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 checkout 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 Man-son, 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 of a man, his youth, his manhood, his middle age, until final retirement. For others, young and hopeful, it was a palace 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 per cent 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 train-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 below ground 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 mid-fifties 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. Man-son 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.