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Updated: May 29, 2025
Finally, these matters being cleared up, Uncle John declared that the Pierce-Lane Lumber Company was willing to contract to cut the timber on the Bogue property, or would pay a lump sum of two hundred thousand dollars for such title to the tract as could be given. He did not add that he had personally offered to guarantee the title. That was an unnecessary bit of information.
He had discovered a chance to make a good deal of money by purchasing an extensive pine forest near Almaquo, just across the border in Canada. West had taken an option on the property, when he found by accident that the Pierce-Lane Lumber Company was anxious to get hold of the tract and cut the timber on a royalty that would enable the owners to double their investment."
West, as treasurer of his company, more than fifty thousand dollars during the last three years." West's jaw dropped. "Your company!" he exclaimed, as if mystified. "Yes; I own the controlling interest in the Pierce-Lane Lumber Company, which has the contract to cut your timber," answered Mr. Merrick. The hardware dealer slowly arose and glanced at his watch.
"Why, forest fires at Almaquo, in Canada, burned down the timber they had bought," replied the Major. "And, by the way, John, you're interested in that matter yourself, for the Pierce-Lane Lumber Company, in which you own a lot of stock, had contracted to cut the timber on a royalty." "How long ago?" "Three years, sir." "Well, we've been cutting timber at Almaquo ever since," said Mr. Merrick.
Wegg brought the matter to me, as usual, and I pointed out that my proposed contract with the Pierce-Lane Lumber Company would assure our making a handsome profit at Almaquo, while Thompson had no one in view to cut the other tract. Indeed, it was far away from any railroad. Wegg saw the force of my argument, and insisted that Thompson abandon his idea and accept my proposition.
"Howld on a jiffy!" cried the Major, excitedly. "Did I understand you to say the Pierce-Lane Lumber Company?" "That was the firm, sir. I used to overhear my father and Will Thompson talking about this matter; but I must admit my knowledge is somewhat imperfect, because I never was allowed to ask questions.
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