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"I have no interest in a thieves war," Loredo said. "It would prove messy and bring the Vos guard crashing down on us. If you have an easy solution, I would gladly hear it."

"We could perhaps divide the city in two," Magnus said, a hint of sarcasm in his voice. "We could take the west while you have the east, or perhaps we control the north while you take the south."

"Giving you, in the first instance, the docks, and in the second, the Five Markets," Loredo said.

"As we can all see, there is no easy solution," Magnus concluded, and Loredo nodded once in agreement.

"I suggest we make the division based on territory and trade," Magnus said. "If we give something up, you make a concession in return. We will ensure there is parity between us, and that every one of our members understands there are some areas they simply do not work in."

"That, I feel, would be the most equitable solution," Loredo said. "So, where would you begin?"

"Let us start with the disputed territories that have led us here. The Street of Dogs and the Five Markets."

For the first hour, Lucius listened with rapt attention as the two guildmasters spoke, proposing and counter-proposing over and again, as they vied for each advantage. Never once was a voice raised in anger, but each retained a hard edge that served to reign the other in when a demand grew too insistent. After the second and third hours, Lucius' legs began to grow numb, and he noticed others shifting their weight or fidgeting.

Magnus made a point in asking various members of his Council or one of the senior thieves to clarify a point, to list earnings over a given period, or give a rundown on recent activities. By contrast, Loredo never asked Jewel for anything, and he seemed to have the uncanny knack for knowing exactly what Magnus was talking about, citing figures and statistics without fail.

Lucius was startled when Magnus asked him a question, briefly wanting to know the average takings for the pickpocket team that had been slain by the Guild. Lucius answered automatically, but he found his mind drifting back to the brother and sister team he had known, Markel and Treal, and the brutal way in which they had died. It was so very hard not to regard the two thieves on either side of the table as mortal enemies, and yet the meeting was being conducted with both respect and courtesy. He began to wonder if it had been Jewel who had sanctioned the murders, or even had performed the act herself; she seemed just the sort of woman who could cold-bloodily kill a child.

Throughout the meeting, Jewel only spoke once, while Magnus had been proposing an exchange of trades. The pickpockets in the Five Markets had been placed on the table, and they were considered a valuable operation; while they generated comparatively little money, whoever held the children of the pick-pocketing teams would have a ready source of new blood for recruitment as thieves proper. Loredo was proving intractable over the Hands control over the Five Markets, and so Magnus raised the possibility of allowing the Guild to take the pickpockets, if in return the Hands could claim complete dominance over all assassinations in the city.

"No." Jewel only said the one word, and when she spoke it was as if ice had been dashed in the faces of the Council. Loredo, ignoring the effects of her input, went on to say that assassinations were a specialised field that had highly specialised agents. The idea of one guild holding them all was simply not feasible.

As hours four and five went by, it seemed as though a little progress was being made, but the guildmasters still proved relentless, neither wishing to show weakness by calling for a break in the meeting first.

Assassinations, it was decided, would be regarded as being outside of the discussion, with a view to perhaps creating a separate assassins' guild in the future. Magnus was able to retain control of the Five Markets, in part because he allowed the Guild free use of his smuggling routes.

An argument brewed between Caradoc and Loredo as the matter of compensation for the deaths of those who had been involved in the earlier 'skirmishes,' as they were euphemistically called, between the guilds. Loredo had demanded the princely sum of a thousand gold coin for the death of his Street of Dogs man, which would be an extortionate amount for a rich merchant's ransom. When the subject of the murdered children was raised by Caradoc, Loredo flatly denied any compensation, reminding him that the earning potential of one so young was negligible. Seeing his lieutenant clearly struggling with his temper, Magnus stepped in before voices were raised, announcing that he would not only relinquish any interest in compensation for pickpockets, but that he would agree to the thousand gold blood price for Loredo's man — but he also made sure the Street of Dogs came down firmly in the Hands' territory because of this.

Scams in the merchant quarter went to the Guild, while the Hands retained the docks. This was an arrangement that suited neither guildmaster well, but both realised something valuable would have to be sacrificed in the meeting. Lucius, for his part, was happy at this decision, for he had been planning his own operation in the docks, and was now favouring it over his plans for the raid on the church of the Final Faith; bothering religious fanatics could prove distinctly unhealthy, he had eventually decided, and he doubted the priests would go anywhere soon, whereas the ship he had been watching was scheduled to depart later in the week.

After seven hours, a weary Council stood as the guildmasters shook hands and toasted one another's success. An accord had been reached. There would be no war among the thieves.

The following days seemed almost like an anti-climax to Lucius, and he formed the impression that many others among the Hands felt the same. The common room was filled with complaints from those who'd had their franchises pulled, the operations now passing to the Guild of Coin and Enterprise, but there was an equal amount of relief, felt in the quiet conversations of others. Everyone had been expecting the worst, with strangled or stabbed bodies strewn throughout the alleyways of Turnitia. Instead, there had been nothing. If anything, business was picking up.

Those who had been present at the meeting between guildmasters had been forbidden to speak of what they had seen and heard, for Magnus wanted the changes to the Hand's operations to come from him alone, speaking to each franchise holder in turn and informing them of whether they still had a regular source of income or not. It was not until two days later that Lucius had the chance to discuss the meeting, and that was with Magnus himself.

He had literally run into the guildmaster as he was leaving the training chamber, wiping the sweat from his face with a ragged cloth.

"Ah, Lucius, my boy," Magnus greeted him. Once he realised who was talking to him, Lucius threw the cloth back into the chamber and smiled hesitantly.

"Magnus," he acknowledged with a nod.

"Preparing for your first operation? You are going into action this week, are you not?"

"Tomorrow, all going well," Lucius said. "Still need to find a few more volunteers though."

"You'll get them. Many may not sign on until the last minute, but I think enough trust you now." He gestured up the corridor. "Come, walk with me for a moment."

The request caught Lucius off guard, and he had to stride quickly to catch up with Magnus.

"You opted for the docks in the end, then?" Magnus asked.

"Yes. I had a plan for the church of the Faith, but there were a few impracticalities."

"Indeed. The priesthood would have been straight on to the Vos guard, demanding the entire city be closed down and every thief hung from the cliffs. If you had not scrapped the mission yourself, the Council might have been forced to step in. You demonstrate both ambition and good judgement, two qualities that do not always go hand-in-hand among thieves."

Not knowing quite what to say, Lucius just nodded. He had walked with Magnus past the meeting room, and he glanced into the open door to see if any of the Council were present, but it was empty. Magnus began asking about his training, and Lucius did not realise where they were headed until the guildmaster halted outside a plain wooden door and produced a key. Behind the door was a small flight of stairs, spiralling upwards. With a wave of the hand, Lucius was ushered up, but he hesitated.