2

They call me Sleepy. I was withdrawn as a child, hiding from the horrors of my childhood inside the comfort and emotional safety of daydreams and nightmares. Any time I did not have to work, I went away in there to hide. The evil could not touch me there. I knew no safer place till the Black Company came to Jaicur.

My brothers accused me of sleeping all the time. They resented my ability to get away. They did not understand. They died without ever understanding. I slept on. I did not waken fully till I had been with the Company for several years.

I keep these Annals today. Somebody must and no one else can, though the Annalist title never devolved upon me formally.

There is precedent.

The books must be written. The truth must be recorded even if fate decrees that no man ever reads a word I write. The Annals are the soul of the Black Company. They recall that this is who we are. That this is who we were. That we persevere. And that treachery, as it ever has, failed to suck the last drop of our blood.

We no longer exist. The Protector tells us so. The Radisha swears it. Mogaba, that mighty general with his thousand dark honors, sneers at our memory and spits on our name. People in the streets declare us no more than an evil, haunting memory. But only Soulcatcher does not watch over both shoulders to see what might be gaining ground.

We are stubborn ghosts. We will not lie down. We will not cease to haunt them. We have done nothing for a long time but they remain afraid. Their guilt cannot stop whispering our name.

They should be afraid.

Somewhere in Taglios, every day, a message appears upon a wall, written in chalk or paint or even animal blood. Just a gentle reminder: Water Sleeps.

Everyone knows what that means. They whisper it, aware that there is an enemy out there more restless than running water. An enemy who will, somehow, someday, lurch forth from the mouth of his grave and come for those who played at betrayal. They know no power that can prevent it. They were warned ten thousand times before they gave in to temptation. No evil can preserve them.

Mogaba is afraid.

Radisha is afraid.

Willow Swan is so afraid he barely functions, like the wizard Smoke before him, whom he indicted and tormented for his cowardice. Swan knew the Company of old, in the north, before anyone here recognized it as more than a dark memory of ancient terror. The years have seen no calluses form on Swan’s fear.

Purohita Drupada is afraid.

Inspector-General Gokhale is afraid.

Only the Protector is not afraid. Soulcatcher fears nothing. Soulcatcher does not care. She mocks and defies the demon. She is mad. She will laugh and be entertained while being consumed by fire.

Her lack of fear leaves her henchmen that much more troubled. They know she will drive them before her, into the grinding jaws of destiny.

Occasionally a wall will carry another message, a more personal note: All Their Days Are Numbered.

I am in the streets every day, either going to work, going to spy, listening, capturing rumors or launching new ones within the anonymity of Chor Bagan, the Thieves’ Garden even the Greys have not yet been able to extirpate. I used to disguise myself as a prostitute but that proved to be too dangerous. There are people out there who make the Protector seem a paragon of sanity. It is the world’s great good fortune that fate denies them the power to exercise the fullest depth and sweep of their psychoses.

Mostly I go around as a young man, the way I always did. Rootless young men are everywhere since the end of the wars.

The more bizarre the new rumor, the faster it explodes out of Chor Bagan and the more strongly it gnaws the nerves of our enemies. Always, always, Taglios must enjoy a sense of grim premonition. We must provide them their ration of omens, signs and portents.

The Protector hunts us in her more lucid moments but she never remains interested long. She cannot keep her attention fixed on anything. And why should she be concerned? We are dead. We no longer exist. She herself has declared that to be the reality. As Protector, she is the great arbiter of reality for the entire Taglian empire.

But: Water Sleeps.

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