White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-10-10

otA6
tam elorying so much in his penetra-
ton that be almost seemed glad OF the
price. II knew that there was
switchback clause In II somewhere.
Yesterday morning that property could
ave been bought for $4,000 or &c.,
COO"
"ouite So" agreed Wallingford. Il
Maid s57.50o for 1t myself. but last
night l made a bona d sale OF It 20
the Neptune Sun Bath company at
100000
"In stock of the company" guessed
MI. Hittam. whose WI stock was
now soaring.
.In stock OF the company" repeated
walIingford. 1.-The appreciation In
value is only normal and reasonable.
In view OF the immediate use to which
the property is to be turned
whats the capitalization OF your
company" inquired Mr.. Hittam. hold
ing I'D a cross examining forefnger.
1.-THE same as yours" returned wal
Iingford Half a million-oniy oo per
cent paid In. however.
FIFTY per cent" figured Hittam.
.and 100000 OF your $250.OOO Is rep
resented BY the property. hi leaves
you only $4,000 cash."
ITS In the treasury Wallingford
informed him with a smile. while
the Neptune Sun Bath company Is stu
waiting for its charter from the state.
II Is nevertheless fully organized and
ready for business"
Hittam turned to his fellow commit
teemen. "a hundred and forty o
sand water In a two hundred and dirty
thousand paid In valuation
by no means" protested Walltng-
ford. II won't stand for that The
hundred and forty thousand which
Won call water is an actual and normal
Increase in property worth"
Mr.. Hittam arose. Its a marvellous
piece of work" be complimented Wal
lingford. From the way you men
ton the various articles Of this pro
posed agreement I take II that we ave
received an ultimatum.'
practically" Wallingford smilingiy
assured him. III I form the hotel
company myself I shall impose exactly
those terms. They are not at all I'M
reasonable. II you study them over.
The appreciation In property vaIne is
real and would occur under your man.
agement as well as mine. The hum
dred thousand ] require you to place
In a trust fund Is only a proper pre-
caution that delay or failure on your
part does not hinder our operations.
and II may be used In making the fnal
payments on the building. The ex.
change of stock will be. I think. Of
vast benefit to both companies. In
forming a community OF interests."
The chairman Of the committee
smoothed his snow white hair and re
sumed his post Of honor. I'VE shall
take up this entire matter In q meet
ing Of the proposed stockholders Of the
hotel company. and hold q further con-
ference with you" he promised
Long nosed Mr.. Poynter paused for
q word with Wallingford alone. "lf
only had 2 son like you'll" he observed
with twinkling eyes.
I'm meet you In the bar by and BY"
-chuckled Wallingford
Blackie and Paul came out Of their
trance ~ the COMMITTEES left the room.
~ couldn't keep track OF that with
. score board. JIM" confessed Blackie.
while Paul chewed slowly and painful
y on q cylinder Of sassafras favored
tAny; but ! gather this much, and IL
pains me. You're preparing to engage
n an actual construction denl"
"We've no dime to monkey" return
"a Wallingford, looking at bis watch
I'VE have 70 get busy with an archi-
tsct"
Energetic lawyers slammed through
incorporation papers for the Neptune
Sun Bath company and the Neptune
Hotel company. The completely or
ganized companies held their joint
meeting and signed their mutual lease
and formed the trust fund n ex.
changed specimens OF their capital
stock
Then the blow fell. Next mornings
papers contained more interesting
reading than any which Paul Pollet
had previously provided. This time he
turned his attention to the social fea-
lures OF the proposed new bath estab-
lishment The baths, primarily. were
to be for the relief OF the nerve rack
ed and the tagged and the jaded- n
quiet. soothing treatment Of the blue
light rays was to restore tone and
health to those who had lived over
well, and the treatment was to consist
In absolute freedom. All day long the
patients were to spend their time In
the ex hila rating artificial ozone Of the
underwater palace, were to bask In
the Uttered sunlight were to b IN
hampered OF limb and furnished With
light smusements. such ~ eating and
drinking and music and dancing. and
Il was limited that, In place of being .