'Oh, you will speedily find that you require all the help you can get in
London. You will probably learn that a hundred such mines are for sale
now, and the chances are you will find that this very mica-mine has been
offered. What do you believe the mine is really worth?'
'I think it is worth anywhere from one hundred thousand pounds to two
hundred thousand pounds, perhaps more.'
'Is it actually worth one hundred thousand pounds?'
'According to my estimate, it is.'
'Is it worth one hundred and fifty thousand pounds?'
'It is.'
'Is it worth two hundred thousand pounds?'
'I think so.'
'What percentage would it pay on two hundred thousand pounds?'
'It might pay ten per cent., perhaps more.'
'Why, in the name of all that is wonderful, don't you put the price at
two hundred thousand pounds? If it will pay ten per cent and more on that
amount of money, then that sum is what you ought to sell it for. Now we
will investigate this matter, if you like, and if you wish to take me in
with you, and put the price up to two hundred thousand pounds, I will see
what can be done about it when we get to London. Of course, it will mean
somebody going out to Canada again to report on the mine. Your report
would naturally not be taken in such a case; you are too vitally
interested.'
'Of course,' replied Kenyon, 'I shouldn't expect my report to have any
weight.'
'Well, somebody would have to be sent out to report on the mine. Are you
certain that it will stand thorough investigation?'
'I am convinced of it.'
'Would you be willing to make this proposition to the investors, that, if
the expert did not support your statement, you would pay his expenses out
there and back?'
'I would be willing to do that,' said Kenyon, 'if I had the money; but I
haven't the money.'
'Then, how do you expect to float the mine on the London market? It
cannot be done without money.'
'I thought I might be able to interest some capitalist.'
'I am much afraid, Mr. Kenyon, that you have vague ideas of how companies
are formed. Perhaps your friend Wentworth, being an accountant, may know
more about it.'
'Yes, I confess I am relying mainly on his assistance.'
'Well, will you agree to put the price of the mine at two hundred
thousand pounds, and share what we make equally between the three of us?'
'It is a large price.'
'It is not a large price if the mine will pay good dividends upon it; if
it will pay eight per cent. on that amount, it is the real price of the
mine, while you say that you are certain it will pay ten per cent.'
'I say I think it will pay that percentage. One never can speak with
entire certainty where a mine is concerned.'
'Are you willing to put the price of the mine at that figure? Otherwise,
I will have nothing to do with it.'
'As I said, I shall have to consult my friend about it, but that can be
done in a very short time, and I will answer you in the afternoon.'
Public-domain text, read in full here on John Shaqi.
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