Postblogging December, 1943, Technical Appendix, II

Edit: Bulwark seems to have been lost due to spontaneous detonation of ammunition, not propellant.

To this day I remember Chris Friedrichs (warning: UBC's security certificate for this site has expired) telling us that now that we were graduate students, we would appreciate being able to be in the library right up to Christmas, while undergraduates scattered off to home and hearth. 

Nowadays, the UBC libraries are closed during Saturnalia. 

Which is why the second technical appendix for December postblogging appears first. It has nothing to do with my losing precious research time exploring the 40 or so "Esquisse pour servire a l'histoire du Rome" inserted, apparently randomly and by an unknown hand, into the map pocket at the back of the library's 1876 Desjardins. In the spirit of the season....

That said, even without having covered the Fortune article yet, it is pretty clear that refrigeration needs a post, especially as I am going to link it to the Battle of North Cape. And by "needs a post," I mean, "needs multiple doctoral dissertations in economic, social, cultural and gender history." But that ain't gonna happen. So instead here is a discussion of the history of explosives, which is important because the transition to modern explosives required storage in temperature and humidity-controlled conditions that, in turn, led to state security-related investment in HVAC technology ahead of the rise of the cold chain logistics that has so clearly transformed our lives without being much investigated, although Jonathan Reese's book looks like an interesting first step.

So: the link to the Battle of North Cape? North Cape is the somewhat grandiose title for Bruce Fraser's successful mousetrapping of the battlecruiser KMS Scharnhorst on 26 December 1943. By keeping fast capital ships in Norwegian ports threatening the Russian convoys, the Germans were able to stretch Allied naval resources, with knock-on effects extending from the Eastern Front to the Pacific, until, as must inevitably happen, they ran out of capital ships.  Losing Scharnhorst --somehow-- was both inevitable and painful for the Germans, and an incremental step towards victory for the Allies. 

That's the top down view. Bottom up, it comes down to steam conditions, fire control solutions (1,2,3), volume of fire and progress in organic chemistry. (Noting that I got Robert Neville confused with James H. McGraw, Jr.)

The steam condition thing is interesting. Scharnhorst was very fast for its size due to operating with 850F steam, and, like its heavy cruiser contemporaries, suffered repeated machinery breakdowns because of it. So is it possible that the fatal blow that slowed it down at North Cape was inflicted internally, by steel failing in the wet blast? It's a wild-assed theory that I raise because of its salience to issues that do matter.  (Here's Antonio Bonomi promoting it.)

For fire control, we can notice that it was Bruce Fraser who  headed the team that designed the Admiralty Fire Control Table, and Bruce Fraser who won the Battle of North Cape. There's a lot going on here in the nascent history of computing, and I am not going to dissent from the common analysis that the radar stuff matters more than a weird little pneumatic computer, but there it is.

For volume of fire, I link to my posting on Jutland, the battle that the Royal Navy lost by letting institutional imperatives trump safety considerations, and the historical profession muffed by missing the well-publicised cause of the battlecruiser losses in favour of talking about "technological decline." Take what you will from that. The point is that Duke of York's ammunition chain was designed to make it mechanically impossible for a deflagration to propagate unchecked from the turret to the magazines. This was the right thing to do: even the most vigorous lip service to safety is still lip service. It is unfortunate that the resulting loss of fire opportunities keeps getting laid off on "unreliability," as though safety precautions were unmanly or something. Slow we are to learn.

So, ammunition storage is the previously-mentioned entre to the issue of the extremely rapid propagation of powered HVAC up and down the cold chain and of air conditioning on parallel lines. This takes us back to the introduction of the first 'modern,' artificial explosive, nitrocellulose, the explosive that was also a plastic!   I have talked about modern explosives, indirectly before. Specifically, I notice that I supplied the footnote, but not the discussion! As I move towards the climax of the munitions war, so it is time to get that stuff on the internet.

The Fall of France, XI (And Books That I Have Read): The Foresight War

Look! It's a postcard image. Probably of a different Agneaux than the one in the "Norman Switzerland," but think of it as signifying the relationship of 'foresight' with the two battles of France, anyway.  Uploaded to Google Maps by user ch'caf, if I am understanding the Panoramio credit properly.

In 2004, Anthony G. Williams, "military technology historian," could stand the psychic pressure of words and ideas no longer. So he wrote a book. 

It is a self-published book, and has some weaknesses, but considering this "if-you-liked-The-Foresight War-you-might-like-this" book was brought out by Random House,  I am going to cut Anthony G. Williams. His focus on military technology is no secret (his website), and the conventions of the genre dictate that you can only write a book about how a modern day person mysteriously transported back in time Changes Everything if you put in a novel format, with the classic of the genre, Lest Darkness Fall suggesting that you can go light on what in other subgenres can detract from the meat of the story. (You know, kissing and fashion and girl-cootie stuff.) 

So it's not like I am going to pick on Williams because his characterisation is weak. Nor am I going to pick nits about the story. (A junior academic wakes up in a semi-furnished flat one morning with his clothes and laptop. He gets up, sees the Crystal Palace, and realises that he has mysteriously travelled in time to 1934. Naturally, he heads off to see Henry Tizard and convinces the Government's official scientific advisor of his bona fides with his digital watch --as opposed to everything he's wearing-- and toute de suite we're on to re-fighting WWII. 

I am going to pick on him for something else. The Battle of France is kind of highlighted here, but the Blog Author is reaching for one of those Hey-Look-At-The-Important Issues-This-Book-Inadvertently-Raises posts. Which will hopefully be done in time for him to spend some time in the library. I hope I get there, and that the psychic pressure of ideas does not lead me too far astray.

Technical Appendix: Postblogging December 1943: The Owl of Minerva Flies At Dusk

December is the darkest month. You either set the Yule log alight, or celebrate the darkness. This could just as easily have been the title of my birthday posting for modern electronic warfare, but, if you were young when I was (and, statistically speaking, it is likely that you were: welcome to roughly the biggest birth cohort ever, he said, 49 years too late!), you remember this:

Spy stories were just tired enough for gentle network parody. I was too young to get that it was gentle parody. To nine-year-old me, that clip was as mysterious as The Prisoner still is. With the difference that the point of the mysteries of The Prisoner is that they are mysteries, while Get Smart was mysterious because I was too young to get it. The Prisoner isn't meant to be solved. Get Smart is just another network parody. 

Where, not to push the epistemic point too far while my original point likes fallow, funny spies run around saying pompous things like, "The owl of Minerva flies at dusk." Which is why I went with a hotlink to Kim Carnes' Crazy in the Night instead.

The epistemic point is not going away, though. A big book in the blogosphere right now is Erik Brynjolfsson and Andrew McAfee's The Second Machine Age. As a Boseruppian, I am predisposed to dislike this book --which I may or may not eventually get around to reading. My basic thesis is that we are hitting the bottom of a long downhill, the end of a storing-up of technological capital centering on the era of the last world war. If this is true, absolutely the last thing we have to worry about is robots taking our jobs. The robots (and slaves) will be doing the work because the (relatively few) people who could be doing it have all gone Croatan (1,2). 

Never mind  crazy theorising, though. If I am to offer anything to the conversation, it is going to be history of technology. Brynjolfsson and McAfee do start with history of technology, of course. The introductions to their book that I have read focus on the "delayed" start of the Steam Age. The fact that there were steam engines in 1712 gives anyone who loves him some Vernor Vinge since the 1990s and is waiting for the Singularity like some characters in a Beckett play --and Oh God in the New Year's eve morning darkness I see nightmares of first year English again --- where was I? 

Oh, yeah. All the over--produced American lawyers of the last few years are making a living doing doc review and are worried that the Google is coming to take away their jobs. And if first them, moments later it'll be all the knowledge workers. It will be like when slide rules got rid of all the engineers, or when printing got rid of the historians by making all the old scrolls and codices available to everyone so that some idle English gentleman could produce a bigger and better history of ancient times than Herodotus, who was actually able to travel and cultivate the owners of all those scrolls in ancient times and become a real historian. 

That's sarcasm, there, of course. The job of the historian did not go away with printing, or with the railroads and the telegrams and such that allowed Ranke to outdo Gibbon, or with the ---but I am going to try not to get ahead of myself again, here. This is supposed to be a technical appendix, and I will get to the technology that rises to the surface in December of 1943 in a moment. First, though, some historical nuance, because that is what you look for from a historian.

I have objected to the basic thesis before. An usurpation took place in Britain in 1688, placing an uneasy dynasty on the throne of England. Thereafter, it would be fair to call every war of the Eighteenth Century down to the Napoleonic wars a "war of the English Succession." That made the regime willing to spend to win, and one of the things that they had to do in the 1700--1715 round was maintain an army in the low Countries, which meant earning foreign exchange in the Low Countries. To do that, they had to export to that market, and to do that, they had to subsidise export industries such as coal. As the price of coal went up, it became feasible to cut coal at the bottom of flooded colleries by pumping out the water with steam engines. Of course the Savery and Newcomen engines were inefficient! One of the big problems of operating them was that they had to be securely seated in the midst of great mounds of highly flammable coal slack at the bottom of pits! Because while coal slack cannot be sold on the market, it is a dangerous, highly flammable material that gets in the way of mining operations and has to be got rid of somehow. For example, you can burn it. In a contained stove, of course, for safety reasons. Not that those safety reasons are met by using a stove in isolation, but you can always cool it by putting a pot of water on top. Which then evolves lots of steam. You see where I am going, here? With all due respect to them, Savery and Newcomen were patent trolls, taking credit for a technology that circumstances essentially forced our way.

Now let's move ahead sixty years. Somehow, in spite of having a massive public debt hanging over it, the British economy manages to expand like topsy. There's a "navigation" craze. Basically, canals thread the countryside, taking products such as, for example, coal, to market. Their locks are pumped by water mills in one of those operations that pretty much forces a person to think about the laws of conservation of energy. At this point, the limit on the economy is becoming the amount of water that can be pumped back up the runs by "engines." It is limiting the amount of coal that can be brought to market. So now we want to pump the water back up into the mill pond using the minimum amount of coal. . . 

Let me now quote myself, a paragraph gone: "Somehow, in spite of having a massive public debt hanging over it, the British economy manages to expand like topsy." That's your lede: not James Watt inventing the condensor. Ask yourself: what endogenous trends within the economy are driving technological adoption? Do not look around for heroic innovation to change it from outside. 

But, but, what about knowledge work, you ask yourself. What about those lawyers, whose research is now being done by "brilliant machines?"

Now it's technological appendix time.

Postblogging Technology, December 19443: I'll Be Home For Christmas

Happy Christmas from Santa Clara!

I apologise for including snapshots of the neighbours, but the pictures that I include are a great deal easier to parse than the family writing!

My Dearest Reggie:

I know that it is my invariable practice to wrap up the family news with an overlong restatement of my investment strategy, buttressed with the last month's news in scientific progress ("research and development" as we are saying now) and such economic, military and political news as seems relevant. You will find, as far as precendent goes, that this is a somewhat truncated entry due to my having left my copies of Fortune, Aviation and the month's run of The Economist in a certain library just to our north in a state of high dudgeon a week ago, but there is more than enough material for the boring parts, as you shall see.

As for habits, they are made to be broken. After a long and difficult month, I am finally in the Christmas spirit this holiday eve, and with a variegated feathered flock a-roast in the back under the supervision of your wife (Bill and David are most grateful for their Christmas gift), I shall endeavour to share the celebrations with you.

All of this was inspired in part by Mrs. J. C.'s blessed event, in part by potentially more dispiriting war news, which I think I will reserve a few weeks in the hopes that it will blow over. The long and the short of it is that we will have the Captain and Mrs. here with us on the West Coast for an indefinite extension, as the Engineer Vice-Admiral has conceived a lively concern about his newest pets that will only be assuaged by investigations on the ground. I am torn between rejoicing and trepidations, but I repeat myself, and I really should finish this letter. The indomitable mother-to-be has led the youngsters on a hike up the mountain. I have begged off with the excuse of fearing a recurrence of gout.

But it is only an excuse, as you will have realised by my mention of that certain library, it being you who forwarded the Earl's instructions to seek the Engineer's guidance concerning Cousin H. C.'s persistent requests for investment in his steel plant. See how I nickname him so respectfully? You, who know me so well, will seek out the irony and suspect that I imply that this honour is as empty as every other "achievement" of the life of his (real) father's son.

The Earl, of course, thinks that the son of the man whose oh-so-successful American life we helped launch will owe us dispassionate advice. I dissent on two grounds. First, gratitude is an odd thing, and in the Engineer's father's heart, I suspect that events in Batavia came long ago to be seen not as Great-Great-Grandfather sweeping a hanging crime under the rug, but rather as an excuse for Great-Grandfather's imposture: that the Engineer has aligned himself with our cousins across the divide of 1823.

So much for the incestuous concerns of our house, because, much more importantly, the Engineer is certainly bitter about this Administration, and dear Cousin H. C. owes virtually everything to it. This, at least, is my excuse for maintaining my side in our difficult interview, in which he did his best to encourage me to invest in the steel enterprise before dismissing me on the grounds that he was "busy" With his memoirs, or with coupon clipping, or with what other vital enterprise having to do with his legacy, I do not know. In any case, Wong Lee, whom I took as my driver on some mad impulse, had to lead me to the car by the shoulder, or I think that I should have burst back into the Engineer's study with some "wisdom of the staircase" that might have descended into fisticuffs.

In many ways, Wong Lee is a wiser man than I, hard as it is to tell when one's eyes go first to that kris scar. A more unlikely male nurse it is harder to imagine: but that is why Grandfather kept him around, I suspect, back when Grandfather was still making decisions. And his boy, who accompanied him, is smart as a whip, always with a "Number One Son" quip on his lips, as big as his father and as fair of face as his mother. (You remember Chang Wei, do you not? I believe that we had to make her a Peruvian to get her into the country. . . .)   I suspect that I am meant to conceive a desire to do a favour for the young man, which will be vouchsafed to me at the right moment. I shall not require much persuading.

Enough of this, then, especially as I owe you a month's worth of the "big" magazines yet. I shall even be able to cover the end of the month, in the unlikely event that major war news troubles the week between Christmas and New Years.

From Now On, No More Defeats: Crazy in the Night

(Now with brutal editorial clarity.)

Fur meine Eltern

Seventy years ago tonight, Bomber Command made its third major raid on the German capital city. 483 Lancasters (and 15 Mosquitos) were despatched. It was a brutally effective raid. The Wikipedia article reports that 1000 wagons (50 trains) bound for the Eastern Front were held up around Berlin for 6 days. It is the kind of blow to the German war effort that the USSBS did not even try to assess, but important for all that military historians do not often try to take such things into account.

On the other hand, this is the raid in which the old Prussian military archives were destroyed. That you will hear about. (Much more, for example, than someone pointing out that the Austrian military archives are fine, and just waiting for someone to use them.)

Petty chiding then falls away at the stark catastrophe so coolly summarised next. Twenty-five Lancasters were lost operationally, and another 28 in recovery due to unexpected low-level cloud over airfields in Britain. It is routine at this point to observe that, above about a 5% loss rate, only a statistically negligible number of bomber crews will survive their tour and go on to train the next generation. This constitutes the great tipping point of air warfare first discovered in WWI, where an air force bleeds experience faster than it can build it up.* Well, the losses over Berlin alone add up to 5.2%.

What is less often observed is that Bomber Command was not just suffering from a human catastrophe. Heavy bombers stand at the apex of industrial effort. The target for  the English Electric and Avro Manchester plants that delivered the Halifax and Lancaster, a target, not often achieved, was 250 planes a month. In January, only 160 would be received, winter being a slack time for industrial deliveries.(1) Bomber Command had just expended over a fifth of that total on a single night. Even given that it did not fly every night, the reason that it did not fly every night was mainly weather. Bomber Command was, in brief,  losing. And the men and women of the Reichsverteidigung were winning. High Wycomb had taken on a job that was beyond the technological capacity of the so-far mobilised work force. One that had to be done, if the Western Front were to be cracked. 

And seventy years and a little less than a month ago, with fully appreciating it, without, certainly, seeing that it had given birth to technological modernity, the Air Staff put the answer in place: 100 Group, Bomber Command.

Postblogging November 19443: Technical Appendix: The Alliance of Thrust and Iron

Wikipedia: The trackless forest of Anderida, where the Royal Navy's gunmakers lived and worked: Unsized because it's so damned evocative.. Obviously it's a bit spoiled by the embedded blog material, but you can go to the original if you like.

Robert Constant opens The Origins of the Turbojet Revolution in the mountains, in the same place that Clint Eastwood opens Pale Rider, with the same powerful vision. Water, under human control, washing down the mountains.

Wiki.

We are in the middle of a mountainside industrial revolution. Not in the Weald, but rather in the Sierra Nevada, this Monitor operator is finding gold with high-pressure water.  In Eastwood's vision, hydraulic mining is an evil thing. The cinematic composition implicates environmental hazard, but the crime that brings the  ghost of death(?) to town to kill all the bad people with guns is that of putting old fashioned panners out of work. In the nostalgic old days, people panned gold in communities. Now the Monitors had come to make their labour obsolete. This part, except for the offensive framing, is hard to swallow at this distance. It is not like panning in hillside shantytowns is a lifestyle that should have been preserved. Worst, behind it, and lurking just below the in-itself-defensible environmental talk is a discussion about  flood control-related public policy in California, where noble, anti-hydraulic mining discourse hides a less benevolent objection to state flood control intervention on the grounds that it would be paid for by taxes on people not directly affected. As time goes on, Pale Rider will be remembered more for Eastwood lifting his story than with an argument over the evils of hydraulic mining that may actually have had more to do with resistance to a. 

Anyway, Constant's take is less the Monitor than the Pelton wheel that was another component of this mining-industrial complex, because if you squint at the facts in the right way, you get to Lester Pelton's invention being the introduction of the "impulse turbine." If you have heard of the Pelton wheel, you have no excuse for being surprised by "the turbojet revolution."

Now, as usual, it turns out that calling it a "Pelton wheel" turns out to make us complicit in patent trolling. I wouldn't push this too far. Lester Pelton might have been inspired by, for example, the Fourneyron turbines rather than by a sudden thought that struck him as he looked at a water turbine made by the Knight Foundry. Again, there does seem to be dark deeds done here. The point of Pelton's improvement was to take business share from Knight. It was in no-one's interest to stop tinkerers in the California gold fields with vexatious patent-infringement suits, and even one's sympathy for Knight ought be measured. Pelton was able to build up a corporate interest that made a great deal of perfectly good mining equipment.

If Constant had started with Fourneyron, or with Charles Parsons, we would have missed a chance to see the Sierra Nevada. That he could have started with them is beside the point. He could have started in a great many places. Arguably, he ought to have started with those poor, sad Brown-Boveri salesmen trying to stimulate interest in their promising, new "gas turbine" concept in 1939.   They are the guys who put the technology of the combustion gas turbine out there on the market in the last years before World War II so that, finally, inescapably, it was obvious that the very near future belonged to turbines rotated by jets of combustion gas driving electrical generators, or powershafts, or compressors. Here is an actual industrial combine working to establish first mover advantage in what it clearly perceives to be a growth technology. The reason that we don't is so obvious as to be uninteresting. Brown-Boveri was a Swiss firm, and had no access to the Air Ministries of the great belligerents in an imminent world war. It was those air ministries that would pioneer the combustion gas turbine, because while Brown-Boveri was thinking of locomotives and ships and power regeneration in oil refineries, they missed the most important technology, the one area where buyers might be interested in something other than economic rationality: fighter jets!

By now we understand the problem. In its earliest stages, a combustion gas turbine installation is not likely to be more efficient than one of the highly-polished precursor technologies it is  meant to replace. A great deal of money is required bring the new technology to the point where a gas turbine pushes a freighter around more efficiently than a steam turbine --and steam turbines have never been that popular in mercantile shipping, anyway. On the other hand, as the speed of objects through air reaches a band within about 20% of the speed of sound, the air that it pushes aside ceases to be compressible and becomes incompressible. The rules of aerodynamics change and, unless the shape of the object likewise changes, its effect on the air changes, too. In a propeller-driven aircraft, this happens first at the tip of the screw, and that is why, in spite of ever more powerful engines, the top speeds of the hottest fighters of World War II top out around 460mph. Propel an aircraft with reaction mass out of a nozzle, and you can go much faster, and the "transsonic" limit will be reached by the plane's lifting surfaces instead, at speeds much closer to the local speed of sound. Your fighter jet will comfortably go a hundred miles per hour faster than its propeller-driven rivals, and getting through the transsonic limit to the endless horizons of supersonic flight is a possibility. 

I am throwing a "Patent Troll" tag on this posting in honour of Lester Pelton, but my tergiversations above will suggest that I am a little uncomfortable with this. I am not an impulse turbine expert, to put it mildly. But he's dead, and I don't think that he would mind developing the context of the posting in this manner because I think that there's an important point here. As long as we look at the advance of technology within the framework of heroic inventors, we belong in a conceptual universe such that the public revelation of the existence of jet fighters in early 1944 (spoiler alert!) is all about Ohain or Whittle having a Big Idea. Now that I have set the context, however, it becomes a little more puzzling. Why these two, heroic innovators. Why not everyone?

Here, then, I take you up into those other mountains, the Wealden fastness, to the lands of the charcoal burners and the ironmasters (and the Anglo-Saxon anarcho-syndicalistic commune of swineherds). It is time to contemplate our oldest and greatest communal technological praxis, to talk about blood and rye and salt and iron. 

Postblogging Technology, November, 1943: Caesar's New Clothes

Santaclararesearch.net

My Dearest Wing Commander:

I have received your last, and will try to reply to your questions in --well, I was about to write something grandiloquent about "in the order of their importance," but that is beyond my garrulous nature. I leave the most important to last, let us say.

First, it looks like we will be a houseful for some time. As might have been expected, the Admiralty's decision to build some of the later freighter-aircraft ships as "assault carriers" has evolved in the typical way from the stage at which we cared when naval architects talked about ship stability to the point at which the specialisms have had each their say. Now there are vast amounts of new equipment to be procured and installed, and the vessels are expected to float vaguely upright, and so your eldest has been cut new orders that will keep him on the "West Coast Shuffle" at least through the New Year. At least I can look forward to sharing a berth on the Seattle and Los Angeles trains!

Second, the Santa Clara estate is surprisingly little touched by the ravages of war and old age. There is even a  boy's crashing tread shivering the old timbers. Although your youngest is, of course, rather older than when we left for Greenwich! The western verandah has come out to make way for an outdoor carport, a long overdue "improvement" brought on by your son's attempts on an invalid Lincoln that he inherited from a friend of mine, a minor movie star gone to war. (I draw a curtain over the trip up from Los Angeles, whose details would hasten your graying.)

Once again I salute my wisdom of four years ago in taking the master suite instead of my old bedroom. Not only does it seem so much smaller now, but little could I imagine in 1939 that we would end up hiring out the cabin to no less than three dockyard workers' families! You can imagine the bedlam in the back yard. The long and the short of it is that the outdoor kitchen is running by shifts and the ranch hands take their meals on the back verandah. Michael and Joan have elected for the back bedroom, keeping the hands a little quieter knowing that their boss is overhead and that he speaks Spanish. Joan by the way, is seeing to her mother and the house in Pasadena, where they are to retire to be closer to their grandchildren. 

Of Shiwa Ta-Wan you will have heard from your wife and daughter, and I say no more of the ruinous old pile overlooking us. Your son, and daughter-out-of-law will be staying there. This rather avoided a bit of a scrape for we three bachelors, who received many a stern look on "Mrs. J. C.'s" (if I remember my coy little code from 1939, she was "Miss G. C." then). She seems to have been shocked as much by the amount of food lying around as by the mess. She also took a dim view of the effort put in by the local girl who is acting as our after-school housekeeper. What can I say? Good domestic help is impossible to find, and she is well-mannered and attractive, in that  blonde Californian way. "Mrs. J. C."  has taken it upon herself to organise Grandfather's papers. Thank God. I was not looking forward to trying to find a lawyer in San Francisco who could be trained to read the old Hakka pirate writing! (Not to mention that he would then be equipped to read this correspondence.) 

This brings me to two final and more sensitive matters. First, Grandfather was apparently roused to a rare moment of coherence upon hearing your letter read. (Congratulations on receiving the RAF "contract" by the way!) Bill and David were summoned up to the big house to give a seminar. Grandfather had lapsed by the time they arrived, of course. Fortunately, they are well-used to their patron's eccentricities, and took in stride receiving instructions from his "translator." It does not hurt that she was looking very fetching indeed in a beige linen dress! They recommended --but enough of that for now.

Second, or, as I think in this rambling pile of digressions I have quite lost the thread, most importantly, there are the Earl's rather pointed questions about my dissent from our cousin-in-law's business plans. I understand his anxiety. As much as you have disabused him about "H. C.'s" legendary (alleged) business genius, he still speaks very much the received West Coast wisdom. Given our inherited real estate profile, the future of a very large share of the family's fortune is  linked to the prosperity of the Pacific Slope. So why do I dissent? 

Ordinarily, I would give my answer in the financial newsletter appended. However, I did not feel comfortable rendering Bill and David's recommendations even in Hakka characters, so have hauled out the family one-time pad, and given that I was transcribing anyway, this month's newsletter brings England up-to-date on the sordid side of our real estate business. That being said, just because I was "feeling like" transcribing does not mean that I was feeling like waxing eloquent, so I have appended my argument with "H.C" to the end of my news roundup. Knowing my tendency to wax on, I take the liberty of bolding those bits of news and comment of special relevance.