Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1920-05-28
IZz7z7OR OF 'CHRpY RICHcS'e
cOpYRIGHT 81 PETER BKYrE T..

tihberp John Cardigan murmureo
! thoughtfully. "The poor Scotch suck
err
that timber didn't even dent his bani
roll. But he would like to sell hi,
timber, and being Scotch, natural,
he desires to sell II at profit. II
order to create a market for it, how
ever, he has to have an outlet to thai
market. We supply the outlet---witi
his help; and what happens7 Why
timber that cost him fifty and seventy
five cents per thousand feet stumpagt
and the actual timber will overrur
the cruisers estimate every time-wll
be worth two dollars and fifty cents
perhaps more.
"IIe loans us the money to built
our road. We build ton through
our timber and into his. The collat
eral security which we put up will be
twenty-five-year contract to haul
his logs to tidewater 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 Cd.
ton for renewal OF the contract
upon expiration. at the rate of freight
last paid. In addition we sell him, at
n reasonable figure. sufficient land
fronting on tidewnter to enable him
to erect a sawmill, lay out his yards,
and build 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 I'm from the
south. II win connect with the road
which we have built from Sequoia up
into Township nine to the north I;
hence Gregory will also have an out
let to his market by rail. He can
easily get a good manager to run his
lumber business until he finds a Gus
toner for II. and I'm the meantime we
VIII be charging his account with our
freight bills against him and gradual
iy pay or the loan without pincning
ourselves"
John Cardigan's old hand came crop
ingly forth and rested afYectionately
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 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-
qull'ed TO pay In on July first OF each
year as a sinking fund toward the re-
tirement Of our bonds. Bryce, 1t 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 of our wind.
tell you II can't be done"
But Bryce contradicted him earn
estly. ut can be DONE" he said. "If
we can start building our road and
have II half completed before Pen
nington jumps on us. Gregory will
simply have TO come to our aid In self
defense. Once he ties up with us, he's
TO the task of seeing us
through. can do 1t. tell you"
John Cardigan raised his hand.
No" he said firmly. II will not allow
you to do this. That way--that is the
nj TfA o.
son, we pass out like gentlemen, not
We will not take advan.
age of this man Gregory's faith. II
ne Joins forces with us, we lay our
hand on the table and let him look"
Then he'll never join hands with
rs, partner. We're done"
"We're not done, my son. We have
1ne alternative, and I'm going to take
I. I've got to-for your sake More.
over, your mother would have wished
I So"
You don't mean"
"Yes, do, I'm going to sell Pen
lington my Valley of the Giants. II
S my personal property, and II is not
nortgaged. Pennington can never
'oreclose on it-and until he gets It,
hundred acres OF virgin
timber on Squaw creek are valueless--
nay, source OF expense to him,
Bryce he has to have IT. and he'll pay |
he price, when he knows l mean !
business"
With sweeping gesture he waved |
aside the arguments that rose to his |
sons lips II cad me to the telephone" /
ne commanded; and Bryce, recogniz-
ng his sire's unalterable determine
ion, obeyed.
Find Pennlngton's number in the
telephone book" John Cardigan com
handed next.
Bryce found It, and his father pro-
,eeded to get the Colonel on the wire.
Pennington" he said hoarsely, this .
S John Cardigan speaking. I've de-
,ided to sell you that quarter-section
hat blocks your timber on Squaw
,reek."
Indeed" the Colonel purred. 81
had an idea YOU were going to p