The Dickson County herald. (Dickson, Tenn.) 1907-1979, 1917-07-20

PIaihcu, IN ihHlcfn business II Is the
! process Of extlngulshing corpora
ton: closing II up and burying IL In
another and bigger one. usually. That
Is what we must do with Timanyoni
Ditch"
I'm getting you, little nj n time"
said the colonel, taking his first lAsson
IN high ffnance as u duck takes to fh.
water. Then he added at won't take
much of Hex to XIII off the old com
pany. In the shape It's got into now
How VIII you work II?
Smith had the plan at his fingers
ends. With the daring or all the perIIs
had come II fresh access Of fighting
fitness that made him feel as II he
could cope with anything.
we must close up the company's
! AFFAIRS and then reorganIze promptly
and, with Just as little noise AZ may
be, form another corupany--which We
viii call Timanyoni High Llne--and
let 1t take over the old outfit stock,
(
| your present capital stock liz one hun
| dred thousand dollars. This new com.
pany that am speaking of viii be-
capitalized at. say. an even half mil
lion To the present holders If Ttmnn-
| yoni Ditch Wen give the new stock
/ for the old. share for share with n
| bonus Ut twenty-five shares OF the new
stock for every twenty-five shares OF
the old surrendered and exchanged.
! This will be practically giving the pres
cnt shareholders two for one VIII
that satisfy them7"
This time Colonel Dexter BaldwIn's
smile was grim.
You're just juggling now. John,
and you know IT, Out hgre on the
woody edge Of things dollar Il just
A plain iron dollar, and you can't make
II two merely by calling II So"
"Never you mind about that" cut In
the new tinancler. AT two to one for
the amortization Of the old company
we shall still have something like
three hundred thousand dollars treas
ury stock upon which To realize for the
new capital needed. and that will be
| amply sufficient 10 complete the dam
and the bitches and to provide fight
Ing fund. Now then. tell me this: how
near can we come to placing that
treasury stock right here In Timnn-'
yoni Park2 It's up to US to keep this
thing In the family. So to speak. and
the moment We go into other markets
we are getting over into the enemy's
country. I'm not saying that the
money couldn't be raised In New
York; but II we should 60 tt~rc, the
trust would have an undcrheld on US,
right from the start"
Il see" said the colonel, who was
indeed seeing many things that his
simple hearted philosophy had never
dreamed OF: and then he answered the
direct question. There Is plenty Of
money right here Ia the Timauyonis,"
Smith nodded. He was getting his
second wind now. and the race prom.
ised TO be a keen JOY.
"T,ui they would have to be shown
ycu thinky" he suggested "All right
wei, proceed TO show them. Now we
can come down to present necessities.
We've got ~ Keep the work going
mud speed Il up to the limit: we ought !
TO double Williams force at onceA--put |
On night shift to work By electric !
light"
The colonel hiinked twice and swal- |
law,d hard
SAY, John" be said, leaning ACROSS |
the tabls-dssk; you've sure got your
nerve with you. DO you knew our
present henk balance IL under Ave |
thousand dollars, aud n good part OF |
that Is ewing IA the cement people !"
Never mind: don't get nervous"
was the measuring re5cinder. 1--WE AFRO
roing TO make 1t bigger in few min
utes. hope. Who is your banker
herer
Pave kinEie Of the Brewster City /
'Te,l me little something about
Nr. KinEie before We 80 down 10 see
him; Jus, brief him for rne as q rasn,
| mean"
The colonel was shaking his head
slowly.
He's what you might call twenty
ton optimist. Dave is: solid. little
slow and sure, but the biggest boomer
In the West, If yoa can sci. him start ]