Not a Penny More, Not a Penny Less

Not a Penny More, Not a Penny Less

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by Jeffrey Archer

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Jeffrey Archer's mastery of characterization and "white-knuckle" suspense, combined with a gift for the ingenious plot twist, demonstrate why he is one of Britain's best-selling authors. In this collection of audiobooks, a fine cast offers readings of some of the master storyteller's most spellbinding work.  See more details below


Jeffrey Archer's mastery of characterization and "white-knuckle" suspense, combined with a gift for the ingenious plot twist, demonstrate why he is one of Britain's best-selling authors. In this collection of audiobooks, a fine cast offers readings of some of the master storyteller's most spellbinding work.

Editorial Reviews

The Philadelphia Inquirer

Archer...has an extraordinary talent for turning notoriety into gold, and telling fast-moving stories.
Entertainment Weekly

A master at mixing power, politics, and profit into fiction.
The Boston Globe

Archer plots with skill, and keeps you turning the pages.
The Washington Post

A storyteller in the class of Alexandre Dumas...unsurpassed skill...making the reader wonder intensely what will happen next.
Los Angeles Times

One of the top ten storytellers in the world.
The New York Times

Cunning plots, silken style...Archer plays a cat-and-mouse game with the reader.
Pittsburgh Press

Archer is one of the most captivating storytellers writing today. His novels are dramatic, fast moving, totally entertaining-and almost impossible to put down.

Product Details

HarperCollins Publishers
Publication date:
Product dimensions:
4.36(w) x 6.94(h) x 0.88(d)

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Not a Penny More, Not a Penny Less

By Jeffrey Archer

St. Martin's Press

Copyright © 1976 Jeffrey Archer
All rights reserved.
ISBN: 978-1-4299-5407-5


Making a million legally has always been difficult. Making a million illegally has always been a little easier. Keeping a million when you have made it is perhaps the most difficult of all. Henryk Metelski was one of those rare men who had managed all three. Even if the million he had made legally came after the million he had made illegally, Metelski was still a yard ahead of the others: he had managed to keep it all.

Henryk Metelski was born on the Lower East Side of New York on May 17th, 1909, in a small room that already slept four children. He grew up through the Depression, believing in God and one meal a day. His parents were from Warsaw and had emigrated from Poland at the turn of the century. Henryk's father was a baker by trade and had soon found a job in New York, where immigrant Poles specialized in baking black rye bread and running small restaurants for their country men. Both parents would have liked Henryk to be an academic success, but he was never destined to become an outstanding pupil at his high school. His natural gifts lay elsewhere. A cunning, smart little boy, he was far more interested in the control of the underground school market in cigarettes and liquor than in stirring tales of the American Revolution and the Liberty Bell. Little Henryk never believed for one moment that the best things in life were free, and the pursuit of money and power came as naturally to him as the pursuit of a mouse to a cat.

When Henryk was a pimply and flourishing fourteen-year-old, his father died of what we now know to be cancer. His mother outlived her husband by no more than a few months, leaving the five children to fend for themselves. Henryk, like the other four, should have gone into the district orphanage for destitute children, but in the mid-1920s it was not hard for a boy to disappear in New York—though it was harder to survive. Henryk became a master of survival, a schooling which was to prove very useful to him in later life.

He knocked around the Lower East Side with his belt tightened and his eyes open, shining shoes here, washing dishes there, always looking for an entrance to the maze at the heart of which lay wealth and prestige. His first chance came when his roommate Jan Pelnik, a messenger boy on the New York Stock Exchange, put himself temporarily out of action with a sausage garnished with salmonella. Henryk, deputed to report his friend's mishap to the Chief Messenger, upgraded food poisoning to tuberculosis, and talked himself into the ensuing vacancy. He then changed his room, donned a new uniform, lost a friend, and gained a job.

Most of the messages Henryk delivered during the early 'twenties read "Buy." Many of them were quickly acted upon, for this was a boom era. He watched men of little ability make fortunes while he remained nothing more than an observer. His instincts directed him toward those individuals who made more money in a week on the Stock Exchange than he could hope to make in a lifetime on his salary.

He set about learning how to master the way the Stock Exchange operated, he listened to private conversations, opened sealed messages and found out which closed company reports to study. By the age of eighteen he had four years' experience of Wall Street: four years which most messenger boys would have spent simply walking across crowded floors, delivering little pink pieces of paper; four years which to Henryk Metelski were the equivalent of a Master's Degree from the Harvard Business School. He was not to know that one day he would lecture to that august body.

One morning in July 1927 he was delivering a message from Halgarten & Co., a well-established brokerage house, making his usual detour via the washroom. He had perfected a system whereby he could lock himself into a cubicle, study the message he was carrying, decide whether the information was of any value to him and if it was, immediately telephone Witold Gronowich, an old Pole who managed a small insurance firm for his fellow countrymen. Henryk reckoned to pick up an extra $20 to $25 a week for the inside knowledge he supplied. Gronowich, in no position to place large sums on the market, never let any of the leaks lead back to his young informant.

Sitting on the lavatory seat, Henryk began to realize that this time he was reading a message of considerable importance. The Governor of Texas was about to grant the Standard Oil Company permission to complete a pipeline from Chicago to Mexico, all other public bodies involved having already agreed to the proposal. The market was aware that the company had been trying to obtain this final permission for nearly a year, but the general view was that the Governor would turn it down. The message was to be passed direct to John D. Rockefeller's broker, Tucker Anthony, immediately. The granting of this permission to build a pipeline would open up the entire North to a ready supply of oil, and that could only mean increased profits. It was obvious to Henryk that Standard Oil stock must rise steadily on the market once the news had broken, especially as Standard Oil already controlled 90 percent of the oil refineries in America.

In normal circumstances Henryk would have sent on this information direct to Mr. Gronowich, and was about to do so when he noticed a rather overweight man who was also leaving the washroom, drop a piece of paper. As there was no one else about at the time, Henryk picked it up and retreated back into his private cubicle, thinking that at best it would reveal another piece of information. In fact, it was a check for $50,000 made out to cash from a Mrs. Rose Rennick.

Henryk thought quickly, and not on his feet. He left the washroom at speed and was soon standing outside on Wall Street itself. He made his way to a small coffee shop on Rector Street and sat there pretending to drink a Coca-Cola while he carefully worked out his plan. He then proceeded to act on it.

First, he cashed the check at a branch of the Morgan Bank on the southwest side of Wall Street, knowing that in his smart uniform as a messenger at the Exchange he would easily pass as a carrier for some distinguished firm. He then returned to the Exchange and acquired from a floor broker 2,500 Standard Oil shares at $197/8, leaving himself $126.61 change after brokerage charges. He placed the $126.61 in a Checking Account with the Morgan Bank. Then, waiting in tense anticipation for an announcement from the Governor's office, he put himself through the motions of a normal day's work, too preoccupied with Standard Oil even to make a detour via the washroom with the messages he carried.

No announcement came. Henryk could not know that the news was being held up until the Exchange had officially closed at 3 P.M. in order to allow the Governor himself to buy shares anywhere and everywhere he could lay his grubby hands on them. Henryk went home that night petrified that he had made a disastrous mistake. He had visions of losing his job and everything he had built up over the past four years. Perhaps he would even end up in jail.

He was unable to sleep that night and became steadily more restless in his small open-windowed but airless room. At 1 A.M. he could stand the uncertainty no longer, so he jumped out of bed, shaved, dressed and took a subway to Grand Central Station. From there he walked to Times Square where with trembling hands he bought the first edition of the Wall Street Journal. For a moment he couldn't take in the news, although it was shrieking at him in banner headlines:


and a secondary headline:


Dazed, Henryk walked to the nearest all-night café, on West 42nd Street, and ordered a large hamburger and French fries, which he covered in ketchup and nibbled at like a man eating his last breakfast before facing the electric chair, rather than his first on the way to fortune. He read the full details of Rockefeller's coup on page one, which spread over to page fourteen, and by 4 A.M. he had bought the first three editions of the New York Times and the first two editions of the Herald Tribune. The lead story was the same in each. Henryk hurried home, giddy and elated, and changed into his uniform. He arrived at the Stock Exchange at 8 A.M. and went through the motions of a day's work, thinking only of how to carry out the second part of his plan.

When the Stock Exchange opened officially, Henryk went over to the Morgan Bank and requested a loan of $50,000 against the security of his 2,500 Standard Oil shares, which had opened that morning at $211/4. He placed the loan in his Checking Account and instructed the bank to issue him a draft for the $50,000 to be made out to Mrs. Rose Rennick. He left the bank and looked up the address and telephone number of his unwitting benefactor.

Mrs. Rennick, a widow who lived off the investments left by her late husband, lived in a small apartment on 62nd Street, which Henryk knew to be one of the most fashionable parts of New York. The call from a Henryk Metelski, asking to see her on an urgent private matter, came as something of a surprise to her, but a final mention of Halgarten & Co. gave her a little more confidence and she agreed to see him at the Waldorf-Astoria at 4 P.M. that afternoon.

Henryk had never been inside the Waldorf-Astoria, but after four years on the Stock Exchange there were few prominent hotels or restaurants he had not heard mentioned in other people's conversations. He realized that Mrs. Rennick was more likely to have tea with him there than to see a man with a name like Henryk Metelski in her own apartment, especially as his Polish accent was more pronounced over the telephone than it was face to face.

As Henryk stood in the thickly carpeted lobby of the Waldorf, he blushed at his sartorial naïveté. Imagining that everybody was staring at him, he buried his short, amply covered frame in an elegant chair in the Jefferson Room. Some of the other patrons of the Waldorf were amply covered too, but Henryk felt that Pommes de Terre Maître d'Hôtel were more likely to have caused their obesity than French fries. Vainly wishing he had put a little less grease on his black wavy hair and a little more on his down-at-heel shoes, he scratched nervously at an irritating pustule on the side of his mouth and waited. His suit, in which he felt so assured and prosperous among his friends, was shiny, skimpy, cheap and loud. He did not blend in with the décor, still less with the patrons of the hotel, and, feeling inadequate for the first time in his life, he picked up a copy of the New Yorker, hid behind it, and prayed for his guest to arrive quickly. Waiters fluttered deferentially around the well-provendered tables, ignoring Henryk with instinctive superciliousness. One, he noticed, did nothing more than circle the tearoom delicately proffering lump sugar from silver tongs in a white-gloved hand: Henryk was enormously impressed.

Rose Rennick arrived a few minutes after four, accompanied by two small dogs and wearing an outrageously large hat. Henryk thought she looked over sixty, overweight, over-made-up and overdressed, but she had a warm smile and appeared to know everyone, as she moved from table to table, chatting to the regular Waldorf-Astoria set. Eventually reaching what she had rightly assumed to be Henryk's table, she was rather taken aback, not only to find him so strangely dressed, but also looking even younger than his eighteen years.

Mrs. Rennick ordered tea while Henryk recited his well-rehearsed story: there had been an unfortunate mistake with her check, which had been wrongly credited to his firm at the Stock Exchange on the previous day; his boss had instructed him to return the check immediately and to say how much they regretted the unfortunate error. Henryk then passed over the draft for $50,000 and added that he would lose his job if she insisted on taking the matter any further, as he had been entirely responsible for the mistake. Mrs. Rennick had, in fact, only been informed of the missing check that morning and did not realize that it had been cashed, as it would have taken a few days to clear her account. Henryk's perfectly genuine anxiety as he stumbled through his tale would have convinced a far more critical observer of human nature than Mrs. Rennick. Readily she agreed to let the matter drop, only too pleased to have her money returned; as it was in the form of a draft from the Morgan Bank, she had lost nothing. Henryk breathed a sigh of relief and for the first time that day began to relax and enjoy himself. He even called for the waiter with the sugar and silver tongs.

After a respectable period of time had passed, Henryk explained that he must return to work, thanked Mrs. Rennick for her cooperation, paid the bill and left. Outside on the street he whistled with relief. His new shirt was soaked in sweat (Mrs. Rennick would have called it perspiration), but he was out in the open and could breathe freely again. His first major operation had been a success.

He stood on Park Avenue, amused that the venue for his confrontation with Mrs. Rennick had been the Waldorf, the very hotel where John D. Rockefeller, the President of Standard Oil, had a suite. Henryk had arrived on foot and used the main entrance, while Mr. Rockefeller had earlier arrived by subway and taken his private lift to the Waldorf Towers. Although few New Yorkers were aware of it, Rockefeller had had his own private station built fifty feet below the Waldorf-Astoria to save him traveling the eight blocks to Grand Central Station, there being no stop between there and 125th Street. (The station remains to this day, but as no Rockefellers live at the Waldorf-Astoria, the train never stops there.) While Henryk had been discussing his $50,000 with Mrs. Rennick, Rockefeller had been considering an investment of $5,000,000 with Andrew W. Mellon, President Coolidge's Secretary of the Treasury, fifty-seven floors above him.

The next morning Henryk returned to work as usual. He knew he had only five days' grace to sell the shares and clear his debt with the Morgan Bank and the stockbroker, as an account on the New York Stock Exchange runs for five business days or seven calendar days. On the last day of the account the shares were standing at $23¼. He sold at $231/8, and cleared his overdraft of $49,625 and, after expenses, realized a profit of $7,490 which he left deposited with the Morgan Bank.

Over the next three years, Henryk stopped ringing Mr. Gronowich, and started dealing for himself, in small amounts to begin with, but growing larger as he gained in experience and confidence. Times were still good, and while he didn't always make a profit, he had learned to master the occasional bear market as well as the more common bull. His system in the bear market was to sell short—not a practice considered to be entirely ethical in business. He soon mastered the art of selling shares he didn't own in expectation of a subsequent fall in their price. His instinct for market trends refined as rapidly as did his taste for clothes, and the guile learned in the backstreets of the Lower East Side always stood him in good stead. Henryk soon discovered that the whole world was a jungle—sometimes the lions and tigers wore suits.

When the stock market collapsed in 1929 Henryk had turned his $7,490 into $51,000 of liquid assets, having sold on every share he possessed the day after the Chairman of Halgarten & Co. jumped out of one of the Stock Exchange windows. Henryk had got the message. With his newly acquired income he had moved into a smart apartment in Brooklyn and started driving a rather ostentatious red Stutz. Henryk realized at an early age that he had come into the world with three main disadvantages—his name, background and impecunity. The money problem was solving itself, so he decided the time had come to expunge the other two. To that end, he had made an application to change his name by court order to Harvey David Metcalfe. When the application was granted, he ceased all further contact with his old friends from the Polish community, and in May 1930 he came of age with a new name and a new background.


Excerpted from Not a Penny More, Not a Penny Less by Jeffrey Archer. Copyright © 1976 Jeffrey Archer. Excerpted by permission of St. Martin's Press.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

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Not a Penny More, Not a Penny Less 3.9 out of 5 based on 0 ratings. 51 reviews.
Anonymous More than 1 year ago
I enjoyed this clever story. The writing flows easily through out and I really liked the diversity between the characters who found themselves cheated out of their life's savings, but instead of getting mad about it, they got even. You wont be disappointed.
CherryBlossom More than 1 year ago
Jeffrey Archer has stolen my heart. What a great writer. I think he may be one of the best story tellers I have come across. This story is full of thrilling and exciting drama. His plot was just wonderful and held me spellbound and not wanting to let the book down. The plot shows four men, of different backgrounds, suddenly thrown together in a quest to foil a man of evil repute. The four men have lost a small fortune, in an evil crime against them, and have plotted to get back all the monies lost, not a penny more, not a penny less. The book is a good novel of fraud and revenge. The conspirators are an English lord, a society doctor, a French art dealer, and an American Oxford don. Their prey is the billionaire evil Harvey Metcalfe. Metcalfe has gotten rich by stealing, cheating, and wheeling and dealing. I recommend this book to anyone, man or woman, who enjoys a thrilling plot full of wonderful characters that never cease to amaze. Cherry Blossom
Guest More than 1 year ago
I would like to say this is an awesome suspense book. I highly recommend it to anybody who likes cons, money, and thrills. I wish there were more books like this.
Anonymous More than 1 year ago
misspellings,poor english, hyphenated words , errors distract from a good read.
omniverousreader More than 1 year ago
one of the first books Archer wrote, he tells the story of a group working together to plan and carry out an elaborate scheme to recover money lost to an unpleasant con artist. The plot is a delight to read, the characters typical Archer, the ending great.
Genie44 More than 1 year ago
One of those can't put down books.. very enjoyable.
Guest More than 1 year ago
I've now read 3 Jeffrey Archer books. The first book I absolutely could not put down I was beginning to think there was hope after Sydney Sheldon. I wondered why I'd never heard about Archer before. The third book I read was another great read- different from the first- so a comparison would be unfair but definately great. This book was my second, and though the overall plot was good and really could have made it a phenomenol book- some elements were missing to piece it together to make it believable. The ending was a disappointment to me- an anti-climax. But in all fairness- this was his first book and I'm sure if he were to rewrite it today- his maturity as a writer could make it astounding.
Guest More than 1 year ago
Archer starts out weaving a thread that links the protagonists together, and just pulls you into the story! I couldn't stop reading, and absolutely recommend all his books to anyone that likes a book that keeps you hooked till the very last page!
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A little cheesy. Ended as though the writer was in a hurry to wrap it up.
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Give_Me_Liberty More than 1 year ago
The victimized seek justice. But not in a court of law.
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RoFl More than 1 year ago
Not Mr Archer's best writing. Ro
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Anonymous More than 1 year ago
Smart premise, not great writing.
HamletFan More than 1 year ago
This is a captivating book by a man who really knows how to tell a story! I loved it -- couldn't put it down -- was sorry when it was finished. Jeffrey Archer is adept at telling a good yarn and this is a great one.
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