Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-04-09


small round mahogany table. The
room was Illuminated only by four
wax candles with red shades.
He ate deliberately and with enjoy.
ment the meal. exqulsitely prepared
and ezquisitely presented to him. Aft
erward he returned TO the study for his
coffee He opened drawer In his
desk. extracting therefrom some bank
books aud small personal account
books. From these he figured all the
evening. When be had finished his
cold eye exhibited n CLEAN OF sntls-
faction. lie had resolved on course
OF action.
"Orde.", said Newmark next morn
ing as the former entered the office. 81
think | can arrange this natter"
Orde drew up n chair.
Il talked last evening with a man
from Detroit named Thayer. who
thinks he may advance $1,000 on
mortgage on our northern peninsula
stumpage. For that Of course. we will
give the firms note with interest ut 10
per cent. | will turn this over to you"
That's began Orde.
Hold on" interrupted Newmark.
"As collateral security you will de.
posit for me your stock In the Boom
company. indorsed In blank. II you
do not pay the full amount Of the
firms note to Thayer. then the stock
viii be turned In to me-"
II see" said Or1e.
Now. don't misunderstood me-"
Sid Newmark dryiy. This Is your
oNu affair. aud do not urge II on you.
| II we raise as much us S1j.OOO on that
rpler peninsula stumpage 1t viii be
| NJ It eau stand. for next year we must
l. re third payment on II. II you
take TINT money 1t Is OF course proper
that you pny the interest on It. And
II there's any possibility or the fore
closure Of the mortgage It IL only right
that you run all the risk Of loss-not
myself"
Certainly" said Orde.
From another point OF view" went
on Newmark. you are practically
mortgnging your interest In the Boom
company for $4,000 That would
make, on the usual basis vt mort
| gage. your share worth above 500
200. and sIOo.O00 is high valuation
Of our property"
| inat LOOKS more 'han oecen' on
your part said orde'
| vi COURSE "one VI NY business :,
what you mtehu 10 90 WIN this'
went on Newmark. "bnt unless you're
sure you can 'h'e' ,nese no'es ! suou'o
s'rons'y hu''se usn'hs, "
FOR now long tihe couiu ! get
'hs "sheu oroe W ienRn.
\ couiunt promise u Tor longer 'ha''
hve Years rephro Newn'nrh.
INA. "ou'u mani aoo", s,o'' =
yehrf anu INTEREST WIZ ,u"n see
why Gnu : garry. ,nn. e"S's % '''
present s.o""iH ano p'oSl'eo
no'nnR un'o"''' ""'''''' '
aiseu sewl'n
no. uiucn r'sN. sa'u orue nope
tuiy' ineres no'n'hs surr' 'uan
lumber What do our earnings figure
anyway"
r"We're driving l50.O0O,000 at a profit
Of about W cents n thousand. That's
S0O,OO0-in FIVE years SI5UUOO. We
ought to clean up 81 thousand Oh
our mill. THAT'S about n hundred thou
sand on what we've got left"
And that little barge business nets
us about twelve or fifteen thousand II
year."
For the five years about 100000
more. Let's see-thnt's total OF. say,
100000 In five years"
I'VE will have TO take up In that
time" said Newmark, 1.-TWO payments
on timber. the note on the First MI
tional. the Commercial note. the la
bilities on the Room company -S3OO.'
coo all told"
Correct" said Orde. Good enough
! ought to get along on margin like
that"
He set to figuring. The results be
eyed doubtfully. Each year he must
pay In interest the sum OF S'.5m
Each year he would have to count on
a proportionate saving OF sl5!OOo TO
ward payment OF the notes. In add
he to himself %And maybe nt the e., r e