Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1930-01-16


the flushed young man through mar.
rowed lids.
Davenport laughed boyishly.
my goodness That's a large or.
der But l suppose 1t might be fed
ont through a single industry at firsr
say, motor boat engines. or some
thing Of that kind. II We held the
patents, we could regulate that ex-
actly."
Il see your point, Mr.. Davenport, Of
course. Then you think that the stock
proposition appeals to you mostY
1T doesn't appeal to me the most"
disclaimed Davenport Far from 1t.
But guess it's what ought to have
very WE'LL" returned Grimstead de
cIsively. Gardner, get your note
book and take this"
Gardiner had risen from the post OF
private secretary and SO took short
hand.
Draw me up proper contract en-
bodying these points," Grimstead In
structed him. patents In name OF
Universal Power corporation. Capitai
stock one hundred thousand shares, no
par value, nonassessable. Forty per
cent to Mr.. Davenport Sixty to me.
! to furnish all working capital. Manu-
factCre to commence within three
months. One hundred thousand dol
lars to be paid Mr.. Davenport as
bonus cash payment on the conclusion
OF the first one thousand bona fde
sales. That satisfactory as far as 1t
goes?"
The attentive youth nodded.
"AIl right. Now just to cover the
point you brought up, add this: that
for the first FIVE years Mr.. Davenport
is to have the, veto right as to any
contemplated extensions OF business
That ought to suit you, Davenport
That's finer cried the young man.
his brow clearing. Il was trying to
figure how l would have anything to
say with only 40 per cent OF the stock
and yet l realize perfectly that the
business control should be In the bust
ness hands,"
"All right Get your typewriter and
put 1t In shape, Ross"
Gardiner disappeared with a flash
light In the direction of The car. to
return after few moments carrying
a portable typewriter Grimstead me:
him just at the circle OF freight.
mo shenanigan about this. Ross
he warned In low voice. Il wan.
this contract drawn absolutely fairly,
so that any lawyer he may consult
will approve of It. | don't want a
chance for an objection once we leave
this place.
II understand that part OF It, but
Hes one Of these lily-whites.
growled Grimstead 1--WE got him
located now. Full OF uplift and shy
OF horse sense. know EN-; and
they've got to be handled. He's cuckoo
on the service-to-humanity stun.
Il don't quite get your giving him
that veto right"
TOO long: I'll tell you tomorrow.
DO | get some Of this Stock7"
"I1l take care Of you--and III use
you Don't you worryi Come fishing
with me tomorrow and we'll talk II
over. Oh, one more thing: the chances
are that he won't sign any contract
without seeing a lawyer, no matter
how well satisfied he is with Its pro
visions, He'll want to see II It's
technically all right So draw up Il
subsidiary agreement on his part To
sign the, contract provided his lawyer
get his name-pronounces 1t tech
nically correct Well get him to sign
that anyway; and that will tie him
up"
1t was near ten o'clock before the
little typewriter ceased clicking; and
about eleven when Davenport affixed
his signature to the agreement to sign
AS Grimstead had foreseen, he did not
want to sign the contract itself with
out expert advice as to Its form; bur.
being satisfied with Its substance. he
was willing to agree to that
Now" cried Grimstead, heaving
himself erect with joyous below
we'll demonstrate what an unprin-
cipled old lawbreaker you have hooked
up with. Simmins, bring me my black
bag" He produced small key on
the end of gold chaine and unlocked
the black bag" which was more like
q deep and stiff suitcase. Simmlns
eyed the key sadly. He had never
been able, try as he might, to dupli
cate 1T. The two sides OF the box, on
being opened wide on their hinges
disclosed a velvet-llned interior filled
with appropriate notches and slots
into which fitted six bottles. Other
notches carried two nests OF tumblers
Water lemons. sugar!" commanded
Grimstead.
lie set out on the. ground before
him four of the tumblers and poured
into each generous measure from
one of the bottles.
illegal to transport without per
NIT" he chuckled.
He reached up hand for the To
gradients and caught Slmmins eye.