query re "con"

[Bethany K. Dumas]

I received a message beginning with this sentence:

> Katherine's got the con.

(referring to the new Presiding Bishop of the Episcopal Church - our
first female PB)

I asked what "con" meant in that sentence. The reply was:

>As I understand it, it's a nautical term, short for control, what the
>captain of a ship either has or designates to an exec, etc.

My question - is it pronounced "con" as in con man, etc. or as the first
syllable of "control"?

Bethany

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