"And in case I should
interest myself in the proposition to the extent of organizing the
capital to swing the deal, what would you expect out of it?"
"A share in the business, and a salary of ten thousand a year."
"You don't want much!" exclaimed Orcutt.
"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.
Pages:
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38