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Updated: June 28, 2025
For twenty years the Humboldt pioneers had lived in hope of this; but eventually they had died in despair or were in process of doing so. "Don't worry, Dad. It will come," Bryce assured his father. "It's bound to." "Yes, but not in my day. And when it comes, a stranger may own your San Hedrin timber and reap the reward of my lifetime of labour."
"I mortgaged the San Hedrin timber in the south to buy the timber in the north, my son; then after I commenced logging in my new holdings, came several long, lean years of famine.
I never bluff that is, I never permit a bluff of mine to be called, and don't you ever do it, either. Remember that, boy. Any time you deliver a verdict, be sure you're in such a position you won't have to reverse yourself. I'm going to finish logging in that district this fall, so if I'm to keep the mill running, I'll have to establish my camps on the San Hedrin watershed right away."
"The Cardigan Redwood Lumber Company owns two fine bodies of redwood timber widely separated one to the south of Sequoia in the San Hedrin watershed and at present practically valueless because inaccessible, and the other to the north of Sequoia, immediately adjoining our holdings in Township Nine and valuable because of its accessibility."
Remember, if I pull out for the San Hedrin, I'll not abandon my logging-camps there to come back and log your timber. One expensive move is enough for me. Better take a dollar, Bill. It's a good, fair price, as the market on redwood timber is now, and you'll be making an even hundred per cent, on your investment.
"I suppose I'll have to abandon logging in Township Nine and go back to the San Hedrin," Bryce sighed resignedly. "If you do, you'll go broke. You can't afford it. You're on the verge of insolvency this minute."
We paid a dollar and a half for it, you know, and if we sold it to you at a dollar, the sale would not bring us sufficient money to take up our bonded indebtedness; we'd only have the San Hedrin timber and the Valley of the Giants left, and since we cannot log either of these at present, naturally we'd be out of business." "That's the way I figured it, my boy."
Bill Henderson raised an admonitory finger and shook it under the Colonel's nose. "Hear me, stranger," he warned. "When you know John Cardigan as well as I do, you'll change your tune. He doesn't bluff." "He doesn't?" The Colonel laughed derisively. "Why, that move of his over to the San Hedrin was the most monumental bluff ever pulled off in this country." "All right, sir. You wait and see."
Bryce pondered. "But isn't it cheaper to give him his price on Squaw Creek timber than go logging in the San Hedrin and have to build twenty miles of logging railroad to get your logs to the mill?" "It would be, son, if I HAD to build the railroad. Fortunately, I do not. I'll just shoot the logs down the hillside to the San Hedrin River and drive them down the stream to a log-boom on tidewater."
"But there isn't enough water in the San Hedrin to float a redwood log, Dad. I've fished there, and I know." "Quite true in the summer and fall. But when the winter freshets come on and the snow begins to melt in the spring up in the Yola Bolas, where the San Hedrin has its source, we'll have plenty of water for driving the river.
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