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For now it is my role to set aside any personal feelings I may have concerning politics, and to think only of how this might affect markets. My footing here is soft-I am like a mare galloping down a mucky beach, afraid to falter, out of fear that she may be treading on quicksand. With markets in Amsterdam fluctuating hourly, I cannot really manage assets from Versailles-the day-to-day buying and selling is carried out by my associates in the north.

But French nobles will not be seen doing business with Dutch hereticks and Spanish Jews. So I am a sort of figurehead, like the pretty mermaid on the bow of a ship that is laden with other people’s treasure and manned by swarthy corsairs. The only thing to be said in favor of being a figurehead is that the position gives one an excellent view ahead, and plenty of time to think. Help me, Monseigneur, to have as clear a view as possible of the seas we are about to plow up. I cannot help but think that in a year or two I shall be forced to gamble all of my clients’ assets on the outcome of great events. Investing round the time of Monmouth’s rebellion was not difficult because I knew Monmouth, and knew how it would come out. But I know William, too-not as well-but well enough to know I cannot gamble against him with certainty. Monmouth was a hobbyhorse and William is a stallion. Experience gained riding the first can only misinform me as to what it shall be like to ride the second.

So inform me, Monseigneur. Tell me things. You know your intelligence will be safe in transit, because of the excellence of this cypher, and you know it will be safe with me, for I have no friends here to whisper it to.

Only small minds want always to be right.

–LOUIS XIV

To d’Avaux, June1687

Monseigneur,

When I complained that Fr. de Gex and Mme. de Maintenon were trying to make me over into a nun, I never imagined you would respond by making me out to be a whore! Mme. la duchesse d’Oyonnax has practically had to post Swiss guards at the entrance of her apartments to keep the young blades away from me. What sorts of rumors have you been spreading? That I am a nymphomaniac? That a thousand louis d’or will go to the first Frenchman who beds me?

At any rate, now I have some idea as to who belongs to the cabinet noir. One day, all of a sudden, Fr. de Gex was very cool to me, and Etienne d’Arcachon, the one-armed son of the Duke, called on me to say that he did not believe any of the rumors that were being spread about me. I think I was meant to be bowled over by his nobility-with him, it is difficult to tell. For on the one hand he is so excessively polite that some affirm he is not in his right mind, and on the other (though he has no other!) he saw me at the opera with Monmouth and knows some of my history. Otherwise why would a Duke’s son even give the time of day to a common servant?

The only circumstance under which a man of his rank and a woman of mine could ever be seen conversing with each other is a fancy-dress ball, when ranks are of no account and all the normal rules of precedence are suspended for a few hours. The other evening, Etienne d’Arcachon escorted me to one at Dampierre, the chateau of the duc de Chevreuse. He dressed as Pan and I as a Nymph. Here any proper Court lady would devote several pages to describing the costumes, and the intrigues and machinations that went into their making, but since I am not a proper Court lady and you are a busy man, I will leave it at that-pausing only to mention that Etienne had a special prosthetic hand carved out of boxwood and strapped to his stump. The hand was gripping a silver Pan-pipe all twined about with ivy (emerald leaves, of course, and ruby berries) and from time to time he would raise this to his lips and pipe a little melody that he had Lully compose for him.

As we rode in the carriage to Dampierre, Etienne mentioned to me, “You know, our host the duc de Chevreuse is the son-in-law of a commoner: Colbert, the late Controleur-General, who built Versailles among other accomplishments.”

As you know, this is not the first such veiled remark that has been directed my way by a Frenchman of high rank. The first time it happened I became ever so excited, thinking I was about to be ennobled at any minute. Then for a time I affected a cynical view, supposing that this was like a snatch of meat dangled high above a dog’s nose to make it do tricks. But on this evening, riding to the splendid chateau of Dampierre on the arm of a future Duke, the burden of my low rank lifted for a few hours by a mask and costume, I phant’sied that Etienne’s remark really meant something, and that if I could use my skills to achieve some great accomplishment, I might be rewarded as Colbert had been.

Pretend now that I have dutifully described all of the costumes, the table-settings, the food, and the entertainments that the duc de Chevreuse had brought together at Dampierre. This will spare enough pages to make a small book. At first the mood was somewhat gloomy, for Mansart-the King’s architect-was there, and he had just received news that the Parthenon in Athens has been blown up. Apparently the Turks had been using it as a powder-magazine and the Venetians, who are trying to bring that city back into Christendom, bombarded it with mortars and touched off a great explosion. Mansart-who had always harbored an ambition of making a pilgrimage to Athens to see that building with his own eyes-was inconsolable. There was some blustery talk from Etienne to the effect that he would personally lead a squadron of his father’s Mediterranean fleet to Athens to take that city back into Christendom. This was a faux pas of sorts because Athens is not actually located on the water. Therefore it led to a few moments’ awkward silence.

I decided to strike. No one knew who I was, and even if they found out, my status and my reputation (thanks to you!) could scarcely sink lower. “So gloomy are we because of this news from abroad,” I exclaimed, “and yet what is news but words, and what are words but air?”

Now this produced only a few titters because everyone was assuming that I was just another empty-headed Duchess who had read too much Pascal. But I had their attention (if you could see my gown, Monseigneur, you would know I had their attention; my face was hidden, everything else was getting a good airing-out).

I continued, “Why should we not conjure up some news more to our liking, and throw our enemies the Dutchmen into a gloomy mood, so that we may be infused with gaiety and joy?”

Now most of them were nonplussed, but several took an interest-including one chap who was dressed up as Orion after he had been blinded by Oenopion, so that his mask had blood running out of the eye-sockets. Orion asked me to say more, and so I did: “Here, we are susceptible to emotion, because we are people of great feeling and passion, and accordingly we are saddened by the destruction of the Parthenon, for we value beauty. In Amsterdam, they have investments instead of emotions, and all they value is their precious V.O.C. stock. We could destroy all the treasures of the Classical world and they would not care; but if they hear bad news that touches the V.O.C., they are plunged into despair-or rather the price of the stock falls, which amounts to the same thing.”

“Since you appear to know so much about it, tell us what would be the worst news they could hear,” said blind Orion.

“Why, the fall of Batavia-for that is the linch-pin of their overseas empire.”

By now Orion had come face-to-face with me and we were in the middle of a ring of costumed nobles who were all leaning forward to listen. For it was obvious to everyone that the man dressed as Orion was none other than the King himself. He said, “The doings of the cheese-mongers are a vulgar muddle to us-trying to understand them is like watching muddy English peasants at one of their shin-kicking contests. If it is so easy to bring about a crash in the Amsterdam market, why doesn’t it crash all the time? For anyone could spread such a rumor.”