tlb wrote:“As Steadholder Harrington, you command the entire Guard, which can be enlarged to whatever extent the Steading requires. The Mayhew Steadholder’s Guard, for example, has a roster strength of over seven thousand. At the moment, the Harrington Guard is at only about four hundred.”penny wrote:I don't know what Honor's financial situation was then, but I do not think she was rich at that time. Thank goodness she didn't have seven thousand armsmen to pay, but four hundred are not cheap either. On her navy salary? Imagine paying a decent yearly salary for four hundred people.
Their salary did come out of Honor's pocket didn't it? IINM, I think she was given support in some fashion in the beginning? And the steading most likely collected taxes, at the very least. Or would her subjects pay taxes to Grayson?
She earned prize money at Basilisk for contraband confiscated and a share at Hancock of all the ships captured. From Field of Dishonor:Chapter 4 wrote:Honor's prize money from Basilisk Station had made her a millionaire; Neufsteiler's management had made her a multi-millionaire several times over.That was how she personally could create and fund the company to build domes on Grayson and which added a considerable sum to her net worth after that got clear of the sabotage damage. The Steading was producing money by the time of Flag in Exile.Chapter 4 wrote:"Dame Honor," he said patiently, "a dreadnought is valued at somewhere in the neighborhood of thirty-two billion dollars, and the prize court awards three percent of the value of a surrendered enemy ship to the task force which captured it, assuming the Navy buys the prize into service. Of that total, the flag captains of said task force split twelve percent among themselves, and there were only four flag captains in Hancock at the time Admiral Chin surrendered. The Admiralty survey judged two of her five surviving dreadnoughts too badly damaged for repair, but the Navy bought the other three in. Now, three percent of ninety-six billion dollars is two-point-eight-eight billion, and twelve percent of that is three hundred forty-five million, plus change. Which means, dear lady, that your share comes to a paltry eighty-six million four hundred thousand dollars—exclusive of the lighter vessels surrendered with them. Of course, they only added another six million to your total award, so I suppose we don't have to worry about them. Believe me, those figures are correct. In fact, if you look at page three, you'll see that the most junior enlisted person serving under you will receive almost fifty thousand dollars."
I totally forgot about her prize money. And I suppose she'd be willing to invest the bulk of it for use on Grayson. Which would be around fifty million dollars, being generous. It would probably be several million dollars less than fifty million.
But if she had to pay her 400 guardsmen and she paid them a handsome salary of $100,000 that would eat up most of that fifty million to the tune of 40M. Leaving only ten million for other business. And the way business works you want to have reserves in case something catastrophic happens. See Sky Domes. And then there is the exorbitant cost of insurance; which I imagine is quite high on Grayson since war came to their doorsteps.
I suppose the $50M would work if the salary isn't so handsome. A fifty thousand dollar salary would only amount to twenty million of the fifty million she could give from her prize ships. And again, fifty million is pushing it.
But then there is the salary of her armsmen. She'd be operating in the red if she is paying the salary of the Steadholder Guard and her armsmen. And again, that is if she had the generous estimate of fifty million to give.
Depending on the timeline, if about a year after the prize money, good investments could have grown it considerably. But Honor would need about a year after the prize money before she officially took on the Steadholder role. And that is if she wasn't liable for back pay.