The Dolores star., 1921-01-21

"And there he is with his useless
timber!" John Cardigan murmured
thoughtfully. THE poor Scotch suck.
er!"
He isn't poor. The purchase of
that timber didn't even dent his bank
roll. But he would like to sell his
timber, and being Scotch, naturally
he desires TO sell It at profit. In
order to create a market for II. how
ever, he has to have an outlet to that
market. We supply the outlet-with
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 road. We build it-on through
our timber and into his. The collat-
eral security which we put up will be
a twenty-five-year contract to haul
his logs to tidewater on Humboldt
bay. at base freight rate Of one dol
NShto, "iih uh ihNiSnSS
OF twenty-five cents per thousand
every five years thereafter. and an op-
ton for renewal Of the contract
upon expiration, at the rate Of freight
Inst paid In addition we sell him, at
a reasonable figure. sufficient land
fronting on tidewnter to enable him
TO erect 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 SeGuola builds In from the
south. 1t will connect with the road
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 good manager to run his
lumber business until he finds a Gus
toner for II. and 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 CardIgan'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 1t. The Inter
est on our bonded Indebtedness is
payable on the first"
ave 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 sinking fund toward the re-
tirement Of our bonds. Bryce, 1t just
cant 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-
lel!ng his line, he'd choke OF our wind.
l tell you 1t can't be DONE"
But Bryce contradlcted him earn
estly. at cnn 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
committed 10 the task of seeing us
through. / can do 1t, 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. II 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 he'll 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
It 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 1t is not
mortgaged. Pennington can never
foreclose on it-and until he gets 1t,
twenty-five hundred acres of virgin
timber on Squaw creek are valueless-
nay, source OF expense to hims
Bryce, he has to have 1t; and he'll pay
the price, when he knows I mean
business
With 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 sire's unalterable determine
ton. obeyed.
Find Pennington's number In the
telephone book" John Cardigan COM
manded next.
Bryce found 1t, and his father pro-
ceeded to get the Colonel on the wire.
"Pennington." he said hoarsely, this
is John Cardigan speaking. I've de-
cided to sell you that Quarter-section
that blocks your timber on SQuaw