Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1921-01-21

a roll. But he would like to sell hi
'r timber, and being Scotch, natural
o he desires to sell 1t at a profit. Il
order to create a market for 1t, how
n ever, he has to have an outlet to tina
r market We supply the outlet-witl
j his help; and what happens? Why
D 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 ton through
our timber and into his. The collat-
eral security which we put up will be
a twenty-fve-year contract to haul
his logs to tidewnter 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 a 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 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 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 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
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 grop-
ingly forth and rested affectionately
upon his boys. you forget, nv 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"
I'VE can meet 1t, sir" .
AYE but we can't meet the fifty
dollars which, under the :
erms OF our deed of trust, we are re- :
luired to pay in on July first of each
'ear as sinking fund toward the re- >,
irement Of our bonds. Bryce, it lust :.
ant be done. We'd have our road
bout half completed when we'd bust =
Up In business; indeed the minute y
bennington suspected we were paral- -
cling his line, he'd choke off our wind
tell you it can't be DONE" =.
But Bryce contradicted him earn Fl
stly. 1T can be DONE" he said. 'If
We can start building our road and
ave it half completed before Pen II
lngton jumps on us, Gregory will
imply have to come to our aid in self n
efense. Once he ties up with us. he's v
oinmitted TO the task of seeing us
through. l can do 1t, I tell you" :
John Cardigan raised his hand
NO. he said firmly, 81 will not allow
on to do this. That way-that Is tha
ennington method. II we fall INV
on, we pass out like gentlemen NOT
lackguards. We will not take advan-
ige OF this man Gregory's faith. IF
e Joins forces with us, we lay orr
and on the table and let him look"
Then he'll never join hands with
$. partner. We're done"
We're not done, my son. We have 1,
he alternative, and I'm going to take IN
I've got to-for your sake. More. lII
yer, your mother would have wished IlV
so.' III
You don't mean" llH
Yes | do. I'm going to sell Pen Ial
ngton my Valley of the Giants. II +
my personal property, and it is not Fl
Pennington can never
reclose on it-and until he gets il 81
'ehty-hve hundred acres of virgin TS
nDer on Squaw creek are valueless- hf
" a source of expense to him. LII
wee, he has to have it; and he'll nav IIi
price, when he knows 1 mean Hi
siness.' vi
win sweeping gesture he waved
de the arguments that rose to his ]
rs lips. lead me to the telephone
commanded; and Bryce, recogniz-
his sire's unalterable determine
n, obeyed. "Tl
FIND Pennington's number in the
ephone book" John Cardigan COM -,
nded next. uir
5ryce found It. and his father pro- 'iii'
ded to get the Colonel on the wire ane
he said hoarsely. .tbIs Hs'
John Cardigan speaking. I've de- u
ed to sell you that quarter-section you
blocks your timber on Squaw ~
Elk" VIII
Indeed" the Colonel purred. 81 ia
an idea you were going to pre- s'
1t to the city for a natural park -
I've changed my mind. I've decid- 20 90
70 sell at your last Offer"
We claupod mr., ,,ofns - pm