Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1910-01-21

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 BE 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 hun
dred eyes. he proceeded to the dining
room. His butler, Mallock, too. wore
the swanowtail, but its buttons were
OF gilt.
Newmark seated himself in leather
upholstered mahogany chair before a
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 a drawer in his
desk, extracting therefrom some hank
books and small personal account
books. From these he figured all the
evening. When he had finished his
cold eye exhibited a CLEAN Of salts
faction. He had resolved on course
OF action.
'Orde," said Newmark next morn
ing as the former entered the office. 81
think 1 can arrange this matter"
Orde drew up a chair.
81 talked last evening with man
from Detroit named Thayer. who
thinks he may advance $4,000 on
mortgage on our northern peninsula
stumpage For that. Of course. we will
give the firms note with interest at 10
per cent. l will turn this over TO you
That's began Orde
Hold on interrupted Newmark.
"As collateral security you will de
post for me your stock in the Boom
company. Endorsed in blank. If you
do not pay the full amount of the
firms note to Thayer. then the stock
will be turned in to me-"
Il see'' said Orde
Now. 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 Il third payment on ii. IL you
take that money 1t is Of course proper
that you pay the interest on it. And
if there's any possibility of the fore
closure of the mortgage it is 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
mortgaging your interest in the Boom
company for $4,000. That would
make. on the usual basis of a mort
gage, your share worth above $780,
600, and 100000 is a 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"
For how long a time could I get
thisT' asked Orde at length.
'I couldn't promise 1t for longer than
FIVE years." replied Newmark.
That would make about $4,000
year and interest. Well, l don't see
why ] can't carry that easily on our
present showing and prospects,
eff nothing untoward happens" in
sisted Newmark.
Its not much risk" said Orde hope
fully. There's nothing surer than
lumber. What do our earnings figure
anyway
We're driving 10000, 900 at a profit
OF about so cents a thousand That's
COCOON FIVE years $4,000. 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 metz