Elizabeth takes over as head of the Frazer Line. Several other owners aim to take advantage of her sex and try and persuade her to join them in a cartel but,putting into effect her know-how as a shop-keeper's daughter,she undercuts them all and starts to profit,as well as romancing Matt Harvey,one of the line captains. James is persuaded by Letty Gaunt,the nanny for his young daughter Charlotte,to spend more time with his child and the three of them have a picnic together.
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