Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1924-07-19
ZEN Of the Y. D.

with YD., and then the two sat on
the veranda and smoked and dis
cussed business. Transley found Y.D.
more liberal in the ADJUST tent than
he had expected. He had not vet
realized to what an extent he had won
The old rancher's confidence, and
Y.D was a man who, when his conf
dence had been won, never haggled
over details. He was willing to com
promise the loss on the operations on
the South Y.D. on a scale that was
not merely just. but generous.
This settled, Transley proceeded TO
interest Y.D. in the work In which he
was now engaged. He drew picture
Of activities in the little metropolis
such as stirred the rancher's ina
credullty.
We'll, WELL" Y.D. would say.
"Transley. I've known that little hole
for about thirty years, an never seen
II was any good excep to get drunk
in. I've seen more things there
than Is down in the books"
You wouldn't know the change that
has come about in a few months" said
Transley, with enthusiasm. Double
shifts working by electric light, Y.D.
What do you think of thatl Men with
rolls of money that would choke a COW
sleeping out In tents because they
can't get a roof over them. Why, man,
didn't have to hunt a Job there the
gah
had a dozen Jobs at my own
price II could have handled
them. It's just as II prosperity was
river which had been trickling
through that town for thirty years,
and all Of sudden the dam up in the
foothills gives away and down she
comes with a rush. Lots which sold
a year ago for q hundred dollars are
selling now foN five hundred-some-
times more. Old ranchers living on
the bad-headed a few years ago find
themselves today the owners of city
property worth millions, and are
dressing uncomfortably, in keeping
with their wealth, or vainly trying to
drink up the surplus. So far sense and
brains has had nothing to do with 1t,
YD., absolutely nothing. 1t has been
fool luck But the brains are coming
in now, and the brains will get the
money, in the long run"
Transley paused and lit another
cigar. YD. rolled his In his lips, re
lectIyely.
Il mind some doin's in that burg"
he said, as though the memory of them
was Of greater Importance than all
that might be happening now
Transley switched back to business.
I'VE ought to be in on 1t, Y.D.," he
said. Not on the fly-by-nlght stuff;
don't mean that But l could take
twice the contracts If l had twice the
outfit"
Y.D, brought his chair down on to
MI four legs ana removed his cigar
You mean we should hit her to-
gether?" he demanded.
IT would be great compliment to
me, II you had that confidence In me.
and I'm sure It would make some good
money for you"
How'd you work it?"
You have n bunch of horses run
ming here on the ranch, eating their
heads off. Many of them are broke,
and the others would soon tame down
with a scraper behind them Let me
put them to work I'd have to have
equipment. too. Your name on the
back of my note would get 1t, and
you wouldn't actually have to put up
a dollar. Then we'd make an lnven-
tory of what you put into the firm and
what put into 1t, and we'd divide the
earnings in proportion"
After payin' you a salary as mana
ger. Of course" suggested Y.D.
That's Immaterial. With bigger
outfit and more capital / can make so
much more money out of the earnings
that l don't care whether l get sal
airy or not. But l wouldn't figure on
going on contracting all the time for
other people We might as well have
the cream as the skinned milk This
is the way it's done. We so to the
owner Of a block Of lots somewhere
where there's no building going on. He's
anxious to start something because
as soon as building starts n that dis
trict the lots will sell for two or three
times what they do now. We say to
him, Give us every. second lot in your
block and wen put a house on it In
this way we get the lots Tor a tri0e;
perhaps for nothing Then we build
n lot Of houses. more or less to the
same plan We put EN- up quick and
cheap We build EN- TO sell. ret TO
live in Their we mortgage EN- for
the lis, cent we can get Then we
put the price NJ 10 twice what the
mortgage is and sell them as fast as
we can build them, getting our equity
out and leaving the purchasers TO set
Tie with the mortgage company. It's
good for from 80 20 50 per cent profit
not per annum, hut per transaction"
1T sounds interesting said Y.D.
'au l suppose might MS we'll put my
spare horses an credit TO work
don't mind drivin' down with you to-