The Jones County news., 1920-09-09

! ffiNN ilfHHF NlHU even leNN IllH lNNf
roll. BUT he would like to sell his
timber. and being Scotch. naturalls
De desires 10 sell It at a profit. IN
order 70 create q market for It, how
ever. he has to have an outlet to that
market We supply the outlet-wtf
his help; and what happens? Why
I timber that cost him fifty and seventy
five cents per thousand feet stumpagf
and the actual timber will overrun
the cruisers estimate every time-will
be worth two dollars and fifty cents
perhaps more.
'Ile loans us the money to build
our road We bufld it--on through
our timber and into his. The cofIat-
eral security which we put up viii be
a twenty-nye-year contract to haul
his logs TO tidewater on Humboldt
hay, ait 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 op-
tion for renewal Of the contract
upon expiration, NJ the rate Of freight
last paid IN addition we sell him, nj
reasonable figure, sufficient land
fronting on tidewafer TO enable him
10 erect sawmll, lay out his yards.
and build dock out into the deep
water
"rhus Gregory win 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
south. II viii connect with the road
which we have built from Sequoia up
into Township nine to the north
hence Gregory viii 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 IT. and IN the meantime we
win be charging his account with our
freight bills against him and gradual
~ pay off the loan without pinching
ourselves"
John Cardlgans old hand came crop
ingly forth and rested offectlonately
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
1--WE can meet IT, 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 as a siplllng fund toward the re-
tirement of our bonds. Bryce, it 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 We're paral-
leling his line. he'd choke off our wind.
l tell you it can't be done"
But Bryce contradicted him earn
estly. 1T can be done" he said. IF
we can start building our road and
have it 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
committed to the task Of seeing us
through. can do it, tell you"
John Cardigan raised his hand.
mo" he said firmly, II 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
hlackguards We win not take advan-
tage Of this man Gregory's faith. If
he joins forces with us, we lay our
hand on the table and let him look"
"Then hen never join hands with
us partner. We're done"
"We're not done, my son. We have
one alternative, and I'm going to take
It. I've got to--for your sake. More.
over. your mother would have wished
1t So"
You don't mean"
"Yes. do. I'm going to sell Pen
nington my Valley Of the Giants. 1t
is my personal property and it is not
mortgaged. Pennington can never
foreclose on it-and until he gets It,
twenty-five hundred acres of virgin
timber on Sguaw creek are valueless-
nay. source ef expense to him.
Bryce, he has to have it. and he'll pay
the price, when he knows | mean
business"
With a sweeping gesture he waved
aside the arguments that rose TO his
sons lips. Lead me to the telephone
he commanded; and Bryce, recogniz-
ing his sires unaterable determina-
ton. oheyed
Find Peunington's number In the
telephone hook" John Cardigan com
mnnded next.
Bryce found it, ana his father pro-
ceeded to get the Colonel on the wire.
bennington" he said hoarsely. "this
is John Cardigan speaking. I've de-
cided TO sell you thar quarter-section
that blocks your timber on SQuaw
creek"
Indeed" the Colonel purred. Il
had an ldea you were going TO pre-.
sent it TO the city for a natural park"
"Tve changed my mind I've decid-
ed 20 sell AT your last offer"
''Tve changed my mind. too. I've
decided not to huy--at my last offer
Goodnight"
Slowly John Cardigan hung the re