Courier Democrat., 1904-05-05
with the amount or the same. rs rna1
clear?'

with the amount OF the same. rs rnat
clear?'
Perfectly" replied Thorpe.
''1n return we were to pay him, mer-
ehantable scale, 81 a thousand. If,
however. he failed to put in the whole
Job the contract was void"
"That's how I understand it." COM
mented Thorpe. "Well?"
"Well, he didn't get in the 5,O0O,O0O
There's million and half hung up In
the woods"
"But you aave in your hands three
million and half, which under the
present arrangement you get free Of
any charge whatever"
"And we ought to get it," cried Daily.
"Great guns! Here we intend to saw
this summer and quit. We want to
get in every stick of timber we own
so as to be able to clear out of here
for good and all at the close of the
season, and now this condigned jobber
ties us up for million and half"
"It is exceedingly annoying" con-
ceded Thorpe, "and it is good deal
of Railways fault, am willing to ad-
NIT, but it's your fault too."
ITO be sure" replied DAILY. with the
accent of sarcasm.
"You had no business entering into
any such contract. It gave him no
show"
II 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. In other words. you made him
q bet.''
Il 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. 1.-THE fact stands
all right"
ut 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) was worth
10000"
"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 $21.00O.''
"Hold on" cried Daily. 1--WE paid
Railway 81. We could have done it
ourselves for less.''
"You could not have done it for one
cent less than four-twenty in that coun-
try" replied Thorpe, "as an expert will
testify"
"Why did we give it 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 rea-
son which you yourself do not under
stand, jobber can always log for less
than company"
1--WE could have done it for four" in.
sisted DAILY stubbornly. "But get on.
What are you driving at? Ny times
valuable"
"Well, put her at four. then" agreed
Thorpe. "That 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 a half feet Of ours he
annrnnriated 2's he asked nr1ietlv
"I'm coming to that. Now for your
losses. At the stumpage rate your
million and half which Radway zap.
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 q half would only have
been worth between eight and nine
thousand. Deducting this purely theo-
.~Al>~1 0~.. D~A-~, 10.