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Updated: May 28, 2025
And, bein' secretary and treasurer of the Wellmouth Development Company, he had sent the fifty thousand its stockholders paid in after the rest of his stealin's. All there was left of that new Development Company was the land over here by Skoonic Creek.
Well, Raish found out what the Eagle Company was up to and he started bein' up to somethin' himself." Mr. Pulcifer, so Miss Phipps went on to say, conceived the idea of buying the Skoonic Creek property before the Eagle Company could do so. The principal difficulty was that just then his own limited capital was tied up in various ways and he lacked ready money.
The Denboro Trust Company has the Eagle Company's twelve hundred shares I don't know how it got 'em; a long snarled-up tangle of loans, and security for loans, and I don't know what and the rest of us have got ours. All that's back of those shares all that the Development Company owns is that Skoonic Creek property and that is goin' to be worth a lot some day maybe.
It had been communicated to him that he was to sell his own shares at a profit; if she waited she might do likewise. The president of the Denboro Trust Company had been very kind, but his counsel was not too encouraging. The Development shares were nonsalable at the present time, he said, but that did not mean that they were valueless. The Skoonic Creek property was good.
She told the story of the Wellmouth Development Company. It the story began when the Eagle Fish Freezing Company of Denboro, a concern then running and operating one large cold storage plant in that village, were looking about for a favorable spot upon which to build a second. The spot which appealed to their mind to purchase was the property at the mouth of Skoonic Creek in East Wellmouth.
They found that all that Skoonic Creek land was in the hands of Raish Pulcifer and Cap'n Jeth Hallett; those two either owned it outright or had options where they didn't own." At first the Eagle Company declined to have anything to do with the new owners. They declared the whole affair off, so far as the Skoonic Creek location was concerned, and announced their intention of going elsewhere.
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