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Updated: June 28, 2025
Under him, in the head-quarters staff at Angels, there was an auditor who also acted as paymaster, a general freight and passenger agent, and a superintendent of motive power. Operating the line as a branch of the P. S-W System, we can simplify the organization. We have consolidated the auditing and traffic departments with our Colorado-lines head-quarters at Denver.
"This time you are trying to make the tail wag the dog," said Lidgerwood. "Gridley has twice my backing in the P. S-W. board of directors. Besides, he is a good fellow; and if I go up on the mesa and try to stand him off for you, it will be only because I hope you are a better fellow." "Prop it up on any leg you like, only go," said Benson simply.
In a free fight on the Stock Exchange, a battle royal generaled by Brewster and Magnus in which every inch of ground had been sharply contested by brokers buying up P. S-W. in the interest of principals unnamed, a majority of the Southwestern stock safe but exceedingly narrow had been secured by the reconstructionists.
Of the rush to the Copah gold field; of the almost incredible celerity with which a stretch of one hundred and forty-odd miles of construction track was opened for the enormous traffic which was instantly poured in upon it; of the rapid extension of the line to a far western outlet; of the steady advance of P. S-W. shares to a goodly premium: these are matters which are recorded in the newspaper files of the period.
The owners, keen to make a killing out of the railroad company, threatened injunctions if the P. S-W. persisted in trespassing upon private property; and Ford, suspecting shrewdly that the mine men were set on by the Transcontinental people to delay the work on the new line, made haste to shift his responsibility to the legal shoulders.
But at the closing hour of the fifth day the demand was still good; and when Ford reached the hotel that night there was a telegram from Adair awaiting him. He tore it open and read it, with the blood pounding through his veins and a roar which was not of the street traffic drumming in his ears. P. S-W. closed at ninety-two to-day, and a Dutch syndicate will take the bonds.
"No, Ford; I hate to disappoint you, but I'm not the man you are looking for," he said, turning back to things present and in suspense, and speaking as one who would add a reason to unqualified refusal. "I've been looking over the ground while you were coming on from New York. It isn't in me to flog the Red Butte Western into a well-behaved division of the P. S-W."
With P. S-W. stock at thirty-eight and steadily declining; with another dividend about to be passed; and with the certainty that the July interest on the bonds will have to be defaulted unless some compromise can be effected with the bondholders " "What's that you're saying?" broke in Mackie, whose P. S-W. holdings were large. Ford drew a folded paper from his pocket and laid it on the table.
Gridley had a painter go down in the night and change the lettering on our old crane and on this new one. It happened that they were both made by the same manufacturing company, and were of substantially the same general pattern. I suppose the P. S-W. yard crew didn't notice particularly that the crane they had lent us out of the through westbound freight had shrunk somewhat in the using.
If President Colbrith and his associates can be made to see that the multiplication of two by two gives an invariable resultant of four, there will be no receivership for the P. S-W. this year, or next." "Show me," said the auditor. Ford hesitated for a moment. Then he took a packet of papers, estimates, exhibits and fine-lined engineer's maps from his pocket and tossed it across the table.
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