"For the first several years that Jack was back in London, he applied himself to little else. And his wisdom in doing so was demonstrated presently, when the War of the Spanish Succession began to go badly for France, what with all the great blows struck at the armies of Le Roi by Marlborough and Prince Eugene. You may be sure that Louis sent Jack very little gold in those grim years. Jack should have been reduced to the estate of a Vagabond, and been rendered useless to Le Roi, had he not been able to sustain himself from the profits of the East London Company. As it was, Jack prospered even as Louis declined, and by the time that Marlborough crushed the French at Ramillies, and stood poised to drive into the heart of France (or so it seemed), Jack had built Mr. Knockmealdown up into the most powerful Receiver in Christendom: a sort of Pirate-King, able to absorb into his warehouses the entire contents of a stolen ship as a dog swallows a fly, and, on the same tide, to load the same ship to the gunwales with swag. The East London Company thereby became the Foundation upon which Jack could build his dark Edifice. Only in recent years has he built it high enough for men such as you to note it; but you may be certain it was a-building for many a year before then."