Mower County transcript., 1904-03-16

| for the completion of the work. Under
] your present agreement. if Radway
got in the timber, you were to pay him
fair price. II he didn't. you appro-
priated everything he had already
done. In other words, you made him
| q bet" 80
| II don't care what you call it, an
swered DAILY. who had recovered his
good humor in contemplation of the Sc
curity Of his position. The fact stands
all right =.
"It does," said Thorpe unexpectedly.
"and I'm glad Of it. Now, let's examine
a few figures. You owned 100000
| feet of timber. which at the price of
stumpage.' (standing trees) twas worth
$1O,OOO."
"Well?"
"You come out at the end of the sea
son with three million and half of
saw logs, which with the 81 worth of
logging added are worth $21.OOO."
"Hold on" cried Daily. 1--WE paid
Railway 81. We could have done it
ourselves for less"
| /
cent less than fourtwenty in that coun-
try" replied Thorpe, las an expert will
testify"
'Why did we give it to Radway at
four then?'
'You saved the expense of a salaried
ovcrsecr and yourselves some bother"
replied Thorpe. "RadWay could do it
for less because, for some strange .rea-
son which you yourself do not under
stand, IL jobbcr can always log for less
than Il company
1--WE could have done it for four" in
sisted Daily stubbornly. But get on.
What are you driving at? My times
| valuable"
well. put her at four. them" agreed
Thorpe. "rhat makes your saw logs
worth over $4,000. OF this value Rad
way added $4,000. You have appro-
priated that much of his without pay
ing him one cent"
| DAILY seemed amused. How about
the million and half feet of ours he
appropriated?' he asked quietly
I'm coming to that. Now for your
losses. At the stumpage rate your
million and 4 half which Radway 'ap.
propriated' would be only three thou
sand. But for the sake of argument
Well take the actual sum you'd have
received for saw logs. Even then the
million and q half would only have
been worth between eight and nine
thousand. Deducting this purely theo-
retical loss Railway 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"
'Thats Railways lookout"
I'm justice you should pay him that
amount. He is poor man. He has
sunk all he owned in this venture,
some $4,000, and he. has nothing to
live on. Even if you pay him five thou
sand, he has lost considerable, while
you have gained"
"How have we gained by this bit Of
philanthropy" :
Because you originally paid in cash
for all that timber on the stump just
$4,000, and you get from Radway saw
logs to the value Of $20,0OO." replied
Thorpe sharply. Besides. you still
| own the million and q half which, if
you do not care 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 sklds will spoil ut
| terly in summer? Worms get into
en-"
! II do" replied Thorpe. unless you
bark them. which process will cost you
about 81 a thousand. You can find
any amount of small purchasers at re-
duced price. You can sell them easily
at So. That nets you for your million
and half a little over $4,000 more
Under the circumstances do not think
| that my request for five thousand is
at all exorbitant."
DAILY laughed. "You are a shrewd
fgurer, and your remarks are interest
ing" said he.
"Will you give $5,OOO?" asked Thorpe.
IL will not" replied DAILY; then, with
| 4 sudden change of humor: "And now
| I'll do little talking. I've listened to
you just about as long as I'm going
to. I have Railways contract in that
safe. and live up to it. I'll thank you
to 60 plumb to blazes!'
'"That's your last word, is it?' asked
Thorpe, rising.
ut is"
'Then," said he slowly and distinctly.
"l'll tell you what I'll do. I intend to
collect in full the 81 a thousand for the
| three millions and half Mr.. Radway
has delivered to you. In return Mr..
Radway will purchase of you at the
| stumpage rates Of 81 thousand the
million and half he failed to put
in. That makes bill against you.
If my figuring is correct. of just $11,-
600. You will pay that bill, and will
tell you why. Your contract will be
classed in any court as gambling con-