At the time Wentworth was reading his letters, John had received those
which had been sent when the mine was bought. He was relieved to find
that Melville was not, after all, the owner; and he went to work with a
will, intending to put in two or three years of his life, with hard
labour, in developing the resources of the property. The first fortnight,
before he received any letters, he did nothing but make himself
acquainted with the way work was being carried on there. He found many
things to improve. The machinery had been allowed to run down, and the
men worked in the listless way men do when they are under no particular
supervision. The manager of the mine was very anxious about his position.
John told him the property had changed hands but, until he had further
news from England, he could not tell just what would be done. When the
letters came, John took hold with a will, and there was soon a decided
improvement in the way affairs were going. He allowed the old manager to
remain as a sort of sub-manager; but that individual soon found that the
easy times of the Austrian Mining Company were for ever gone.
Kenyon had to take one or two long trips in Canada and the United
States, to arrange for the disposal of the products of the mine; but,
as a general rule, his time was spent entirely in the log village near
the river.
When a year had passed, he was able to write a very jubilant letter to
Wentworth.
'You see,' he said, 'after all, the mine was worth the two hundred
thousand pounds we asked for it. It pays, even the first year, ten per
cent. on that amount. This will give back all the mine has cost, and I
think, George, the honest thing for us to do would be to let the whole
proceeds go to Mr. Smith this year, who advanced the money at a critical
time. This will recoup him for his outlay, because the working capital
has not been touched. The mica has more than paid the working of the
mine, and all the rest is clear profit. Therefore, if you are willing, we
will let our third go this year, and then we can take our large dividend
next year with a clear conscience. I enclose the balance-sheet.'
To this letter there came an answer in due time from Wentworth, who said
that he had placed John's proposal before Mr. Smith; but it seemed the
gentleman was so pleased with the profitable investment he had made that
he would hear of no other division of the profits but that of share and
share alike. He appeared to be very much touched by the offer John had
made, and respected him for making it, but the proposed rescinding on
his part and Wentworth's was a thing not to be thought of. This being
the case, John sent a letter and a very large cheque to his father. The
moment of posting that letter was, doubtless, one of the happiest of his
life, and this ends the formidable array of letters which appears in
this chapter.
CHAPTER XL.
Public-domain text, read in full here on John Shaqi.
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