St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-05-23
JAKE CRAWFORD'S
CORPORATION
BY FRANK H. SWEET.
ACKNOWLEDGEMENTS
copyright, 1907. by Daily Story Pub. Coz

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"opyrisht' 1903 by Daily Story Pub. Coz
AXE CRAWFORD looked conf
~ IDENTIFY into the girls eyes. e.
rap alters said If / held on to the
ian hit would fill my pockets some
day, Cindy.'' =, ..
=, rant so much the pockets bein'
"ileo as t is we canlive like folks, 1.-THE
girl answered, wistfully, her eyes con-
.roil'ng his and seeming to sweep them
DOTH out into the great world beyond
the mountains.
An Jake" wistfully, ''I'd like to be
c1imbin' alongside O. you an he'pin'.
nlt 90 seem like you an me might git
10 what we aimed fur-only," with a
sudden trace of uncertainty in her
voice, that bo'der l heered talkin' to
the hotel whar sol the huckleberries
SAID as how folks couldn't live out
among folks on less'n milyun dollars.
Is hit much, Jake?"
: He smiled at her reass uringly. eyes,
reckon hits heap-more'n a thou
san, more'n two thousan'. But don't
Je feel to be skeered, Cindy; I'll git
hit fur ye."
They talked and planned for an hour,
and then Jake went on toward the 50
or more rocky acres which his father
had said would one day fill his pockets.
Strangers had examined the land, and
talked vaguely of minerals and corpo-
rations and big profits, and deplored
the fact that transportation was so in
adequate and SO expensive, and then
had gone away without proposing any
thing definite. Only few weeks be-
fore man had come with plans for
corporation, in which Jake was to fig
ure as shareholder in return for his
land; but no agreement had been made.
1t was a week before the man came
again, and then he was vague and in
definite. Evidently he was waiting for
Jake to become impatient, and through
his Impotence, rash.
you see the transportation is likely
to cost more than the whole plant
would be WORTH" the man said, defen-
sively. IF it wasn't for that would
snap your land up at a big figure. The
railroad is SO far
"Then why'd ye Gomez" interrupted
Jake, bluntly; 'you cert'n'y don't
want to go into thing that won't pay"
"Oh, I'm not saying that" quickly.
Il think it will pay, with good manage
ment. There's the manganese land I've
been telling you about. on the lower
side. It would be worth fortune near
railroad; and the coal land, too,
might"
eyes, the coal lan's vallyble, thar
amt no doubt bout that" said Jake.
his face flushing. Pap alters lowed hit
would fill my pockets some day. But I
amt much notion O the manganese
lam. Pap never spoke O. that. I low
hits sort O. triflin'."
''Really?" and sudden light came
into the mans eyes. He did not think
it necessary to say that he considered
the manganese land far more valuable
than the coal land, and indeed, that it
was the only land of much value in the
vicinity. sort of trifing. Well, your
father ought to have known. Butwhat
will you take for it, say cash?" <
''Well, 1 amt give hit thought" du-
biously., ."Hit's the coal lam I've been
countin' on. I reckon I'd rather sell
both for straight out cash, though.
That's something shore. But s'poseye
tell mo- bout them corporations.
How'd We fix 'em, an do they pay as
much?"
THAT depends. If a man hasn't work
ing capital, he can divide his business
up into shares and sell as he finds nee
essary. Now, if your coal land was to
be worked, company could issue, say,
$50, 900 worth of stock, 500 shares at
hundred dollars each. Enough could be
sold to supply working fund, and the
profits divided according to the shares.
If the plant proved valuable, stock
would go up; and enough could be>sold
at. any time to supply necessary funds.
Do you follow me?"
eyes, reckon so. Hits jes' this way.
If a man has prop'ty to sell he can fig
his own price in stock, stead O. havin'
to wait on somebody's offer. Like a
hundred-dollar mule, if man can't
get but $40 offers, he'd better make her
0 corporation"
HE might not be able to sell the
stock" hazarded the man.
"S'pose he didn't. S'pose he only sol !!
50 sheers; he'd have half the mule left,
an the $50, wouldn't hep
"Why, yes; but it isn't always advisa-
BILE to put out too much stock, or to fix
the price too high. It's apt to drag the
SALE"
"That SOP" Jake looked at him curl
ously for moment, then went on re-
Aectiyely: when ye was up here
t'other day ye spoke of big corpora
ton. an lowed the mo- sheers was sol
the mo- money thar'd he, an the mo-
money thar'd be the mo- work could be
done an the mo- profits divided. Amt
that how We said? I've been thinkin'
a heap O. that corporation sense ye ]
lef'."
"Why, yes-yes; believe did say
like that. But everything
must have limit"
"Is'pose so. But thar's another pint.
RI a man has prop'ty worth thousan'