New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1910-03-30

Will were 3Iueu kUOWn DIS 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 sWalloWtail, but it's buttons were
Of gilt.
Newmark seated himself in a 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
sOrde," said NeWmark next morn
ing as the former entered the Office. st
think l can arrange this matter
Orde drew ua a chair.
Il 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 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, indorsed 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 third payment on it. If you
take that money it 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
| o.
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 l should
strongly advise against it."
"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 Z
year and interest. Well. l don't Sc,
why I can't carry that easily on ou
present showing and prospects,
eff nothing untoward happens" in
sisted Newmark.
cts not much risk" said Orde hope
fully There's nothing surer thai
lumber. What do our earnings fgur
anyway"
4 "We're driving 15O,OOO,OOO at prof
Of about 60 cents thousand. That
800 ,OOO-in five years $450,OO0 w
ought to clean up SIS a thousand OF
our mill. That's about a hundred thou
sand on what we've got left.''
"And that little barge business net
us about twelve or fifteen thousand
year."
'For the five years about $4,000
more. Let's see-that's a total of, say
100000 in five years."
"We will have to take up in tina
time," said Newmark, ''two payment
S on timber, the note on the First Ma
tional the Commercial note, the liza
bilities on the Boom company-$3O0
600 all told.
Correct" ., said Orde. 'Good enough
| L OuShl " SCI vi q S4u LILA
that
He set to figuring. The results b
eyed doubtfully. Each year he mus
pay in interest the sum Of $7,5O(
Each year he would have to count OF
proportionate saving of $4,000 to
ward payment of the notes. In add
ton, he must live.
]. But Orde was fond of risks.
"Never mind. It's for Bobby sal
he to himself. And maybe the rat
of interest will go down, and III b
able to borrow on the California trac
if anything does go wrong
He stepped across the hall into Tay
lor's Office.
Frank" began Orde Immediately
ST came to see you about that Califor
MIA timber matter. Now. what l wan
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