'Yes, it does; so I called to see you with reference to it. I wanted to
say that Wentworth will go carefully over the figures I have given him,
and see if there is any mistake about them. If there is not, and if we
find that the mine will bear inflation to two hundred thousand pounds, we
shall be very glad of your aid in the matter, and will divide everything
equally with you. That is to say, each of us will take a third.'
'If I remember rightly, I asked you a question which you did not answer.
I asked you how much you paid for the mine.'
Kenyon was astonished at this peculiar kind of memory, that could forget
a whole conversation, and yet remember accurately one detail of it.
However, he replied:
'Of course, at that time you had not said you would join us. I recognise
that, if you are to be a partner, it is your right to know exactly what
we pay for the mine. I may say that we have not paid for it, but have
merely got an option on it at a certain price, and of course, if we can
sell it for two hundred thousand pounds, we shall have a large amount to
divide. Now, if you think you will go in with us, and do your best to
make this project a success, I will tell you what our option is on the
mica-mine.'
'Well, you see, I can hardly say that I will join you. It is really a
very small matter. There ought not to be any difficulty in floating that
mine on the London market, except that it is hardly worth one's while to
take it up. Still, I should have to know exactly what you are to pay for
the property before I went any further in the matter.'
'Very well, then, I tell you in confidence, and only because I expect
you to become a partner with us, that the amount the mine is offered to
us for is twenty thousand pounds.'
Young Longworth arched his eyeglass.
'It cannot be worth very much if that is all they ask for it.'
'The price they ask for it has really nothing at all to do with the value
of the mine. They do not know the value of it. They are not working it,
even now, so as to bring out all there is in it. They are mining for
mica, and, as I told you, the mineral which they are throwing away is
very much more valuable than all the mica they can get out of the mine.
If it were worked rightly, the mica would pay all expenses, as well as a
good dividend on fifty thousand pounds, while the other mineral would pay
a large dividend on one hundred and fifty thousand pounds, or even two
hundred thousand pounds.'
'I see. And you feel positive that there is enough of this mineral to
hold out for some time?'
'Oh, I am positive of that. There is a whole mountain of it.'
'And do you get the mountain as well as the mine?'
'We get three hundred acres of it, and I think there would be no
difficulty in buying the rest.'
'Well, that would seem to be a good speculation, and I am sure I hope you
will succeed in forming your company. How much money are you prepared to
spend in floating the mine?'
Public-domain text, read in full here on John Shaqi.
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