Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1920-08-13

at was good buy" Cardigan mao
replied systematically $50 1 thought
I'd better take it at the price l sup
pose Bryce will log it some day"
Then [ wish Bryce wasn't such
boy, John See here, now. neighbor
| I'll 'feSs up. took that money Pen
nington gave me for my Squaw creek
timber and put it 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
/ f."
''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 wen build the road and
operate it for our joint interest"
I'm 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 ali the grief aud worry OF
the road and give me a ten-year con-
tract at a dollar and a half per thous-
and feet, to haul my logs down 10
tidewater with your own. My mini
mum haul win be twenty-five million
feet annually, and my maximum fifty
million"
"S'old!" cried Henderson. And IT
was even So
Bryce came out of his reverie. "And
nowT he queried of his father.
Il mortgaged the San lIedrin 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
A sudden fash of inspiration illumi-
mated Bryce Cardigan's brain. "And
they sold out to Colonel Pennington, Z"
| 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 fulfill the contract. For the
| past two years the market for redwood
has been most gratifying. and II
| could only have gotten maximum
supply of logs over Pennington's road
I'd have worked out OF the hole.
| but"
'He manages 70 hold you to a mini.
mum annual haul OF twenty-five million
| feet, chr"
John Cardigan nodded. "He claims
/ he's short of rolllng-stock-that wrecks
and fires have embarrassed the road.
He can always find excuses for falling
to spot in logging trucks for Cardlgan's
logs" ~.
"SVhat does Colonel Pennington
want, pard?'
"He wants" said John Cardigan
slowly. my Valley Of the Giants and
a right of way through my land from
the valley to log-dump on deep
water"
"And you refused hIm?"
Naturally YoG know my ideas on
| that big timber" His old head sank
low on his breast Folks call them
Cardigan's redwoods now" he muir.
INJURED. "Cardlgan's redwoods-and
| Pennington would cut them oh,
Bryce, the man hasn't 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 I tried
to get Pennington to renew it. He
was very nice and sociable, but--he
named me rrelght-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 bust
ness"
Then" said Bryce calmly, "we'H
shut the mill down when the log
hauling contract expires, hold our tim
Der as an investment, and live the
simple life until we can sell It or a
transcontinental road builds into Hum
boldt county and enables us to start
up the mill again"