Cleveland County herald., 1920-06-17
Tt was a good buy" Cardigan had

Tt was good buy" Cardigan had replied enigmatieally "so I thought I'd better take 1t at the price. l sup pose Bryce will leg it some day"
 '"Then 1 wish Bryce wasn't such boy, John. See here, now, neighbor. I'll 'fess up. 1 took that money Pen nington gave me for my Squaw creek timber and put it back Into redwood 1n Township nine, slam-bang up against your holdings there. John, I'd build Il mill on tidewater If you'd sell me site, and I'd log my timber if"
 "Fll sell you q mill-site Bill, and l won't stab you to the heart, either. Consider that settled"
 That's bully, John; but still, you only dispose of part of my troubles. There's twelve miles of logging-road to build to get my logs to the mill, and 1 haven't enough ready money to make the grade. Better throw in with me, John, and we'll build the road and operate it for our joint interest"
 'Ill not throw in with you, Bill, at my time of life. don't want to have the worry of building, maintaining, ] and operating twelve miles of private railroad. But I'll loan you-the money you need to build and equip the road. In return you are to shoulder all the grief and worry of the road and give me ten-year con- tract at a dollar and half per thous- and. feet, to haul my logs down to tidewater with your own. My mini mum haul will be twenty-five million feet annually, and my maximum fifty million"
 "Sold!" cried Henderson. And 1t was even so.
 Bryce came out of his reverie. And now?" he queried of his father.
 'I mortgaged the San Hedrin tim Der in the south to buy the timber in the north, my son; then after l con- menced logging in my new holdings came several long, lean years of famine. the market dragged in the doldrums, and Bill Henderson died, and his boys got discouraged, and -
 A sudden flash of inspiration illumi- mated Bryce Cardigan's brain. And they sold out to Colonel Pennington" he cried.
 Exactly. The Colonel took over my contract with Hendersons con- pany, along with the other assets, and it was incumbent upon him, as as signee, to fulfill the contract For the past two years the market for redwood has been most gratifying, and if I could only have gotten a maximum supply of logs over Pennington's road, I'd have worked out of the hole, but-''
 "He manages to hold you to q mini mum annual haul of twenty-five million feet, eh?a
 John Cardigan nodded. "He claims he's short of rolling g-stock-that wrecks and fires have embarrassed the road He can always find excuses for failing to spot in logging trucks for Cardigan's logs"
 "What does Colonel Pennington want, pard?"
 "He wants," said John Cardigan slowly, my Valley of the Giants and a right of way through my land from the valley ts log-dump on deep | water"
 And you refused him?' Naturally. You know my ideas on that big timber" His old head sank low on his breast. Folks call them Cardigan's redwoods now" he mur mured. "Cardigan's redWoods-and Pennington would clit them Oh, Bryce, the man hasn't a soul !"
 But 1 fail to see what the loss of l Cardigan's redwoods has to do with the impending ruin of the Cardigan Redwood Lumber company" his son reminded him. I've have all the tim | Der we want"
 My ten-year contract has but ore more year to run, and recently I tried to get Pennington to renew it. He was very nice and s0eiable, but-he named me freight-rate for a renewal of the contract for five years, of three dollars per thousand feet. That rate is prohibitive and puts us out of busi- ness"
 "Then,' said Bryce calmly, "we1l shut the mill down when the log hauling contract expires, hold our tim Der as an investment, and live the simple life until we can. sell It or transcontinental road builds into Hum boldt county and enables us to start up the mill again"