XVII The Possible Investor

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The slender, mild-mannered young man to whom Symes was introduced in the office of Mudge, the promoter, was not a person Symes himself would have singled out as one entrusted with the handling and investment of the funds of a great estate. He had a slight impediment of speech, he was modest to diffidence, and modesty and money was a combination not easy for Symes to conceive, but Mudge had said anxiously upon Symes's arrival:

"I hope you make a good impression, Symes, and can put the proposition up to him right, because if we can land him at all we may be able to land him for the whole cheese, and it will take a load off me if we can. It's gettin' harder all the time to place these bonds; money is tighter and people seem leary of irrigation projects.

"I had no idea so many people had been pecked in the head until I began to handle this proposition. They're damned suspicious I can tell you. It's nearly as easy to sell mining stock and, compared to that, peddling needles and pins from door to door is a snap. Talk it up big but don't overdo it, for J. Collins Prescott is no yap."

"Leave him to me," Symes had replied confidently; "don't worry. If he has got real money and is looking for a place to put it, I'll see that he finds it." And Mudge, noting the warmth of his grasp, the heartiness of his big voice, the steady frankness of the look which the westerner sent into Prescott's eyes, felt that Symes was the man to do the trick and congratulated himself upon his wisdom in sending for him.

"I—I've been looking through your prospectus, Mr. Symes," said J. Collins Prescott after he had been duly presented with a cabana by that gentleman, "and it is v-very attractive, I might say a-alluring."

Symes beamed benignly.

"You think so? I tell Mudge there's one fault I have to find with it—it's too conservative."

"A good fault," commended Mr. Prescott.

"Yes, yes, of course, better that than overdrawn, and then it's always an agreeable surprise to investors when they come out and look the proposition over. If you are thinking seriously of this thing, Mr. Prescott, I wish you could arrange to return with me. I invariably advise it. Mr. Mudge tells me you have some idle money and I feel sure that you could not place it where you'd get bigger returns."

"W-western irrigated lands have a-always interested me c-considerably," admitted Mr. Prescott, "but heretofore the estate which I represent has confined itself chiefly to the acquirement of water-power sites and their development. They—they're good investments in your opinion?"

"Undoubtedly," was Mr. Symes's emphatic reply. "Very; but they're gettin' scarce, while the irrigating of arid lands is as yet in its infancy."

"E-exactly. I feel that we should begin reaching out along those lines, and although I am not greatly c-conversant with investments of this nature, I can readily see their possibilities."

"No limit!" declared Symes. "Nothin' but! Takes capital of course, but the returns are big and sure. That's what we are all looking for."

"I know little if anything of the actual construction of a ditch, but I should presume that the personnel of the m-management would count for much," ventured Mr. Prescott.

"Rather!" Symes replied abruptly, "and if I may say so—if you will pardon me—the name of Symes is a valuable asset to any enterprise—prestige, you know, and all that."

Prescott looked slightly mystified.

"The Symes of Maine—grandfather personal friend of Alexander Hamilton's—father one-time Speaker of the House; naturally the name of Symes stands for something."

Not a muscle of J. Collins Prescott's face moved, but Mudge, watching him keenly, felt uncomfortable and a sudden annoyance at Symes's childish boastings, for so they sounded in Prescott's presence. Symes seemed unable to realize the importance of the unassuming young man who listened so attentively but non-committally to all that he was saying, and in the light of their relative positions Mudge felt that Symes was making himself a trifle ridiculous.

"Ah, yes," Prescott replied courteously, "Symes is a notable name, but I was considering the management from a business rather than a social point of view. You have a w-wide experience in this line? You c-can, I presume, furnish credentials as to past successes, Mr. Symes?"

Symes's natural impulse was to reply, "Certainly, to be sure, years of experience, delighted to furnish anything you like," but something, the voice of caution or Mudge's warning look, induced him to say instead:

"I can't say a wide experience, Mr. Prescott, not truthfully a wide one, but some, of course, in fact considerable. Experience isn't really necessary; horse-sense is the thing, horse-sense, executive ability and large-mindedness—these qualifications I think I may conscientiously say I possess."

"I—I see."

Mudge pulled nervously at his mustache.

"As a matter of fact," continued Mr. Symes, "I never permit myself to be identified with failures. When I see that things are shootin' the chutes I pull out." Mr. Symes laughed heartily. "I get from under."

"V-very wise." For an instant, the infinitessimal part of a second, there was a glint of amusement in Prescott's mild eyes and, as he added, Mudge once more felt that uncomfortable warmth under his collar, "Symes and success are synonymous terms, I infer."

Symes laughed modestly.

"But to get down to business,"—there was a suggestion of weariness in Prescott's tone—"the water supply is ample?"

"Oceans! Worlds of it, I might say."

"The water rights perfect—stand the severest legal scrutiny?"

"Absolutely!"

"Only engineers of recognized ability consulted and employed upon a project of such magnitude, I infer?"

Mr. Symes's hesitation was so slight as to be scarcely perceptible.

"The best obtainable."

"And approximately 200,000 acres of segregated land can be reclaimed under your project?"

"Every foot of it."

"At an expense of $250,000, according to the figures in your prospectus?"

"That's our estimate and the amount of our bond issue."

"You believe you will have no difficulty in disposing of this land at $50 an acre?"

"Dispose of it? They'll fight for it! Why," declared Mr. Symes, striking at the air with a gesture of conviction, "the whole country is land hungry."

"It's a liberal return upon the investment," murmured Prescott.

"It's a big thing! And think of the Russian Jews."

"Pardon me?"

"Colonization, you know, hundreds of Russian Jews out there raising sugar-beets for the sugar-beet factory, happy as larks."

"To be sure—I had forgotten." Mr. Prescott reached for a prospectus upon the table at his elbow and looked at the picture of a factory with smoke pouring from myriad chimneys and covering nothing short of an acre.

"The soil is deep then—strong enough to stand sugar-beets?"

"Rotation of crops—scientific farming," explained Symes, "gives it a chance to recover."

Prescott nodded.

"I see. The length of the ditch is——"

"Thirty-five miles and a fraction."

"What is the normal width and what amount of water does it carry?"

"Sixty-five feet and it carries six feet of water."

"What is the slope?"

"Two and a half feet per mile."

"How much water to the acre is applied in your State?"

Symes was showing some surprise. For a man who was not familiar with irrigation projects Prescott was asking decidedly pertinent questions, but Symes answered glibly—

"A cubic foot per second to each seventy acres."

"And the yardage? What are your engineer's figures on the yardage?"

Symes cleared his throat—a habit which manifested itself when he was nervous—

"It can be moved for ten to fifteen cents a cubic yard."

"C-cheap enough." Prescott looked at him with interested intentness. "And the loose rock?"

"Twenty-five to thirty." Symes stirred uneasily in his chair.

"And the cuts? the solid rock?"

"Fifty to sixty cents," Symes replied after an instant's hesitation.

"Ah, soft rock. These are your engineer's figures, of course?"

"Of course," Symes answered curtly, and added: "I should say that you had a good deal of practical knowledge of such matters, Mr. Prescott."

Prescott answered easily—

"Superficial, v-very superficial, just a little I picked up in railroad construction."

There were more questions as to loss of water by seepage, air and subsoil drainage, drops, earth canals, character and depth of soil, possibilities of alkali, all of which questions Symes answered readily enough, but which at the conclusion left Symes with the exhausted feeling of a long session on the witness stand.

"There are still something like $150,000 worth of bonds in the market, I believe?"

"Approximately." It was Mudge who spoke up hopefully.

"And there is no doubt in your mind, Mr. Symes, but that with this amount you can finish the work at the specified time and in a manner satisfactory to the State engineers?"

Symes jingled the loose change in his trousers pockets and replied with a large air of confidence—

"None whatever, sir."

Mr. Prescott arose and stood for a moment thoughtfully stroking the back of one gray suede glove with the tips of the other.

"I—I will take the matter up with my p-people and give you their decision shortly."

His eyes were lowered so he did not see the look which made Symes's face radiant for an instant, but he may have imagined it was there, for his lips curved in ever so faint a smile.

"It has been a p-pleasure to meet you, Mr. Symes." Prescott extended a gray suede hand. "I do not feel that the hour has been wasted, since I have learned so m-much."

"Ask any question that occurs to you: my time is at your disposal as long as I am here." Symes shook his hand heartily in a strong western grip. "Great pleasure to converse with a gentleman again, I assure you."

Symes and Mudge looked at each other when the door had closed upon his back.

"Tractable as a kitten!" exclaimed Symes, beaming.

"Think so?" Mudge did not seem greatly elated.

"Why, yes; don't you?" Symes looked surprised.

"'Tractable' isn't just the word I'd ever apply to Prescott," he answered dryly. "You don't understand his kind."

"You're wrong there," Symes answered with asperity. "But don't you think we're goin' to land him?"

Mudge shrugged his shoulders.

"I'll bet you a hat!" cried Symes confidently. "I know the difference between a nibble and a bite. I tell you Prescott's hooked."

"I hope you're right"—Mudge's tone was doubtful—"but get it out of your head that he's an easy mark. I know that outfit; they're conservative as a country bank. Prescott didn't ask questions enough."

"Didn't ask questions enough? Lord amighty, he was cocked and primed."

Mudge smiled grimly.

"Not for Prescott. Besides, it's not like them to go into a proposition like this without further investigation. If they'd send an engineer back with you I'd begin to hope."

"Bosh!" Symes exclaimed impatiently. "My name counts for something in a game like this."

Mudge was unresponsive.

"Gentlemen understand each other," Symes went on complacently, "intuition—hunch—kind of a silent sympathy. I tell you, Mudge, I'm goin' to win a hat off you."

After leaving the office of Mudge, the promoter, J. Collins Prescott, sauntered into a secluded waiting room in a near-by hotel and sank into the depths of a huge leather chair. He took a voluminous type-written report from the pocket of his fashionable top-coat and fell to studying it with interest and care. He was engrossed in its contents for nearly an hour, and when he had finished he replaced it in his pocket. Then he sauntered to the telegrapher's station in the corner of the hotel office and wrote upon a blank with swift decision a telegram which seemed a trifle at variance with the almost foppish elegance of his appearance. The telegram read:

Crooked as a dog's hind leg. Buy.


                                                                                                                                                                                                                                                                                                           

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