Waterbury evening Democrat., 1903-12-12

1Ou udu no UuSluSSS 0ulST1uS #1HtO any such coatract. It gave him no show"
 Il suppose that was mainly his look out, wasn't it? And, as already told you, we had to protect ourselves"
 You should have demanded security for the completion of the work. Under your present agreement, if Radway got in the timber, you were to pay him a fair price. If he didn't, you appro- priated everything he had already done. Tn other words, you made him bet"
 T don't care what you call it." an- swered Daly, who had recovered his good humor in contemplation of the se- curity of his position. 'aThe fact stands all right
 Ut does," said Thorpe unexpectedly "and I'm glad of it. Now, let's examine few figures. You owned 100000 feet of timber, which at the price of stumpage" (standing trees) twas worth $10,OOO.'
 .sWell?"
 You come out at the end of the sea- son with three million and a half of oclW lO$S, WDltA WILL lAG pH WOItA Ol logging added are worth $21,0OOv
 Hold on" cried Daly. we paid Radway $4. We could have done it ourselves for less. 7
 You could not have done 1t for one cent less than four twenty in that coun- try" replied Thorpe, "as an expert will testify"
 "Why did we give 1t to Railway at four then?'
 You saved the expense of salaried overseer and yourselves some bother" replied Thorpe .'Radway could do it for less because, for some strange req son which you yourself do not under stand, jobber can always log for less than company"
 we could have done it for four," i11- sisted Daily stubborn1y. But get on What are you driving at? My times valuable"
 Well, put her at four, then" agreed Thorpe. That makes your saw logs worth over S2O,o0O. Of this value Rad way added $13,0oO. You have appro- priated that much of his without pay ing him one cent"
 Daly seemed amused How about the million and half feet of ours he appropriated P he asked ql&etly.
 I'm coming to that. Now for your losses. At the stumpage rate your million and half which Radway 'ap. propriated' would be only three thou sand. But for the sake of argument we'll take the actual sum you'd have received for saw logs. Even then the million and half would only have been worth between eight and nine thousand. Deducting this purely theo- retical loss Radway has occasioned you from the amount he has gained for you, you are still some four or five thousand ahead of the game. For that you paid him nothing''
 That's Railways lookout
 'In justice you should pay him that amount. He is a poor man. He has sunk all he owned in this venture, some $12O0O, and he has, nothing to live on. Evenif you pay him five thou sand, he has lost considerable, while you have gained' 4
 How have we gained by this bit of philanthropy
 Because you originally paid in cash for all that timber on the stump just $10,0O0, and you get from Radway saw logs to the value of $20,OO0," replied Thorpe sharply Besides you still own the. wTlkszon and half which, if you do not eaac to put them in your self. you can Sell for something on the skids.''
 Don't you know, young man, that white pine logs on skids will spoil ut terly in a summer? Worms get into em."
 T do." replied Thorpe, unless you bark them, which process will cost you about $1 thousand. You can find any amount of small purehasers at re- duced price. You can sch them easily at s. That nets you for your million and half little over $4,000 more. Under the circumstances I do not think that my request for five thousand is at all exorbitant."
 Daily laughed. You are 8. shrewd hgurer and your remarks are interest fng said he