For a second Bob stared, the blood rushing into his face, a crimson
flood. Make terms with Crane? Go on his knees to that scoundrel, who had
long ago parted with the last shred of decency and self-respect? Not
much!
They must have resources enough to meet that note, at least. The trust
could not keep the price of lumber down indefinitely. They must weather
the storm in some way. And when this drive was safe at the mills, ready
to be cut into lumber, they would have the laugh on Elihu Crane.
Oblivious to the men about him, even to the fact that the cook had some
time ago announced supper, Bainbridge began to search his mind for means
of staving off the evil day. Most of the stocks and bonds constituting
his private fortune had been already pledged as collateral for loans to
the firm. He still had a few thousand dollars’ worth of Steel Preferred
which could be sold; and there was Pinecrest, the beautiful and costly
home on the outskirts of Bangor, which had been left him by his father.
It should not be difficult to raise a mortgage of ten thousand, at
least, on the place.
“The note’s for ten thousand, so that’s all straightened out,”
Bainbridge murmured, with a snap of his fingers. “The money from the
stock can go for current expenses. I’ll fix it up this very night.”
He did. Fortunately Tweedy held his power of attorney with the right to
sign checks and execute papers of any sort, so it was possible for him
to put through these deals without his returning to Bangor. That another
note for nearly as much as the first fell due in little more than a
fortnight Bainbridge knew quite well. By that time, however, he fully
intended to have the drive down as far as their mill at Lancaster, fifty
miles or so above Bangor. And it is always possible to raise money on
timber, even in the rough.
Of course, if the trust continued their campaign of cutting prices Bob’s
plans would be materially affected. He could not believe, however, that
they would do such a thing for any great length of time. A dollar meant
as much to them as to any one, and even the pleasure of ruining a
competitor would scarcely compensate for the loss of so much money.
A long letter of instruction and explanation was written to Tweedy that
night, and despatched the first thing in the morning by the trusty hand
of Joe Moose, the Indian. That off his mind, Bob returned to his drive
with renewed vigor, for the necessity for haste was now even greater
than before. It was a question of getting the logs down in double-quick
time or being dragged into the bankruptcy court; and that sort of
notoriety did not appeal in the least to the young man.
Public-domain text, read in full here on John Shaqi.
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