“Walsh has made a fair offer. He knows the business well--as well,
practically, as I myself. His offer is based on the last invoice to
which he adds one hundred thousand dollars for the name and good will
of the house. The capitalization is just as your grandfather left it.
Walsh has owned, for a number of years you remember, ten shares of the
capital stock. You and I together own the rest. The few shares held by
men in the office to complete the organization are all assigned to us.
You have, if you remember----”
“Twenty shares,” said Wayne promptly, irritated that his father was
assuming that he would not know.
“Quite right. You own twenty; I hold sixty-five; and that leaves five
shares held by the clerks that are practically mine. I take it for
granted that you will wish to sell your holding if I dispose of the
controlling interest.”
“No; I hardly think I shall,” replied Wayne. “The earnings are better
than they ever were, and I shouldn’t know where to do so well.
Besides,” he added in a tone that caused his father to wince, “the
business was started by Grandfather Wayne and I have always felt that
I owed it to mother to keep my interest there. I suppose the corporate
name will not be changed?”
“I had assumed it would not be,” replied Colonel Craighill smiling. “It
is a part of the assets!”
“Certainly, the Wayne-Craighill Company! As I am both a Wayne and a
Craighill I prefer to stay in; I assume you don’t care one way or
another.”
“On the other hand, I am glad to see that you have a mind of your own
in the matter, and your feeling about your grandfather, the founder of
the house, does you great credit, my son. It pleases me more than I can
say. I should not be retiring myself if this were not in line with my
plans of several years for concentrating my interests. I can use this
money to better advantage elsewhere.”
He did not explain how he proposed to re-invest the money derived
from the sale of the jobbing business, and Wayne asked no questions.
A number of men were waiting, as usual, to see Colonel Craighill, who
presently took up several cards from his desk and rang for the office
boy to begin admitting the callers.
Wayne had ordered Joe to bring down his runabout at four o’clock and
for half an hour he idled as he waited in his own office. He came and
went as he liked by the hall door in his room so that the clerks in the
outer office never knew whether he was in or not.
Public-domain text, read in full here on John Shaqi.
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