The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1910-02-02

i0y Il tJV
From these he figured all the eUentng.
prints and etchings. the bronzed stu
dents lamp on the square table desk
and the rugs on the polished floor.
'Mr. Newmark. sir" came respect
full voice. ..it is just short of To
every WELL" replied Newmark.
Newmark yawned. threw aside the
cigar, of which he had smoked but an
inch, and passed from his study into
his bedroom across the hall. He bath
ed In the adjoining bathroom. shaved
carefully between the two wax lights
which were his within and dressed in
what were then known as swallow
tail clothes. Then. with all the de-
liberation Of one under fire OF hum
dred eyes. he proceeded to the dining
room. His butler. Mallock. too. wore
the swallowtail, but its buttons were
Of gilt.
Newmark seated himself in leather
upholstered mahogany chair before
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. exquisitely prepared
and exquisitely presented to him. Aft
erward he returned to the study for his
coffee He opened drawer in his
desk, extracting therefrom some bank
books and small personal account
! books. From these he figured all the
evening. When he had finished his
cold eye exhibited CLEAN of salts
faction. He had resolved on a course
of action.
"Orde," said Newmark next morn
! ing as the former entered the Office. IT
think / can arrange this matter"
Orde drew uI chair.
II talked last evening with man
from Detroit named Thayer. who
thinks he may advance $4,000 on a
mortgage on our northern peninsula
stumpage. For that, Of course. we will
give the firms hote with interest at 10
per cent. will turn this over to YOU"
THAT'S began Orde.
'Hold on" interrupted Newmark.
las collateral security you will de
post for me your stock in the Boom
company. indorsed in blank. Ii you
do not pay the full amount of the
c-m's note to Thayer. then the stock
will be turned in to me-"
81 see." said Orde.
Nov. don't misunderstood me-
said Newmark dryly. This is your
own affair. and do not urge it on you
If we raise as much as $4,000 on that
upper peninsula stumpage it will be
all it can stand. for next year we must
make third payment on it. If you
take that money it is Of course proper
that you pay the interest on it. And
il there's any possibility Of the fore
closure Of the mortgage it is only right
that you run all the risk Of loss mot
myself
Certainly" said Orde.
From another point Of view" went
on NeWmark. ''you are practically
mortgaging your interest In the Boom
company for $4,000 That would
make. on the usual basis of mort
gage, your share worth above $500
600. and 100000 is high valuation
of our property"
THAT looks more than decent on
your part said Orde.
"Of course it's none of my business
what you intend TO do with this
went on Newmark. but unless you're
sure you can meet these notes should
strongly advise against it,
l.
For how long a time could gel
this? asked Orde at length.
II couldn't promise it for longer thar
+ five years. replied Newmark
"That would make about $4,000 q
year and interest Well. | don't SEE
why can't carry that easily on oul
present showing and prospects"
IF nothing untoward happens" In
sisted Newark.
Its not much risk" said Orde hope
fully. There's nothing surer thar
lumber. What do our earnings figure
anyway
We're driving 15O.OOO,OOO at profit
Of about go cents a thousand. That's
10000 in five years $450.0O0. We
ought to clean up SIS a thousand on
our mill That's about hundred thou
sand on what we've got left"
'And that little barge business netf
us about twelve or fifteen thousand 9
year.
For the five years about $60.0OC
more. Let's see-that's a total of. say
100000 in five years"
"We will have to take up in thai
time.' said Newmark. two payments
on timber. the note on the First Ma
tional, the Commercial note, the liza
bilities on the Boom company $500.
600 all told
Correct" said Orde. .Good enough
ought to get along on margin like
that"
He set to figuring. The results hs