The Lehi sun. [volume] (Lehi, Utah) 1913-1949, 1920-08-12

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lie isn't poor The purchase o
that timber didn't even dent his banl
roll. But he would like TO sell hi
timber. and being Scotch. natural,
he desires to sell II at n profit II
order to create market for Il, how
ever, he has to have an outlet to that
market. We supply the outlet--wltl
his help; and what happensp Why
timber that cost him tifty and seventy.
five cents per thousand feet stumpage
and the actual timber will overrun
the cruisers estimate every time--wlll
be worth two dollars and fifty cents
perhaps more.
"He loans us the money To build
our road We build it--on through
our timber and into his. The collat.
eral security which we put up will be
a twenty-hve-year contract to haul
his logs 10 tldewater on Humboldt
hay. at n base freight rate of one dol
lar and fifty cents, with nm increase
Of twenty-five cents per thousand
every five years thereafter. and an op-
tlon for renewal OF the contract
upon expiration. az the rate OF freight
last paid. In addition we sell him. mt
reasonable figure. sufficient land
fronting on tidewater to enable him
TO erect n sawmill, lay out his Yards.
and build n dock out into the deep
water.
Thus Gregory will have that which
he hasn't cot nOw--an outlet TO his
market by water; and when the raIl.
road 10 SeGuola builds In from the
south. Il will connect with the road
which we have built from Sequola up
into Township nine to the north
hence Gregory will also have an out.
let TO his market by rail. He can
easily get n good manager 10 run his
lumber business until he finds a Gus
toner for IL. and In the meantime we
will be charging his account with our
freight bills against him and gradual
~ pay or the loan without pInching
ourselves"
John Cardlgan's old hand came CROP
ingly forth and rested nffectIonately
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"
ave can meet II. sir"
"Aye, hut we can't meet the fifty
thousand dollars which, under the
terms OF our deed Of trust. we are re-
quired TO pay In on July first OF each
year ns striking fund toward the re-
tlrement Of our bonds. Bryce, II Just
can't be done. We'd have our road
about half completed when we'd bust
up In business; indeed. the minute
Pennington suspected we were paral-
telling his line, he'd choke on our wind.
! tell you Il can't be- done"
But Bryce contradlcted him enrn.
estly. 1T cnn be done" he said. IF
we can start building our road and
have Il half completed before PEN
nington jumps ON rs. Gregory viii
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 II, tell YOU"
John Cardigan raised his hand.
"No," he said firmly, II will not allow
you TO do this. That way-that is the
Pennington method. II we fall. my
son, We pass out like gentlemen, not
blackguards. We win not take adynn.
tage OF this man Gregory's faith. II
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"
Were not done, my son. We hive
one alternative, aud Tn going 10 take
II. I've got to--for your sake. More.
over, your mother would have wished
IL So"
"lOu don't mean"
Eyes | do. I'm going 10 sell Pen.
nlngton my Valley Of the Giants. II
Is my personal property, and II is not
mortgaged. Pennington can never
forecloSe on it-and until he gets Il.
twenty-five hundred acres of virgin
timber on Squnw creek are valueless-
nay source Of expense 10 him.
Bryce. he has 90 have Il; and hen nay
the price, when Ne knows mean
business"
With a sweeping gesture he waved
aside the arguments that rose to his
sons lips ~ cad me To the telephone"
he commanded; and Bryce. recognize
Ing his sire's unalterable determine.
ton. oheyed
Find Penningtons number In the
telephone book" John Cardigan con-
mnnded next.
Bryce FOUND n 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 were going to pre-
sent Il 70 the city for a natural park"
"rye changed my mind. I've decld.
al 20. all NJ -