General stores -- Fiction; Married people -- Fiction; West (U.S.) -- Social life and customs -- Fiction
Before sunset Philip had called in person on his brother merchants,
Doctor Taggess, the owner of the saw-mill, the county clerk, and
the hotel-keeper, and invited them to meet at his warehouse-store
that evening, immediately after the closing hour, for a private and
confidential talk on a business subject of general interest to the
community. Caleb went into the farming district and invited a flour
miller and several of the more intelligent farmers to attend the
meeting. At the appointed hour every one was present, the door was
locked, Philip briefly outlined the railway scheme, told of the main
line company's offer, and called upon Truett to detail his plan of
construction.
The young engineer responded promptly with facts and figures, and
made much of his proposed stock subscriptions to be paid for in labor
and ties, and the farmers present declared it entirely feasible. Most
of the merchants were frightened at the amount of cash that would
be required for rails, etc., as almost all of it would have to be
subscribed by them; but Philip, backed by the consciousness of his
own bank deposit in the East, assured them that through some Eastern
acquaintances he could get merchants' short notes discounted for a
large part of their subscriptions, and that the guaranteed stock could
be sold or borrowed on as soon as issued; if the cutting and delivery
of ties could begin at once, the road could be completed soon enough
to get the autumn and winter produce to market almost as rapidly as it
could be brought in.
At this stage of the proceedings the owner of the saw-mill promised to
expedite matters by subscribing five hundred dollars' worth of stock,
payable in ties at a fair price. The town's last railway excitement,
several years before, had caused him to buy in a lot of small timber
and saw it into ties, which had been dead stock ever since; he had even
tried to sell them for firewood. Doctor Taggess thought so highly of
the project that he said he would take a thousand dollars' worth of
stock; he had very little ready money, but through family connections
in the East he could raise the money by mortgaging his home. The
county clerk said he would take five hundred dollars' worth, the
hotel-keeper promised to take a similar amount, and the flour miller
asked to be "put down" for two hundred and fifty. By this time the
merchants lifted up their hearts and pledged enough more to secure
the purchase of the metal. It was then resolved that a public meeting
should be held within a week, at the court-house, roofless though it
still was, and all participators in the private consultation agreed to
"boom" the enterprise in the meantime to the best of their ability.
Public-domain text, read in full here on John Shaqi.
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