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“My name is Arnold Hardcastle, and I am the bank’s legal advisor, a position I have held for the past twenty-two years. I would like to begin by saying that this is the first occasion anyone from Farthings has been asked to appear before this committee since the bank’s foundation in 1866.”

The benign smile returned.

“I am joined today, Sir Piers, by the chairman of Farthings, Mr. Hakim Bishara, and his chief executive, Mr. Sebastian Clifton, both of whom you will be acquainted with. The other member of our team, with whom you will not be familiar, is Professor Daniel Horowitz of the Smithsonian Institute in Washington, DC. He will explain the presence of the fifth member of our team, Matilda, who also hails from the Smithsonian.

“I will begin by saying a few words about the role Mr. Bishara has played since he became chairman of Farthings four years ago. I will not dwell on the countless awards he has received from government institutions and respected organizations from all over the world, but the simple, undisputed fact is that under his leadership, Farthings has opened branches in seven countries, employs 6,412 people, and its share price has tripled. Mr. Bishara is well aware that the accusation against him is a serious one because it goes directly to the most important tenet of banking: reputation.

“It will not be me, nor Mr. Bishara himself, who defends him against these charges. No, he will leave that to a machine, which must surely be a first for this committee in its five-hundred-year history. The inventor of this machine, Professor Horowitz, may not be known to you, but as he will be our sole advocate on this occasion, perhaps I should tell you a little about his background. Young Daniel Horowitz escaped from Germany with his parents in 1937. They settled in the borough of Queens in New York, where his father became a pawnbroker. Daniel left New York at the age of seventeen to attend Yale University, where he studied physics.

“He graduated with a B.S. before he was old enough to vote. He went on to MIT, where he completed his PhD with a thesis on the impact of sound in an increasingly noisy world. Dr. Horowitz then joined the Smithsonian as a lecturer, where nine years later he was appointed as the first Professor of Sound. In 1974 he was awarded the prestigious Congressional Science Medal, only the fourteenth person to be so honored in the nation’s history.” Arnold paused. “With the committee’s permission, Sir Piers, I will ask Professor Horowitz to conduct our defense.”

The professor rose from his chair, although it was not immediately obvious, as he appeared still to be on the same level as the members of the committee who were seated. However, it was not his lack of physical stature that would have struck a casual observer, but the vast bald dome that rested on such tiny shoulders, and made it easy to overlook the fact that his trousers couldn’t have seen an iron since the day they were bought, or that his shirt was frayed at the collar. A tie hung loosely around his neck, as if it were an afterthought. It was only when the professor opened his mouth that the committee realized they were in the presence of a giant.

“What a strange, incongruous figure I must appear, Mr. Chairman, standing before this august and ancient body to address you on a subject I have spent my whole life studying: sound. I am fascinated by the sound of Big Ben chiming, or a London bus changing gears. Only yesterday I spent a considerable time recording the sound of Bow Bells. You may well ask, how can this have any relevance for the defense of a man accused of insider trading? To answer that, I will need the help of my offspring, Matilda, who like me has never visited London before.”

The professor walked across to a side table on which he had placed a white cube, about two feet square, with what looked like the handset of a telephone attached to one side.

On the side facing the committee was a large circular dial with black numbers around its edge that went from 0 to 120. A thick red arrow rested on zero. From the looks on the faces of the committee, Matilda had succeeded in catching their attention.

“Now, with your permission, sir, I shall ask Mr. Bishara to deliver the exact words he was accused of saying to Mr. Buckland. But please don’t look at Mr. Bishara, concentrate on Matilda.”

The committee didn’t take their eyes off the machine as Hakim rose from his place, picked up the handset and said, “Buy Amalgamated Wire, but don’t let anyone know I authorized it, because that would be insider trading. Keep up the good work, Gavin, and I’m sure that it will be reflected in your annual bonus.” Hakim replaced the handset and returned to his seat.

“I should now like to ask you gentlemen,” said the professor politely, “what you observed while you were watching Matilda.”

“While Mr. Bishara was speaking,” said Sir Piers, “the arrow shot up to 76, then fluctuated between 74 and 78 until he put the handset down, when it returned to zero.”

“Thank you, chairman,” said the professor. “The voice of the average male of Mr. Bishara’s age will have a volume level somewhere between 74 and 78. A softly spoken woman will average 67 to 71, while a younger man might reach a high of 85, or even 90. But whatever the individual’s voice level, it remains constant.

“If I may, I would now like to feed Matilda with the tape on which the allegations against Mr. Bishara are based. Once again, I would ask you to watch the arrow carefully.”

By the time the professor had placed the tape into the machine, the committee were leaning forward intently. He pressed Play, and everyone in the room listened to the same words a second time, but this time Matilda registered a very different result.

“How is that possible?” asked Sir Piers.

“It is possible,” said the professor, “because the tape supplied to this committee is a recording not of one conversation, but four, as I shall now demonstrate.” He rewound the tape and once again pressed the Play button.

“Buy Amalgamated Wire.” He paused the tape. “Seventy-six, Mr. Bishara’s normal level.” He pressed Play. “But don’t let anyone know I authorized it. Eighty-four. Because that would be insider trading. Seventy-six, back to normal. Keep up the good work, Gavin. Eighty-one.”

“How do you explain the discrepancy?” asked Mr. Foreman.

“Because as I suggested, sir, the tape that was provided to this committee is a compilation drawn from four different conversations. To use a vulgar American expression, the originals have been sliced and diced. I concluded that two of the conversations were conducted on the telephone in Mr. Bishara’s office as their levels are between 74 and 76; one was from overseas, when people have a tendency to speak up—in this case the level increased to 84; and one from Mr. Bishara’s home in the country, when the level is 81, and where the sound of birds—blue tits and sparrows, I believe—can be heard faintly in the background.”

“But,” said Mr. Foreman, “he did say ‘Buy Amalgamated Wire.’”

“I accept that,” said the professor. “But if you listen carefully to that section of the tape, I think you’ll come to the same conclusion as I did: that a word has been cut out. I’d stake my reputation and experience on that word being ‘don’t.’ In doctored tapes, that is the most common word to be deleted. So Mr. Bishara’s actual words were ‘Don’t buy Amalgamated Wire.’ You will of course be able to test my theory more fully when you interview Mr. Buckland again.”

“With that in mind, professor,” said the chairman, “may we call on your services when we see Mr. Buckland?”

“I would be happy to assist you,” said the professor, “but my wife and I are only in England for a week conducting further research.”

“Into what?” asked Sir Piers, unable to resist.

“I plan to record the sonic output of London’s buses, particularly double-deckers, and to spend some time at Heathrow recording 707 takeoffs and landings. We’re also going to attend a concert by the Rolling Stones at Wembley, when Matilda’s little indicator may hit its maximum level of 120 for the first time.”

The chairman allowed himself a chuckle before saying, “We appreciate your giving us your time, professor, and look forward to seeing you and Matilda again in the near future.”

“And I have to confess,” Horowitz said, as he placed a plastic cover over his offspring and zipped her up, “you only got me just in time.”

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