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Updated: June 26, 2025
"You tipped them off! How did you know the British Government was going to clap an embargo on Australian wheat?" "Why, I didn't know," Redell confessed. "I just guessed it would; so I advised Ford than I did and I made a trifle more than twenty-four thousand dollars," "Is that so? Well, listen to me tell it; When you and I cashed in that day our deal was closed wasn't it?" "Yes."
Redell took up the telephone and called each shipowner, in turn, to inform him that he would exercise his option on the latter's ship, and for the owner to prepare charter parties and send them up to his office for signature. "I will have no difficulty in getting the owners to agree to an assignment of these charters to you," he advised Carter.
"Seventy-five thousand is the limit; but satisfy yourself she's worth the limit before you go to it." "And Redell is going to bid forty thousand, sir?" "That's his limit. He told me so in confidence when he felt certain I couldn't possibly be a competitor told it to me, and kidded me for a dead one at twenty minutes of one, when he knew I couldn't possibly have time to act.
"By to-morrow morning I shall have exercised those options and closed for thirteen cargoes of wheat," Redell explained. "You have five vessels bound to Australia also. Give me an option on them for their return cargo and that will make eighteen." "Yes, yes. Then what?" "I will charter all of the eighteen to Ford grain of it, in order to protect themselves against a falling market." "Naturally.
Cappy answered dismally. Redell had him hypnotized. Already Cappy could see the gates of the poorhouse opening to receive them all. Redell's voice brought him back to a realization of his peril. "You'll find, Cappy Ricks, that for months to come every sailing vessel that carries lumber to Australia from the Pacific Coast will come back with a cargo of wheat while these war prices are maintained."
As J. Augustus Redell had just pointed out, twenty minutes was scarcely ample time in which to decide on the right emissary to send to Papeete, get into communication with the said individual and induce him to go.
And Redell put his arm round the old man affectionately. "Good-bye." And, followed by Live Wire Luiz, who was going to the dock to see his partner aboard the Moana, Redell disappeared into California Street. "Dammit!" Cappy soliloquized bitterly. "I can't eat lunch now. One bite would choke me."
"This is perfectly re-markable!" Redell took a document from his pocket and gravely handed it to Cappy, who examined it and discovered the same to be a charter party, consummated the day before between the West Coast Trading Company, owners of the barkentine Mazeppa, and Messrs. Ford & Carter, a well known export and import firm whose principal business was done in grain.
His honor was clean again and for weeks he taunted Redell with the latter's inefficiency, insufficiency and general business debility, until, having extracted the last shred of triumph from the affair, a vague sympathy for Redell commenced to surge up in Cappy's kindly heart and he commenced casting about for an opportunity to do the former a favor.
"We'll take 'em all," Carter almost shouted at him. "They'll be arriving with sufficient time elapsing between arrivals to guarantee us immunity from any undue delay or embarrassment in loading them. We've bought the wheat and sold it; now give us the tonnage to freight it, Redell, and we'll all be happy, and a little richer than we were the day before yesterday."
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