The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1917-09-06

planned. 'In modern business 1t is the
process of extlnguishng n corpora
ton: closing It up and buryIng It in
another and bigger one. usually. That
Is what we Inust do with Timanyoni
Ditch"
I'm getting you, little Mt time"
| said the colonel, taking his first lesson
In high finance ns duck takes to the
water. Then he added: at won't take
much of lick to XII. OF the old com
pany, In the shape It's got into now.
How will you work it2"
Smith had the plan at his fingers
ends. With the daring OF all the perlls
had come n fresh access of fighting
fitness that made him feel as IL he
could cope with anything.
"We must close up the company's
affairs and thea reorganize promptly
and. with just ns little noise as may
be. form another company---whIch we
will call Timanyoni High Line-and
let II take over the old outfit. stock,
liabilities and assets entire. You say
your present capital stock is one hun
dred thousand dollars. This new com
pany that I am speaking of will he
capitalized Mt, say, an even half mil
lion. To the present holders OF Timan-
yoni Ditch We'll give the new stock
for the old. share for share. with n
bonus of 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
ent shareholders two for one. VIII
That satisfy them?"
This time Colonel Dexter Baldwln's
smile was grim.
you're just juggling now, John,
and you know It. Out here on the
woolly edge of things n dollar is just
n plain iron dollar, and you can't make
1t two merely by calling It so."
"Never you mind about that" cut In
the new anancler. 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 to complete the dam
and the bitches and to provide n fight
ing fund. Now then, tell me this: how
near can we come to placing that
treasury stock right here In Timan.
yoni Park? 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 IL we should go there, the
trust would have an underhold on us
right from the start"
81 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. "rhere Is plenty OF
money right here In the Tlmanyonis.'
Smith nodded. He was getting his
second wind now, and the race prom
ised TO be n keen Joy.
''But they would have to be shown,
you thinkT' he suggested. "All right
Wen proceed TO show them. Now W,
Cun COlle uoNn 10 ITcScnl HeCcSStuSs
We've got TO keep the work going
and speed.it up TO the limit: we ough
to double Williams force at oncc--pu
on night shift to work by electric
light"
The colonel bllnked twice and swal
lowed hard.
"Say, John" he said, leaning acros
the table-desk; 'you'ye sure got you
nerve with you. Do you know ou
. present bank balance is under fiv,
thousand dollars, and n good part o
that is owing TO the cement people !
"Nevcr mind; don't get nervous,
was the reassuring reJolnder. 1--WE ar,
= going TO make It bigger in few min
T utes, hope. Who is your banke
!. here?'
0 "Dave Kinzie OF the Brewster Cit.
T National"
"rell me little something nS1d
: Mr.. KinZle before we 80 down TO se
him; just brief him for me as man
v 1 mean."
{ The colonel was shaking his hca,
c slowly.
Hes what you might call twenty
I ton optlmist, Dave is; solid. littl
o slow and sure, but the biggest boone
+ In the West, II you can get him Stari