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The House kept its offices above a silk warehouse on the Ninefold Quay, and the first thing Aren noticed about it was that nobody was guarding the door.

Reyna led them up an outside stair in the grey morning, past the open doors of the warehouse, where bales of raw silk were stacked to the ceiling. Upstairs, forty clerks sat at long tables writing in ledgers, and none of them looked up. It could have been any trading house in any port in the world. The only odd thing was the quiet. The loudest sound in the room was the scratching of their pens.

’No guards, because the people who work here are the guards. No sign, because anyone who needs to find it already knows where it is.’

The man at the end of the room had his own table, by a window that looked out over the harbor, and he was eating an apple. He was tall and thin, perhaps sixty, in a grey coat with ink on both cuffs, and the silver band on his left shoulder was as ink-stained as his cuffs. He finished the apple, set the core on a saucer, wiped his fingers on a cloth, and only then looked up.

"Reyna, and Rook, who is not supposed to be on this side of the sea. And a Servant at Rank C, who the scribes at the Measure have spent all night laughing about. My name is Osric Danner, and people here call me the Tally, because that’s what I keep. Sit down, all of you, you’re making my clerks nervous."

Reyna took the chair nearest the window, which was plainly hers.

[Osric Danner. Rank B. Hostility: 12%.]

"Rook tells me," the Tally went on, "that you want to work for us."

"I want to work with you."

"Nobody works with the House." Danner took a single sheet of paper from a drawer and turned it around so that Aren could read it. "We don’t hire people, or take apprentices, or partners. We lend."

The sheet was a contract, two hundred words in a fine clerk’s hand.

Aren read it carefully, as he used to read contracts at four in the morning in his first life, and it was beautiful. The House lent each new member a sum on the day he joined, his start, enough for a room, a set of tools and a month of bread. In return he owed the House that sum, with interest charged by the moon and compounded on itself, payable from his share of every job. The House chose the jobs, and the member could not leave until the debt was paid. And at the bottom, in the same patient hand, sat the clause that held all the others up: that any debt owed to the House might be collected in any coin the House chose.

"Has anyone ever paid this off?"

"Not yet."

"How long has the House been lending?"

"Four hundred years." Danner smiled, without any malice at all. "You’d be amazed how many people sign, because thieves are optimists. They always believe the next job will be the big one, and it never is, and the interest is always a little bigger than the job."

’Compound interest, and the lender picks the work. A bank that owns its own customers.’

In his first life, Aren had built paper like this for men in good suits, and watched it eat whole towns. He had never seen it done so well.

"I don’t want the loan."

The scratching of pens at the nearest table stopped.

"Everyone takes the loan."

"Everyone takes the bait, too." Aren slid the paper back. "I don’t need a start, because Reyna gives me a room and I’ve brought my own tools. I’ll work your jobs, the House takes a share of each one, and when one of us doesn’t like the arrangement, we walk away from it with no debt. That’s my offer."

"Then you’re a contractor." Danner made the word sound dirty. "The House doesn’t use contractors, because a contractor has no reason to keep his mouth shut."

"And a debtor does?"

"A debtor has every reason, because he belongs to us." Danner put his fingertips together. "You see the difficulty. You’re asking me to trust a man I can’t own."

Aren thought about it, while the harbor bells rang the hour outside and the clerks pretended not to listen.

’Nobody’s paid it back in four hundred years. The money was never the point. He needs a hold on me, any hold at all.’

"All right, then lend me one crown."

The Tally blinked at him.

"One crown, at your interest, compounded by the moon. Write it in your book, and then I owe the House and you have your string, and I’ll pay it back on the day I decide to leave, with whatever it’s grown to." He shrugged. "By then it’ll be a crown and some copper, and I think I can manage that."

The silence went on long enough that Reyna turned from the window to look at him.

Osric Danner laughed. It was a short dry sound, as if he had not used it in some years, and it made two of the clerks at the nearest table jump. He took a fresh sheet from the drawer, wrote on it quickly, signed it, and turned it around.

The contract was the same, word for word, except that where the sum had been, there was now a single word in his fine hand: One.

The last clause, about the coin, was still at the bottom. It was a bad clause, the kind he would have struck out of any paper in his first life.

’Any coin. The merchant took Mira’s memory of me as payment, and Write-Off takes one of mine every time I use it. Here a coin can be a memory.’

But the House was the only door he had found toward twelve wagons of treasure.

’Then owe the smallest debt in the book.’

He signed.

"He’s mine until he’s yours," Rook told the Tally, and countersigned underneath, and the two old men looked at each other across the table.

[Debt recorded: 1 crown.]

Danner put the paper away in a drawer. "Now, since you’re so eager to work, I have a job."

He spread a map across the table. It showed the coast road east of Port Myrrh, climbing into hills, and a mark beside a town called Hareby where the road came down to the sea again.

"The Veil family make pills in the eastern mountains. Every season they send their best ones south to the auction at Ambar, and every season they bring them down this road to the port, and put them on a Veil ship, under Veil guards. This season the best of them is a Marrow Pill, grade four, and it will sell at Ambar for something like twelve thousand crowns." He tapped the mark at Hareby. "The convoy reaches Hareby at dawn the day after tomorrow, and Port Myrrh two nights after that, and then it sails. The House would like the pill before it sails."

"Guards?"

"Twelve, two of them Rank C, and the convoy captain is a B. The pill travels in a strongroom on wheels, iron, barred from the inside. The men inside open it to nobody but the captain. We usually send four people for a job like this, so Reyna will give you three."

’Three helpers means three witnesses to what I am.’

"I’ll go alone."

"Naturally," the Tally said, with what sounded like real pleasure. "Reyna’s four will take it on the quay if you fail, so you get nothing and I lose nothing." He folded the map and pushed it across the table. "Keep it. You’ll take a third of the price for your share, and the House takes the rest, and when you come back with the pill, we’ll talk about a second job. If you don’t come back, I’ll write off a crown. Welcome to the House, Mister Servant."

They went down the outside stair into a morning that had turned hot and bright.

"Hareby is two days’ walk east," Reyna said. "If you’re going alone, you’d better leave now."

A man was sitting on the bottom step, cleaning his nails with a knife, and he didn’t move to let them pass.

He was big, a slab of a man with a shaved head and a silver band on his left shoulder.

"Teeth," Reyna said quietly.

[Teeth. Rank B. Hostility: 88%.]

’High enough to anchor, and one slot free. But not him. Anything I put into a collector comes back as a bill.’

"Reyna," the man said, and when he opened his mouth it was full of iron. Every tooth had been filed to a point and capped in black metal. His voice was gentle, almost kind. "And the old fence from the north, who owes the House nothing, which is a shame. And the purchased." He looked Aren up and down. "One crown. The clerks were whispering it on the stairs. You borrowed one crown from the House."

"It seemed like enough."

Teeth smiled up at him, and every iron point showed.

"It is. That’s the thing about debts, purchased. The size doesn’t matter. But you made the book laugh, and I don’t like the book laughing." Teeth flicked a paring of nail onto the quay. "I collect for the House. Every crown it’s owed in this city, I’m the one who comes for it, and I’ve never come back without it, not once in nineteen years." He put the knife away and stood up, and the step creaked. "I’ll be the one who comes for yours."

He walked off along the quay with his hands in his pockets, whistling.

Reyna watched him go. "Don’t do that again," she said.

"Do what?"

"Make him smile." She started down the quay toward the ropewalk, then looked back at him once.

"He only smiles at people he’s going to hurt."

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