“I’m counting some on organizing a similar concern myself,” said Carver. “Maybe a trifle smaller than yours just at first; and in order to make the start I’ve got to borrow somewhat. I’m owning a nine-hundred-dollar equity in that bunch of calves we made the deal for last spring. How about your lending me eight hundred against it?”
“But that would leave you owing me thirteen hundred on the bunch,” Hinman objected. “And right now those calves wouldn’t fetch that price on the market.”
“Set the date for maturity of the loan far enough ahead so they’ll grow into it,” Carver suggested. “Before it comes due they’ll have advanced way beyond that figure. Then if I don’t pay up you can close me out at a profit.”
“Now ain’t that a fact!” Hinman exclaimed admiringly. “There was a time, Buddy, when I marvelled at your ability to shed a season’s wages overnight. It does look now as if you might also learn me a few tricks on the reverse side of things. You’ve got a business mind.”
He produced a check book and a stub of pencil.
“How long do you want this loan to run?” Carver asked.
“According to your own figures the longer it runs the more I stand to make,” said Hinman. “So I don’t know as it makes much difference. It does appear as if you’d let me in on a pretty good thing—so set the date yourself.”
“One year from to-day,” Carver decided.
“What do you aim to do with all this money?” Hinman inquired. “Setting out to break the bank in the Gilded Eagle?”
“I’ve purchased a building,” Carver proclaimed.