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Updated: June 2, 2025
"What'd we do without Kate an' Mary? They keep the boys sweet, mistress! And Kate's as good as a boy any day when it comes to looking out for herself; while as I came through the stumpage Mary was working with the best of 'em to pull roots and fire-weed." "The boys want a stump-burning as soon as possible. Jonas got the new lot near cleared. There's only the rubbish to burn." "Good idea.
One for mining timber stulls, logs, and that sort of thing, for the Machol Mine at Idaho Springs; one for the Tramway company in Denver for two thousand ties to be delivered in June; one for " "I don't mean that sort. Are there any stumpage contracts?" "Only one, sir." "One? What!" "The one you signed, sir, to Thayer and Blackburn, just a week or so before you started out West.
We're a body of returned men engaged in making homes and laying the foundation for a competence by our joint efforts. You would really lose by selling out to us. We would only buy on stumpage. If you were a broker I would offer you so much, and you could take it or leave it. It would be all one to us. We have a lot of standing timber ourselves. But we're putting in a shingle mill now.
"Then," said he slowly and distinctly, "I'll tell you what I'll do. I intend to collect in full the four dollars a thousand for the three million and a half Mr. Radway has delivered to you. In return Mr. Radway will purchase of you at the stumpage rates of two dollars a thousand the million and a half he failed to put in.
At the stumpage rate your million and a half which Radway 'appropriated' would be only three thousand. But for the sake of argument, we'll take the actual sum you'd have received for saw logs. Even then the million and a half would only have been worth between eight and nine thousand.
"If you've got a lease, or anything else, I want to look at it." "You know your own writing, don't you?" The sheriff was fishing in his pockets. "Of course." "You'd admit it if you saw it?" "I'm not trying to hide anything. But I know that I've not given any lease, and I've not sold any stumpage and " "Then, what's this?"
You know you've been holding it to block me and force me to buy at your figure." "That's why I bought it," the other admitted smilingly. "Then, before I realized my position, you checkmated me with that quarter-section in the valley, and we've been deadlocked ever since." "I'll give you a dollar a thousand stumpage for your timber, Bill." "I want a dollar and a half."
Not until then did Bill Henderson realize that John Cardigan had called his bluff whereat he cursed himself for a fool and a poor judge of human nature. He had tried a hold-up game and had failed; a dollar a thousand feet stumpage was a fair price; for years he had needed the money; and now, when it was too late, he realized his error.
That stumpage on number eight is mostly cedar and hackmatack, and I've got an offer from the folks that want sleepers for the railroad extension." He went on with facts and figures, but the Cap'n listened with only languid interest. He kept sighing and wrinkling his brows, as though in deep rumination on a matter far removed from the stumpage question.
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