money from the merchants for a thousand fees that he wants removed, most of which-let us be honest-are simply a monopoly surcharge for no service rendered. Add it all together-which I have done-and you will find that, as a rule, those tolls wind up adding a third to the price of something shipped simply across half of Germany."

The nobleman scowled, but did not try to object. And you'd better not, buster. On this subject, I've got the facts and figures damn well memorized.

"What this will produce in the long run, however-and much sooner than you might think-is a rapid increase in Germany's internal trade. Foreign trade as well, for that matter. That, in turn, will produce an accumulation of money in the hands of Germany's commoners. Some of them, at least. What will they do with it? Reinvest, that's what. And where will they do so? Many of them, of course, in the same place where they exist already. But many of them will look for opportunities elsewhere. Especially-"