Lawrence and Holo stay overnight in the town where they sell the furs. As Lawrence learns more about Holo, Holo learns about the current state of the Church and shares her own wisdom.

After arriving in the great merchant city of Pazzio, Lawrence teaches Holo more about the many kinds of currency in use. Then the Wise Wolf earns her keep - and her title - by demonstrating her bargaining skills.

Lawrence has figured out the truth behind the silver scheme, and how to profit from it, but in doing so he has made some dangerous enemies. Meanwhile, Holo and Lawrence discuss his grand plans for the future.