The clothes were part of his image, which was that of a buccaneer. His deals usually involved risk, or opportunism, or both; and he took care that from the outside they looked sharper than they were. A reputation for having the magic touch was worth more than a merchant bank.

It was the image that had seduced Peters. Laski thought about Peters as he walked briskly past St. Paul's Cathedral toward their rendezvous. A small, narrow-minded man, his expertise was in the movement of cash: not credit, but physical funds, paper money. He worked for the Bank of England, the ultimate source of legal tender. His job was to arrange for the creation and destruction of notes and coins. He did not make policy-that was done at a higher level, perhaps in the Cabinet-but he knew how many fivers Barclays Bank needed before they did.

Laski had first met him at the cocktail-party opening of an office block built by a discount house. Laski went to such affairs for no reason other than to meet people like Peters, who might one day come in useful. Five years later, Peters became useful. Laski phoned him at the Bank, and asked him to recommend a numismatist to advise on a fictitious purchase of old coins. Peters announced that he was a collector, in a small way, and that he would look at them himself, if Laski wished. Splendid, Laski said, and rushed out to get the coins. Peters advised him to buy. Suddenly, they were friends.

(The purchase became the foundation of a collection which was now worth double what Laski had paid for it. That was incidental to his purpose, but he was inordinately proud of it.)

It turned out that Peters was an early riser, partly because he liked it, but also because money was moved around in the mornings, and so the bulk of his work needed to be done before nine o'clock. Laski learned that it was Peters's custom to drink coffee in a particular cafe' at around six thirty each day, and he began to join him, at first occasionally, and then regularly. Laski pretended to be an early riser himself, and joined in Peters's praise of the quiet streets and the crisp morning air. In truth he liked to get up late, but he was prepared to make a lot of sacrifices if there was half a chance of this far-fetched scheme coming off.