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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