Gordon, to all appearances, looked thoughtful, as indeed he was.
"Well," he admitted at length, "not right away, I suppose, and I'll
own up there's some sense in the way you look at it, if the people
were going to buy the stock for a real investment. Why don't we do
this? Issue ten thousand shares of preferred stock, at a par of
twenty-five or fifty, for the kind of people that want to buy for
investment. We could really pay dividends on that, without the
slightest doubt. And then, for the crowd that only wants to take a
flier, and don't care a continental about the merits of the mine, or
its future, we'll issue a million shares of common stock, at a par of
five. Then we'll all be suited. How does that strike you?"
Mason snorted. "Oh, hell," he said forcibly, "what's the use of you
talking that way? I've lived pretty near seventy years without robbing
any one yet, and damned if I want to begin now. I'll wind up in the
poorhouse first. What say, Jack?"
Harrison shook his head helplessly. "I don't know," he said vaguely.
"Seems a pretty big lot of stock to me. Too big, I reckon."
Gordon laughed, with an attempt to pass the matter off lightly. "Oh,
well," he said, "I don't want to do anything that neither of you
approve of, of course. Why not let the whole matter of the capital
stock drop for the present, and let the full board of directors settle
it when we're organized?"
It was a last effort, and a futile one. Indeed, the moment the words
had left his mouth, Gordon saw his mistake. Mason laughed a little dry
laugh. "Yes," he said, with irony, "and four of the seven on the board
are easterners. How'd they settle it, I wonder?"
Gordon's expression was not a pleasant one. With a faint shrug of his
shoulders, he arose.
"Well, I'm sorry," he said, "but I don't see what I can do. If I do
say it, you're being treated as fair as any two men could ask. You're
looked out for in every possible way, and if you choose to spite
yourselves, and call everything off, because you can't trust me on one
of the minor details of the whole scheme, why, I can't see that it's
up to me. I'm sorry, though, sincerely sorry. I firmly believe the
mine has a great future."
Harrison's face lengthened perceptibly. The downfall of all his own
cherished plans was far from pleasant. Mason, however, got up from his
chair, his stern old face set in aggressive lines.
"Dick Gordon," he said, "I've liked you first-rate, up to now; I've
tried my best to use you right, an' I've gone further with you than I
ever went with any other man concernin' the mine, but I don't like
this part of your scheme, an' I never will. It ain't honest.
Capitalize her at a million dollars, an' we're with you up to the
neck, but if you're goin' to stick to any of these five million
schemes, why--you can go plumb to hell for all of me."
Public-domain text, read in full here on John Shaqi.
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