The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1906-11-22

OOOAhCcpeI, AelLW1Cu, udu uedrQ the
whole conversation, and he remember.
ed also that he had been, as he put it.
rather hard on Leftwich" upon sew.
eral occasions in the past. If Leftwich
cherished resentment on that account
his malice now had it's opportunity.
On the whole, Napier Tandy could
not recall another day in all his life
on which he had suffered so much in
spirit as he did now, but there was no
time for brooding or lamenting. He
felt that he was in Guilford Duncan's
clutches, and, While he knew little of
conscientious scruples by virtue Of any
soul experiences Of that kind on his
own part, he had so far learned to un-
derstand Duncan as to know that he
would, as a matter Of conscience alone,
enforce the strict letter of his demand,
he hastened to find Captain Will
Hallam, and to him he made almost a
piteous appeal for loan Of $4,000
through the Hallam bank.
$50 Duncan carries too many guns
for you, eh?" was the fippant remark
with which Captain Hallam received
the appeal.
Twill you let me have the money %
almost frantically pleaded the now
thoroughly frightened man. "You see,
time is precious. I've less than an hour
in which to raise the sum. You must
help me out, Hallam!'
Il really don't know whether I can
arrange it or not. I'll see Stafford and
find out how far our loans are extend
ed. What security can you give? You
know, Stafford is very exacting as to
the character Of the security on which
he lends the banks funds.''
eyes, I know, and that is very awk-
ward just now. I'm good deal tied
up, you know. I've been buying prop
erty along the line Of our proposed
'ailroad. I've bought rather heavily,
and as I hadn't expected to be called
upon to raise money just now have
gone in pretty deep on credit. You
know how impossible it is to realize on
such property, even at loss, when
man must have money at once"
''Then what can you offerY'
"Well, I've a pretty large block Of
stock in the Memphis and Ohio River
railroad"-
'Not good collateral till the road is
finished. You know we couldn't touch
that
Tandy mentioned some other securi-
ties that Hallam deemed insecure, and
BY this time Hallam had begun to won.
der what was the matter with Tandy.
He knew, or thought he knew, that the
man must have greatly more money in
vested somewhere than these things
represented. He had great curiosity
to know what the other investments
were, but he did not find out, for at
last, within brief while Of the end Of
bis hour of grace, the troubled man
said:
There is nothing for it but to n.y.
pothecate a part of my stock in the X
National. You know that is good" r~
"Oh, yes; that's good. Stafford will
accept that as collateral if the bank is
IN a position to extend it's loans I'll
go and see.'
When he told Stafford what the situa-
ton was that astute banker, who had
been in many financial fisticuff with
Tandy, quietly said:
Il don't see why we should make the
loan. Why not refuse it and then have
you offer to buy the stock outright at
about par? He must sell, for if I have
correctly sized up our friend Duncan
he'll never let up on his demand in this
case. A man with a conscience like his
simply can't let up in such natter
''That's the way We'll fix it, an
swered Hallam, with an amused twin
kle in his eye. "He's obviously in need
Of little more education at my hands.
and he can afford to pay for it. I'll
buy the stock at par-not a cent more
I suppose it's worth 1922
"Yes, all of that, and it will be worth
more presently under Duncan's man
agement. What a fellow that is, any,
hOw!''
Il imagine Tandy thinks so, by this
time"
AS there was no other bank in Cairo
a1Au AOUOuy elS0 WHO COulO make q
loan such as Tandy must have on the
instant he was simply compelled to
make the sale on Hallam's own terms.
With Hallam's check in hand he
hurried to the x National, arriving
there just in time to meet Guilford
Duncan's demand.
Duncan received the check in the
bank parlor, again insisting that Left
witch should be present at the inter-
view.
''1'll take that paper, if you please"
Tandy said, holding out his hand for it.
"Not until you shall have adjusted
the other matter. The banks books
show that while you were still presi-
dent Of the institution you made
loan of $4,000 to yourself on your IN
secured note, without even an indorse-
ment. You know that in doing so YOU
violated the law you were sworn to
obey and enforce. With that l do not
now concern myself. What ask is
that you secure the bank for that loan.
which still stands. When that is done
Mr. Ieftwich. will return 4hic nonor r.,