Hugh went on: "As you all know, Nick had been planning a professional career, and thinking of reading for the bar, as the dukedom no longer provides a living." As a banker Hugh understood exactly how Nick's father had lost everything. The duke had been a progressive landowner, and in the agricultural boom of the midcentury he had borrowed money to finance improvements: drainage schemes, the grubbing up of miles of hedges, and expensive steam-powered machinery for threshing, mowing and reaping. Then in the 1870s had come the great agricultural depression which was still going on now in 1890. The price of farmland had slumped and the duke's lands were worth less than the mortgages he had taken on them.
"However, if Nick could get rid of the mortgages that hang around his neck, and rationalize the dukedom, it could still generate a very considerable income. It just needs to be managed well, like any enterprise."
Nick added: "I'm going to sell quite a lot of outlying farms and miscellaneous property, and concentrate on making the most of what's left. And I'm going to build houses on the land we own at Sydenham in south London."
Hugh said: "We've worked out that the finances of the dukedom can be transformed, permanently, with about a hundred thousand pounds. So that is what I'm going to give you as a dowry."
Dotty gasped, and Mama burst into tears. Nick, who had known the figure in advance, said: "It is remarkably generous of you." Dotty threw her arms around her fiance and kissed him, then came around the table and kissed Hugh. Hugh felt a little awkward, but all the same he was glad to be able to make them so happy. And he was confident that Nick would use the money well and provide a secure home for Dotty.
Nora came down dressed for the funeral in purple-and-black bombazine. She had taken breakfast in her room, as always. "Where are those boys?" she said irritably, looking at the clock. "I told that wretched governess to have them ready--"
She was interrupted by the arrival of the governess and the children: eleven-year-old Toby; Sam, who was six; and Sol, four. They were all in black morning coats and black ties and carried miniature top hats. Hugh felt a glow of pride. "My little soldiers," he said. "What was the Bank of England's discount rate last night, Toby?"
"Unchanged at two and a half percent, sir," said Tobias, who had to look it up in The Times every morning.
Sam, the middle one, was bursting with news. "Mamma, I've got a pet," he said excitedly.