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Authors: Walter Jon Williams

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The Rift (16 page)

BOOK: The Rift
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“Judge Chivington gave him a little phone call. But I didn’t think it would work so soon, or so fast. And I sure as hell didn’t think it would work by a whole interest point.”

The First Lady looked down at her briefing book and with a marking pen drew a thick pink line along a critical factoid. “You think we can sustain this rally?” she said.

“Barring some unforeseen disaster.” He grinned at the television analyst who was urging fiduciary caution upon his audience. “I won’t have egg on my face at the economic summit, anyway.”

“Let’s just hope,” the First Lady said, returning her gaze to her briefing book, “there isn’t a market adjustment while we’re in London.”

“We’ll have to hope,” said the President, “that we’ve put it off.”

*

All day Friday, Charlie felt as if he’d fallen during the running of the bulls at Pamplona. Except that it was the bulls of Wall Street that were stomping him into the pavement, one sledgehammer hoof after another. Every kick to the kidney, every hoof to the spleen, and he was bleeding dollars. Buoyed by the Fed chairman’s apparent optimism, the market was on a big upswing, regaining practically all the ground it had lost over the last week.

Dearborne didn’t help, not with his panicky phone calls. “It’s false optimism,” Charlie said.
“Stay the course.”

“Over thirty percent of Tennessee Planters’ capital is committed to backing your positions,” Dearborne said. “We are a risk-averse institution. You told me you’d be hedging every single minute.”

“I
have
hedged. I just cashed in ten million dollars’ worth of Eurodollar futures. I
made you money!”

“You haven’t hedged
enough.
That’s what I’m saying.”

“Stay the course,” Charlie said. “It’s not as bad as you think.”

It’s going to be worse,
he thought. Even though prices fell at the end of the day, as people started taking their profits, the S&P had gone up five whole percentage points.

After the markets closed, Charlie helped Megan with the process of reconciliation. Before they were completely finished, Megan sent her other employees home, then took Charlie into her office and closed the door. She looked at her monitor, and Charlie could see the green columns of figures reflected in her eyes.

“If you liquidate now,” she said, “your S&P futures will have lost sixty-two point five million dollars.” Charlie’s heart gave a lurch. “Sixty-two and a half,” she repeated. “Now you’ve purchased these options for forty million, and your Eurodollar hedges gives you another ten, but what’s going to happen to you first thing Monday morning is a twelve-and-a-half-million-dollar margin call. I’m amazed you haven’t got it already—probably the computers haven’t caught up to the day’s trading.” The strain of maintaining her low, cultured tones turned her voice husky. “If you
don’t
liquidate, my dear, your losses are unlimited.”

Charlie licked his lips. He could feel sweat breaking out on his forehead. “You’ve got to help me hide it,” he said.

She stared at him. “Hide twelve and a half
million?
Are you out of your mind?”

Charlie spoke out loud as calculations rattled frantically in his skull. “Not that much. Just eight or nine. We can’t hide
all
of it, they’ll be expecting
some
loss. So we give them a loss, okay? Just help me make it an
acceptable
loss— three or four million, something like that. And put the rest of it— where?” His mind spun through a mental list of his clients.

Megan stared at him. “Charlie, that’s fifteen ways illegal.”

“What drives markets?” Charlie asked. “FIG. Fear, Ignorance, Greed. The directors at Tennessee Planters are
ignorant
of the securities marketplace. They really don’t understand what I’m doing. I have to stroke Dearborne every second to get him into line, and I can’t stroke all of the directors all of the time. Once they see our current position,
fear
will take control of their minds. They’re going to try to take charge of TPS, and ignorance and fear will have them doing the wrong thing. We don’t dare panic them. If they panic, they could
order
me to liquidate, and those millions of losing
positions
will turn into millions of
real losses.”

Charlie could tell from the look on Megan’s face that she understood all too well what might happen.

“What have we got in the error account,” Charlie said, “a couple hundred thousand dollars? Just put the losses there instead of the real account. Who’s going to check the error account?”

“The figures in the error account get reported just like everything else,” Megan said. “All Dearborne or anyone else has to do is just call it up on the screen.”

Good, Charlie thought. She was responding to the problem. She was starting to think of ways to do what he needed.

“We can’t put it in
my
account. My profile is too high.” He looked at Megan.
“Your
account?”

Megan’s answer was a flat stare.

“Right,” Charlie said. “So we put the loss in one of my client accounts. Sanderson— no, he’ll smell something wrong. Caldwell.” He grinned. “Caldwell. Caldwell’s on vacation. He won’t even notice. And he has sufficient collateral to cover any margin calls.”

“He’s not going to notice millions of losses? This won’t attract his attention?”

“Issue a correction once we’re in the black. I’ll call Caldwell and tell him it was a computer error.”

“Charlie,” Megan said, “I dassant do this for you.” The Ozarks was beginning to seep into her voice.

“These sorts of mistakes happen every day. You know they do.”

“Not for this much money. And it’s my
job
to catch just this sort of error.”

“Just till Monday,” Charlie said. “Dearborne plays golf every Monday at one o’clock.”

Megan’s eyes flashed. “How’s Monday going to make a difference?” she demanded.

“The rally was over, I could tell,” Charlie said. “The momentum was gone. People are going to have the whole weekend to reevaluate their positions. Prices are going to fall on Monday.”

He hoped.

He leaned forward over Megan’s desk, fixed her with his blue eyes. “Just till tee time, that’s all I ask. Then you can issue a correction. Dearborne won’t even look at it, he’ll just see Monday’s totals after the markets close.”

Megan bit her lip. “This is how Nick Leeson lost Baring’s,” she said.

“No!”
Charlie shouted. Anger seemed to flash his blood to steam. He pounded a fist on the desk. “Nick Leeson lost Baring’s
because he was a fucking incompetent trader!”
He thumped his own chest. “I am
a fucking great trader!
I am the lord of the fucking trading jungle!”

He realized Megan was leaning back, away from his anger. What he saw in her eyes wasn’t fear, it was distaste. She hated weakness, he reminded himself. Hated fear, hated panic.

Charlie lowered his voice, tried to catch his breath. He had to make it all logical, all reasonable.

He reminded himself that he was asking her to go clean against her training and instincts. Not to mention the law. It was her job to balance the books. It was something she took pride in. Now he was telling her
not
to balance them, to shove a colossal loss under the rug. He had to keep talking, to keep Megan working on the problem, see it from his point of view.

“I just need to get over this little bad patch, that’s all,” he said. “Just help me with this.” He felt sweat running down his face. “After this is done, we can relax. Call the caterers, get some duck, some veal. Call a masseuse over to the house, make sure we’re good and relaxed. Open a bottle of Bolly. We can have a quiet weekend together.” He looked at her. “It’s your money, too, sweetheart.”

She looked at the screen. Gnawed a nail. Then bent over her keyboard, her lacquered nails rattling on the keys.

“Caldwell
better
be on vacation,” she said.

“You’re brilliant!” Charlie cheered.

“No, I’m not,” she said. “I’m just crazy.” She looked at him darkly. “But not as crazy as you.”

SIX

At the little Prairie, thirty miles lower down, [the steam-boatmen] were bro’t to by the cries of some of the people, who thought the earth was gradually sinking but declined to take refuge on board without their friends, whom they wished to collect. Some distance below the little Prairie the bank of the river had caved in to a considerable extent, and two islands had almost disappeared.

Natchez, January 2,1812

The Reverend Noble Frankland looked into his wife’s sitting room. “Time to go, sweetie pie,” he said.

Sheryl looked up from her work. “Just a second, teddy bear,” she said.

Sheryl used tweezers to pick up a tiny piece of paper, no larger than the head of a pin, dip it carefully in glue, and then place it carefully in the eye of an angel.

She was doing her art. Sheryl had been working at this project for longer than the twelve years of her marriage to Frankland.

Her chosen medium was postage stamps. Sheryl bought them by the thousands, the more colorful the better, and cut them up into tiny pieces each the size of a snowflake. These she glued onto bolts of black-dyed linen in designs representing scenes from the Book of Revelation. The pictures were amazingly intricate, like those miniature paintings drawn with three-hair brushes, but the scale of the work was enormous. The entire work was over fifty feet long, and Frankland had never been permitted to see all of it, though occasionally he’d caught glimpses of it over Sheryl’s shoulder as she worked. Just the
bits he’d seen took his breath away. Horsemen and angels, the saved and the damned, the Whore of Babylon and the City of God, all blazing in the brightest of colors, all shown in the most exacting detail. When Sheryl depicted a demon, she showed it to the pockmarks on its skin and the gleam of wickedness in its eyes. You could practically smell the garlic on its breath.

No commercial artist could ever produce work like this. The labyrinthine detail combined with the huge scale would have defeated any attempt to profit from such a work. Only a person inspired to devote her life to the work could possibly assemble such a thing.

Frankland stood by and waited for Sheryl to finish. She had always wanted to be a pastor’s wife, and she hadn’t shrunk from any of her duties, but when they married she had demanded one promise from him. “I want you to let me have an hour a day to work on my Apocalypse,” she’d said. “And the rest of the time is for you and the Lord.”

He hadn’t minded. Frankland had projects of his own. They’d spent many hours in pleasant silence, Sheryl working on her art, Frankland working on his plans— perhaps equally detailed— for the End Times, the plans that he kept in fireproof safes in the guest bedroom closet.

Sheryl finished the angel’s eye— it glowed a beautiful aquamarine blue, with a little wink of postage-stamp light in a corner of the pupil— then blew on the glue to dry it and rolled up the linen scroll. “I’m ready, sugar bear,” she said.

The picket signs were thrown in the back of the pickup truck, and Sheryl climbed into the driver’s seat. Sheryl put the truck in gear and wrestled the wheel around to point it toward Rails Bluff.

The pickup was a full-size Ford, and Sheryl had to work hard to make the turn, but Frankland did not want power steering on his vehicles. Or air-conditioning, power brakes, power windows, or power
anything.

It wasn’t that he objected to these conveniences as such. It was just that he figured that during the Tribulation, spare parts for power steering mechanisms and other conveniences might be hard to come by, and he didn’t want his ministry to be immobilized by the failure of something he didn’t actually need.

He wiped sweat from his brow with his handkerchief. Maybe, he thought, he should have relaxed his principles in regard to air-conditioning.

At least the sun was beginning to sink toward the west. The heat would soon begin to fade.

The truck jounced out of the driveway and onto the asphalt. Frankland rolled his window all the way down, and inclined his head toward the air that blasted into the cab as the truck picked up speed. He waved at Joe Johnson, one of his parishioners, who was pacing along the edge of one of his catfish ponds. Johnson looked up from beneath the brim of his Osgold feed cap and gave a wave.

The pickup drove on. Cotton fields broadened on either side of the road.

“Robitaille,” Sheryl said flatly. She slowed, swinging the big truck toward the shoulder. A large, elderly Lincoln zoomed past, heading in the opposite direction, its driver a dark silhouette behind its darkened windshield. Frankland looked over his shoulder at the Lincoln as it roared away. He could feel distaste tug at his features.

“Driving like a maniac, as usual,” he said.

“Driving like a drunk,” said Sheryl.

The Roman Enemy, Frankland thought, and turned to face the foe.

The Rails Bluff area had so few Catholics that there was no full-time priest in the community. The little clapboard Catholic church shared its priest with a number of other small churches in the area, and Father Robitaille drove from one to the other on a regular circuit. In Rails Bluff he heard confession and said mass on Monday nights, then roared off in his rattletrap Lincoln to be in another town by Tuesday morning.

Robitaille did not show the Church of Rome to very good advantage. He was from Louisiana originally, but alcoholism had exiled him to rural Arkansas. And he drove like a crazy man even when sober, so sensible people slowed down and gave him plenty of room when they saw him coming.

“I don’t know how he’s avoided killing himself,” Sheryl said.

“The Devil protects his own,” said Frankland.

A cotton gin shambled up on the right, corrugated metal rusting behind chain link. 750 friendly people welcome you, a road sign said.

The population estimate was an optimistic overestimate. Both in terms of number, and perhaps even in friendliness.

The Arkansas Delta, below the bluff, featured some of the richest agricultural soil in the world combined with the nation’s poorest people. The mechanization of the cotton industry had taken the field workers off the land without providing them any other occupation. The owners had money— plenty of it— but everyone else was dirt-poor.

Rails Bluff, however, envied even the folks in the Delta, and sat on its ridge above the Delta like a jealous stepsister gazing down at a favored natural child. The county line ran just below the town on its bluff, and all the tax revenue from the rich bottom land went elsewhere. It was as if God, while showering riches on everyone in the Delta, had waved a hand at everyone above the bluff and said, “Thou shalt want.”

In the Delta, many people were poor, and a few were rich. In Rails Bluff,
nobody
was rich.

Now that a Wal-Mart superstore had opened in the next county, things in Rails Bluff had grown worse. The hardware store had just gone under, and the clothing store was hanging on by its fingernails.

If the world did not end soon, Frankfand thought, Rails Bluff might well anticipate the Apocalypse and vanish all on its own.

The truck drove past an old drive-in theater, grass growing thick between the speaker stanchions, and then passed into town. Sheryl pulled into the parking lot of the Piggly Wiggly, and Frankland saw that Reverend Garb was already waiting, standing with one of his deacons, a man named Harvey, and a smiling, excited crowd of young people, members of his youth association.

Garb was a vigorous man in gold-rimmed spectacles, pastor of Jesus Word True Gospel, the largest local black church. The kids— all boys between the ages of twelve and eighteen— were all neatly dressed in dark slacks and crisp white shirts. Garb and Harvey added ties to the uniform. All wore white armbands.

Frankland hopped out of the pickup and shook Garb’s hand. “Glad you could make it, Brother Garb.” He looked at Garb’s youth brigade. “I hope
my
parishioners give us such a good turnout.”

“I’m sure they will, Brother Frankland. Some are here already.”

Frankland looked at the rows of cars and trucks parked at the Piggly Wiggly, saw familiar faces emerging. He greeted his parishioners as they approached, heartened by their numbers.

As he was talking to one of his deacons, a battered old 1957 Chevy pickup, rust red and primer gray, rolled off Main Street into the parking lot, a big man at the wheel. There was a gun rack in the truck’s rear window with an old lever-action Winchester resting in it. Frankland walked toward the pickup truck to greet its driver. Pasted on the back window was a sticker that read TRUST IN GOD AND THE SECOND AMENDMENT.

“Hey, Hilkiah,” said Frankland.

“Hey, pastor,” Hilkiah said cheerfully.

Hilkiah Evans stepped out of the truck. He was a tall man with broad shoulders, powerful arms, and a pendulous gut. His prominent nose had been broken over most of his face, and his arms were covered with tattoos. The old ones, the skulls and daggers and the Zig-Zag man that dated from his time in prison, were getting blurry with age as the ink began to run— a contrast to the later tattoos, the face of Jesus and the words “Jesus is Lord,” which were sharp and clear. A naked woman, prominent on his left bicep, had been transformed into an angel through the addition of a pair of wings and a halo.

Hilkiah was one of Frankland’s success stories. After his second stretch for armed robbery, Arthur Evans had been introduced to Frankland by a member of his church, Eliza Tomkins, who was also his parole officer. Though Arthur had at first resisted Frankland’s efforts to get his mind straight, it was clear that Eliza had detected a void in the man, a void that needed to be filled with belief and with the Light.

And, by and by, Arthur had listened, and as a mark of his conversion had changed his name to Hilkiah. Now he was one of Frankland’s stalwarts, a deacon and a tireless organizer. He had joined the Apocalypse Club and purchased a two years’ supply of food, although he’d had to do it on credit. Though he always had to scrape to make ends meet and was always working at least two jobs in the community, Hilkiah nevertheless donated much of his time to work at the radio station, to helping with church projects, with the youth and outreach programs.

And of course with the Christian Gun Club. He had given a great many young parishioners their first lessons in the use of a firearm.

His involvement with the Gun Club was, technically, illegal and a violation of his parole. But since his parole officer was also a member of Frankland’s congregation, she had decided to ignore the technicalities.

Besides, it was ridiculous to tell someone in a place like Rails Bluff that he couldn’t own a gun, even if he was a convicted armed robber. Sometimes the law was just silly.

“Hope I’m not late,” Hilkiah said.

“Not at all. I’ve barely got here myself.”

Hilkiah reached into the bed of his truck and lifted up a large Coleman cooler. “I brought some Gatorade. Thought people might get thirsty in this heat.”

“Bless you, Brother Hilkiah,” Frankland said. He should have thought of that himself.

Hilkiah set up the cooler on the tailgate of his truck along with some plastic cups. Reverend Garb came over to shake hands with Hilkiah, and then he turned to Frankland.

“Shall we get started?“ he asked. “Or are we waiting for someone?”

Frankland glanced along the road. “I was expecting Dr. Calhoun,” he said. “Maybe we should wait a few more minutes.”

Garb glanced toward Bear State Videoramics. “There’s Magnusson standing in the door,” he said. “He doesn’t look so happy to see us.”

“He that seeketh mischief,” Hilkiah said, “it shall come unto him.”

“The way of transgressors is hard,” said Garb, skipping a little further in the Book of Proverbs.

There was a silence while the others waited for Frankland to produce a quote, but Frankland’s mind spun its gears while it groped through its limited stock of citations, and it was Hilkiah who finally filled the silence with “A wicked man is loathsome, and committed to shame.”

“’Scuse me, teddy bear,” said Sheryl. “You forgot something.”

Sheryl approached and tied a white band around his arm. “Thanks, honey love,” said Frankland.

“I’m going to go back to the studio and check up on Roger,” Sheryl said. “I’ll be back at ten o’clock to pick you up, okay?”

“Okay,” Frankland said. They kissed, and she walked to the truck. Roger was the boy volunteer they had minding the radio station— not a big job, because all he had to do was load prerecorded programs— but Roger was fourteen, and Sheryl didn’t want to leave him alone with complicated equipment for too long a stretch of time.

“The Lord gave you a good woman, there,” Garb said with a smile.

“Don’t I know it,” said Frankland.

The rear wheels of the Ford spat gravel as it wheeled out of the parking lot, horn tooting. Another auto horn answered, and Frankland saw Dr. Lucius Calhoun boom into the parking lot in his Oldsmobile, waving from the window with his left arm as he spun the wheel with his right. He was followed by a regular convoy of vehicles, and as they drove into the parking lot they all began to sound their horns, a joyous noise unto the Lord.

“Sorry to be late,” Calhoun said as he popped out of his car. He was a young man, short and vigorous, barely thirty though already bald on top, with a ginger mustache and a broad grin. He shook Frankland’s hand and Garb’s.

“We were planning on coming in the bus,” he said. “We had bus-sized banners and everything. But that ol’ fuel pump started kicking up again, so we had to convoy down.”

Dr. Calhoun seemed to spend as much time waging war with his church bus as he did fighting the Devil. Frankland had always enjoyed the stories of Calhoun’s travails.

On the other hand, the Pentecostal Church could at least
afford
a bus. At Frankland’s outfit, all the money went into the radio station and the bunkers of survival supplies.

“Shall we get started?” Frankland said.

Each pastor organized his own flock, handing out signs that said PORNOGRAPHY ATTACKS THE FAMILY or RAILS BLUFF FAMILY VALUES CAMPAIGN or FIRST AMENDMENT DOES NOT PROTECT FILTH.

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