“What did you say to that?” asked Hinckley.
“I informed him,” said Jim, “that I was from Missouri, or words to that effect; and that my own impression was, the majority of the stock in our concerns would control. My present view is that he’s showing me.”
A ghost of a smile went round at this, and Jim began reading Cornish’s letter.
“Events of the recent past convince me,” the secessionist had written, “that no good can come from the further continuance of our syndicate. I therefore propose to sell all my interest in our various properties to the other members, and to retire. Should you care to consider such a thing, I am prepared to make you an alternative offer, to buy your interests. As the purchase of three shares by one is a heavier load than the taking over of one share by three, I should expect to buy at a lower proportional price than I should be willing to sell for. As the management of our enterprises seems to have abandoned the tried principles of business, for some considerations the precise nature of which I am not acute enough to discern, and as a sale to me would balk the very benevolent purposes recently avowed by you, I assume that I shall not be called upon to make an offer.
“There is at least one person among those to whom this is addressed who knows that in beginning our operations in Lattimore it was understood that we should so manage affairs as to promote and take advantage of a bulge in values, and then pull out with a profit. Just what may be his policy when this reaches him I cannot, after my experience with his ability as a lightning change artist, venture to predict; but my last information leads me to believe that he is championing the utopian plan of running the business, not only past the bulge, but into the slump. I, for one, will not permit my fortune to be jeopardized by so palpable a piece of perfidy.
“I may be allowed to add that I am prepared to take such measures as may seem to my legal advisers best to protect my interests. I am assured that the funds of one corporation will not be permitted by the courts to be donated to the bolstering up of another, over the protest of a minority stockholder. You may confidently assume that this advice will be tested to the utmost before the acts now threatened are permitted to be actually done.
“I attach hereto a schedule of our holdings, with the amount of my interest in each, and the price I will take. I trust that I may have an answer to this at your earliest convenience. I beg to add that any great delay in answering will be taken by me as a refusal on your part to do anything, and I shall act accordingly.
“Very respectfully,
“J. Bedford Cornish.”
“Huh!” ejaculated Harper, “would he do it, d’ye think?”
“He’s a very resolute man,” said Hinckley.