wi
HARD AT WORK
TO THWART HIM.
for dead and flees the state when
mitted by Dunham. Several
at a town in the Rocky mountains
tion ditch construction camp.
John Smith, in a more important |
valuable property.
retary of Baldwin's company.
Dunham accuses Smith of dishon-
Smith appears as a tramp
and gets a laboring Job in an irriga-
intelligence draws the attention
ace, The ditch company is in hard
CHAPTER VIili.—Continued.
—— —
“You followed?" queried Stanton.
“Yes, and when I got there
colonel was shut up in Williams’ of-
fice with a fellow named Smith. When
was saying: ‘That settles it, Smith;
you've got to come over into’—I didn’t
catch the name of the place—‘and help
us."
Again the gentleman with the sharp
jaw took time for narrow-eyed reflec-
tion.
colonel to this fellow Smith for
present, Shaw,” he decided, at length.
“You look him up and do it quick.”
The young man glanced up with =a
faint warming of avarice in his sleepy
eyes,
—for expenses,” he suggested.
“For graft, you mean”
Stanton. Then he had it out with this
second subordinate in crisp English.
every crook and turn of you.
than that, I know why you were fired
out of Maxwell's office; you've got
sticky fingers. That's all right with
me up to a certain point, but beyond
that point you get off. Understand?”
Shaw made no answer In direct
terms, but if his employer had been
watching the heavy-lidded eyes, he
might have seen in them the shadow
plain dishonesty: a passing shadow of
the fear that makes for treachery
tion arises.
he said, with fair enough lip-loyalty,
and after he had rolled a fresh eciga-
rette he went away to begin the min-
ing operations which might promise
to unearth Smith's record.
It was ten o'clock when Shaw left
the real-estate office in the Hophra
House block. Half an hour earlier
Smith had come to town with the
colonel In the roadster, and the two
had shut themselves up in the
colonel's private room in the Timan-
yoni Ditch company’s town office in
the Barker bullding, which was two
squares down the street from the Ho-
phra house, Summoned promptly,
Martin, the bookkeeper, had brought
in his statements and balance sheets,
“Try to Find Out About the Hobo.”
and the new officer, who was as yet
witout a title, had struck out his
plo of campaign.
“ ‘Amortization,’ is the word, colo
nel,” was Smith's prompt verdict after
he had gone over Martin's summaries,
“The best way to get at it now is to
wipe the slate clean and begin over
again.”
The ranchman president was chuck.
ling soberly.
“Once more you'll have to show
me, John,” he sald. “We folks out
here in the hills are not up In the
Wall street crinkles.”
“You don't know the word? It
means to scrap the old machinery to
make room for the new,” Smith ex-
| plained. “In modern business it is the
| process of extinguishing a corpora-
i tion: closing it up and burying it in|
another and bigger one, usually. That
is what we must do with Timanyoni
{ Ditch.”
“I'm getting you, a little at a time,
said the colonel, taking his first lesson
in high finance as a duck takes to the
water, Then he added: “It won't take
much of a lick to kill off the old com- |
pany, in the shape it's got into now.
How will you work 1t?" |
Smith had the plan at his fingers’ |
ends. With the daring of all the perils
had come a fresh access of fighting
fitness that made him feel as if he
could cope with anything.
“We must close up the company's |
{ affairs and then reorganize promptly
| and, with just as little nolse as may
{ be, form another company-—which
| will call Timanyon! High Line—and
let it take over the old outfit, stock,
i lHabllities and assets entire. You say |
your present capital stock Is one hun-
dred thousand dollars. This new com- |
pany that I am speaking of will be |
capitalized at, say, an even half mil-
| lon. To the present holders of Timan-
yonl Ditch we'll give the new stock
for the old, share for share, with a
{| bonus of twenty-five shares of the new
stock for every twenty-five shares of |
the old surrendered and exchanged.
This will be practically giving the pres.
ent shareholders two for ope. Will
that satisfy them?”
This time Colonel Dexter Baldwin's
smile was grim,
“You're just Juggling now,
{and you know it.
”
i
we
John,
Out here on the
woolly edge of things a dollar is just
a plain fron dollar, and you can’t make
{ it two merely by calling it so”
“Never you mind about that,” cut in
| the new financier. “At two to one for
the amortization of the old company
we shall still have something like
three hundred thousand dollars treas-
ury stock upon which to realize for the
new capital needed, and that will be |
amply sufficient to complete the dam |
and the ditches and to provide a fight- |
ing fund. Now then, tell me this: how |
near can we come to placing that!
treasury stock right here In Timan- |
yoni Park? It's up to us to keep this |
thing in the family, so to speak; and |
the moment we go into other markets
we are getting over into the enemy's
country. I'm not saying that the
money couldn't be raised in New
York; but if we should go there, the |
trust would have an underhold on us,
right from the start.”
“I see,” sald the colonel, who was
indeed seeing many things that his
simple-hearted philosophy had never
dreamed of ; and then he answered the
direct question. “There is plenty of
money right here in the Timanyenis.™
Smith nodded. He was getting his |
second wind now, and the race prom- |
ised to be a keen joy.
“But they would have to be ‘shown,’
|
i
i
i
you think?" he suggested. “All right; |
we'll proceed to show them. Now we |
can come down to present necessities,
We've got to keep the work golng— |
and speed it up to the limit: we ought |
to double Williams’ force at once—put |
on a night shift to work by electric
light.”
The colonel blinked twice and swal-
lowed hard.
“Say, John,” he said, leaning across
the table-desk; “you've sure got your
nerve with you. Do you know our
present bank balance is under five
thousand dollars, and a good part of
that Is owing to the cement people!”
“Never mind; don't get nervous”
was the reassuring rejoinder. “We are
going to make it bigger in a few min.
utes, I hope. Who Is your banker
here?”
“Dave Kinzie of the Brewster Clty
National.”
“Tell me a little something about
Mr. Kinzie before we go down to see
him; just brief him for me as a man,
I mean.”
The colonel was shaking his head
slowly.
“He's what you might call a twenty-
ton optimist, Dave is; solid, a little
slow and sure, but the biggest boomer
in the West, If you can get him start-
country and all that, But you can’t
borrow money from him without secur-
ity, If that's what you're aiming to do.”
“Can't we?’ smiled the young man
who knew banks and bankers, “Let's
go and see, You may introduce me to
Kinzie as your acting financial secre
Now one more ques
tion: What Is Kinzle's attitude toward
Timanyoni Ditch?”
“At first he was all kinds of friend-
ly; he 18 a stockholder in a small way.
But after a while he began to cool
down a little, and now—well, I don’t
know; I hate to think it of Dave, but
I'm afraid he's leaning the other way,
toward these Eastern fellows. He
tried to cover Stanton’s tracks in the
stock-buying from Gardner and Bol
Hing"
“That is natural, too,” sald Smith,
whose point of view was always un-
obscured In any battle of business.
“The big company would be a better
customer for the bank than your little
I guess
If you're
the
’
that's all for the present
dbwn and face
Come on; I'll steer
you right now that the steering is
It was while they were crossing the
street together that Mr. Crawford
thickset, barrel-bodied man with
wooden
The men
of the camps called the cripple “Peg-
leg” or “Blue Pete” indifferently,
though not to his face. For though
the fat face was always relaxed in a
good-natured smile, the crippled
bristling mustache, and a
sn-
the knife.
Stanton looked up from his desk
step came in from the street,
“Hello, Simms,” he
greeting. “Want to
sald, In curt
gee me?
Simms threw the brim of his soft
hat up with a backhanded stroke and
“It ain't worth while;
and I gotta get back to eamp. I blew
in to tell y'u there's a fella out there
that needs th’ sandbag.”
“Who is It?
“Fella name’ Smith. He's showin’
‘em to cut many corners
pace-settin’, he calls it. First thing
they know, they'll get the concrete up
to where the high water won't bu'st It
out.”
Stanton's laugh was impatient,
“Don't make any mistake
gort, Simms.” he sald. “We don't want
the dam destroyed; we'd work just
as hard as they would to prevent that.
All we want is to have other people
think it's likely to go out—think It
hard enough to keep them from put-
ting up any more money. Let that go.
Iz there any more fresh talk--among
the men?
little upon the underground wire-pull
ing which had resulted in
Simms on the ground as the keeper of
the construction-camp canteen,
y fairly original way of keeping a lis
tening ear open for the camp gossip.
“Little,” sald the cripple
“This here blink-blank fella Smith's
been tellin’ Williams that I ort to be
run off th’ reservation; says th' booze
puts the brake on for speed.”
“So it does”
ingly. “But
while longer,
how tO0
of that
I guess you can stay ®
I have a notion that
that means to buck us. If he hasn't
any backing—"
The interruption was the hurried in-
fingers, and for once In a way he was
stirred out of his customary attitude
“Smith and Colonel Baldwin are
over yonder in Kinzle's private office”
“Before they shut
Smith as the new acting financial sec.
retary of the Timanyoni Ditch com-
pany I"
CHAPTER IX.
When Greek Meets Greek.
Smith allowed himself ten brief sec-
onds for a swift eye-measuring of the
square-shouldered, stockily bullt man
gitting in the chair of authority at the
Brewster City National before he chose
his line of attack.
“We are not going to cut very deeply
into your time this morning, Mr. Kin-
zie,” he began when the eye-appralsal
had given him his cue. “You know the
history of Timanyonl Ditch up to the
present, and-—well, to cut out the de-
tails, there is to be a complete reor-
ganization of the company on a new
basis, and we are here to offer to take
your personal allotment of the stock
off your hands at par for cash. Colonel
Baldwin has stipulated that his friends
in the original deal must be protected,
and"
“Here, here—hold on” interrupted
the bank president; “you're hifting it
up a little bit too fast for me, Mr.
Smith. Who are you, and whereabouts
do you hold forth when you are at
home?”
Smith laughed easily. “If we were
trying to borrow money of you, we
might have to go into preliminaries
and particulars, Mr. Kinzie. We are
not alone in the fight for the water
rights on the other side of the river,
as you know, and until we are safely
fortified we shall have to be prudently
cautious. What we wait to know now
is this: Will you let us protect you by
taking your Timanyonl Ditch stock at
par?’
know you yet, Mr. mith; but I
| know Colonel Baldwin, here, and 1
guess I'll take a chance on things as
they stand, I'll keep my stock.”
The new secretary's smile was rather
patronizing than grateful,
“As you please, Mr,
| course,” he sald smoothly. “But I'm
| going to tell you frankly that you'll
| keep it at your own risk, I am not
| sure what plan will be adopted, but I
assume it
retirement
company.
old stock we
know.”
The banker pursed his lips until the
stubbly gray mustache stood out
stiffly, Then he cut straight to the
heart of the matter.
“You mean that there will be a ma-
jority pool of the old stock, and that
the pool will ignore those stockholders
who don't come In?"
“Something like that,” sald Smith
pleasantly, And then: “We're going
to be generously liberal, Mr. Kinzie;
we are giving Colonel aldwin’s
friends a falr chance to come in out
of the wet, Of course, If they refuse
to come in-—-Iif they prefer to
out—""
Kinzie was smiling sourly.
“You'll have to take care your
own banker, won't you, Mr. Smith?” he
asked. “Why don't you loosen up and
tell a little more? What have you
fellows got up your sleeve, anyway?”
At this, the new financial manager
slacked off on the hawser of secrecy
a little—just a little,
“Mr. Kinzie, we've got the
thing, and the surest, that ever came
Timanyoni Park; not in futures,
mind you, but in facts already as good
{ us accomplished, If it were necessary —
| as it isn’t—I could go to New York to-
Kinzie, of
*
of the stock ef the original
already have,
stay
of
biggest
to
“We Are Not Going to Cut
Deeply.”
behind
in twenty-four
{day and put a million dollars
our reorganization pian
hours. You'd say so yourself if I were
at liberty to explain. But
ging and ing your
Think matter ove
stock me Kr
it's to hurry you
i 80, but time is precious with
“You right
man, and put a little
i » of yo
point
whic
again we're
ne and
r—gabout
doled
wast tir
“iu the
your and let
| oon
Pe
rather eruel
us an
sit down there,
of this
rs against i
g authoritatis
hair y Smith had
“You mustn't go off at hal
way. You'll need a bank
| business with, won't you?”
Sm
i
n
¥
:
i
it
Instead he
| smiled genially and fired his final shot
| “No, Mr. Kinzie;
local bank—not as a matter of abso
necessity, In fact,
| counts 1 don't know but that it would
| be better for us not to have one.”
“Qt down,” insisted the bank presi
dent «+ and this time he would take no
denial.
Baldwin,
part of the silent listener letter-per
fect.
h did not sit down.
we shan't need o
lute some ac
on
trust you to the limit—on any proposi-
tion that doesn’t ask for more than
i How much Is this young friend of ours
| talking through his hat?’
“Not any, whatever, Dave. He's got
i
| the gooda.”
tity in his reply.
got to have It
plain with you. You two are asking
That may be all right, but Timanyoni
and maybe they don't.
you're going to have more. I've"
in smartly.
The next instaliment describes
a sharp clash between Stanton
and Smith. The fight ceases to
be merely a battle of wits and
becomes deadly and desperate
and bloody.
(TO BE CONTINUED.)
Roots Must Mave Room.
The yield of cotton is dependent
upon the number of flowers we are
able to induce the plant to form, and
root space is necessary to flowering.
The cotton plant's normal rooting may
occupy two square yards of earth,
which is several times more than given
it in practice, and the yleld may often
be reduced by this fact as the roots
must interlap
caburg.—The National Bank
$1,000 dividend, re
pmmending that it go to the Red Cross
Hazelton ~The
ston post office
has been cl
avoid confusion
has declared
@a
name of the Levi
’
two miles south of
« ow ¢ 1 1
here ange to Junedale, to
with Le
A
record is
wistown,
West Berwick remarkable
school attendance that of
Miss Alice Parr,
missed a
a student, who has
not session n twelve years
Selinsgrove. —The community
hade an Impressive farewell to the 47
f the Un
Ambulance
men o Susquehanna versity
init for the American
Corps, when they entrained for Allen
’
town for training
Norristown A { & of 25
eading citizens has been appointed t
{. A
select a site for a new Y. M
building
ading th
ling
A¥ rouge!
After a thorougn
! invest!
was fund that there has not
registration
gation it
been a single slacker on
served as
{f Adam
was killed
little girls
funeral o
oid, who
snnsylvania express train
{iiiam Hampton, 70
workbench wool
as
been
safeguard
fs. 2°¥a
Lal LE
assed
been
t ang <6 ma
the Kile
ppinger
Skippa x The
nip
rajeed the sal
$50 to $60 for primary
and from $60 to $65 for gram-
mar schools
Harrisburg —After killing more
than 400 young chickens and several
old on farms of Dr. J.
R John Roth, Calvin Mar
ne
has
teachers’
Skippack towns wh n
schools, have
a rie Forty
aries rom
grades
turkeys the
Wagner,
fox
n a
night, the thief (a female gray
with young ones) Was caught
trap and killed by Marberger
Reading. Adam Struck, 10 years
companions on the Pennsyivania Rail
road bridge over the Schuylkill
gtruck by a train and hurled about 35
feet, off the bridge, suffering a broken
neck and fractured sckull, from which
he died
Williamsport
killed, two instantly,
when a motor car driven by
dore Nicholas, of Renovo, went
a forty-foot embankment
on the railroad track below
tion to the driver the dead are:
Four persons
uncle, Melvin
of Chicago, who was on a visit to
Beaver Meadow
ley Coal Company
on the baseball grounds,
Sunday games
Hazelton. Alderman H. W. Helden
reich is a candidate for Mayor of
Hazelton. He was defeated four years
ago by 33 votes by James A. Harvey.
Carligle ~The resignation of George
M. Briner, far 10 years principal of
the Carlisle High School, is announced.
Harrisburg ——QGardening experts at
Pennsylvania State College will give
a special six-weeks’ course in vege-
table growing, in connection with the
regular summer school.
Myerstown.—For 34 years treasurer
of the Women's Missionary Society
of the United Brethren Church, Mrs,
Isanc B. Hank was presented with a
allver service,
Reading. ~<Rev. W. F. Teel preached
the baccalaureate sermon for the grad.
wating class of Sehuylkill Seminary.
has posted signs
forbidding
-—
10 BE ANNDUNGED
Machinery for Enrolling Big
Army Complete By July 1.
EXEMPTION REGULATIONS
Brigadier-General Crowder Foresees
No More Complication Than
Was Experienced With
Registration.
9,649,938 MEN ENROLL FOR
COUNTRY'S SERVICE.
Washington.—War registration
returns, virtually completed by re-
ports from Wyoming and Ken-
tucky, show 9,649,938 men between
the ages of twenty-one and thirty
years, inclusive, have been enroll.
ed for the country's service
in addition to the regularly tabu-
ated total, 6,001 Indians were en
rolied by State officials, or on
reservations by Interior Depart
ment agents
Counting the 600,000 or more
men in the Federal service and not
required to register, the provost
marshal-general’s office said
Census Bureau estimate of 10,275.
604 eligibles was approximately
correct, and that few slackers are
fo be sought
the
selection
machinery than was exper
registration Secretary
advisers
assurances that
¢
ii be so fal
» ground for fea
farored by
relations
rhood knowledg
x and his depen
task of sending tc
an be spared 3
TWO SUFFRAGISTS ARRESTED
Police Take Misses Burns and Morey
At Washington
owing two riots, Major
of Police
ARainst tiing
flaunt banners
the White House
after issuance of the orders
three patrolmen and two policewomen,
trying peaceful to dissuade
Miss Lucy Burns, militant leader and
Miss Catheiias Morey, of Boston, from
unfurling a big vellow banner before
the White House gates, arrested them
and took them to headquarters
liman, Superintendent {me
+ rd ara ro
gtrict orders permi
militants to their
to stand before
Shortly
after 1y
TESTS SUBMARINE CHASER.
Satisfactory Results
First Patrol Boat.
From Trial Of
Washington Preliminary reports
from the New York Navy Yard on
| trials of the first of the 110-foot sub.
marine chasers show satisfactory
gults in every respect. The hull was
| completed in a few weeks’ time and the
boat already has weathered her first
test without developing any defects,
An unusually savere series of tests
will be given the little craft and her
performance will govern largely the
design of the hundreds of similar boats
to be built
re
TO INQUIRE INTO COAL COST.
Senate Committee Will Also Take Up
Various Metals,
Washington Inquiry into produce
tion, prices and transportation of coal,
steel, copper and other basic materials
which Covernment supervigion
may be proposed during the war was
decided upon by the Senate Interstate
Commerce Committee. Coal will be
the first subject taken up this week.
over
DENIES UNREST IN SPAIN.
Army Complaints Not Political, De
clares Ambassador,
Washington ~The Spanish Ambas-
gador, Juan Riano, issued the follow:
ing statement in regard to published
reports of upe=«t in Spain.
“The hews reports circulated in the
United States regarding the interior
situation of Spain are absolutely in
correct. Perfect tranquility prevails,
both material and moral