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Updated: June 29, 2025
Fine business I don't think!" He nodded farewell and started for the door. "But you say you have but fifty thousand dollars," MacCandless protested. "I said I'd have to get two hundred and fifty thousand dollars more. Well, I'll do it." "Quite a sum to raise these days," MacCandless remarked doubtfully.
MacCandless was still looking curiously at Matt's card when the latter said: "I called with reference to that big freighter of the Oriental Steamship Company the Narcissus. Is she for sale?" MacCandless smiled with his lips, but his eyes wore the eternal Show-me! look. He nodded.
"Well, if you'll give me a sixty-day option on the Narcissus at two hundred and seventy-five thousand dollars and agree to do the repairs on her, including dry-docking, cleaning and painting her up to the water line, I'll take a ten-thousand-dollar chance, Mr. MacCandless, that I can raise the money."
Even should he not succeed in financing the enterprise Cappy Ricks would be glad to take his bargain off his hands perhaps at a neat profit. Consequently, Matt went over to his bank, procured an additional certified check for fifteen thousand dollars and returned to MacCandless' office, where he signed the contract of sale and paid over his twenty-five thousand dollars.
My company has to pay for it, so I'll act as agent and collect my little old ten per cent. commission. But, passing that, do you want to know the latest the very latest news?" "I don't mind," MacCandless replied. "Well, there's going to be a devil of big war in Europe and I wouldn't take four hundred thousand dollars for the Narcissus this minute. May I use your telephone? Thanks!"
"What will the next payment be?" the cautious MacCandless demanded. "Twenty thousand dollars a month, with interest at six per cent. in deferred payments. You might as well be earning six per cent. on her as have her rusting holes in her bottom down there in Mission Bay. As she lies, you're losing at least six per cent. interest on her."
"All that inside information will not only save us money in the future," Matt continued, "but it enabled me to drive a closer bargain when dealing with MacCandless, of the Oriental Steamship Company. Consequently Terence Reardon gets the job.
MacCandless was a cold individual of Scotch ancestry, with a scent for a dollar a trifle keener than most; and Matt Peasley, young and inexperienced in business fencing, was never more aware of his deficiencies than when he faced MacCandless across the latter's desk. Consequently, he resolved to waste no words in vain parley.
He called up his office. "Is there a telegram there for me?" he queried, and on being answered in the affirmative he directed his stenographer to read it to him. He turned to MacCandless. "Mr. Terence Reardon will have entire charge of the work of retubing those condensers, and so on," he explained. "I'll give him a letter to you, which will be his authority to superintend the job.
You'll have to ship a new crank shaft, rewind the main motor, renew the Manila lines, overhaul the standing rigging, retube the condensers and dock her before handing her over to me. She's as foul as any hulk in Rotten Row." "Why, that will cost in the neighborhood of forty thousand dollars nearer fifty!" MacCandless declared. "I know.
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