The Nevada County picayune., 1911-06-16

mind when ho reached ms bdHk lue following morning IL would have been simple thing 10 have drawn his per. sonal check for the few thousands needed and forwarded this with his application for the box to the man agemcnt which weighs applications so serupulously
 There wero two objections, how eyer. to this course. The first that President Wells ever made haste slow ly. and the second, that Mr Wells had an inyariable rule that current expenses should be met from current ! income not from reserves And, as Mrs. Wells had said, an opera box might well be reckoned as matter of current expense
 Tn the foyer of the gers' club. where he always took his noon lunch. Mr Wells met Ledyard Newton and John k Austin, fellow directors with him on several boards. and the three men sought q table that they might i lunch together Austin was the senior member of a firm of big corporation l lawyers and counsel to many rail. ! roads, including the Colorado Central, of which Newton, who was q man of wealth, performed the official func- tious of vice president from the pleas ant distance separating New York from Denver The three men were among the heaviest stockholders of the road, and all were on the board of directors.
 From the market and it's aimless gyrations tho talk turned at last to the various properties in which all were l interested.
 eHow is Colorado Central coming ! on 2' Austin asked of Newton T haven't heard much of f. of late
 You keep your eye on our little ] Central, Austin" said Newton, who was a crisp little man. fond of the good things in life. You might have to pay pretty penny to get it back" | AIr Wells. whose attention up to i this time had been about equally di. vided between the conversation and ! the opera box sat up.
 Finding nuggets mixed In with the ! ballast along the linea' Austin de manded. laughing
 Not vet. That'll come later" re- 1 torted Newton. eheerfully. Too busy catching up to our traffic now to stop 1 for gold"
 Traffic got long start on you, I suppose" said Austin T wish you'd catch il or run over it. I'd get either dividends or legal fees then"
 You'll get the dividends first.
 IClryFt sound craC,lofivp {" MT Wells interrupted the banter.
 Isn't that like Wells. now?' asked Newton, noddigg 10 Austin. No speculation for him or the Twelfth Ma tional But, really he added. I'm serious in all this Here. I'll send over to my office for the estimate of earnings they've just sent on from Denver"
 It's just as I told you about the traffic" Newton went on. as the three lighted their cigars and settled back to await the messengers return. 1.-TWO big smelters have jusI been put in op. eration on the Midyale branch; cur extension to the Central Steel Com panys plant Is returning us our share of business. and. best of all. the now link of the Western Colorado-it meets us at Silver City-is turning over big volume of paying traffic. ! If our operating men can hold down ! expenses according 10 estimate we 1 ought to declare two per cent. diYi- dend at the meeting next month. 1t ! will be the first, but fl oughtnt to be l The last. with our small capitalization of S20 .000,000 two per cent divi- dend will call for only s400,000 and l the net earnings for the last three months and estimates for this and next month run away over that Hero asc the estimates You can seq for yourselves" Newton took the papers from the messenger and passed them 10 Mr. Wells and Austin i The three men scanned the figures ; for some minutes MT Wells found the stub of a pencil in pocket and covered the menu card with tumble of cipherings They probably con ! formed to his formulate. for he smiled softly He passed the menu card to Austin
 What do you think of that'" he asked
 The lawyer glanced at the last i characters on the card
 Why. 40 15 on per cent div . he read aloud. slowly. "Ah see rolorado's al 40 now You think it ought to go up fifteen points on the l diyidend2"
 And some iuItclous assistance added Nr Wells I'll would be jusd- fled in this instance, since there are really to be d5yiaenda'
 1nd the asst tance to come from 8ie rcol of three. eh2' commented ! Newton nudgine Mir Wells gently
 Rat it's 5astiaable in this instance
 nd if's not speculation.