The Riverman Part 45

Taylor laughed.

"Laugh all you please," rejoined Orde, "but I tell you Michigan and Wisconsin pine is doomed. Twenty or thirty years from now there won't be any white pine for sale."

"Nonsense!" objected Taylor. "You're talking wild. We haven't even begun on the upper peninsula. After that there's Minnesota. And I haven't observed that we're quite out of timber on the river, or the Muskegon, or the Saginaw, or the Grand, or the Cheboygan--why, Great Scott! man, our children's children's children may be thinking of investing in California timber, but that's about soon enough."

"All tight," said Orde quietly. "Well, what do you think of Indiana as a good field for timber investment?"

"Indiana!" cried Taylor, amazed. "Why, there's no timber there; it's a prairie."

"There used to be. And all the southern Michigan farm belt was timbered, and around here. We have our stumps to show for it, but there are no evidences at all farther south. You'd have hard work, for instance, to persuade a stranger that Van Buren County was once forest."

"Was it?" asked Taylor doubtfully.

"It was. You take your map and see how much area has been cut already, and how much remains. That'll open your eyes. And remember all that has been done by crude methods for a relatively small demand. The demand increases as the country grows and methods improve. It would not surprise me if some day thirty or forty millions would const.i.tute an average cut. [*] 'Michigan pine exhaustless!'--those fellows make me sick!"

* At the present day some firms cut as high as 150,000,000 feet.

"Sounds a little more reasonable," said Taylor slowly.

"It'll sound a lot more reasonable in five or ten years," insisted Orde, "and then you'll see the big men rushing out into that Oregon and California country. But now a man can get practically the pick of the coast. There are only a few big concerns out there."

"Why is it that no one--"

"Because," Orde cut him short, "the big things are for the fellow who can see far enough ahead."

"What kind of a proposition have you?" asked Taylor after a pause.

"I can get ten thousand acres at an average price of eight dollars an acre," replied Orde.

"Acres? What does that mean in timber?"

"On this particular tract it means about four hundred million feet."

"That's about twenty cents a thousand."

Orde nodded.

"And of course you couldn't operate for a long time?"

"Not for twenty, maybe thirty, years," replied Orde calmly.

"There's your interest on your money, and taxes, and the risk of fire and--"

"Of course, of course," agreed Orde impatiently, "but you're getting your stumpage for twenty cents or a little more, and in thirty years it will be worth as high as a dollar and a half." [*]

* At the present time (1908) sugar pine such as Orde described would cost $3.50 to $4.

"What!" cried Taylor.

"That is my opinion," said Orde.

Taylor relapsed into thought.

"Look here, Orde," he broke out finally, "how old are you?"

"Thirty-eight. Why?"

"How much timber have you in Michigan?"

"About ten million that we've picked up on the river since the Daly purchase and three hundred million in the northern peninsula."

"Which will take you twenty years to cut, and make you a million dollars or so?"

"Hope so."

"Then why this investment thirty years ahead?"

"It's for Bobby," explained Orde simply. "A man likes to have his son continue on in his business. I can't do it here, but there I can. It would take fifty years to cut that pine, and that will give Bobby a steady income and a steady business."

"Bobby will be well enough off, anyway. He won't have to go into business."

Orde's brow puckered.

"I know a man--Bobby is going to work. A man is not a success in life unless he does something, and Bobby is going to be a success. Why, Taylor," he chuckled, "the little rascal fills the wood-box for a cent a time, and that's all the pocket-money he gets. He's saving now to buy a thousand-dollar boat. I've agreed to pool in half. At his present rate of income, I'm safe for about sixty years yet."

"How soon are you going to close this deal?" asked Taylor, rising as he caught sight of two figures coming up the walk.

"I have an option until November 1," replied Orde. "If you can't make it, I guess I can swing it myself. By the way, keep this dark."

Taylor nodded, and the two turned to defend themselves as best they could against Clara's laughing attack.

x.x.xI

Orde had said nothing to Newmark concerning this purposed new investment, nor did he intend doing so.

"It is for Bobby," he told himself, "and I want Bobby, and no one else, to run it. Joe would want to take charge, naturally. Taylor won't. He knows nothing of the business."

He walked downtown next morning busily formulating his scheme. At the office he found Newmark already seated at his desk, a pile of letters in front of him. Upon Orde's boisterous greeting his nerves crisped slightly, but of this there was no outward sign beyond a tightening of his hands on the letter he was reading. Behind his eye-gla.s.ses his blue, cynical eyes twinkled like frost crystals. As always, he was immaculately dressed in neat gray clothes, and carried in one corner of his mouth an unlighted cigar.

"Joe," said Orde, spinning a chair to Newmark's roll-top desk and speaking in a low tone, "just how do we stand on that upper peninsula stumpage?"

"What do you mean? How much of it is there? You know that as well as I do--about three hundred million."

"No; I mean financially."