Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-11

coal"
DID you point out to them the pros
psctivs value Of the stock and the ne
csssity Of being all in one company to
prevent price cutting and the oppoftu-
nifty to Improve the community by
opening up new business!'
II did. But we're not trying to I'm.
prove the community; we're trying to
make money for ourselves"
I'm afraid, Warren, you were the
wrong man to send after those OPP
tons"
II was" said Warren calmly. n
told you % at 6rst. I'm not q clever
talker."
II don't want to tie up any more cash
in this than have to. How would It
work to send John Dunmeade aftes
those options? We could make him At
torney for US and the company and
give him stock. What do you think%
Warren took several minutes to con.
slider this suggestion. He can do 1t II
any one can" he said at last. HE h
very popular among the farmers. Ev-
erybody likes him. like him. too.
though he is always laughing at me-"
"Eh? Why does he laugh at your
Hampden inquired.
Il don't know" answered Warren
evenly. II shall ask him sometime.
Shall send for him?''
Eyes"
Warren opened the door and sent one
Of his clerks with the message. Then
he sat down. staring thoughtfully at
the smoke from Hampden's cigar.
Hampden took up pad and pencil and
began to make some calculations.
HE won't do It," Warren said sud-
denly.
"Why not?" Hampden looked up
from his penciling.
Hes honest
"Arent we honest?" Hampden de-
manded sharply.
"We're not-sentimentai." Warren
answered calmly. "He is We're try
Ing to take ntage-legitimately. Of
course-of the farmers in bargain.
That's the thing he likes to fight"
mot at ALL" Hampden contradicted
coldly. "This is Il straight business
proposition, and guess he'll not be
sentimental when we offer him. say,
ten thousand-in stock. We can let
him have that much without losing
control"
II don't think he'll take It." Warren
insisted without warmth. and be
isn't fool. He doesn't need money.
He's the sort that people take to. whe-
Their he has It or not I'm not like that.
I've got to have money to get peoples
respect You're that kind too"
"Eh?" Hampden stared. half anus.
ed. half angered by Warren's matter Of
fact explanation. Warren was not In
the habit Of talking Of himsef. 'Turn-
ed philosopher, have you? You'd better
stick to banking. where you're at
home"
A few minutes later John entered the
bank. Hampden greeted him cordially.
Warren listened patiently while the
other men used up q Few minutes in
pleasant preliminaries. They came at
last to the purpose of Johns summons.
II suppose you've heard Of our coal
proposition?" Hampden suggested.
Eyes"
There will be a good deal of legal
work in connection with it. go
In a few rapid. terse sentences
Hampden outlined his plan Of organiza-
ton. Mindful of Warren's prediction
and seeing Johns face grow gravely
dubious he endeavored to make his ex-
PLANTATION quite matter Of fact
"Of course" he concluded. you're
familiar with the details There is
nothing new in the plan"
1--WE don't know much about high
finance in New Chelsea. But I read
the papers sometimes. 1t Is almost
q classic. l should say" John replied.
substantially the. plan Of all pro-
motions" Hampden agreed.
Lets see If get you right. You
take the options in your own name.
agreeing to pay for the coal in stock
of your company. Then you agree to
turn the properties over to the COM
pany for little more than twice this
consideration. out of which you pay the
farmers. This gives you control of the
company that owns the coal and it
hasn't cost you a cent. The money for
development and operating you lend
the company, taking as security first
mortgage bonds" He hesitated. look
ing directly at Hampden. THAT hard
" gives the farmers a square deal.
does it?"
The pupils Of Hampden's eyes con-
tracted suddenly. Certainly it does"
he answered with some emphasis.
''since 1t converts properties that have
been eating themselves up In taxes into
a producing proposition. didn't say"
he added carelessly, 'that your fee
ought, in my opinion. to be about &c.,
OOO-in stock"
worth how much?"
"wo-th par" Hampden answered
with conviction. Eventually"
"Phew! You haven't impressed mo
as a man who would pay city prices
for country butter, Mr.. Hampden."
John replied thoughtfully. Just why
so much?"
"You will be expected to earn II"
said Hampden dryly. Are you in the
habit Of questioning fees because they
are largey'
"pm not in the habit Of getting large
fees. Only I'm not quite clear how
yon expect me to earn fee Of $4,000
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