The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1920-07-29


timber, and being Scotch, naturally
he desires to sell II at profit. In
order to create q market for IT, how
ever, he has to have an outlet to that
market. We supply the outlet-wlth
his help; and what happens? Why,
timber that cost him fifty and seventy
five cents per thousand feet stumpage
and the actual timber will overrun
the cruisers estimate every time-will
be worth two dollars and fifty cents
perhaps more.
"He loans us the money to build
our timber and into his. The colat-
ernl security which we put up will be
n twenty-flve-year contract to haul
his logs 10 tldewater 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 OPP
tlon for renewal of the contract
upon expiration, at the rate Of freight
last paid. In addition we sell him, Mt
reasonable figure. sufficient land
fronting on tidewater to enable him
to erect snwmill, lay out his yards,
and build a 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
NsfI xptt hn
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 n good manager to run his
lumber business until he finds Gus
toner for II. ami 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 Cardlgan's old hand came CROP
ingly forth and rested affectlonately
upon his boys. "You forget. my son.
that we cannot last i'm business long
enough to get that road built, even
though Gregory should agree to
finance the building of II. 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-
quired to pay In on July first of each
year rs Striking fund toward the re-
tirement of our bonds. Bryce, IL 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-
leling his line, he'd choke off our wind.
/ tell You II can't he done"
But Bryce contradicted him earn
estly. 1T can be DONE" he said. IF
we can start building our road and
have 1t half completed before Pen
nington jumps on us, Gregory viii
simply have to come to our aid I'm self
defense. Once he ties up with us, he's
committed 10 the task of seeing us
through. l can do 1t, l tell you"
John Cardigan raised his hand.
"No," he said firmly. 81 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. II
he Joins forces with us, we lay our
hand on the table and let him look"
"'Then heir never Join hands with
us. partner. Were done"
"We're not done, my son. We have
one alternative. and I'm going TO take
II. I've got to-for your sake. More
over, your mother would have wished
It So"
you don't mean"
''Yes, | do. I'm going to sell Pen
'nington my Valley Of the Giants. II
is my personal property, and 1t Ia not
Wortgaged.. Pennington can never
foreclose on it-and until he gets It,
twenty-five hundred .ncres Of virgin
timber on Squaw creek are yalueless-
nay, source of expense to him,
Bryce. he has 10 have IL; and he'll pay
the price, when he knows mean
business"
With.a sweeping gesture he waved
aside the argiiinehts' that rose to his
SONS lips, 'I.ead'me TO the telephone"
he commanded; and Bryce, recogniz-
lrg his sire's unalterable determina-
etlon, oheyeds 'i'
Find Peunirrton's number In the
telephone book,.' JOHN Cardigan com
manded next.
Bryce found 1t Ind his father pro-
ceeded to get the Colonel on the WIRE
bennington" he said hoarsely, "tbis
Is John Cardigan speaking. I've de-
cided 10 sell you that quarter-section
that blocks your timber on Sqpaw
creek"
'.Iadeed", the Colonel purred. 81
had an idea you were going to Sre-
sent It TO the city for a natural pax"
"Tve changed my mind. I've dec d.
al IN soil nj vour last nffar"