A few months ago I read a book by Karl Marx on capital. Elizabeth gave it to me, with a smile on her face. A strange experience, as the author's awe exceeds even my own. He is the first to understand the complexity of capital and its subtlety. His account is that of a lover describing his beloved, but after describing her beauty and the sensuality of her power, he turns away from her embrace and insists that his love should be destroyed. He could gaze clearly into the nature of capital, but not into his own character. Desire is written in every line and paragraph of his book, but he does not see it.

In my case, I surrendered to the excitement that came over me when I glimpsed the extraordinary process by which food turned into labour into goods into capital. It was akin to a vision, a moment of epiphany, all the more surprising because it was so unexpected. It was a strange process, this metamorphosis of a curate's son into a businessman, and deserves some description, not least because it involved events now completely unknown.

I am considered a secretive man, although I do not see myself in this fashion. I do not guard my privacy with any unusual jealousy, but feel no need for all the world to know my affairs. Only one thing have I hidden which is of any importance. This account will, I hope, explain some elements of my life and may give the information needed for fulfilling the requirements of my will. It is an aide-memoire, and I put down here all the details I can remember while I conduct my search for a definitive answer.

I write sitting in my office in St James's Square, and all is quiet. Downstairs, my Elizabeth is curled up in front of the fire, reading a book, as she usually does in the evening before going to bed. I can imagine her yawning, her face illuminated by the firelight, entirely beautiful and calm. As there is no one there, she will be wearing her reading glasses. When she hears me coming down the stairs, she will whip them off and hide them; it is her vanity. I would tell her it means nothing to me, but having to use them so annoys her that I do not wish to trespass on her little secret. For the rest, she is at peace; I have given her that, and it is the best and most worthwhile thing I have ever done, worth more to me than all the factories and money I have accumulated over the years. I will not have it disturbed. But I must settle this other business once and for all; it has been gnawing at me for some time, and I am no longer young enough to afford any delay. I will find the truth, and will settle my mind. I do not fear that it will disturb Elizabeth greatly, as likely as not, the story ended long ago. I wish to know; that is all.

I will write as my researches progress; I have begun my enquiries, they will bear fruit sooner or later. I am, I am sorry to say, unused to not getting what I want. In that lies my reputation for arrogance and I suppose it is probably deserved. It is necessary; a humble businessman is about as much use as an arrogant priest and if you are not by nature self-confident, then you must appear so, or you will fail. It is not a quality that will ever be sung about by poets, but like all the darkness within us, such characteristics – shame, guilt, despair, hypocrisy – have their uses.

This pensiveness is foolish, I know. It began simply because of the death of William Cort; he asked me to come and see him in his wasting state and I went, travelling down to Dorset, where he had lived for the past forty years. A mournful meeting, but he was resigned to his end and not unhappy. Life had been a burden to him and he was looking forward to being rid of it. He gave me his message; it weighed on him. I made some remark, changed the subject as quickly as possible. Then I dismissed it from my mind. But it would not go. The thought came back to me, nestling in the back of my mind, ambushing me at the strangest of moments.

And when I was sitting with Tom Baring, trying to come up with an insurance policy to safeguard my companies in case of accident, the thought came into my mind once more. It would be an appropriate denigration, I thought, to tame my unease by using it so cynically. A block on opening the books so that the great hole in the finances is not revealed to shareholders – not watertight, nothing can be, but enough to enable an ingenious solicitor to tie everything up in knots for as long as is necessary.

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