FREE BOOKS

Author's List




PREV.   NEXT  
|<   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94  
95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   >>   >|  
neration still survived. No one could do anything in a quarter of an hour. Nearly all tasks were done by Negroes who had forgotten how to work, or by white people who had never learned. But the colonel had already seen the reviving effect of a little money, directed by a little energy. And so he planned to build a new and larger cotton mill where the old had stood; to shake up this lethargic community; to put its people to work, and to teach them habits of industry, efficiency and thrift. This, he imagined, would be pleasant occupation for his vacation, as well as a true missionary enterprise--a contribution to human progress. Such a cotton mill would require only an inconsiderable portion of his capital, the body of which would be left intact for investment elsewhere; it would not interfere at all with his freedom of movement; for, once built, equipped and put in operation under a competent manager, it would no more require his personal oversight than had the New England bagging mills which his firm had conducted for so many years. From impulse to action was, for the colonel's temperament, an easy step, and he had scarcely moved into his house, before he quietly set about investigating the title to the old mill site. It had been forfeited many years before, he found, to the State, for non-payment of taxes. There having been no demand for the property at any time since, it had never been sold, but held as a sort of lapsed asset, subject to sale, but open also, so long as it remained unsold, to redemption upon the payment of back taxes and certain fees. The amount of these was ascertained; it was considerably less than the fair value of the property, which was therefore redeemable at a profit. The owners, however, were widely scattered, for the mill had belonged to a joint-stock company composed of a dozen or more members. Colonel French was pleasantly surprised, upon looking up certain musty public records in the court house, to find that he himself was the owner, by inheritance, of several shares of stock which had been overlooked in the sale of his father's property. Retaining the services of Judge Bullard, the leading member of the Clarendon bar, he set out quietly to secure options upon the other shares. This involved an extensive correspondence, which occupied several weeks. For it was necessary first to find, and then to deal with the scattered representatives of the former owners. _Thirteen_ In e
PREV.   NEXT  
|<   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94  
95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   >>   >|  



Top keywords:

property

 

cotton

 

scattered

 

owners

 

require

 

shares

 

quietly

 
colonel
 

payment

 

people


amount
 

ascertained

 

considerably

 
forfeited
 

redemption

 

Thirteen

 

subject

 
lapsed
 

demand

 

unsold


remained

 

Retaining

 

services

 

Bullard

 
father
 
overlooked
 

inheritance

 

leading

 

member

 

occupied


involved

 
extensive
 
options
 

secure

 

Clarendon

 
correspondence
 

belonged

 

company

 

composed

 

widely


redeemable

 

profit

 
representatives
 

surprised

 

public

 

records

 
pleasantly
 
French
 
members
 
Colonel