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Peter’s entry into Jameson’s, early in 1903, synchronized with the formation of the Havana Tobacco Company—commonly known as “The Trust”; and the attempt by J. B. Duke and his colleagues (who, having fought the English cigarette and tobacco manufacturers to a standstill, were now controlling—almost unknown to the public—eighty per cent. of the world’s smoking-trade) to corner the market in Havana-manufactured cigars. Though a very small affair of outposts when considered in relation to the pitched battles which preceded it, the fight was, at the outset, not without interest to those whose livings were menaced by the billion-dollar corporation controlled from 111 Fifth Avenue, New York. To the boy, fresh from the monastic atmosphere of school, it gave just that touch of romance which his enthusiasm needed.

For Jameson’s—as agents of the German-owned but Havana-domiciled concern, Heinrich Beckmann & Co—lined up with the so-called “Independents,” and did doughty battle with tongue and typewriter against the invader.

Old Jameson and Tom Simpson, who, by now, had a fourth share in the concern, found the lad’s keenness amusing. Both elderly men—their capital intact and their blood chilled with twenty years of money-making—they did not take the situation very seriously. Even when Beckmanns, greedy for more trade, insisted that both “Beresford & Beresford” and “Samuel Elkins & Co.” should (under certain secret conditions) receive direct shipments of their goods, they only laughed tolerantly at the infringement of a profitable monopoly—leaving indignation to the newcomer.

Indignant, Peter certainly was. There had never been an actual contract about the Beckmann brand; but the boy, accustomed to his college code, perceived something in the transaction dishonourable to the other side, weak on his own. Unreasonably as it seemed at the time—reasonably enough as it shows in the light of history—he thus early conceived an instinctive distrust, not only of Beckmanns, but of German business people in general. …

However, a year in the City effectively replaced the college code by the legal.

At the end of eighteen months—the “fight” resolving itself into a mere question of strong competition; each side more or less holding its own, with a slight sentimental balance in favour of those outside “the Ring”—Peter had settled down to the complacent routine of office life: ten till five, with an hour off for lunch and two Saturdays out of three absolutely workless. Sport—he was a safe shot, except at snipe for which he lacked the temperament; a good rider; and a really fine hand with the trout-fly—completed his existence. Dissipation, after one or two, experiments, he avoided—not from scruples, but because it bored him.

Then, just after his twenty-first birthday, the “old man,” never very strong, caught pneumonia and died within the week.