Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1934-09-13

LS62~ VsYW
"If You Do You'Il Co to the PEN"
Babson Warned.
River Charley. You do not know
where he is but I do. may bring him
back to testify against you"
"You couldn't convict me-"
perhaps not, but can shake public
confidence in you. you SNUG hypocrite.
You realize, of course, that when the
Forlorn Valley Irrigation district was
formed and deed of trust on all of
the lands embraced in the district was
given, with San Francisco trust COM
pany as trustee, to secure the bond
issue the district floated, all of the
first mortgages and deeds of trust on
lands within the district given to your
bank to secure prior loans have now
become second liens against those
lands. You realize, do you, that If the
Ferlorn Valley Irrigation district
should go bust the foreclosure Of the
deed of trust given by the district will
automatically wipe out the second
liens held by your bank?"
81 do. But the Forlorn Valley Irri-
cation district will not go bust, and
with the increased fertility and, con-
seQuently, the doubling in value Of the
lands and their increased earning DOW
er, this banks security will be ample
and the mortgages and deeds of trust
will be paid. If not, they can be fore
closed and the bank can take over the
lands, subject, of course, to the bond
issue against them. And they can
then be sold very readily. / have no
apprehensions on that score and If you
are trying to frighten me you are not
making very successful Job of it."
Nate Tichenor pointed through the
open door of the bank to lot across
the street where a gang of workmen
were engaged erecting a one-story
building of cream brick. "That lot
and building are mine," Tichenor in
formed the banker lightly. I'm going
to start a bank there with a million
dollars capital"
you'll have to prove a genuine
need for another bank and you'll have
to prove that your bank has some
sound hopes for success. And you
cannot do that while the Bank of VAL
ley Center continues to function as at
present"
swell, I'll be all set. ready to take
over the wreck of your bank. Bah
son. I'm patient. I can wait"
AS Tichenor walked out, Babson
turned to Henry Rookby. "Henry. that
fellows so ratified he doesn't know
what to do. He'd like to start an In
junction suit against the district. but
he's not at all certain he can win.
Henry, he's actually erecting a bank
building across the street. hoping to
scare me into compromise to save
his face. Can you beat him?
Hes small change" Mr.. Rookby
replied disdainfully. "Forget him."
But Mr.. Rookby's airy advice failed
to bring the measure of comfort for
which Babson yearned. Even his own
assurances presently failed him. Moth
ing in life is more distressing than I'M
certainty, and the uncertainty as to
whether Nate Tichenor and Lorry Ker-
shaw would apply for an injunction re-
straining the Forlorn Valley Irriga-
ton district from diverting water from
Eden Valley creek was profound I'M
certainty, indeed. Babson wondered
whether Tichenor was really depressed
over the situation. really disinclined
to fight in the courts.
That night Silas Babson went home
with violent headache. He did not
sleep well. either, and the following
night he was very weary. indeed. The
third night he was still sleepless and
then his old enemy insomnia claimed
him and he had nervous breakdown.
The Postmaster at Valley Center
reported that Nate Tichenor must
loathe the town with great loathing,
because not single letter from Tiche-
nor, his wife, or their employees was
ever posted In Valley Center. And, as
everybody knows, the pay of coun.
try postmaster is predicated on the
amount of business he does A sim
liar complaint came from the local
telegraph agent and the local tele-
phone agent. Nobody could ascertain,
via these agencies. anything of Nate
Tichenor's business and this was
genuine deprivation. Nor was a sim
gle dollar of Tichenor money expended
in Valley Center for anything that
could be purchased in Gold Run.
fTo ha cort,puadN