Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1920-09-24

uiat uHDeF didn't even dent his bank
roll. But he would like to sell his
timber. and being Scotch, naturally
ne desires to sell II at a profit In
order to create a market for it. how
ever, he has to have an outlet to that
market. We supply the outlet-with
his help; and what happensl Why,
timber that cost him fifty and seventy
I'VE cents per thousand feet stumpage
and the actual timber win overrun
the cruisers estimate every time-wiil
be worth two dollars and City cents
perhaps more
he loans US the money to huiid
our road. We build ton thrangh
our timber and into his. The collaf-
eral security which we put up win be
a twenty-tive-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 OPP
ton for renewal of the contract
upon expiration, at the rate of freight
last paid. In addition we sell him. at
a reasonable figure sufficient land
fronting on tidewater to enable him
TO erect sawmill, lay out his yards
and build dock out into the deep
water
"Thus Gregory viii have that which
he hasn't got now-an outlet to his
market by water: and when the rail.
road to SeCuoia builds in from the
south. it will connect with the road
which we have built from Sequoia up
into Township nine to the north:
hence Gregory will also have an our
let to his market by rail. He can
easily get good manager to run his
lumber business until he finds GUS
toner for it. and in the meantime we
will be charging his account with our
freight bills against him and gradual
~ pay off the loan without pinching
ourselves.
John Cardlgan's old hand came crop
ingly forth and rested affectionately
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"
ave can meet 1t, 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 striking fund toward TIC -
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 were paral-
Icing his line, he'd choke off our wind.
/ tell you it can't be DONE"
But Bryce contradieted him earn
estly ut can be DONE" he said IF
we can start building our road and
have it half completed before Pen
nington jumps on us, Gregory win
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.
"No," he said firmly, 81 will not allow
you to do this. That way--that is the
PenningtonA method If we fall, my
son, we pass out like gentlemen, not
blackguards. We win not take adyan-
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 he'll never join hands with
us, partner We're done"
Were not done, my son. We have
one alternative and I'm going to tal,-
it. I've got to-for your sake. Mpre-
over, your mother would have wi!h
It So
You don't mean"
Eyes, do I'm going TO sell Pen
nfngton my Valley OF the Giants. II
is my personal property, ard 1t 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 valueiess-
nay. a source of expense to him
Bryce. he has to have IL; and hen pay
the price. when he knows | mean
business"
with a sweeping gesture he waved
aside the arguments that rose to his
sous lips y cad me to the telephone"
he commanded; and Bryce, recogniz-
ing ris sire's unalterable determine
tior. obeyed.
'Find Pennlngton's number In the
telephone book" John Cardigan com
manded He--..
Bryce found Il. and his father pro
eeeded to get the Colonel on the wire.
"Pennington." he said hoarsely, "ths |
is John Cardigan speaking. I'VE de-
cided to sell You THIS quarter-sectos
that blocks your timber on Squaw |
creek"
Indeed" the Colonel purred. 81
sad an idea you were going to pre-
sent It to the city for natural park
1--WE changed my mind. I'VE decd
ed 10 sell OF your last offer"