C.O. If that road is not built,
Cardigan's timber in Township Nine will be valuable to us, but not to
another living soul. Moreover, the Trinidad Redwood Timber Company
has a raft of fine timber still farther north and adjoining the
holdings of our company and Cardigan's, and if this infernal N.C.O.
isn't built, we'll be enabled to buy that Trinidad timber pretty
cheap one of these bright days, too."
"All of which appears to me to constitute sound business logic, Uncle
Seth."
He nodded. "Item three," he continued, and ticked it off on his third
finger: "I want to see the feeder for a transcontinental line built
into Sequoia from the south, for the reason that it will tap the
Cardigan holdings in the San Hedrin watershed and give a tremendous
value to timber which at the present time is rather a negative asset;
consequently I would prefer to have that value created after
Cardigan's San Hedrin timber has been merged with the assets of the
Laguna Grande Lumber Company."
"And so--"
"I must investigate this N.C.O. outfit and block it if possible--and
it should be possible."
"How, for instance?"
"I haven't considered the means, my dear. Those come later. For the
present I am convinced that the N.C.O. is a corporate joke, sprung on
the dear public by the Trinidad Redwood Timber Company to get the
said dear public excited, create a real-estate boom, and boost
timber-values.
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