that river, since I didn't. I had six boats, working mostly the upper Mississippi trade, St. Louis to St. Paul, with some trips up the Fevre and the Illinois and the Missouri. I was doing just fine, adding a new boat or two most every year, thinking of moving into the Ohio trade, or maybe even New Orleans. But last July my Mary Clarke blew a boiler and burned, up near to Dubuque, burned right to the water line with a hundred dead. And this winter-this was a terrible winter. I had four of my boats wintering here at St. Louis. The Nicholas Perrot, the Dunleith, the Sweet Fevre, and my Elizabeth A., brand new, only four months in service and a sweet boat too, near 300 feet long with 12 big boilers, fast as any steamboat on the river. I was real proud of my lady Liz. She cost me $200,000, but she was worth every penny of it." The soup arrived. Marsh tasted a spoonful and scowled. "Too hot," he said. "Well, anyway, St. Louis is a good place to winter. Don't freeze too bad down here, nor too long. This winter was different, though. Yes, sir. Ice jam. Damn river froze hard." Marsh extended a huge red hand across the table, palm up, and slowly closed his fingers into a fist. "Put an egg in there and you get the idea, York. Ice can crush a steamboat easier than I can crush an egg. When it breaks up it's even worse, big gorges sliding down the river, smashing up wharfs, levees, boats, most everything. Winter's end, I'd lost my boats, all four of 'em. The ice took 'em away from me."
"Insurance?" York asked.
Marsh set to his soup, sucking it up noisily. In between spoons, he shook his head. "I'm not a gambling man, Mister York. I never took no stock in insurance. It's gambling, all it is, 'cept you're bettin' against yourself. What money I made, I put into my boats."
York nodded. "I believe you still own one steamboat."
"That I do," Marsh said. He finished his soup and signaled for the next course. "The Eli Reynolds, a little 150-ton stern-wheeler. I been using her on the Illinois, 'cause she don't draw much, and she wintered in Peoria, missed the worse of the ice. That's my asset, sir, that's what I got left. Trouble is, Mister York, the Eli Reynolds ain't worth much. She only cost me $25,000 new, and that was back in '50."
"Seven years," York said. "Not a very long time."
Marsh shook his head. "Seven years is a powerful long time for a steamboat," he said. "Most of 'em don't last but four or five. River just eats 'em up. The Eli Reynolds was better built than most, but still, she ain't got that long left." Marsh started in on his oysters, scooping them up on the half shell and swallowing them whole, washing each one down with a healthy gulp of wine. "So I'm puzzled, Mister York," he continued after a half-dozen oysters had disappeared. "You want to buy a half-share in my line, which ain't got but one small, old boat. Your letter named a price. Too high a price. Maybe when I had six boats, then Fevre River Packets was worth that much. But not now." He gulped down another oyster. "You won't earn back your investment in ten years, not with the Reynolds. She can't take enough freight, nor passengers neither." Marsh wiped his lips on his napkin, and regarded the stranger across the table. The food had restored him, and now he felt like his own self again, in command of the situation. York's eyes were intense, to be sure, but there was nothing there to fear.
"You need my money, Captain," York said. "Why are you telling me this? Aren't you afraid I will find another partner?"
"I don't work that way," Marsh said. "Been on the river thirty years, York. Rafted down to New Orleans when I was just a boy, and worked flatboats and keelboats both before steamers. I been a pilot and a mate and a striker, even a mud clerk. Been everything there is to be in this business, but one thing I never been, and that's a sharper."
"An honest man," York said, with just enough of an edge in his voice so Marsh could not be sure if he was being mocked. "I am glad you saw fit to tell me the condition of your company, Captain.