The vidette. (Iuka, Tishomingo County, Miss.) 1912-1967, 1920-05-27

replied enigmaticallys $50 thought
I'd better take 1t at the price. sup
pose Bryce win log it some day."
Then l wish Bryce wasn't such n
boy, John. See here, now, neighbor.
I'll Tess up. took that money Pen
nington gave me for Ay Squaw creek
timber and put 1t back into redwood
in Township nine, slam-bang up
against your holdings there. John,
I'd build mill on tidewater If you'd
sell me site, and I'd log my timber
il"
''I'll sell you a mill-site, 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 road and
operate it for our joint interest"
sIil 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 a ten-year con-
tract at dollar and half per thous-
and feet, to haul my logs down to
tidewater with your own. Ny mini
mum haul will be twenty-five million
feet annually, and my maximum fifty
million"
"Soldl" cried Henderson. And II
was even so.
Bryce came out Of his reveTie. "And
nowT he queried Of his father.
Il mortgaged the San Hedrin tim
Der in the south to Guy the timber in
the north, my son then after ] CON-
mehced logging in MY new holdings,
came several long, lean years OF famine,
the market dragged in tie dolG-ums.
and Bill Henderson died. and his boys
got discouraged, and -"
A sudden flash of inspiration illumi-
mated Bryce Cafdigan'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
it was incumbent upon him, as as
signee, to fulfilfthe contract For the
past two years the market for redwood
has been most gratifying, aid If
could only have gotten maximum
supply of logs over Pennington's road
I'd have worked out of the hale,
but"
.He manages to hold you to a mini
mum annual haul of twenty-five million
feet. eh?'
John Cardigan nos. led. "He Claims
he's short of rolling stsck--that wrecks
and fires have embarrassed the road.
He can always find exs,lses for failing
to spot in logging trucks for Cardigsn's
logs"
"What does Colonel Penning ton
want, pard?"
"He waIIts," said John Cardigan
slowly. my Valley of the Giants and
a right of way through my land from
the valley to log-dcmp 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 muir.
N n uat. tc, 10.
Pennington would cut themi Oh,
Bryce, the man hasn't a soul -
But / fail to see what the loss OF
Cardigan's redwoods has to do with
the impending ruin of the Cardigan
Redwood Lumber company" his son
reminded him. "We have all the tim
Der we want"
MY ten-year contract has but one
more year to run, and recently tried
to get Pennington TO renew it. He
was very nice and sociable. 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 buai.
ness"
Then" said Bryce caImlyS well
shut the mill down when the log.
hauling contract expires, hold our tira.
Der as an investment, and live the
sisnple life until we can sell 1t or
transcontinental road builds into Huuu.
boldt county and enables us to start
up the mill again"