Cappy Ricks Part 46

bad wather down on the East African Coast, I'm thinkin', and it raised h.e.l.l wit' her. 'Tis the expinse av retubin' her condensers that always frightened ould Webb, and whin he lost conthrol the blatherskite b.o.o.by av a port ingineer the new owners app'inted come down to the ship, looked her over, wit' niver a question to me that knew the very sowl av her, and reported to the owners that what she needed was another b'iler." And Terence Reardon laughed the short, mirthless chuckle of the man who knows.

"Then," Matt continued, "the money should be spent--"

"In retubing her condensers," declared the engineer emphatically. "Do that an' do a good job on her, an' she'll have shteam enough for thim fine big ingines av hers on thirty-two ton a day, an' less. An' have a care would ye buy her until she ships a new crank shaft. She's a crack in the web av the afther crank shaft ye could shtick a knife blade into.

She may run for years, but sooner or later some wan'll have a salvage claim agin ye if ye neglect it now. An', for the love av heaven, have nothin' to do wit' her big motor. 'Twas bur-rnt out by him that had her ahead av me--bad cess to him, whereiver he is! An' they did a poor, cheap job av windin' the armature agin. Ye'll be in hot wather wit' the electric-light system until ye put in a new motor.

"The rheostat on the searchlight niver was any good; and she may or may not need a new whistle--I dunno. Sure, the skipper niver blew it good an' long but the wanst; an', so help me, young man, I was lookin' at the shteam gauge whin he shtarted that prolonged blast--an' whin he finished the gauge had dhropped tin pounds! So up I go on the bridge to the ould man, an' says I to him, says I: 'Clear weather or thick fog, I'm tellin'

ye to lave that whistle alone if ye expect to finish the voyage. Wan toot out av it means a ton av coal gone to h.e.l.l an' a dhrop av blood out av the owner's heart! An' from that time on the best I iver hearrd out av that whistle was a sick sort av a sob."

Matt laughed as Terence Reardon's natural propensity for romancing came to the front. He thanked the chief for the latter's invaluable information, and, with a mental resolve to have Terence Reardon presiding over the engines of the Narcissus at no distant date, he returned to the city.

CHAPTER XLVII. THE TAIL GOES WITH THE HIDE

The following morning Matt called upon MacCandless, the general manager of the Oriental Steamship Company. Mr. MacCandless was a cold individual of Scotch ancestry, with a scent for a dollar a trifle keener than most; and Matt Peasley, young and inexperienced in business fencing, was never more aware of his deficiencies than when he faced MacCandless across the latter's desk. Consequently, he resolved to waste no words in vain parley. MacCandless was still looking curiously at Matt's card when the latter said:

"I called with reference to that big freighter of the Oriental Steamship Company--the Narcissus. Is she for sale?"

MacCandless smiled with his lips, but his eyes wore the eternal Show-me!

look. He nodded.

"Foolish of me to ask, I know," Matt continued complacently, "since it is a matter of common gossip that you would have been delighted to have sold her any time these past eight years."

Since MacCandless did not deny this Matt a.s.sumed that it was true and returned to the attack with renewed vigor.

"What do you want for her?"

"Are you acting as a broker in this matter or do you represent princ.i.p.als who have asked you to interview me? In other words, before I talk business with you I want to know that you mean business. I shall waste no time discussing a possible trade unless you a.s.sure me that you have a customer in sight. I am weary of brokers. I've had forty of them after that vessel from time to time, but no business ever resulted."

"Which is not at all surprising, considering the circ.u.mstances," Matt retorted. "If you cannot use her yourself you mustn't expect other people to be over-enthusiastic about owning her. However, I think I can find business for her, and I've come to buy her myself. You seem to think a lot of your time, so I'll conserve it for you. I'm the princ.i.p.al in this deal, and if you really want to get rid of her we'll do business in two minutes."

"Three hundred thousand dollars," MacCandless answered promptly.

"Listen," said Matt Peasley. "I have fifty thousand dollars of my own in bank this minute, but I will have to raise two hundred and fifty thousand more before I can afford to buy your vessel, even if we agree on that price, which does not seem probable. I'll give you two hundred and fifty thousand dollars for the steamer Narcissus; but when you turn her over to me I want a ship, not a piece of floating junk. You'll have to ship a new crank shaft, rewind the main motor, renew the Manila lines, overhaul the standing rigging, retube the condensers and dock her before handing her over to me. She's as foul as any hulk in Rotten Row."

"Why, that will cost in the neighborhood of forty thousand dollars--nearer fifty!" MacCandless declared.

"I know. But for three hundred thousand dollars I can go to Sweden, build a smaller vessel than the Narcissus, have her right up to date, with two-thousand-horsepower oil-burning motors in her; and the saving in s.p.a.ce due to motor installation, with oil tanks instead of coal bunkers, will enable me to carry fully as much cargo as the Narcissus.

Also, I'll burn six tons of crude oil a day to your forty tons of coal a day in the Narcissus. I'll employ eight men less in my crew, and have a cleaner, faster and better ship. The motor ship is the freighter of the future, and you know it. Your Narcissus is out of date, and I'm only offering you two hundred and fifty thousand dollars because I can use her right away."

"Young man," said MacCandless, "you talk like a person that means business, but you overlook the fact that this company is neither bankrupt nor silly. The directors will, I feel a.s.sured, agree to do all the work you specify, but the price must be three hundred thousand. That will leave us two hundred and fifty thousand dollars net."

"I'll split the difference with you."

MacCandless shook his head.

"Well, that ends our argument," Matt answered pleasantly, and took up his hat. "You can keep your big white elephant another eight years, Mr.

MacCandless. Perhaps some princ.i.p.al will come along then and make you another offer; and in the interim you can charge off about one hundred and fifty thousand dollars interest on the money tied up in the Narcissus. Fine business--I don't think!" He nodded farewell and started for the door.

"But you say you have but fifty thousand dollars," MacCandless protested.

"I said I'd have to get two hundred and fifty thousand dollars more.

Well, I'll do it."

"Quite a sum to raise these days," MacCandless remarked doubtfully.

"Well, if you'll give me a sixty-day option on the Narcissus at two hundred and seventy-five thousand dollars and agree to do the repairs on her, including dry-docking, cleaning and painting her up to the water line, I'll take a ten-thousand-dollar chance, Mr. MacCandless, that I can raise the money."

"Do you mean you'll give the Oriental Steamship Company ten thousand dollars for a sixty-day option?"

"I do; and I'll pay for the vessel as I raise the remainder of the money. Ten thousand dollars down for the option, to apply on the purchase price, of course, if the deal goes through, and to be forfeited to you if I fail to make the next payment on time."

"What will the next payment be?" the cautious MacCandless demanded.

"Twenty thousand dollars a month, with interest at six per cent. in deferred payments. You might as well be earning six per cent. on her as have her rusting holes in her bottom down there in Mission Bay. As she lies, you're losing at least six per cent. interest on her."

"There's reason in that," MacCandless answered thoughtfully. "You to insure the vessel as our interest may appear, bill of sale in escrow; and if you default for more than thirty days on any payment before we have received fifty per cent. of the purchase price you lose out and we get our ship back."

"Sharp business, but I'll take it, Mr. MacCandless. After I've paid half the money I can mortgage her for the remainder and get out from under your clutches. Put the buck up to your directors, get their approval to the option and contract of sale, notify me, and I'll be right up with a certified check for ten thousand dollars." And, without giving MacCandless time to answer, Matt took his departure.

"If I talked ten minutes with that man," he soliloquized, "he'd have the number of my mess. He'd realize what a piker I was and terminate the interview. But--I--think he'll meet my terms, because he sees I'm pretty young and inexperienced, and he figures he'll make ten or twenty thousand dollars out of me before I discover I'm a rotten promoter. And, at that, his is better than an even-money bet!"

At five o'clock that same day MacCandless telephoned.

"I have called a special meeting of our directors, Captain Peasley," he announced, "and put your proposition up to them. They have agreed to it, and if you will be at my office at ten o'clock to-morrow I think we can do business."

"I think so," Matt answered. "I'll be there."

He hung up, reached for a telegraph blank and wrote the following message:

San Francisco, July 28, 1914.

Terence Reardon, Chief Engineer, S. S. Arab, Port Costa, California.

Have bought Narcissus. Offer you one hundred seventy-five a month quit Arab now and supervise installation new crank shaft, retubing condensers, and so on; permanent job as chief. Do you accept? Answer immediately.

PACIFIC SHIPPING COMPANY, Matthew Peasley, President.

Having dispatched this message, Matt Peasley closed down his desk, strolled round to the Blue Star Navigation Company's offices, and picked up his newly acquired father-in-law. On their way home in Cappy's carriage the old gentleman, apropos of the afternoon press dispatches from Europe, remarked that the situation abroad was anything but encouraging.

"Do you think we'll have a war in Europe?" Matt queried.

"Germany seems determined to back up Austria in her demands on Serbia, and I don't think Serbia will eat quite all of the dish of dirt Francis Joseph has set before her," Cappy answered seriously. "Austria seems determined to make an issue of the a.s.sa.s.sination of the Archduke Ferdinand and his wife. If she does, Matt, there'll be the most awful war in history. All Europe will be fighting."

Matt was silent and thoughtful all the way home, but just before they left the carriage he turned to Cappy.

"If there's war," he remarked, "England will, doubtless, control the seas because of her superior navy. German commerce will absolutely cease."