Arizona republican., 1898-08-15

On arriving at his room in the city he found Melville waiting for him.
 Melville shook hands with young I.ongworth and, taking d mineral spec imen from his pocket, placed it on the young mans desk, saying:
 q suppose you know where that comes from:'
 Lonyworth looked at it in bewil- dered sort of way, turning it round and round in his hand.
 ''I haven't the slightest idea, really"
 "No? I was told you were interested in the mine from which this was taken Mir. Wentworth called on me yesterday and gave your name as one of those who were concerned with the mine
 'Ah. yes. I see; yes. yes, have-some interest in the mine.''
 Well, it is about that I came to talk with you. Where is the mine situated?|
 Ut is near the Ottawa river. believe, some distance above Montreal. I am not certain about it's exact position. but it is somewhere in that neighhorhood."
 q thought by the way Wentworth talked it was i'll the United States. He mentioned another person as being his lartncr in the affair. I forgot his name
 John Kenyon. probably
 Kenyon. Yes. l think that was the name. Yes. I am sure it was. Now may ask what is your connection with hat mine? .,re you q partner of Wentworth's and Kenyon's? Are you iln fI,i If l, !, mine owned ioy them?"
 Tn the first place. Mr Melville, I should like to know why you ask me these questions Melville laughed. Well, l will tell you. We should like to know what >harce there is of our getting a con trolling interest in the mine. That is very frankly put, isn't it ?''
 "Ies, it is. But whom do you mean by 'we?' Who else besides yourself?''
 By we I mean the china company to which I belong. This. mineral is useful in making china. That suppose y au know
 "Ies. 1 was aware of that" answered longworth, although he heard it now for the first time Every well. then; I should like to l:now who is the owner of the mine."
 "The owner of the mine at present is some foreigner, whose name and ad- dress I do not know The two young men you speak of have an option on that mine for a certain length of time: how long I don't know. They have been urging me to go in with them to i form a company for the floating of that mine, for S 100000, on the London ! nlarket.''
 ''He mentioned [ O,OOO," said Mel 1 ville 'It struck me as rather large amount"
 Do you think so? We'll, the objec- tion I had to it was that it was to small"
 'It seems to me the young men have an exaggerated idea of the value of this mineral ii they think twill pay dividends on 100000"
 ''This mineral is not all there is in the mine. In fact, it is already paying dividend on { 50.0O0 or thereabo1ts because of the mica in it. It is being mined for mica alone. To tell the | other mineral"
 And do you think the mine is worth 2OOOOO?'
 Frankly, do not
 ''Then why are you connected with it?"
 q am not connected with it-a leas. not definitely connected with it. have the matter under consideration. Of course, if there is anything approach to do with it. It will depend largely upon the figures that the young men show me whether I have anything to
 do with it or not
 ''I see; I understand your position. Then, lowering his voice, Melville leaned over toward young Longworth and :'aid: You are man of business Now I want to ask you what would le the chance of our getting the mint at something like the original optioJ price. which is. of course. very much
 sss than G2OO,OOO? We do not want } Co have too many in it.. In fact. if you could get it for us at a reasonable rate and did not care to be troubled witf he property yourself, we would takt the whole ourselves" Young Iongworth pondered a mo mcnt. and then said to Melville: Do you mean to freeze out the other
 two fellows, as they say in America?'
 "l do not kEow about freezing out but. of course. with the other two there is so much less profit to be divided. Wt should like to deal with just as few a'
 possible"
 , Exactly. I see what you mean. We'll l think it can be done. Are you in ar! very great hurry for the mine?" , Not particularly. Why l Well, if things are worked rightly, 7 don't know but that we could get i 3 for the original option. That would mean, of course, to wait until this frs t option had run out" Wouldn't there be little danger il
 that? They may form their compan,
 ;n the meantime, and then we shoul' [ lose eyervthiup Our in tereSt in tn