The Realm of Ashkar Start reading

What the Ledger Could Not Hold

The attempts stopped.

They did not taper away, as Balif had half expected, the way a fever loosens its grip over several nights. There was no final warning, no blade found beneath a mattress, no cup thrown aside at the last moment. One week the palace was a place where a balcony could fall and a physician could turn out to be a dead man’s name, and the next it was simply a palace again, full of draughts and footsteps and the smell of beeswax on the long floors.

They simply stopped.

For weeks the palace waited for something to happen, and Balif felt the waiting in his own shoulders whenever he walked the western galleries. He saw it in the guards, who had learned to look at a delivery cart the way other men looked at a snake in the grass, and in the kitchen staff, who handled every sealed jar as though it might bite. Nothing happened. A month passed, and the rain came and went against the high windows, and then another.

The guards went on inspecting deliveries all the same. Servants were still questioned when their schedules changed. Royal routes were altered so often that even those travelling them sometimes learned their destination only shortly before departure, and Balif had twice found himself sitting in a carriage with no idea at all where it was going, which he told himself was a good sign and did not entirely believe.

The Supreme Ruler kept most of those measures in place. He did not know whether the danger was over. Neither did Balif, who had spent the better part of a year learning exactly how little he knew and had come to regard the knowledge as the one solid thing he owned.

The difference, Balif thought, was that neither of them pretended otherwise.


The small room at the end of the west passage had slowly become the centre of the investigation without anyone deciding that it should. The Supreme Ruler found Balif there one evening with the lamps lit and rain whispering at the single window. The room smelled of ink, candle smoke and tea that had been cold since the afternoon.

The wall was still covered in names, dates, copied accounts and reports, pinned up in rows that had begun neatly and had long since stopped being neat. Some of the connections between them were clear. Most were not. Balif sat hunched at the desk with three different versions of the same payment record laid out in front of him, his reading lenses on the end of his nose, a white-bearded man of sixty-eight in dark practical layers with pockets everywhere and a cup at his elbow that he had plainly forgotten.

The Supreme Ruler stood in the doorway for a while before he spoke. He was a tall man and a still one, dark hair greying at the temples, and he had a way of standing in doorways that made rooms feel smaller. “Still nothing?”

Balif glanced up over the lenses. “Depends what you mean by nothing.”

“That usually means nothing,” the ruler said.

Balif pushed one of the papers aside with two fingers, as though it had disappointed him personally. “No new attempt.”

“How long?”

“Four months.” Balif did not need to look at his notes for that.

The ruler came in. He did not sit, and he did not touch anything; he had learned long ago that Balif’s piles had a logic known only to Balif, and that disturbing one could cost an hour of muttering. Instead he stood before the wall and looked at it slowly, from one edge to the other, the way he read a map before a campaign.

The balcony, and the thin crack along the underside of its outer support. The carriage, and the fastening pin filed almost through. The hunting route, and the rain that had sent him another way. The false physician. The unknown servant. The poisoned dart behind its grate. The names of dead witnesses, each with a line drawn under it in Balif’s careful hand, and the names of companies that had existed only long enough to move money somewhere else and then had quietly ceased to be.

He had seen most of it before. This time he spent longer looking at the gaps, at the bare plaster between the papers where a thread ought to have run and did not.

“They stopped too cleanly,” he said.

Balif looked toward him and took off his lenses. “That has bothered me.”

The ruler nodded slowly, still facing the wall. “If the early attempts failed because people panicked, then I understand why they left traces.”

Balif waited, the way he always waited when a thought was still half built.

“The later ones were different.”

“Yes.” Balif did not look away from him.

“And now nothing.”

“Yes.”

The Supreme Ruler studied the wall again, his hands clasped behind his back. “So either whoever came later withdrew, or they decided waiting was better.”

Balif turned his folded lenses over in his fingers and considered it. “Or they were told to stop.”

“By the people paying them?”

“Possibly.” Balif set the folded lenses down on the desk.

The ruler’s eyes went to the copied accounts pinned at the far end of the wall, the ones with the columns of figures. “You still can’t connect the payments to the people inside the palace.”

“No.”

“And you still think they were Shadow Weavers.”

Balif hesitated. He looked down at the desk, at the three versions of the same record, as if one of them might be persuaded to answer for him. “I think the methods fit.”

“That wasn’t my question,” the ruler said.

“No.” Balif lifted his head and met the ruler’s eyes. “I still think it was them.”

The Supreme Ruler nodded. He had reached much the same conclusion himself, somewhere in the long nights of the past months. But belief was not proof. He could not hang a guild on what he believed, and that distinction had become more important to him with every month.

He looked at the wall a moment longer. Then he reached past Balif, picked up the forgotten cup, and set it down again an inch further from the papers, out of the way of the next elbow.


The Gilded Coven had its own version of the same silence, and Lord Cassovar Merent hated it.

He hated it in the mornings, when the post came up on its silver tray with nothing in it that mattered, and in the evenings, when he sat alone with the lamps turned low and the bells of the counting houses marking the hour through the shutters. He was a lean man with silver at his temples and a long, still face that gave very little away, and he had built a life on the principle that every silence could be priced. This one could not.

He went on sending messages through the channels Emmeran Vos had used. None were answered. He sent a second intermediary, a careful man who knew the lower city, and the careful man came back with nothing. A third returned without ever having found the contact at all.

Then the black coin disappeared from Emmeran’s locked drawer. The lock was untouched, everything else lay exactly where Emmeran had left it, and no one knew when it had happened.

Cassovar understood the message. He read Emmeran’s account of it twice, as he read everything, and tapped one finger on the page while he thought, and arrived where he had known he would arrive. The Shadow Weavers were finished with them.

They simply had no intention of saying so.


The room was on the second floor of the Merent house, at the back, overlooking a narrow court where the rain collected in the gutters and dripped. Emmeran Vos had never been in it before that week; the servants had learned to carry Cassovar’s papers from one study to the next without asking why.

“They’ve walked away,” Cassovar said. He stood behind the desk instead of sitting at it.

Emmeran sat opposite him, a quiet, unremarkable man with rings on his fingers, who was careful in everything and most careful in what he said aloud. “We don’t know that.”

“They aren’t answering,” Cassovar said.

“They rarely answered before,” said Emmeran.

“They took the coin.” Cassovar said it as though it were a figure at the foot of a column.

“Yes.” Emmeran turned one of his rings a quarter turn on his finger and left it there.

Cassovar turned from the window. “And you think that’s normal?”

“I don’t know what normal is with them,” Emmeran said, which was the truest thing he had said in some weeks.

He studied Cassovar across the desk and did not like what he saw. Cassovar looked exhausted. The campaign had worn him down in ways that money could not repair. He changed meeting rooms without explanation. He asked who had seen a document before he would allow it onto his desk. He had begun distrusting people he had worked beside for years, and Emmeran sometimes wondered, without letting the wondering reach his face, whether he was one of them.

“What about the advance?” Cassovar asked.

“Gone.” Emmeran did not soften it; there was no way to soften it.

“All of it?”

“Yes.”

Cassovar looked toward the window again, at the wet grey court and the dripping gutter. For a long time he said nothing at all, and Emmeran, who knew him, let the silence run.

At last Emmeran asked, “What do you want me to do?”

Cassovar’s answer came quietly. “Nothing.”

Emmeran watched him. In all their years together he could not remember that answer once. “That is new.”

Cassovar ignored the comment. “We are not contacting them again.”

“What if they contact us?”

Cassovar considered it, one finger resting on the bare desk, tapping once, twice. “Then we listen.”

“Only listen?”

“Yes.” Cassovar took his finger from the desk.

Emmeran nodded, and stood, and smoothed his coat. He did not ask anything more. That was enough.


Odran Pell did not accept the end so easily, and Cassovar had known he would not.

He arrived at the Merent house without warning on a raw afternoon, with the wind coming hard off the river and rattling the shutters. The servant at the door attempted to stop him, and Cassovar heard it from the study: a polite voice raised in alarm, then a louder voice that did not trouble to be polite, then boots on the stairs.

Odran had ignored the servant. He came into the study still wearing his riding coat, mud splashed to the knee, young and broad-shouldered and expensively dressed, with a face that had never in its life managed to hide a single thing it felt.

Cassovar looked up from his papers. “You could have sent word.”

“I did,” Odran said, dropping his gloves on the desk.

“I told you I was unavailable.”

“You’re here.”

Cassovar stared at him, long enough that a wiser man would have sat down of his own accord. Odran pulled out a chair and sat in it as though he had won something.

“The Shadow Weavers are gone.”

“Yes.”

“So what now?”

“We stop.” Cassovar laid his pen down beside the ledger.

Odran laughed once, a short bark of a laugh. Cassovar did not, and the sound died quickly in the quiet room.

“You’re serious.” The grin went out of Odran’s face by degrees.

“Yes.”

“After all of this?”

“Yes.” Cassovar did not raise his voice.

Odran leaned forward with his elbows on his knees, and the mud on his boots flaked onto the carpet. “We nearly had him.”

Cassovar’s face tightened. It was a small thing, a drawing-in at the corners of the mouth, but Odran saw it and pressed on as if he had not. “No,” Cassovar said.

“We did.”

“The balcony failed.”

“The carriage almost worked.”

“The stablemaster ran.”

“The hunting route failed before he even arrived.”

Odran shook his head hard. “That isn’t the point.”

“It is exactly the point.”

Cassovar paused. Then he looked away, toward the shutters and the wind behind them. The argument was starting to sound familiar. Too familiar. He had heard it before, in other rooms, in his own voice, in the long nights when he had told himself that one more attempt, better planned and better paid, would put an end to all the others.

Odran watched him. “You wanted this as much as I did.”

Cassovar did not deny it. “Yes.”

That surprised Odran; it was there on his open face before he could do anything about it, the look of a man who has braced against a door and found it already open. Cassovar went on in the same level voice.

“And I thought we could control it.”

Odran frowned at him. “We could.”

“No.”

“We just needed better people.”

“We hired better people.” Cassovar looked straight at him. “And then we lost control of them too.”

Odran said nothing. For once he did not seem to have anything ready.

Cassovar’s voice remained flat. “We did not know who was cleaning up the early attempts. We did not know who was inside the palace later. We do not know who else knows about the contract.”

“That doesn’t mean we quit.”

“It does for me,” Cassovar said.

Odran stood up so fast that the chair rocked behind him. “You don’t get to make that decision for everyone.”

“I get to make it for anything that uses Assembly money, Merent money, or people answering to me.”

“And if I don’t need any of those?”

Cassovar looked at him for a long moment. There was no anger in him now; he searched for it and found the place where it had been, and found it empty, and that made what he said next heavier, not lighter.

“If you make another attempt, I will give your name to the throne.”

Odran stared. For several seconds he seemed not to understand the words. Then his expression changed, slowly, all the way through.

“You wouldn’t,” Odran said, but it came out half a question.

Cassovar said nothing at all.

Odran stepped closer to the desk. “You’d expose the rest of us.”

“I know.”

“Then you’re bluffing,” Odran said, and plainly wanted it to be true.

Cassovar looked tired, and did not trouble to hide it. “Don’t make me find out.”

Odran remained there a moment longer, his big hands opening and closing at his sides. Then he turned and left. He did not slam the door, and somehow that was worse than if he had. Cassovar sat very still and listened to his footsteps going away down the corridor until the wind in the shutters was the only sound left in the room.


Lady Sarethe Vey had already begun piecing together more than Cassovar wanted her to, and she had done it the way she did everything, slowly and by arithmetic.

She knew about the balcony. She knew Odran had arranged the hunting route, because Odran had never in his life kept a secret from a room he wanted to impress. She knew Emmeran had moved money through companies that no longer traded. And she knew Cassovar had met people he refused to name, because she had asked him, twice, and twice he had looked at her with that long still face and changed the subject.

She did not know everything. But she knew enough.

She came to see him once more, on a cold bright morning with frost still white on the roofs of the Gilded quarter. This time he did not delay the meeting. A servant showed her straight up, and she entered his study and remained standing, an old white-haired woman in sober grey who had sat in the Assembly longer than many of its members had been alive. One hand went to her temple and rubbed it, once, as though the climb had cost her something.

Cassovar gestured toward a chair by the window. She ignored it. “Is it over?”

He looked at her. “Yes.”

“Over how?”

Cassovar frowned. “What does that mean?”

“It means I want to know whether you stopped it, or whether someone else did.”

He looked away, toward the ledgers on his desk, and that was answer enough. Sarethe had sat across tables from frightened men for most of her life, and she knew what it meant when a man who never looked away looked away.

“The Shadow Weavers,” she said.

Cassovar said nothing. She took a slow breath. The room was warm, a fire going in the grate, and she felt cold all the same. “You hired them.”

“Sarethe.” It was a warning, of a kind.

“You actually hired them.”

Cassovar stood. “I am not discussing this.”

“You already are.”

He looked irritated, a faint impatient tightening around the eyes. She was not irritated, and she could feel that her calm was worse for him than any anger would have been. It made the room feel colder.

“I sat in those meetings,” she said.

“I know.”

“I supported the campaign.”

“Yes.”

“I knew we were putting pressure on him. I knew contracts were being interfered with. I knew some of it went too far.”

Cassovar looked at her across the desk. “But you didn’t know this.”

“No.” Her voice was lower now. “I did not.”

Cassovar looked down at the desk. One finger came to rest on the nearest ledger and stayed there, not tapping.

Sarethe went on, because she had come to hear the answer and would not leave without it. “Why didn’t you tell me?”

He took a moment. “Because you would have opposed it.”

“Yes.” There was no hesitation at all. “That should have mattered.”

“It did.”

“Not enough.”

Cassovar did not answer. Sarethe turned and looked toward the window after all, at the frost on the roofs. For a while neither of them spoke, and she listened to the fire settle in the grate and thought about the years she had sat across tables from this man, arguing figures, trusting his figures, never once thinking to doubt what lay beneath them.

Then she asked, “Was this still about the expansion?”

Cassovar looked at her. “What?”

“All of it.” She did not take her eyes from his face.

He frowned. “Of course it was.”

“No.” Sarethe shook her head slowly. “That is where it began.”

Cassovar looked away again. She waited. She had outwaited better men.

At length he said, “At some point it stopped being about twenty-eight million crowns.”

“When?”

“I don’t know.”

That answer frightened her more than anything else he had said. She had expected a date, a meeting, a single bad decision that she could hold up to the light and examine. She had not expected a man as careful as Cassovar Merent to stand in his own study and admit that he could not find the place where he had lost his way.

She looked at him for a long time. “You kept telling yourselves he was the problem.”

Cassovar remained silent.

“And every time something failed, you decided the answer was to push harder.”

“Yes.” He did not defend it.

Sarethe’s anger softened, very slightly. Not into forgiveness; she was too old and too honest for that, and the account between them was too large. It softened into disappointment, which was a quieter thing and would last a good deal longer.

“Then don’t pretend stopping now puts you back where you were.”

“I don’t.”

“Good.” She said it the way she would have initialled a correct sum.

She turned toward the door. Cassovar spoke before she reached it. “Sarethe.”

She stopped with her hand on the latch and waited. She could see, when she glanced back, that he had nothing useful to say, that he had spoken her name the way a man reaches out in the dark for a rail that is no longer there. After a moment she opened the door and left.

They would continue to see each other at formal gatherings. They would still speak when business required it. But the ease between them was gone.


The Arcanum came closer to the truth than anyone outside the conspirators knew, and it came there because Iven Marr found another set of records.

He sent for Balif, and this time they met away from the archives, in a small tea shop near the eastern market. It was a narrow, steamy place with six tables and a counter of dark wood, smelling of spiced milk and wet wool. Balif chose a table at the back, where he could see the door, and felt faintly ridiculous for having chosen it.

He was there at seven. Iven arrived nearly an hour late. By then Balif had finished one cup and started another, and outside the lamps had been lit along the market rows.

“You said seven,” Balif said.

“I know.”

“It is almost eight.”

“I changed routes,” Iven said, unbuttoning his coat.

Balif stopped with his cup halfway to his mouth. “You were followed?”

“I don’t think so.”

Balif gave him a look over the rim of the cup, the look he had once given students who claimed to have read the whole of a book.

Iven sighed through his nose. “I checked.”

He sat down. He was not human, and in the warm yellow light of the tea shop it showed more than it did among the archive shelves: skin the grey of unpolished silver, a bare skull traced with fine gold lines, eyes that were gold all the way through. He took a folded paper from inside his coat and placed it on the table between them.

Balif did not touch it immediately. “What is it?”

“A payment schedule,” Iven said.

“For what?”

“I don’t know.”

Balif set down his cup, put on his lenses and unfolded the paper. There were no names on it. There were only numbers, dates and account marks, column after column in a clerk’s small, regular hand. Several of them matched transactions he had already seen and pinned to his wall. One large payment occurred shortly before the false physician entered the palace. Another followed the poisoned-dart incident. A third came after the diplomatic reception.

Balif read the page again and felt the hair rise very slightly on the back of his neck. “Where did this come from?”

Iven looked toward the front window. “An archived copy.”

“Whose archive?”

Iven did not answer, and did not look away from the window.

Balif looked back at the paper. “Can you trace the receiving account?”

“No.”

“Why?”

“It doesn’t exist anymore.”

“Then it did exist.”

“Briefly.” Iven said it as though the word itself annoyed him.

Balif looked at him over his lenses. “And before that?”

“Pieces came from several firms.”

“Gilded?”

“Mostly.”

“Mostly?”

“Two weren’t.” Iven held up two grey fingers, as if Balif might need help with the count.

“Who owned them?”

“I don’t know.” Iven rubbed his hands together, long grey fingers, as though the tea shop were colder than it was. “They were used once, then closed.”

Balif frowned at the dates. “Who else has seen this?”

Iven did not answer. Balif waited, and went on waiting, and drank some of his second cup and found that it had already gone cold, and drank it anyway, and regretted it.

“People above me,” Iven said at last.

“How many?”

“I don’t know.”

“Do they understand what it might be?”

“Yes.” Iven’s voice did not change, but his hands went still on the table.

Balif folded the document along its old creases. “What are they going to do?”

Iven looked uncomfortable. “Preserve it.”

Balif stared at him. “That wasn’t what I asked.”

“I know.”

“Are they going to act?”

“No.” Iven said it to the table.

Balif’s expression hardened. He kept his voice low, because the shop was small. “You have Gilded money moving through dead companies on dates that match attempts on the Supreme Ruler.”

“Yes.”

“You have records that someone deliberately concealed.”

“Yes.”

“And you’re doing nothing.”

Iven looked at him. “We cannot prove what the money bought.”

Balif leaned back in his chair until it creaked.

“We cannot prove who authorised it,” Iven went on, flat and literal, as if he were reading out a catalogue entry. “We cannot prove who received the final payment.”

“Then keep investigating.”

“We are.”

“Quietly?”

“Yes.” Iven did not seem to find this strange.

“For how long?”

“I don’t know.”

Balif looked down at the folded document under his hand. The answer frustrated him. It also sounded familiar, because he had been saying much the same thing to the Supreme Ruler for the better part of a year.

“The records will be sealed,” Iven said.

“For how long?”

“No decision.”

“Who can access them?”

“Very few.” Iven turned his untouched cup a quarter turn on its saucer.

Balif looked up. “If you seal them too deeply, nobody will know they exist.”

Iven shook his head. “They will exist.”

“That is not the same thing.”

“No.” For once Iven did not argue. He looked tired, more tired than Balif had ever seen him. “The Arcanum is not going to accuse one of the strongest guilds in Ashkar of trying to murder the Supreme Ruler when we cannot prove who paid whom for what.”

Balif said nothing. He had made the same argument himself, more than once. That did not make it easier to hear across a tea-shop table.

Iven reached for the document. Balif’s hand remained on it a moment longer than it needed to.

“I need a copy.”

“No.”

“Iven.” Balif put a little of the old tutor into it.

“No.” Iven swallowed, and Balif saw the movement in his grey throat, but he held his ground. “These are not mine to give you.”

“You showed them to me.”

“Yes.”

“Why?”

“Because you needed to know you’re not imagining the pattern.”

Balif released the paper. Iven folded it once more and put it away inside his coat, against his chest, and buttoned the coat over it.

“The records will remain,” he said.

“Somewhere.”

“Yes.”

Balif did not like the answer. But it was the only one he was getting, and he had been an Arcanum man too long not to know it. He paid for both cups, and for the one Iven had not drunk, and walked home through the emptying market with his hands in his pockets and a column of dates running through his head like a tune he could not stop humming.


He did not tell the Supreme Ruler everything. Balif turned it over all the next day and came out each time in the same place: the Arcanum’s sealed records were not his to expose. He had been an Arcanum man once, as a young man with ink on his cuffs, and some of its rules still held him.

But he did tell him about the payment pattern.

The private study was a long, plain room lined with books, its fire lit against the evening chill, and it smelled of cedar oil and old parchment, as the ruler himself always did. The Supreme Ruler listened standing beside the long table, a cup of wine in his hand that he had not touched. Balif had recreated the dates from memory on slips of paper, and now he laid them out on the table one by one in a line, like a man laying out cards. “Here.”

The Supreme Ruler looked down. “Before the physician.”

“Yes.”

He pointed with the cup at the next slip. “And this?”

“After the dart,” Balif said.

“And this one?”

“After the reception.”

The ruler looked at the amounts for a long time. “They were paying someone repeatedly.”

“That is what it looks like.”

“Through Gilded companies.”

“Mostly.” Balif had known that would be the word to catch.

The ruler looked up from the table toward him. “Mostly?”

“Some of the money moved through firms that were not obviously Gilded.”

“Could they still be controlled by them?”

“Yes.”

“Could they be unrelated?”

“Yes.” Balif would not give him more than that, because there was no more to give.

The Supreme Ruler stared at the dates again. After a while he said, “Merent knew.”

Balif took off his lenses. “That is stronger than I would put it.”

“I know.” The ruler did not look up.

The ruler set the untouched wine down at the end of the line of slips, very precisely, as if it were one more date. “Odran could have arranged one foolish attempt by himself. Perhaps two. But not this.”

Balif said nothing.

The ruler tapped the dates with one long finger, one after the other. “This takes money, people and patience.”

“Yes.”

“Merent may not have ordered every action. He may not have known every name.”

Balif nodded, because it was true.

“But money like this does not move through Gilded circles for months without someone senior asking where it is going.”

“That is an argument.”

“It is,” the ruler agreed.

“Not evidence.”

“No.” The ruler looked tired, more than Balif liked. “But enough for you.”

“Enough for me to believe it.” Balif sat, and his knees grunted at him as he did. “Not enough for a council.”

The Supreme Ruler did not argue. He knew that already; Balif could see that he had known it before he asked, and had asked only so that one of them would say it aloud. Instead he said, “How much can we prove about Odran?”

“Enough to question him,” Balif said.

“Arrest?”

“Maybe.”

The ruler looked at him, and waited.

Balif folded the lenses and held them. “The hunting route is the clearest. But the people around him are dead, missing or frightened.”

“So a public case still risks collapsing.”

“Yes.”

The Supreme Ruler walked to the window and stood there with his back to the room, looking out at the dark gardens. Balif waited.

After a while the ruler said, “Then we do not start with arrests.”

Balif looked up. “What do you want to do?”

“Watch them.” He said it simply.

“We already are.”

“Not like before.” He turned from the window. “Contracts. Appointments. Access. Who they place inside ministries. Who receives favours. Who suddenly acquires money.”

Balif nodded slowly, seeing where this went.

“And we spread responsibility,” the ruler went on.

“Across other guilds?”

“Yes.” The ruler’s finger moved along the line of slips.

“Procurement?”

“Among other things.”

Balif understood, and something in his chest that had been tight for months eased by a fraction. The Supreme Ruler was not trying to punish the Coven without evidence. He was reducing how much damage they could do if his suspicions were right, and leaving himself the room to be wrong if they were not.

“What about Merent?” Balif asked.

“Nothing public.”

Balif looked at him. The ruler’s expression hardened, and his voice, when he spoke again, went quieter rather than louder, the way it always did when he was truly angry.

“That does not mean nothing.”


The destruction of evidence had already begun, and Cassovar oversaw it the way he oversaw everything, without hurry and without exception.

He ordered old correspondence burned. It went into the stove in the cellar of the Merent house a bundle at a time over several nights, and the smoke went up into the general smoke of the Gilded quarter and was lost there among a thousand other chimneys. Emmeran dissolved three companies. Velisse transferred records to private vaults and then destroyed the indexes showing where they had gone, so that the records still existed and could no longer be found by anyone who had not been told.

People who had handled early payments were bought off where possible. Some were sent abroad, with letters of introduction and a sum of money and a strong suggestion that the climate elsewhere would agree with them. Others were simply told their services were no longer needed.

Odran refused to cooperate at first. So Cassovar went to see him personally, on a grey evening with the clouds low over the rooftops.

The younger man lived in one of the newer Gilded districts, in a tall house of pale stone built during the years when the expansion still seemed limitless. Everything in it was new. The banisters still smelled of varnish. Odran received him in a room overlooking the city, with the lamps of the lower districts coming on one by one in the dusk below the window.

“What do you want?”

“Anything you kept,” Cassovar said.

Odran frowned. “About what?”

“The hunting route.”

“I kept nothing.” Odran said it too quickly.

“Letters?”

“No.”

“Names?”

Odran shrugged his heavy shoulders. “In my head.”

Cassovar looked at him for a long moment. “That is not helpful.”

“To you,” Odran said, and smiled for the first time.

Cassovar sat down without being invited, in a chair that had plainly cost more than it was worth. Odran watched him from across the room, and something changed in his open face, a dawning that was not quite satisfaction.

“You’re afraid.”

“Yes.”

The answer came so plainly that Odran seemed almost disappointed by it, as though he had been looking forward to dragging it out of him. Cassovar continued before he could recover. “They know something.”

“How much?”

“I don’t know.”

“Then why are we burning everything?”

“Because I don’t intend to wait until I do.”

Odran leaned against the window frame with the lights of the city at his back. “If they come for me?”

“Say nothing.”

“That’s your plan?”

“For you, yes.” Cassovar did not soften it.

Odran looked back over his shoulder, out at the city, and then at Cassovar again.

“You speak when you’re angry,” Cassovar said. “You speak more when you think people aren’t listening.”

Odran’s face tightened, all at once and visibly, as everything on that face happened. “You’ve always thought I was an idiot.”

“No.” Cassovar shook his head. “I think you enjoy being heard.”

That landed differently. Cassovar watched it land and saw the colour come up in the young man’s face. Odran looked away, out at the lamps of the city, and for a moment he looked younger than he was, and nothing like a man who had arranged a hunting route.

Cassovar stood. “If they question you, ask for counsel and say nothing else.”

“And if they arrest me?”

“Then I will deal with it.”

Odran turned and looked at him. “You mean protect me?”

Cassovar hesitated. It was only an instant, a breath taken and not used, but Odran’s face had never hidden anything, and it did not hide this. That was enough. Odran’s expression hardened, and set, and did not change again.

Cassovar left without answering. He went down the new staircase with its smell of varnish and out into the dusk, and did not look back at the window, though he knew perfectly well that Odran was standing at it.


The hidden Celestial watchers did not celebrate the end of the attempts. Over the palace roofs in those months the wind came and went as it always had, rattling the weathervanes and sighing in the chimneys, and if anything moved in it that did not belong there, nobody in the palace saw it.

They did not know with certainty that anything had ended. They only observed the same silence everyone else did. The suspicious movements around the palace thinned. Shadow Weaver watchers became harder to find, and then were not there at all.

The Celestial agents reduced their own interventions in turn. Not completely. Never completely.

The Supreme Ruler remained unaware that they had ever existed. Balif, who had found so much, never found their trail. That was intentional. Whatever duty the Celestial Winds believed they carried toward the ruler, they had no desire to place it in his hands, and so they returned to watching from a distance, as they had before any of it began.


The Supreme Ruler did not publicly accuse the Gilded Coven, and he had known before he decided it how few people the decision would satisfy.

It satisfied almost no one who knew pieces of the affair. He heard about it in the council chamber in the mornings and in the corridors after. Balif wanted stronger action on some days and greater caution on others, and argued both with equal conviction, sometimes in the same conversation. Several of the guards wanted arrests. A few officials, who had not seen the wall in the small room, believed the suspicious incidents were being exaggerated, and said so in careful voices.

The ruler listened to all of them. He closed his eyes now and then when the arguments went round for the third time, and opened them again, and went on listening. Then he made the same decision he had made before.

No purge. No public charge without evidence. But access narrowed.

Certain appointments required additional review now, by more than one office. Royal contracts were spread more widely across the guilds and the independent houses. Sensitive information no longer travelled through a single office. Security arrangements were separated so that no single official saw every route, every schedule or every guard rotation.

The changes were administrative. They were quiet, and dull, and buried in the ordinary business of government. They were difficult to protest without revealing why they mattered.

The Gilded Coven noticed them immediately.


Cassovar understood what was happening long before anyone said it aloud, because the numbers told him, and numbers had never once lied to him in his life. It was the people who used them who lied.

A procurement council that had once contained four Gilded representatives now contained two. A transport contract previously awarded through Coven banks went to an Aquatic consortium, at terms Cassovar privately admitted were not unreasonable. A royal advisory post that everyone had expected to go to a Merent ally was given instead to a minor neutral house that nobody at the Assembly could remember having dined with.

No one accused him of anything. That was the worst part. He could not protest without drawing attention to the pattern, and the pattern was the one thing he could least afford to have anyone look at.

Velisse Arquen noticed it too. She came into his study on a wet afternoon, small and upright, her dark hair drawn back so hard that it seemed to pull her face into composure, ink on her second finger as there always was. She placed several appointment lists on his desk.

“He is cutting us out.”

“Not completely,” Cassovar said.

“No.” Velisse did not argue the point.

Cassovar studied the lists, reading each one twice, one finger tapping slowly on the top sheet. “Enough.”

Velisse sat down opposite him and folded her hands in her lap. “What do you want to do?”

“Nothing.”

She looked at him, and he knew why. In all the years they had worked together she could never have heard him say that word as though he meant it.

“Not yet,” Cassovar added.

“He knows.”

“He suspects.” Cassovar tapped the top list once.

“That distinction didn’t help us when we were talking about him.”

Cassovar looked tired. He had been sleeping badly for months, and it was beginning to show at last, in the hollows under his eyes and the grey that had spread out from his temples. “No.”

Velisse watched him for a moment, very still, the way she went still when she was adding a column that everyone else had already totalled. “Do you regret it?”

Cassovar did not answer immediately. “Which part?”

“That is not an answer.”

“I know.”

He looked down at the appointment lists, at the neat columns of names that were no longer Gilded names, and his finger stopped tapping.

“I regret believing we could control what happened after we started.”

Velisse said nothing. She sat with her hands folded and the rain running down the window behind her, and he watched her understand that it was as much as he would give her. It was more than he had given anyone else.


The relationship between throne and Coven changed without ceremony. There was no declaration. There was no final confrontation. Meetings continued. Contracts were signed. Delegations bowed in the proper places and were bowed to in return.

The Supreme Ruler still received Cassovar Merent when Gilded business required it, and Cassovar still addressed him with the proper title, in the proper tone, and neither man mentioned balconies. Or carriage pins. Or dead physicians.

At one meeting concerning tariff reform, held in a long panelled audience room with the late sun slanting in across the table, they spent nearly two hours discussing grain duties. They went through the schedules line by line with clerks at their elbows and nobody raising a voice. The conversation remained polite throughout. Once Cassovar made a dry remark about the price of barley in the northern provinces, and the ruler very nearly smiled, and both of them seemed faintly surprised by it.

When Cassovar had bowed and gone, the Supreme Ruler sat a moment longer at the table with the sun going off it. Then he turned to the clerk and asked for a full record of everyone who had accompanied the Gilded delegation: names, offices, houses, who had stood where. The clerk wrote it down and did not know why.


Cassovar went down the palace steps into the evening with Emmeran at his side, and the wind off the river tugging at their coats. Below them the city was lighting its lamps, and somewhere a bell was ringing for the end of the working day.

Halfway down, without slowing, Cassovar told Emmeran to find out which offices had received copies of the tariff proposal. Emmeran nodded and did not ask why.

Neither man knew the other had done almost the same thing.

Trust had become procedure.


The Gilded inner circle met again in the upper chamber of the Mercantile Assembly, under the hanging crystal lamps and the gold-veined marble, with the reliefs of the Coven’s old triumphs looking down from the walls. The same blackwood table remained. Cassovar found that he had expected, without ever thinking about it, that it might have been replaced, as though a table could be blamed.

New ledgers lay across it now. The losses from the expansion project no longer appeared as a single figure at the foot of a single column. Some of the debts had been repaid. Some companies had failed outright and been carried quietly to their graves. Others had found new markets. The Coven had survived. That was what it did.

Odran stood near the windows in his good coat, eating an apple, and did not sit. Velisse had several reports open in front of her and was still adding something in one of them. Emmeran sat quietly at the far end of the table with his ringed hands folded.

Sarethe was not there. Cassovar noticed the empty place by the window where she had once usually sat, the chair pushed in square to the table as though nobody had thought to move it. He did not comment on it.

“We are not making another attempt,” he said.

Odran looked toward him over the apple. “You already said that.”

“I am saying it here.”

Velisse closed one report. Emmeran nodded. Odran did not.

Cassovar continued in the same even voice. “No private arrangements. No hired men. No accidents.”

Odran folded his arms, the apple still in one hand. “So what are we doing?”

Cassovar looked down at the ledgers. “We go back to being what we are.”

Odran frowned. “That means what?”

“Merchants. Lenders. Ministers. Landholders.”

“That worked very well before.”

Cassovar ignored the tone. “The realm is larger than one dispute.”

“So we wait for him to die?”

“No.”

Odran looked at him, and for once did not fill the silence.

“We stop wasting everything on one outcome,” Cassovar said.

Velisse leaned back in her chair. “What do you suggest instead?”

Cassovar considered the question, and the table watched him consider it. He did not have a grand plan, and he knew that the others expected one, and he knew it mattered that he did not. There was no master strategy waiting beneath the failed assassinations. There were only lessons, and they had been expensive.

“Protect our interests,” he said.

“We were already doing that.”

“Then do it better,” Cassovar said.

Velisse waited, her hands folded on the open report.

Cassovar looked toward the maps on the wall, at the painted spread of Ashkar and the green where its roads gave out. “If a royal policy costs us, we oppose it. If another guild offers better terms, we work with them. If the throne needs something from us, we negotiate.”

Odran looked disappointed. He set the half-eaten apple down on the blackwood table, where it would leave a mark. “That is all?”

“For now.” Cassovar did not look at him.

“What about him?”

Cassovar looked toward him down the length of the table. “The Supreme Ruler is not the only thing in Ashkar.”

Odran said nothing.

Cassovar had once behaved as though he was, and had spent years and a great deal of other people’s money behaving that way. That was part of the mistake. He knew it now, sitting under the crystal lamps with the empty chair by the window, and he suspected he would go on knowing it for a long time.


The Shadow Weavers reached a different conclusion, in a room beneath an abandoned bell tower where the rain came in through the louvres overhead and the old bell rope hung rotting in the dark.

They had not failed, the silver-ringed woman thought, in the way the Gilded Coven believed they had. The Supreme Ruler remained alive because they had chosen not to finish the contract, and she still thought it had been the right choice, whatever the scarred man thought of it.

They had watched the aftermath from a distance. The palace had become more suspicious, its routes and its doors and its servants all harder to read. The Gilded Coven had become divided. The relationship between two of the realm’s major centres of power had weakened without open war, and without a single body anyone could point to.

The veiled figure considered that useful. The woman could tell from the stillness under the plain cloth veil, which was the only way anyone could ever tell anything about the veiled figure.

The scarred man was less convinced. He sat on an upturned crate in his worker’s coat, picking at a splinter in his palm, the scar beside his mouth pulling his face a little crooked when he frowned. “We were paid to kill him.”

“Yes,” the veiled figure said.

“We didn’t.”

“Yes.”

“That used to matter,” the scarred man said.

The silver-ringed woman looked toward him, and the rings in her ear chimed faintly as she turned her head. “It still does.”

“Then why are we keeping the money?”

Neither of them answered immediately. Rain dripped somewhere in the dark above the bell rope.

The veiled figure said at last, in that low voice which never seemed to come from quite the same place twice, “Because they paid for access, time and risk.”

The scarred man frowned. “They paid for a body.”

The figure turned its veiled head toward him. “And if we had given them one?”

The man said nothing. The silver-ringed woman understood, and had understood for some time. A murdered ruler could have simplified things, for the Coven and for a great many others. A living ruler surrounded by suspicion complicated them, and went on complicating them. The Shadow Weavers had long preferred complications that other people mistook for accidents.

The scarred man still looked dissatisfied. He flicked the splinter away into the dark. “What if the Gilded come back?”

“They will,” said the veiled figure.

“And then?”

“We decide again.”

That was enough for now. The woman drew her heavy wool coat closer about her and listened to the rain, and thought that the Coven did not know what it had actually bought, which was, in its way, the finest part of the work.


Years of records did not disappear all at once. They scattered, the way a flock scatters when a stone is thrown into it, some birds going one way and some another and a few simply settling again a little further off.

A damaged payment schedule went into a sealed Arcanum collection. Copies of palace security reports were stored separately, in another building, under another seal. One clerk preserved an early pamphlet because he thought it demonstrated changes in political printing, and filed it with notes on the typefaces. The balcony inspection report survived because someone filed it among building maintenance, between a request for new guttering and an estimate for repairs to the stable roof.

Most Gilded records vanished, into stoves and private vaults and the indexes Velisse had destroyed. The Shadow Weavers left almost nothing that could be identified as theirs. And of the unseen interventions that had spoiled several attempts, there was almost no record at all.

No single archive contained the whole story. No single witness understood every part of it. That was why the truth was so difficult to hold.


Balif kept his own notes. Not all of them.

He sat in the small room at the end of the west passage on a quiet night, with the rain gone and the window black and the wall in front of him half bare already, where he had taken the papers down.

Some he destroyed, feeding them one at a time to the candle and dropping them into a tin basin to curl and blacken. Some he copied by hand, slowly, in the small careful script he had learned as a young man in the Arcanum, and the hand ached by the end of each page. Some he hid among records that appeared unrelated, a page here and a page there, where only a man who knew to look would ever find them.

The affair had taught him something he did not particularly like. Power did not always announce itself. Sometimes it arrived as a delayed shipment. Sometimes as a corrected document, or a payment routed through a company that had not existed for eight years. Sometimes an attempt failed, and that failure revealed almost nothing about who had ordered it.

Sometimes evidence was enough to know that something had happened, but not enough to decide what justice required. Balif had spent his whole life believing that the first would lead in time to the second, if one only worked hard enough. He was no longer so sure, and he found that at sixty-eight he resented being taught new things.

For now, this was what he had. Fragments. Suspicions. Names he could not prove belonged together.

He took off his lenses and folded them and set them on the desk. Then he placed the last of his papers inside a plain document case and closed the clasp. Years afterwards, Balif would remember that clasp — the small, ordinary click of it in the quiet room — as the only sound the whole affair ever made in ending, because nothing else about it had made any sound at all.


On a clear evening some while after, the city lay quiet, with smoke going up from a thousand chimneys and the lamps coming on along the river. In the palace the Supreme Ruler sat at the long table in his private study with the ordinary papers of the day before him, and beyond the palace walls the counting houses of the Gilded quarter rang their bells for the closing hour.

The Supreme Ruler remained on the throne. The Gilded Coven remained powerful. Neither side had emerged victorious.

The Coven had failed to overturn his decision. It had failed to turn enough of the realm against him, failed to make his government collapse, and finally failed to remove him. But failure did not restore what had existed before. The ruler no longer regarded the Coven as merely difficult partners. The Coven no longer regarded the throne as an authority that could always, in the end, be bargained with.

Meetings continued. Contracts were signed. Delegations still bowed. The language remained polite. Trust did not return.

Somewhere in the Gilded quarter, old accounts were being burned. Somewhere in the Arcanum, other accounts were being sealed away, behind doors few would ever open. The Shadow Weavers had withdrawn from the arrangement without explanation. And the ruler they had all circled around for so long was still alive, sitting at his table with his papers in the lamplight.

The Gilded Coven had spent years trying to place a price upon his removal. In the end, the ledger could record the money they lost. It could record the bribes, the contracts, the vanished companies and the payments routed through dead accounts, line after careful line, in the small hands of clerks.

What it could not record was the thing that mattered most.

They had failed.

And now both the throne and the Coven had to continue as though they could still work together.