Chapter
One
In an
admirable ballet of driving prowess, the skillful hands of David Farnsworth Smythe direct steering wheel and gear shift to join
rhythmic feet in working clutch and brakes of the sleek sports car. David's
driving conforms to his persona, enviable but obnoxious, and he considers it
his prerogative to overdrive the traffic, accelerating to speeds exceeding
eighty miles per hour in the slow lane, impetuously weaving through highway
congestion that the working world patiently accepts every day.
In the unending stream of autos, the
bright red Lamborghini becomes more and more distinctive as he nears New York
City, leaving behind the idyllic estates and mansions of Canaan, Connecticut.
He is not accustomed to driving in morning rush hour. The last time doing so he
was accelerating in the opposite direction, returning home after an all night orgy with two models at the swank Pierre Hotel.
The speeding driver smiles whenever
reminiscing about that rendezvous. The girls were expensive and the penthouse
suite, unoccupied due to inclement weather and the late arrival of a foreign
dignitary, was also costly, particularly after bribing the concierge. But for
David, money is a fungible commodity to be liberally exchanged for pleasurable
frivolity. With an annual trust income of 'only' one million dollars, interim periods
of relative poverty following some of his costly escapades have required a
degree of scrimping. But for the super rich like David, that has meant
deferring a weekend of debauchery in France until the next trust distribution
arrived... never more than weeks away... and always sizable.
Embarrassing... the temporary impoverishment? Yes. But
knowing that eventually the relative discomfort would end with a wire
transferred replenishment of his bank account served to mollify the few days of
boredom.
For all his life, David has been heir to
one of the largest fortunes in the United States. With million after million
unfailingly offered for his conspicuous consumption, he has always considered
his status as uncontrolled spendthrift to be proper training for learning how
to squander billions. Generation upon generation of Farnsworth's and Smythes built and augmented the current fortune. Yet, if
there are genetic brain cells imbuing descendants with the penchant to be
stewards of great wealth, such DNA code was not passed on to David. Instead, at
age 31, single, tall, dark and found to be attractive even notwithstanding his
unfathomable wealth, David is without ambition concerning fiduciary
responsibility and without heirs for whom to be
steward. And such a void dovetails with his desired lifestyle... a lifestyle
which is about to attain its zenith.
The purpose of David's choreograph of
rushed motoring is to attend a meeting with the 'white shoe' law firm of
Grayson, Boddington, and Snipes. Normally he would arrive
with annoying tardiness, never wishing to appear to obsequiously react to
someone else's summons. But on this sunny morning in
June, David is actually eager to meet with the frumpy Grace Boddington,
accomplished estate attorney and daughter of the founding partner.
It should be noted that David has been
the heir to vast wealth. By morning's end that will cease.
His last living relative, Uncle Whitmore, died months ago. Despite the
complexity of his estate, Grace Boddington and her
assistant have worked day and night to process the myriad of forms and filings
in order to make the bulk of the assets, many billions, available to the sole
heir, David Farnsworth Smythe. By morning's end,
David's appellation of prospective wealth will end... he will no longer be an
heir to wealth... he will have wealth.
In her toil, a circumspect Grace Boddington questioned the social and moral propriety of
turning control of the billions over to the ostensibly well
educated reprobate. But the legal propriety was not to be doubted. The
firm of Grayson, Boddington, and Snipes had been
instrumental over the many years in the planning, drafting almost every
relevant document... wills... trust agreements... joint ventures... partnership
agreements... all providing the mechanisms for the ultimate transfer of wealth.
Thus her firm has all the requisite knowledge and the intent of David's
antecedents is unfortunately most clear. David gets everything. Compliance with
the wishes of many generations of Farnworths and Smythes will be effectuated despite her concerns.
Professionally, Grace has no choice but to oversee the final transfer of
control over the billions.
Curiously, Grace Boddington's
social and moral reservations, well concealed and unspoken even amongst her
peers, are not the only source of her veiled reluctance. Though contemptible,
she always found David's few visits to her firm to be refreshingly distracting.
She reveled in listening to stories of his travels, even though bristling when
he graphically described the beauty of his typical bimbo companion and her
sexual vanquishment. She furtively imagined that it
was her dowdy form lying on the beach of a ritzy resort, being propositioned
and fondled by her spendthrift client while being served tropical cocktails.
Thus there is another element of
remorse... she has been and would continue to be envious. Oddly enough she
would miss David. She realized in handing over the 'keys' to the fortune that
she probably would never see him again. Approaching forty and remaining unmarried,
Grace had sadly come to the realization that the law would be her only husband
and any 'children' would be born out of the word processor and be solely in the
form of a Crummy trust or some other such arcane document... most likely to be
signed, executed and forever stuffed in a file draw.
And so David's dexterous eagerness brings
the red Lamborghini to Park Avenue at a high rate of speed. Beginning today
there would be no more constraints on his dalliances. And there would be no
more condescending lectures from the bespeckled
solicitor over the administration of money... David on occasion requesting
advances on trust distributions... only to be summarily rejected by Grace Boddington.
"Funds wired in advance are not provided
for in the trust agreement, David. You must learn to budget your money," her
stern voice lectured. "Your next distribution will be wired in a couple of
days."
How is one expected to properly swill,
feast and fornicate on a paltry one million dollars per year?
Thankfully, with Uncle Whitmore's death,
those days are over.
Stepping from the elevator, David aloofly
waves at Grace Boddington's cute young assistant and
proceeds to a small conference room. He cannot remember the girl's name... Melissa or Michelle or Meredith. Months ago he promised the
impressionable girl dinner at Four Seasons. She gushingly boasted to her office
mates, then David tossed her phone number when, after a long and glib phone
conversation, he learned that she also could not bend the rules and arrange to
advance him funds... Good riddance, as far as he was concerned.
"Good morning, David. On time for a
change," Attorney Grace chides in knowing that despite annoying David he can
have no effect on her firm's fee and that the likelihood of being engaged to
perform meaningful tax and estate planning for his newly acquired fortune is
scant.
"How much?"
David sits and brusquely inquires, ignoring Grace's provocation.
"Four billion, three
hundred and twenty one million, five hundred and ten thousand. But who's
counting."
"Is that all?" David sarcastically
queries.
Grace smiles with the temerity of the
question.
"Of course not.
That amount is only what we could turn to cash in six months... after paying
taxes on the value of the entire estate, of course. The remainder is in liquid
assets to be transferred free of future taxes. Oil wells,
real estate, a modest railroad, all to be deeded to your name, if not already
done. The legal system in some foreign countries doesn't work with the
alacrity to which you're accustomed, David. But it will all come to you.
Meanwhile you'll just have to get by on a few billion," Grace wryly chides
again. "Sign here,
and the funds will be legally transferred to your name then wired to be
invested or expended as you instruct."
"And the house in
Canaan?" David inquires in eagerly grasping a pen.
Grace slides the title for the family
homestead across the table as pen meets paper. Before Uncle Whitmore's demise,
David actually had to pay rent! Some complexity concerning an estate planning
technique and subsequent gift tax consequence. Being a tenant, akin to being
relegated as some kind of serf in David's mind, was aggravating... thus providing
another reason to weave at a high rate of speed on crowded highways. He has
been eager to own his ancestral home. Grace Boddington
had been stern in assuring David complied with all terms of the lease, taking
the precaution of deducting rent from monthly distributions best used for
Champagne and call girls.
"Any plans, David? Anything
with which we can assist?" Grace knowing her offering
to be in vain.
"I'm going to buy a house... an estate I
suppose it would more appropriately be termed. Secluded... far off... huge and
expensive. I'll let you know when the time comes."
Grace Boddington
smiles wryly, understanding that her concerns are indeed with merit and
picturing what debauchery a reprobate like David could conjure in parts of the
world with limited and lax governance.
"Here's a special code and procedures,
David. Email us with instructions if you need something. We will know your
request is authentic only if you follow the procedure and use those precise
numbers and letters."
"Kind of you to be so thoughtful, Grace,"
David intones sardonically. "There may indeed be a need for immediate funds if
I find the right place."
"Funds? That you have David. Any particular place
in mind?"
Grace's imagination once again enviously
pictures her pudgy form, with most remnants of youthfulness dissipated by the
ravages of years of sedentary legal drudgery, lying with him on a beach.
"The Mediterranean,
counselor. Perhaps an island."
An abrupt and obscenely wealthy David
Farnsworth Smythe arises. He does not shake hands nor
does he politely thank the woman who slavishly marshaled the billions so he
could more promptly begin his new life of profligacy. But he does cast another
detached wave to her cute assistant as he strolls to the elevator. The faked
attention afforded to her secretary Michelle frustrates Grace Boddington. And for the impressionable young girl, it is
more of an insult than no recognition at all. But David understands the girl
can no longer be of use, not that her assistance ever procured a dime of
emergency party money when he was down to his last ten thousand dollars.
America's newest billionaire returns to
his car. David is invigorated. The drive home should be faster and with fewer
impediments.