The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1906-08-12

L
Tho telegram was sent. and then
Tandy took Temple In his carriage.
one OF tho best IN Cairo at that time,
and showed him nll there was or 70.
source In the town, IecturIng moan.
while on the prospects Of Cairo M a.
future grent commercial and manufac.
| turing center IIo showed him all
there was TO bo shown and then said
| to him:
"Now, I'm an apostle OF western de.
yelopment. but stlll more I'm mn apos-
tic OF the development OF Cairo. I'm
q bull on the country and bull on
| this city. There IL much to be done.
and II will require tho Investment OF
a grcat deal OF money. But the In.
vcstments will pay an nothing else
promises to do We must have grain
elevators and mills and all the rest OF
II. We've two big -four mills already,
and there will bo two or three more
within year. They must have bar
rcls by thousands and tens OF thou.
sands. Now, man of your lntclli'
gence must see that empty barrels.
being bulky, are costly things to trans.
port over long distances. while tho
mills must buy them at the lowest pos
sibls price. Otherwise they can't sell
flour In competition with the mills Of
other cities. 80 tho necessity OF hay.
Ing a big barrel factory here 10 obvi.
ous, and no IL tho profit. am Just
forming a company for that purpose.
We have abundant timber right at
hand. Just acrosa the two rivers. In
Missouri and Kentucky. We can make
barrels at loss cost than they can DO
had for In any other city. while we
have a local market that viii DO IN.
failing. The company is capitalized
at $4,000. and good part OF It 10 al
ready subscribed"
He did not say that none Of II had
been paid for yet and that be was un-
successfully trying TO find buyers for IT,
"Its u sure thing. The profits will
be large from tho beginning. and the
stock as soon as the factory is In opera.
ton viii Jump up 30 per cent Mt least
II you want thousand or so OF IT,
III lot you In on the ground door. 9th
erwise ri take II myself"
'"Thnt imprcsscs me very favorably."
answered Temple truthfully. ut Is an
enterprise based upon sound principles
--one that offers supply In direct an.
swer to a demand. | shall probably
decide 10 take little Of that stock II
I can get some other securities TO 80
with II. but for part OF the money
have 10 invest must get stock 10 some
already established and assured busl.
ness, | should especially like bank
stock. either IN your bank or Captain
Hallsm's You see"-
"oh. yea. see You want n nest egg
that will certainly hatch out chicken.
rIi fnd II for you. Let's leave that till
tomorrow. Anyhow Pm an advocate
Of local Investments. I'm putting every
spare dollar I've got into them. and ]
always advise investors to 20 into them.
Were planning -Hailam aud Ito set
up gas plant here. The city needs II.
and ltll pay from the word so. I'll tell
you about that tomorrow. You see. |
want you TO know Just what we're do
Ing and planning and then we'll ind
the best places for you TO put your
money into. It's getting late now, no
we'll drive back to the bank. ] told
the cashier 10 walt for US, though OF
course It's after banking hours"
On their return 10 the bank each OF
these men felt he had put In a good
days work" Tandy was sure that by
letting the young man have a few
shares In firmly established enterprises
be could rope him in." as he phrased
II In his mind. for the purchase Of some
moro doubtful things. Temple. In his
turn. was convinced that by buying In.
TO some of Tandy's more speculative
enterprises he could ultimately secure
the shares he had been set to buy in the
X National.
The telcgraphlc reply from the New
York bank had been received and was
altogether satisfactory, 80, late as 1t
was, Temple drew on New York for
$4,000 and, with the draft, opened
deposit account for that amount In
Tandy's bunk.
Then he went to his hotel. His first
impulse was to send message TO
Captain VIII Hallam asking whether
he might take the barrel factory stock,
and perhaps some other things Of like
kind, In aid Of success In his mission,
but upon reflection he decided to act
upon his own judgment, without con-
sultatlon or advice. Hallam had given
him q free kand, leaving him to work
out the problem In his own way. Any
communication between him and Hal
lam or between him and Duncan would
involve something of risk. SO he sat
alone In his hotel room, thinking and
planning.
He did not know or dream how anx-
ious Tandy was to draw him into some
of his schemes. He did not know that
both the barrel factory and the gas en-
terprlse had recently become verltable
white elephants ON Tandys hands. He
did not know that Tandy, In his eager.
vNaoo "a nvarwa0oh Iolla,, had 6Otrntoh