“I want a dollar and a half.”
“A dollar is my absolute limit.”
“Then I'll keep my timber.”
“And I'll keep my money. When I finish logging in my present holdings, I'm going to pull out of that country and log twenty miles south of Sequoia. I have ten thousand acres in the San Hedrin watershed. Remember, Bill, the man who buys your timber will have to log it through my land—and I'm not going to log that quarter-section in the valley. Hence there will be no outlet for your timber in back.”
“Not going to log it? Why, what are you going to do with it?”
“I'm just going to let it stay there until I die. When my will is filed for probate, your curiosity will be satisfied—but not until then.”
The other laughed. “John,” he declared, “you just haven't got the courage to pull out when your timber adjoining mine is gone, and move twenty miles south to the San Hedrin watershed. That will be too expensive a move, and you'll only be biting off your nose to spite your face. Come through with a dollar and a half, John.”
“I never bluff, Bill. Remember, if I pull out for the San Hedrin, I'll not abandon my logging-camps there to come back and log your timber. One expensive move is enough for me. Better take a dollar, Bill. It's a good, fair price, as the market on redwood timber is now, and you'll be making an even hundred per cent, on your investment. Remember, Bill, if I don't buy your timber, you'll never log it yourself and neither will anybody else. You'll be stuck with it for the next forty years—and taxes aren't getting any lower. Besides, there's a good deal of pine and fir in there, and you know what a forest fire will do to that.”
“I'll hang on a little longer, I think.”
“I think so, too,” John Cardigan replied. And that night, as was his wont, even though he realized that it was not possible for Bryce to gain a profound understanding of the business problems to which he was heir, John Cardigan discussed the Squaw Creek timber with his son, relating to him the details of his conversation with the owner.