Winston grinned. ‘You are a dark horse!’ he exclaimed. ‘And even more successful than I realized. You know, I think I’d like to work for you, Emma. It sounds challenging.’

‘I’m delighted. You can start on Monday if you like. It’s up to you. However, there are a few things you should know about me, Winston, if you are going to work here. First of all, I don’t like surprises, especially nasty ones. So you must always tell me everything. And if you make any mistakes, don’t hide them. As long as I’m informed they can be corrected. Secondly, I want you to understand something else and this is imperative. I never deal from a position of fear. Only from strength, and if I don’t have that strength I make damned sure the world thinks I do. You will have to learn to do the same if you’re going to act on my behalf. Do you think you can?’

‘Yes, Emma.’

‘Good.’ Her eyes focused on him intently. ‘I believe the key to success in business is discipline, dedication, concentration, and patience. And I won’t tolerate temperament in business. It is immature. I am not suggesting you are temperamental, but I want you to comprehend that you must always keep a cool head and you must never let emotions get in the way.’ She smiled. ‘Any questions, Winston?’

‘Yes, quite a lot.’ He grinned engagingly. ‘But they can wait until later. Until I start working for you on Monday. Right now I have an appointment.’

‘Who with?’ she asked in surprise.

‘With one of the nurses from the hospital. That pretty brunette-Charlotte. I’m taking her out to tea.’

Emma laughed gaily. ‘You don’t waste much time, do you? But I’m glad to hear it. Now I know you’re really your old self.’

Emma had told Winston only half the truth about her attitude towards business. Over the years she had embraced a merciless philosophy-never show weakness, never lose face, never confide. She had also mastered the art of compromise and this instinct towards accommodation had served her well, permitting her to negotiate and manoeuvre with more flexibility than many of her competitors, who were rigid. Since she had a particular aversion to conflict and confrontation, she preferred always to move in roundabout ways and if necessary with stealth, and she was to acquire much of her power by stealth.

Later that afternoon, when Winston had left, she moved covertly in the direction of the Fairleys and struck a deadly blow at their business enterprises. Her strategy was simple: she manipulated a weak and foolish man, who blithely, if unwittingly, put Gerald Fairley exactly where Emma wanted him-in her clutches.

This development had not occurred by accident. One of the first purchases the Emeremm Company had made in 1917 was Procter and Procter, a wholesale cloth warehouse in Bradford. Emma bought it for several reasons. It was a sound investment, even though it had been mismanaged over the years. Also, the sprawling warehouse sat on a prime piece of land in the centre of Bradford, and Emma knew this land could only increase in value over the years. But aside from the company’s potential, Alan Procter, the owner, was a crony of Gerald Fairley’s and Emma had recognized that here was a conduit to her sworn enemy, a source of vital information about the latter’s activities.

At first Alan Procter had been reluctant to sell, despite the fact that he had run the company into the ground, had innumerable creditors and personal debts, many of them due to his inveterate gambling. However, the Emeremm Company’s terms were so appealing they inevitably won Procter. Emma had made the terms irresistible. The purchase price was fair without being so excessive as to create suspicion. More importantly to Procter, he was offered a contract to remain as chairman of the board at a salary he could not afford to dismiss. There was one clause-Procter must not reveal the change of ownership of his company. If he did his contract would be instantly terminated.

Seeing his problems miraculously disappearing before his eyes, the venal and exigent Procter had not bothered to question the necessity for this secrecy. In fact, he had rather welcomed it, envisioning a means of continuing to run his company, at the same time solving his personal and business debts and saving face in Bradford. He sold, signed the employment contract with its secrecy-of-ownership clause, and in so doing became the property of Emma Harte. Emma had instructed Ted Jones to put an Emeremm man inside Procter and Procter. ‘Procter is merely a front. I want his hands tied so that he cannot do any further damage to the business. And whoever you put in must ingratiate himself with Procter. Become his confidant.’

Her scheme worked. Procter had a loose tongue, especially after it had been well oiled over splendid luncheons with the new managing director-the Emeremm man. All manner of useful information came filtering in to Emma about Procter’s associates in Leeds and Bradford, many of them her competititors, and prominent amongst it was a great deal about the Fairleys.

Through Procter Emma learned early in 1918 that Gerald Fairley was in dire straits with Thompson’s mill and wanted to sell. ‘Buy it for as little as possible,’ she coldly told Ted Jones. Using Procter and Procter as the purchaser, the Emeremm Company acquired Thompson’s. Believing he was selling to Alan Procter, an old and trusted friend, and because of his strained financial situation, Gerald Fairley had accepted a quarter of the mill’s true value, to Emma’s immense satisfaction.

Now a piece of new information had landed on Emma’s desk that very morning, and it had brought her head up with a jolt. Gerald Fairley had lost heavily at cards and had gone running to Alan Procter. He wanted to borrow two hundred thousand pounds. Procter had blabbed to the Emeremm man and had inquired about the possibility of making a corporate loan to Gerald Fairley.

Emma’s vivid eyes rested on the memorandum again and a curious glint entered them. She recognized that here was the opportunity she had been waiting for and she seized it, moving with her usual swiftness. She picked up the telephone and spoke to Ted Jones at the Emeremm Company in London. ‘You can inform Alan Procter he can make that corporate loan to Fairley.’

‘What are the terms, Mrs Harte?’

‘I want a noncontestable one-hundred-eighty-day note. But I want the note collateralized.’

‘What kind of collateral, Mrs Harte?’

‘The deeds to the Fairley mills in Armley and Stanningley Bottom.’

Ted Jones sucked in his breath. ‘Rather steep terms, wouldn’t you say?’

‘Those are my terms,’ Emma said icily. ‘Gerald Fairley can take them or leave them. It’s no skin off my nose either way. He won’t be able to raise the money anywhere else. He’s in too deep with the banks. I also happen to know he has borrowed heavily from some of his father’s old business associates. He owes Procter money personally as well.’ She laughed dryly. ‘Where is Mr Gerald Fairley going to go, Ted?’

‘You have a point there. I’ll pass on the terms to our man at Procter and Procter and he can relay them to Alan. I’ll get back to you later this afternoon.’

‘I’m in no hurry, Ted. I’m not in trouble. It’s Fairley who is sinking.’

‘Yes, he is. The damned fool. It takes some sort of genius for ineptness to suffer losses in wartime when every other cloth manufacturer has made a fortune from government contracts.’

That’s very true. Goodbye, Ted,’ She hung up.

Emma leaned back in her chair and a gloating smile settled on that beautiful face. It’s all happening sooner than I expected, she thought. It struck her then that she did not have to make a serious effort to destroy the Fairleys. Gerald was doing it for her. Ever since Adam Fairley had been felled by a stroke Gerald had been in total control of the mills and without his father’s guidance he was floundering. All I have to do now is sit back and watch him dig a pit so deep he will never climb out, Emma said to herself.