Like the way of an eagle in the air or the way of a man with a maid, the ways
of a mining promoter must be shrouded in mystery and doubt. For when he wants to
buy, no man will sell; and when he wants to sell, no man will buy; and when he
will neither buy nor sell he is generally suspected of both. Wiley Holman had
two fights and a charge of buckshot to prove that he wanted the Paymaster, and
the fact that he had refused a half interest for nothing to prove that he did
not want it. Also he had sold his tax-title to the property for the sum of one
hundred dollars. What then did it signify when he bought Virginia’s
despised stock for four hundred dollars, cash down? The man who could answer
that could explain the way of a man with a maid.
Samuel J. Blount made the claim–and he had his pile to prove
it–that he could think a little closer than most men. A little closer, and
a little farther; but the Paymaster had been his downfall. He had played the
long game to get possession of the mine, only to find he had bought a white
107elephant. Every day
that he held it he had thrown good money after bad and he sent out a search
party for Wiley Holman. Wiley had refused half the mine, but that only proved
that half of the mine did not appeal to him–perhaps he would take it all.
Samuel J. had been a student for a good many years in the school of predatory
business and he had learned the rules of the game. He knew that the buyer always
decried the goods and magnified each tiny defect, whereas the seller by as
natural a process played up every virtue to the limit. But any man who inspected
the goods was a potential buyer of the same, and Wiley had shown more than a
passing interest in the fate of the unlucky Paymaster. And Wiley was a mining
engineer.
They met in the glassed-in office of Blount in the ornate Bank of Vegas and
for a half an hour or more Wiley sat tipped back in his chair while Blount
talked of everything in general. It was a way he had, never to approach anything
directly; but Wiley favored more direct methods.
“I understood,” he remarked, bringing his chair down with a bang,
“that you wanted to see me on business?”
“Yes, yes, Wiley,” soothed Blount, “now please don’t
rush off–I wanted to see you about the Paymaster.”
“Well, shoot,” returned Wiley, “but don’t ask my
advice, unless you’re ready to pay for it.”
He tipped back his chair and sat waiting patiently 108while Blount unraveled his thoughts. He
could think closer than most men, but not quicker, and the Paymaster was a
tangled affair.
“I have been told,” he began at last, “that you are still
buying Paymaster stock. Or at least–well, a check of yours came through
here endorsed by Death Valley Charley, and Virginia Huff. Oh, yes, yes;
that’s your business, of course; but here’s the point I’m
coming to; it won’t do you any good to buy in that stock because
I’ve got a majority of it right here in my vault. If you want to control
the Paymaster, don’t go to someone else–I’m the man you want
to see.”
He tapped himself on the breast and smiled impressively, and Wiley nodded his
head.
“All right,” he said imperturbably, “when I want the
Paymaster Mine I’ll know right where to go.”
“Yes, you come to me,” went on Blount after a minute, “and
I’ll do the best I can.” He paused expectantly, but Wiley did not
speak, so he went on blandly, as before. “The stock, of course, is
nonassessable and the taxes are very small. I intend from now on to keep them
paid up, so there will be no further tax sales. The stock of Mrs. Huff, which I
now hold as collateral security, is practically mine already, as she has
defaulted on her first month’s interest and is preparing to leave the
state. Of course, there is the stock which your father is holding–as I
calculate, something over two hundred thousand shares–and what little
109remains outside;
but if you are interested in the mine I am the man to talk to, so what would you
like to propose?”
“Well,” began Wiley, and then he stopped and seemed to be lost in
thought. “I’ll tell you,” he said, “I was interested in
the Paymaster–I believe there’s something there; but I’ve got
some other propositions that I can handle a little easier, so if you don’t
mind we’ll wait a while.”
“No, but Wiley,” protested Blount as his man rose up to go,
“now just sit down; I’m not quite through. Now I know just as well
as you do that you take a great interest in that mine. Your troubles with Mrs.
Huff and Stiff Neck George prove conclusively that such is the case; and I am
convinced that, either from your father or some other source, you have valuable
inside information. Now I must admit that I’m not a mining man and my
management was not a success; but with your technical education and all the
rest, I am convinced that the results would be different. No, there’s no
use denying it, because I know myself that you’ve been buying up Paymaster
stock.”
“Sure,” agreed Wiley, “I bought four hundred dollars worth.
That would break the Bank of Vegas. But you’ve got lots of money–why
don’t you hire a competent mining man and go after that lost ore-body
yourself?”
“I may do that,” replied Blount easily, “but in the
meantime why not make me a reasonable offer, or take the mine on
shares?”
110“If the
Paymaster,” observed Wiley, “was the only mine in the world,
I’d make you a proposition in a minute. But a man in my position
doesn’t have to buy his mines, and I never work anything on
shares.”
“Well, now Wiley, I’ve got another proposition, which you may or
may not approve; but there’s no harm, I hope, if I mention it. You know
there’s been a difference between me and your father since–well,
since the Paymaster shut down. I respect him very much and have nothing but the
kindliest feelings towards him but he–well, you know how it is. But I have
been informed, Wiley, that since Colonel Huff’s death, your father has
been bidding for his stock. In fact, I have seen a letter written to Mrs. Huff
in which he offers her ten cents a share. Now, of course, if you want to gain
control of the company, I’m willing to do what’s right; and so,
after thinking it over, I have come to the conclusion that I will accept that
offer now.”
“Umm,” responded Wiley, squinting his eyes down shrewdly,
“how much would that come to, in all?”
“Well, twenty-one thousand, eight hundred dollars, for what I received
from Mrs. Huff; but of course–well, he’d have to buy a little more
of me in order to get positive control.”
“How much more?” asked Wiley, but Blount’s crooked mouth
pulled down in a crafty smile.
“We can discuss that later,” he suggested mildly. “Do you
think he will buy the stock?”
111“Not if he
takes my advice,” answered Wiley coldly. “I can buy the whole block
for eight hundred.”
“How?”
“Why, by loaning Mrs. Huff the eight hundred dollars with which to take
up her note.”
“I doubt it,” replied Blount, and his mild, deceiving eyes took
on the faintest shadow of a threat. “Mrs. Huff has defaulted on her first
month’s interest and, according to the terms of her note, the collateral
automatically passes to me.”
“Well, keep it, then,” burst out Wiley, “and I hope to God
you get stuck for every cent. Your old mine isn’t worth a
dam’!”
“Why–Wiley!” gasped Blount, quite shaken for the moment by
this disastrous piece of news, “what reason have you for thinking
that?”
“Give me a hundred dollars as an advising expert and I’ll tell
you–and show you, too.”
“No, I hardly think so,” answered Blount at last. “And,
Wiley, you don’t think so, either.”
“No?” challenged Wiley. “Well, you just watch my smoke and
see whether I do or not.”
He had closed the door before Blount dragged him back like a haggling,
relentless pawn-broker.
“Make me a proposition,” he clamored desperately, “and if
it’s anywhere in reason I’ll accept it.”
“All right,” answered Wiley, “but show me what you’ve
got–I don’t buy any cat in a bag.”
“And will you make me an offer?” demanded 112Blount hopefully. “Will you take
the whole thing off my hands?”
“I will if it’s good–but you’ll have to show me first
that you’ve got a controlling share of the stock. And another thing, Mr.
Blount, since our time is equally valuable, let’s cut out this
four-flushing stuff. If I’d wanted your mine so awfully bad I’d have
held on to it when the title was mine; but I turned it back to you, just to let
you look it over, and to keep the peace for once. But now, if you’re
satisfied, I might look it over; but it’ll be under a bond and lease. The
parties I represent are strictly business, and we make it a rule to tie
everything up tight before we put out a cent. I’ll want an option on every
share you have, and I can’t offer more than ten per cent royalty; but to
compensate for that I’ll agree to pay in full or vacate within six months
from date.”
“But how much?” demanded Blount, brushing aside all the details,
“how much will you pay me a share?”
“I’ll pay you,” stated Wiley, “what I paid Death
Valley Charley, and that’s five cents a share.”
“Five cents!” shrilled Blount, rising up in protest, yet jumping
at the price like a trout, “five cents–why, that’s practically
nothing!”
“Just five cents more than nothing,” observed Wiley judicially
and waited for Blount to rave.
“But your father,” suggested Blount with a knowing leer,
“is in the market at ten.”
“No, not in the market. He offered that to the 113Widow, but now the deal is off, because
all of her stock has changed hands.”
“Well, the stock is the same,” suggested Blount insinuatingly.
“Give me seven and a half and split the profits.”
“Now don’t be a crook,” rapped out Wiley angrily.
“Just because you would rob your own father doesn’t by any means
prove that I will.”
“Well, you certainly implied,” protested Blount with injured
innocence, “that this stock was to be sold to your father. And if it is
worth that to him, why is it worth less to you? You must be working
together.”
“No, we’re not,” declared Wiley. “I’m in on
this alone, and have been, from the start. And just to set your mind at
rest–he didn’t make that offer because he wanted the stock, but to
kind of help out the Widow.”
“Ah,” smiled Blount, and nodded his head wisely, but there was a
playful light in his eyes.
“Yes–ah!” flashed back Wiley, “and if you think
you’re so danged smart I’ll let you keep your old mine a few
months.”
He started for the door again but Blount dragged him back and laid a metal
box on the table.
“Well, let’s get down to business,” he said with quick
decision, and spread a heap of papers before his eyes. “There are all my
Paymaster shares, and if you’ll take them off my hands you can have them
for six cents, cash.”
“I said five,” returned Wiley, as he ran through 114the papers, “and an
option to buy in six months. But this stock of the Widow’s–I
can’t take that at any price–the Colonel isn’t legally
dead.”
“What?” yelled Blount, and sat down in a chair while he stared at
the inscrutable Wiley.
“His body was never found and, under the law, he can’t be
declared dead for seven years. Mrs. Huff had no right to sell his
stock.”
“Oh, but he’s dead, Wiley,” assured Blount. “Surely
there’s no doubt of that. They found his burro, and his letters and
everything; and where he had run wild through the sand. If that storm
hadn’t come up they would certainly have found his body–the Indian
trailers said so; so why stick on a technicality?”
“That’s the law,” said Wiley. “You know it yourself.
But of course, if you want to vote this stock at a Directors’ meeting we
can still do business on that lease.”
“Oh, my Lord!” sighed Blount, and after a heavy silence he rose
up and paced the floor. As for Wiley, he ran through the papers, making notes of
dates and numbers, and then grimly began to fill out a legal blank.
“There’s the option,” he said, passing over a paper,
“and I see now how you double-crossed my father. So you don’t need
to sign unless you want to.”
“Why–er–what’s that?” exclaimed Blount, coming
out of his abstraction as Wiley slapped down the bundle of certificates.
“I see by these endorsements,” replied Wiley, 115“that you sold out
before the panic and bought in all this stock afterwards.”
Blount started and a red line mounted up to his eyes as he hastily glanced
over the option.
“Well, I’ll sign it,” he mumbled, and reached for the pen,
but Wiley checked his hand.
“No, you ring for a notary,” he said. “I want that
signature acknowledged.”
The notary came and ran perfunctorily through his formula, after which he
left them alone.
“Now here’s the bond and lease,” went on Wiley curtly,
“so bring on your Board of Directors and let’s get this business
over. By rights I ought to kill you.”
There was a special meeting then of the Board of Directors of The Paymaster
Mining and Milling Company, and when the bond and lease was properly drawn up,
they signed it and had it witnessed. Then once more the tense silence came over
the room and Wiley rose to go.
“Well,” he said, “I’ve been waiting for ten years
just to get these papers in my hands. And now, you danged crook, just to hit you
where you live, I’m going to make a fortune.”
“A fortune!” echoed Blount, and then he clasped his hands and
sank down weakly in a chair. “I knew it!” he moaned, “I knew
it all the time–you’ve been trying to get that mine for months. But
what is it, Wiley? Have you located the lost vein? Oh, I knew it; all the
time!”
“Yes, you did,” jeered Wiley, “you didn’t know 116anything, except how to
grab hold of the stock. What good was it to you after you’d got the old
mine–you didn’t know what to do with it! All you knew was how to rob
the widow and the orphan and deprive better men of their good name. You wait
till I tell my Old Man about this–and how you were selling him out, all
the time. If it wasn’t for you he’d never been called Honest John by
a bunch of these tin-horns and crooks. But I’ll show you who’s
honest–I’m going to skin you alive for what you did to my father.
You wait till I make my clean-up!”
“But what is it, Wiley?” cried Blount, despairingly. “Have
you really discovered the lost vein?”
“No,” grinned Wiley, “but I’ve consulted an expert
and he tells me the mine is worth millions!”
“What–millions?” burst out Blount, struggling up to his
feet. “Now here, Wiley Holman; I want that option back! You secured it by
fraud and misrepresentation and by concealment of the actual facts. I’ll
have the law on you–I’ll break the contract–you came here with
intent to defraud!”
“Don’t you think it!” returned Wiley, thrusting out his
lip. “You thought you were trimming me, like taking candy from a baby. Why
didn’t youget an expert? I offered to hire out to you,
myself!”
“Oh–hell!” choked Blount. “Well, tell me the
worst–where was it he told you to dig?”
“Why right down the shaft,” answered Wiley blandly.
“He’s a new kind of mining expert and he locates the gold by
electricity.”
117“By
electricity!” exclaimed Blount, and as he perceived Wiley’s smile he
straightened up in a rage. “I don’t believe a word of it. Who is
this man, anyway? I never heard of such a thing before!”
“Oh, yes!” said Wiley, as he stepped out the door, “you
know the professor well. They call him Death Valley Charley.”