The weekly Columbian., 1857-03-28

on them, spring the trap they were en-
deavoring to set for this Co., upon them
selves, and make them pay dear for their
boldness and impudence. He according
ly changed his policy from that pursued
upon the former occasion, aud told them
he would take time to consider, and up
on day certain he would give them
the result of his deliberations. Accord
ingly upon the day specified, Mr.. C. ap-
peared and upon this occasion, their very
distinguished Water Agent volunteered
his services, and was SO exceedingly po-
lite and obliging as to volunteer to 90
with and introduce him to persons he
wished to see on business, but took very
good care in the meantime to interrogate
! him upon the all-important subject upon
which he had that day promised them
the result Of his deliberations. He was
informed by that gentleman that he was
still, as much as ever uhconvinced of the
incompetency of the new Co. to cope
with them, and at the same time carry
forward their enterprise to a successful
completion, and therefore he was perfect
ly satisfied with his securities, notwith
standing all the sophistry that had been
used to convince him to the contrary, and
that consequently the only proposition to
which he could listen would be pecu-
MARY one. hence, it was best to drop the
subject, as they would not of course be
willing to give premium for bad debt,
to save him from bankruptcy and ruin
that they would of course rather let him
60 to destruction with the rest of the Co.
70 his surprise, the inquisitive water
agent pressed him to set the figure. upon
which he consented, but added that he
considered it useless to lay the proposition
before the Co., but the eager agent in
sisted upon doing so, and to Mr.. C.'s
amazement it was eagerly taken, the tel
egraph was soon put in operation to carry
the news upon lightning's wings to Sa1
Francisco and Sacramento, to make ar
rangements for the dimes but at this
stage OF the proceedings the disciple of
Blackstone came to the rescue, by sug-
gesting to Mr.. G.. that they had been
frank in acknowledging to him that their
object in making the purchase was to
bring their warfare against the new Co.
to close, by making its destruction sure
and speedy, instead of being obliged to
torture its life out inch by inch, he would
of course be willing to bind himself not
to allow his money to- be used so as IN
any way to prevent the consummati n Of
their humane, honorable, and charitable
object This was a dilemma, to escape
| from which, and not overthrow his object.
required all the shrewdness Mr.. c.. could
command, for the honest and true hearted
man had fully determined that if, to ben
eft himself, and punish them, he put hi
Co. in peril. he would be as sure and
prompt to relieve it again; that rather
than secretly betray them into the power
OF their enemies, to betray the Interests
of the laboring class, to which he was
proud to belong, for their paltry gold. he
would lose his well merited fortune and
again resort to the use of the pick and
spade for living! But his natural
shrewdness did not desert him in this
emergency; he therefore replied that he
would be willing to enter into an agree
ment that If they ever .toreclosed the
mortgage and offered the ditch for sale
under the hammer, he would not bid
against them nor allow his money to be
used for that purpose, but further than
this, he would allow no man or set OF
men to control his property
This however was not satisfactory,
they therefore asked for time To arrange
the business and get the money ready
Accordingly the next Tuesday was the
day fixed upon for the final consumaton
of the whole matter. In the meantime
they cast about to find place for Mr..
C.'s money, and to devise means to in
duce him to loan the same, in order to
put it beyond his power to defeat their
kind object. To provide for this emer-
gency they were forced to call sympa-
thising friends to their assistance. An
alliance was entered into with two other
corporations known as the new Tunlum-
ne River w. Co., and the Shaw's Flat &
New Tuolumne Go. Water Go. What
the terms of the compact were. is not
known; but ii is known, that two of the
proprietors of the latter Co. (Messrs.
Street Il Boan,) presented themselves to
Mr.. G. and earnestly pressed him to loan
them forty thousand dollars for which
they offered him the first mortgage on
their ditch as collateral security, and three
per cent monthly interest, to be COM
pounded every month. Thanks to Mr.
Caldwells magnanimity. they were here
at fault again. Mr.. C. knew we'll that
this was more tempting offer than his
own Co. were able to make him, but new
ertheless he was too honorable and high
minded to thus betray them into the
hands of their foes, and this ci, cumstance