He showed great gallantry at the time he was wounded and was given the M.C.
âAfter the war he took up journalism; not regular work, but unusual assignments that took him abroad again. As a special correspondent he saw the high spots of the Graeco-Turkish war of nineteen nineteen, and the Russo-Polish war of nineteen twenty. Then he spent a lot of time in Central Europe, studying the development of the new states that emerged from the Versailles and Trianon TreatiesâHungary, Czechoslovakia, and so on. It was through his articles on such subjects, I believe, that he came into touch with that formidable old rascal Sir Pellinore Gwaine-Cust.â
Grauberâs solitary eye flickered slightly and he suddenly sat forward. âSo you know about him, do you? My compliments,
Herr Admiral;
he keeps himself so much in the background that I thought hardly anyone here had the least idea of the power he wields behind the scenes on every major problem concerning the British Empire.â
âOh, yes, I know about him.â The Admiralâs thin mouth twisted into a cynical smile. âHe took seven thousand marks off me at baccarat one night at Deauville in nineteen twenty-four, drank me under the table afterwards and sent the money back next morning with a charming little note to the effect that, seeing the poor state of Germanyâs post-war finances, he did not feel it fair to take such a sum off one of her secret agents at a single sitting. You can repeat that story if you like. I have often related it as a lesson in good manners, to my subordinates.â
âSince there is nothing in it which redounds to the credit of the Service to which we both have the honour to belong, I would not dream of doing so,
Herr Admiral,
â Grauber said pompously. âBut tell me, was that your only meeting with him?â
âBy no means; and I am quite certain that he would not have returned the money but for the fact that we were old friends and had had many good times together when we were young. In those days he was a subaltern in a crack cavalry regiment, and he won a particularly well-deserved V.C. in the Boer War. I used to stay with him at his lovely old home, Gwaine Meads, in Shropshire. There have been Gwaine-Custs living there ever since the Romans gave up their attempts to subdue the more savage tribes of Britons on reaching the Welsh Border; and I donât doubt that the place is still maintained in almost feudal state, since heâs as rich as CrÅsus.â
âYet he had to resign his commission on account of his debts,â putin Grauber. âItâs very remarkable that a hunting and shooting squire, of all people, should have succeeded in amassing such a vast fortune.â
âHe is a very remarkable man. But in his young days titles and connections counted. When he left the Army he got himself taken on to the board of a few not-too-sound companies in the City. Before they were much older his co-directors found that they had given a seat to a wolf in guinea-pigâs clothing. But they had no cause to regret it. With that hearty innocent laugh of his he did them out of half their profits, but the half he let them keep was ten times as great a sum as they had ever made before. They used to send him to Turkey, Egypt and India. He could twist Orientals round his little finger, enable his companies to pay twenty per cent dividends and keep the rest himself, for âmanâs timeâ, as he used to call it.â
Grauber shook his head in puzzled wonder. âThese English, they are incredible,â he murmured, as the Admiral went on:
âYet for over half a century he has managed to maintain his extraordinary fiction that he is just a lucky fool. Iâve heard him say a score of times in that booming voice of his: Iâve an eye for a horse or a pretty woman, but no brainsâno brains at all,â and heâs said it so often that people have really come to