The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1920-06-10
at was a good buy" Cardigan hsI

III was good buy," Cardigan haG
replied enigmatically; $50 thought
I'd better take It at the price. sup
pose Bryce will log 1t some day"
Then | wish Bryce wasn't such a
boy, John. See here, now. neIghbor.
I'll 'fess up. ! took that money Pen
nington gave me for my Squaw creek
timber and put II back into redwood
In Township nine, slam-bang up
against your holdings there. John,
I'd buId mill on tidewater IL you'd
sell me site. and I'd log my timber
f."
TN sell you n mill-slte. Bill, and
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
haven't enough ready money to make
the grade. Better throw In with me,
John, and well build the load and
operate II for our joint interest"
I'll not throw in with YOU BIZ, at
my time of life. | don't want to have
the worry of building, maintaining.
and operating twelve miles of u~iyate
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 n ten-year CON
tract nj dollar and half per thous-
and feet to haul my logs down to
tidewuter with your own. My mini
mum haul will he twenty-five million
feet annually, and my maximum fifty
million"
"Soldl" cried Henderson. And II
was even so.
Bryce came out of his reverle. "And
now?" he quered OF his father.
II mortgagcd the San IIedrin tim.
her In the south TO buy the timber in
the north, my son; then after ! COM
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 fash Of inspiration illumI-
mated Bryce Cariigan's brain. "And
they sold out to Colonel Pennington" !"
he cried
Exactly. The Colonel took over
my contract with Henderson's COM
pany, along with the other assets, and
IL was incumbent upon him, as as
slgnee, TO fulfll the contract. For the
past two years the market Tor redwood
has been most gratifying, and II
could only have gotten maximum
supply of logs over Pennlngton's road.
I'd have worked out OF the hole.
but"
"He manages 10 hold you TO 4 mini.
mum annual haul OF twenty-five million
feet. eh?"
John Cardigan nodded. "He claims
he's short of rolling g-stock-that wrecks
ana 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 wny through my land from
the valley to a 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
Cardigaa's redwoods now" he MUIR
INJURED. "Cardlgans redwoods--and
Pennington would cut theml Oh,
Bryce the man hasn't soul -
But | fail to see what the loss OF
Cardlgan's redwoods has to do with
the impending ruin OF the Cardigan
Redwood Lumber company" his son
reminded him. 1--WE have all the tim
Der we want"
MY ten-year contract has hut one
more year to run. and recently / tried
to get Pennington to renew II. He
was very nice and socIabe. but-he
named me frelght-rate for renewal
of the contract for five years. of three
dollars per thousand feet. That rate
Is prohibltive and puts us out of busi-
ness"
'"Then," said Bryce calmly. "we'll
shut the mill down when the log
hauling contract expires. hold our tim
ber a. an investment and live the
simpts :i!e until we can sell II or
transconti,,sntal road builds into Hum
boldt county gnd enables us to start
up the mill again"
"ln pnnnu hae dnna fhic