The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1910-03-24
Ghe
Rivernldn
By STEWART
EDWARD WHITE
Copyright. 1908. by the Mcclure Com.
pany Copyright. 1907. 1908. by
Stewart Edward White
IcoNTINUED.l

Hold on. interrupted Newmarb
LAS collateral security you will de
post for me your stock liz the Boon
company. Endorsed in blank. Ii yo,
do not pay the full amount of tn
firms note TO Thayer. then the stool
will be turned in to me-"
II see.' said Orde.
"Now. don't misunderstood me.
said Newmark dryly. This is you
own affair. and l do not urge it on you
If we raise as much as $4,000 on tina
upper peninsula stumpage it will b.
all it can stand. for next year we mus
make third payment on it. II yo,
take that money it is of course prope
that you pay the interest on it. Ant
If there's any possibility Of the fore
closure of the mortgage it is only RICH
that you run all the risk of loss-no
myself"
Certainly" said Orde.
| "From another point of view," wen
on Newmark. you are PRACTICAL.
mortgaging your interest in the Boon
company for $4,000. That would
Ou Tic usual UuS1S VI
gage. your share worth above 5000.
600, and 100000 is high valuation
Of our property"
THAT looks more than decent OF
your part" said Orde.
"Of course it's none Of my business
! what you intend to do with this
! went on Newmark, "but unless YOUR
sure you can meet these notes shoult
strongly advise against it."
For how long a time could &c
! this?' asked Orde at length.
Il couldn't promise it for longer thai
| five years." replied Newmark.
'"That would make about $4,000 :
year and interest Well. don't SCI
why l can't carry that easily on ou
present showing and prospects"
IF nothing untoward happens" in
sisted Newmark.
"It's not much risk" said Orde hope
fully. There's nothing surer thar
humber. What do our earnings figure
tnyway?"
We're driving 10000 600 at prof,
Of about 60 cents a thousand. That.
sec, OO0-in five years $45O,OOO. We
ought to clean up S. a thousand or
our mill. That's about hundred thou
sand on what we've got left"
"And that little barge business nets
us about twelve or fifteen thousand a
year."
For the five years about 100000
more. Let's see-that's total of. say
$500, 900 in five years."
1--WE will have to take up in that
time" said Newmark. two payments
on timber. the note on the First Ma
tional. the Commercial note. the liza.
bilities on the Boom company-$3OO.
600 all told"
Correct" said Orde. Good enough
l ought to get along on margin like
that"
He set to figuring. The results he
eyed doubtfully. Each year he must
pay in interest the sum of $500
Each year he would have to count on
a proportionate saving of $4,000 to.
ward payment Of the notes. In addi.
ton, ne must live.
But Orde was fond of risks.
"Never mind. It's for Bobby" said
he to himself. And maybe the rate
Of interest will go down. and I'll be
able to borrow On the California tract
If anything does go wrong"
He stepped across the hall into Tay-
lor's office.
Frank" began Orde Immediately
Il came to see you about that Califor-
MIA timber matter. Now. what l want
is this He proceeded to outline care
fully the agreement between himself
and Newmark. while the lawyer took
notes and occasionally interjected a
question.
"All right" said the latter when the
details had been mastered. III dra W
the necessary notes and papers"
"Now." went on Orde. producing the
bundle of papers from his pocket.
'heres the abstract of title | wish
you'd look it over. It's long one.
but not complicated. as near as can
make out. Trace seems to have ac-
Quired this tract mostly from the orig
inal homesteaders and the like. who.
Of course. take title direct from the
government. l want you to look it
over, to be sure everything's ship
shape.
zone other thing" concluded Orde.
81 want this investment to get no far
Their than the Of
s.: :: s; s.; s: +. e; !: ::
sooner than toim-
agine the things W
all cut and dried 2 WIN
for him. and moth
ing keeps him nv