The Republican journal. [volume] (Belfast, Me.) 1829-current, 1920-05-06
SYNOPSIS,


office, makes Shirley's acquaintance and
the two become friends. Needing money
badly, John Cardigan offers to sell PEN
nington the Valley of the Giants, but the
Colonel, confident the property must soon
be his through the bankruptcy of his
enemies, contemptuously refuses. IN
known MnnS to her uncle. Shirley buys the
lease of business life. They interest CAPT
tai and decide on a scheme to parallel
Pennington's logging railroad.
He loans us the money to build
our road. We build ton through
our timber and into his. The collat-
eral security which we put up will be
twenty-fve-year contract to haul
his logs to tidewater on Humboldt
bay, at base freight rate of one dol
lar and fifty cents with an increase
of twenty-five cents per thousand
every five years thereafter, and an op-
ton for renewal of the contract
upon expiration, at the rate of freight
last paid. Iii addition we sell him, at
reasonable figure. sufficient land
fronting on tidewater to enable him
to erect a sawmll, lay out his yards,
and build dock out into the deep
water
"Thus Gregory will have that which
he hasn't got now-an outlet to his
market by water; and when the rail
road to SeGuoia builds in from the
south, it will connect with the road
which we have built from Sequoia up
into Township nine to the north
hence Gregory will also have an out
let to his market by rail. He can
easily get a good manager to run his
lumber business until he finds GUS
toner for it. and in the meantime we
will be charging his account with our
freight bills against him and gradual
ly pay off the loan without pinching
ourselves"
John Cardigan's old hand came crop
ingly forth and rested affectiunatcly
upon his boys. you forget, my son,
that we cannot last in business long
enough to get that road built even
though Gregory should agree to
finance the building Of it, The inter
est on our bonded Indebtedness is
payable on the first"
1--WE can meet ii, sir"
AYE, but we can't meet the fifty
thousand dollars which. under the
terms of our deed of trust, we are re-
quircd to pay in on July first of each
year as Il sinking 'uud toward the re-
tircuent Of our bonds, Bryce, il just
can't be done. We'd have our road
al, hole l,,,+
up in business; indeed, the minute
Pennington suspected We were paral-
Icing his line, he'd choke off our wind.
I tell you it cant be done"
But Bryce contradicted him earn
estly. 1T can be DONE" he said. "If
we can start building our road and
have it half completed before Pen
nington jumps on US, Gregory will
simply have to come to our aid in self
defense. Once he ties up with US, he's
committed to the task of seeing US
through. | can do it, I tell you"
John Cardigan raised his hand.
"No," he said firmly, Il will not allow
you to do this. That way-that is the
Pennington method. If we fall, my
son, we pass out like gentlemen, not
blackguards. We will not take advan-
tage of this man Gregory's faith. If
he joins forces with us, we lay our
hand on the table and let him look"
"Then he'll never join hands with
us, partner. We're done"
We're not done, my son. We have
one alternative, and I'm going to take
it. I've got to-for your sake More
over, your mother would have wished
it 500
You don't mean"
"Yes, I do. Tn going to sell Pen
nington my Valley of the Giants 1t
Is my personal property, and it is not
r mortgaged Pennington can never
foreclose CD it-and until he gets it,
twenty-five hundred acres of virgin
timber on SGuaw creek are valueless-
nay, source of expense to him.
Bryce he has to have it; and he'll pay
the price, when he knows l mean
business"
With sweeping gesture he waved
uSlue TIE arguments llldI rose 10 his
sons lips. 81 cad me to the telephone"
he commanded; and Bryce, recogniz-
! ing his sire's unalterable determine
! ton, obeyed
! "Find Pennington's number in the
| telephone book" John Cardigan com
! manded next.
! Bryce found it, and his father pro-
] ceeded to get the Colonel on the wire.
Pennington" he said hoarsely, this
{ is John Cardigan speaking. I've de-
| cided to sell you that quarter-section
that blocks your timber on Squaw
( creek"
! Indeed" the Colonel purred. 81
had an idea you We're going to pre-
sent it to the city for natural park"
: "Tve changed my mind. I've decid-
ed to sell at your last Offer
give changed my mind, too. I've
decided not to buy-at my last offer.
Goodnight"
Slowly John Cardigan hung the re-
ceiver on the hook, turned and CROPPED
for his son. When he found him, the
old man held him for a moment in his
arms. Lead me upstairs, son." he
murmured presently. I'm tired. I'm
going to bed"
When Colonel Seth Pennington
turned from the telephone and faced