“It cannot happen,” Lavien said. “Lending you that money would be as good as ruining the government. Once word escaped, Washington and his administration would be seen as no better than corrupt British ministers raiding the treasury for their friends.”
“We had better think of something,” I said. “The crowd sounds angry.”
Outside his window, we heard angry calls-We want Duer! He has got our money!-over and over again. One group had started a poetic cry of Put Duer in the sewer, hardly euphonious but certainly concise in its meaning. I peeked out the window and saw an old woman, bent over at the waist, leaning upon a walking stick and looking upward. “I want my five dollars!” she cried.
“Good God, man,” I said to Duer. “You borrowed five dollars from a stooped old woman? Have you no shame?”
“She would have had no complaints when I paid her what I owed.”
“You were never going to pay,” I said. “You never could pay.”
“How could it have worked when the government itself is against me?” he demanded. “Hamilton pretended to be my friend, but it was he who has brought this upon me. Hamilton restricted the credit. Hamilton prosecuted me about old debts. If my fall brings about the ruin of the nation, it will be upon Hamilton’s head.”
“You are like a murderer who blames his victim for provoking him,” I said. “Hamilton restricted credit because there was too much of it, prompting greedy men like you to abuse the aberration. He has prosecuted you for your crimes because to do anything else would be dishonest. If Hamilton is to blame, it is for not crushing you sooner and harder. Perhaps then you would never have had a chance to attempt a scheme foolish beyond reason.”
“But it made such sense,” he said. “And she convinced me it would work.”
“She? Joan Maycott?” I asked, but I believe I already knew this was her treachery.
“Yes. I know what you will say, I ought not to have taken advice from a woman, but she seemed to know what she spoke of. So charming and clever. How could I know she hated me, blamed me for her husband’s death? Whippo pushed me toward this too, and where is he now? He’s abandoned me, that’s where. He stole as much of my silver as he could carry and then slipped out in the night just ahead of the crowds.”
“You’ve been manipulated, Duer,” I said, “and we along with you. Now I want you to collect your ledgers for me.” I turned to Lavien. “You’ll need to determine how much he owes and to whom. Maybe we can put it out that he has the means to repay his debts. If we can but calm the crowds, we can perhaps calm the markets before they panic.”
“I’m no money man,” Lavien answered. “I may understand some of how these mechanisms work, but I can’t speedily interpret such things.”
“I’ll help you,” Duer volunteered, “in exchange for a promise of government assistance and an end to this absurd lawsuit, of course. Yes, we must forget about that.”
“No,” said Lavien. “You won’t bargain your way out of this. We will have to bring in a few clerks from Treasury to review your books, and the best we will be able to do is see to it that you pay first those who need it most. I don’t know if that will accomplish anything, but we must try.”
Lavien’s words were punctuated by the sound of shattering glass. A rock flew into a window in a room above us, then another to our left, and then in the room we currently occupied. We could now hear clearly the cries of the crowd. “Bring us Duer! Our money or his head!” Several angry men waved muskets. One held a blazing torch.
“Christ,” I said. “They could burn the building down.”
“We’ve got to get him someplace safe,” Lavien said.
“Where?”
“There’s only one place,” Duer said. “I’ve known it all morning, but I would not say it to myself until this threat of violence. I cannot see Lady Kitty burned out of her home. You’ve got to take me to jail. Debtor’s prison is my lot now. The mob must see me taken there so they will leave my family in peace.”
And so we did. We ushered him out of the house and drove him south to the City Jail on Murray Street, which also acted as the city’s debtor’s prison. During the stretch of the journey we were followed by an angry mob, which called after us with withering insults. Duer sat tight-lipped, his eyes clenched almost shut as, I could only imagine, images of his failed aspirations paraded before him. We were strange pied pipers, for as our coach progressed, it drew larger and larger crowds, and when we reached the prison, I feared we must be arrested for orchestrating a riot.
Duer’s crossing the threshold of the City Jail seemed to act as some sort of signal-his ruin was complete so no restraint was now required. Men rushed into the Two Friendly Brothers’ tavern across the way to fortify their indignation with strong drink. Accordingly, food began to fly in our direction: eggs and apples and oranges, oyster shells, and old hard rolls. Lavien and I made it inside the jail without much harm, but Duer was struck in the forehead with an old egg. The sulfurous yolk, rotten and reeking, trickled down his face, but as we led him inside the stone edifice, he did not bother to wipe it away.
O utside the prison, stones and dead animals and fruit continued to strike the walls, a dull cannonade of impotent rage. Duer was ruined, worth less than nothing, and yet not without assets or ready money, and he had little difficulty in securing for himself the finest accommodations in the building, a pleasant suite of rooms upon the third floor. The turnkeys behaved like obsequious publicans and were rewarded by Duer for their courtesy. He sat on a chair in his little sitting room, head in his hands, his face now cleaned of the earlier yolk.
“I shall pay them back,” he said. “Every last one I shall pay back.”
“With what money?” Lavien asked.
“I shall pay them back,” Duer said.
I rubbed my face, rough with beard stubble. “Yes, yes, when the money fairies visit you in the night and dust your bed with banknotes, you will pay them back. I understand. But what will happen to the markets now that your ruin is under way?”
He stared at me as though slapped. I don’t believe he had fully accepted the truth, even though he had been struck in the face with a rotten egg, even though he sat at that moment in City Jail, vowing to pay his creditors. Until I said the word, I do not believe he fully understood that this was not merely an unseemly diversion on the road to triumph. This was, indeed, the road’s end.
Duer looked at me. “I told you if you ruined me, you would ruin the country. Did I not say so? Go now to Merchants’ Coffeehouse, and what shall you see? Men scrambling to sell their bank scrip and government issues. The prices shall plummet, and as I am made to sell off my holdings, six percents will plummet too. You men have ruined me, but not only me. You have ruined all of us.”
“There it is,” Lavien said. “This is what they wanted from the beginning and we have given it to them. Now we must ride back, as fast as we can. Our only hope is to reach Philadelphia and make certain Hamilton gets the information before the news hits the markets. Things were always much farther along than we suspected, and there is nothing we can do here. It is up to Hamilton. He can position his men to buy, and buy at decent prices. He can use the power of the Treasury to prevent a complete disaster. What happens in New York will be harmful, but the center of finance in this country is Philadelphia. If word of this reaches the Philadelphia markets before we do, it may be too late for Hamilton to stop it.”
“To stop what?”