ONE
TilE CRISIS THAT TttREATENED THE BACKBONE OF THE MONAI;
chy itself had begun shortly before 6:15 a.m. on Wedne~
day， January 13， \"black Wednesday，\" as the Royal Famil
came to call it. A junior currency dealer in the City of Loc
don， the UK s financial hub， paid twenty-five pounds to
man on the Australian desk for the first unexpurgated trac
script of the private bedtime conversation between th
Prince of Wales and the forty-five-year-old wife of hi
friend Andrew Parker Bowles. By 6:45， people were linin
up to fax the transcripts to friends and colleagues aroun
the world.
\"I knew that whether the British press had the will t
publish them or not， the transcripts had become the bi~
gest samizdat operation outside of Russia，\" the junic
trader would say later. \"I thought， This is the conversatic，
that wilt stop Prince Charles becoming King. I knew that a
hell was going to break loose.\"
Fellowes heard the news. Fellowes is the Queen s private
secretary， her closest adviser， and， as the husband of the
former Lady Jane Spencer， also the Princess of Wales s
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