The citizen. [volume] (Berea, Ky.) 1899-1958, 1913-04-10

finance In New Chelsea. But I read
the papers sometimes. II Is almost
a classic. ! should say" John replied.
substantially the plan OF all pro
motions" IIampden agreed
Lets see II I get you right. You
take the options In your own name.
agreeing 10 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 u
hasn't cost you a cent. The money for
development and operating you lend
the company. taking a. security first
mortgage bonds" lie hesitated. look
ing directly at IIampden. '"rhat hard.
ly gives the farmers Q square deal.
does ~"
The pupils OF Hampden's eyes con
trncted suddenly. Certainly II does"
he answered with some emphasis.
~sincc II converts properties that have
been eating themselves w In taxes into
| q producing proposition. didn't say"
he added carelcssly. that your fee
ought. In my opinion. TO he about SO.
! OOO-in stock"
| Worth how muchf"
Worth par" IIampden answered
with conviction. Eventually"
"Phew! You haven't impressed me
IS man who would pay city prices
for country butter. Mr.. Hampden."
. .l...lsf,,II.
/ % muchr'
"you viii bc expected To earn H."
! said Iiampdcn dryly. Are you In the
habit ~ questioning fees because they
are largey'
"rm not Ia the habit ~ grtting large
pr. Only I'm not quite clear how
ycn expect me to earn a fee OF $4,000
IN stock worth par-eyentually."
The usual legal matters-charter.
organization. coDveyances and 80 on.
I And" casually. helping us TO sign up
the Deer township properties"
They don't like the propositionr'
They're the only ones who haven't
accepted Il. They seem To be holding
out under the advice Of this fellow
Cranshaw.. Is III" Warren nodded
I'VE think you can swing them into
line"
Il see" said John thoughtfully. His
brow wrinkled In a troubled fashion as
he gazcd reBectiveiy out at the clerks
sweltering behind the cage. uampden
and Warren waited patiently for his
answer
At last he raised his eyes TO TIamp-
den's I'm sorry. bat ! can't do IT,"
why noty" Iiampden demanded.
This fellow Cranshawe happens to
be o good deal Of q man lie and his
neighbors are clients OF mine In small
way and friends also. ! think. They
do me the honor TO trust me shouldn't
care to advise them In this matter"
why mott" Hampden demanded
again
Let us say" Jchn smiled. that l
am In politics and don't want TO com
plicate my vote getting"
That isn't your reason"
We'll" John said regretfully, III
you will have II. II isn't proposition
that | can conscientiously recommend
"You impcacb my honestyf'
II do not 20 so far. sir Honesty Is a
matter Of intent. think ! understand
your point OF view-that you will con
vert their idle coni. us you say. into an
income property and by starting a new
industry will indirectly benefit the
whole valley, which In probably true.
But the point Is that the coal. the one
Indispensable element In the situation.
IL theirs. and In return for II they
should at least have control"
The coal has always been there
We furnish the initiative and the
bruins and the money TO make It use
full"
II see that. too. But don't you think
initiative OF this sort Ia sometimes-er
-overcapitaliredr r
do you know OF any capital that
will offer better terms than dor
Il do not" John confessed. And II
strikes me-" he added gravely, that
you are taking advantage OF that fact
TO gouge"-the word slipped out; he
corrected himself hastily-"to drive
close bargain with the farmers
Hampden abruptly Strengthened up
10 his chair. You may stick to
'gouge.' Do ! understand that you re.
fuse the jobY'
~ have been trying to explain my
reasons
I'm not deeply concerned with your
reasons" Hampden remarked shortly.
He picked up document and pointed
ly began TO peruse IT, Observing that
John did not at once take the hint. he
looked up. nodding carelessly "Oh!
Good morning.
John rose. flushed under the curt dis
missai and went out Of the bank.
II told you So" Warren said.
Cant you say anything more origi-
nal than thatT" Hampden exclaimed
impa tiently. Warren couldn't so he
held his peace.
what I'd like to know" Hampden