The Challenge of the NorthHendryx, James B. (James Beardsley)
General
The Challenge of the North
Hendryx, James B. (James Beardsley)
Canada -- Fiction
"Not any more than you could well afford to give me. You don't realize
what a big thing this is--it's going to take a lot of capital to swing
it."
"About how much?"
"You'll have to get your figures on the paper mill from someone that
knows more about it than I do. The pulp-wood will cost, I imagine,
somewhere between six and ten dollars an acre. McNabb's options call
for purchase at five dollars, and he told me he could not renew at that
figure. But even at ten dollars, there is a mint in it. You will have
to pay down ten percent of the purchase price in cash."
Orcutt whistled. "Ten percent of the purchase price, at say, ten
dollars, would be half a million. Besides the cost of the mill and the
interest on four million and a half!"
"It is a big proposition," agreed Wentworth. "If it is too big for you
to handle, I can find someone who will. I have a friend in Detroit
whose father will jump at the chance. It isn't too big for McNabb."
"Who said anything about it being too big?" snapped Orcutt. "If McNabb
could find the money, I can. But, mind you, I'm not going to spend a
damned cent on the proposition until after McNabb's options have
expired and we've got our hands on the pulp-wood. Mind you; you don't
draw any advance money."
"Not a cent," agreed Wentworth. "But you'd better have the money right
on hand on the first day of July; those options expire at noon, and we
don't want any delay about getting hold of the property. And, by the
way, I want a written contract--make my share a ten percent interest in
the business."
After some demurring on the part of Orcutt, he called a stenographer
and drew a contract, which he duly signed and handed to Wentworth, who
thrust it into his pocket with the packet of papers.
"Let's see those papers of McNabb's," said Orcutt.
Wentworth smiled. "That is hardly necessary, do you think? I will
vouch for the date--and the location need not concern you at present.
All you need to know is that at noon on the first day of July, you, or
your legal representative, must be at the Gods Lake post of the
Hudson's Bay Company, with a half million dollars in cash, or its
equivalent--and you'd better have all your arrangements made in
advance, and allow plenty of time to get there."
VII
On the whole the afternoon was a disappointing one for Jean McNabb.
She had been deeply hurt by Hedin's curt refusal to attend the coasting
party, and Wentworth had proved a very luke-warm cavalier. She had
started out to be extremely vivacious so all might see that the absence
of Hedin was a matter of no concern, but Wentworth's preoccupied manner
soon dampened her ardor, until for her the coasting party became a
monotonous affair.
She breathed a sigh of relief when it was over, and after a walk,
during which neither ventured a word, she parted from Wentworth at the
gate and rushed to her room. She was furious with Hedin, furious with
Wentworth, and furious with herself for being furious.
Public-domain text, read in full here on John Shaqi.
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