to put your money. Can you go with me for a drive?"
"Very gladly. But first, I want to arrange to bring to Cairo what money
I have. I may not want to invest it all here, but it will be handy to
have it here. I should like to put it into your bank as a deposit. But I
must draw on New York for it, and get you to take my draft. Won't you
direct your cashier to telegraph the Fourth National Bank of New York,
asking for what amount my drafts on that institution will be honored?
Then, when we get back from our drive, I'll draw for the money and place
it on deposit with your bank, where I can put my hands upon it when
necessary."
The telegram was sent, and then Tandy took Temple in his carriage--one
of the best in Cairo at that time--and showed him all there was of
resource in the town, lecturing, meanwhile, on the prospects of Cairo as
a future great commercial and manufacturing center. He showed him all
there was to be shown, and then said to him:
"Now, I'm an apostle of Western development, but still more I'm an
apostle of the development of Cairo. I'm a bull on the country, and a
bull on this city. There is much to be done, and it will require the
investment of a great deal of money. But the investments will pay as
nothing else promises to do. We must have grain elevators, and mills,
and all the rest of it. We've two big flour mills already, and there
will be two or three more within a year. They must have barrels by
thousands and tens of thousands. Now a man of your intelligence must see
that empty barrels, being bulky, are costly things to transport over
long distances, while the mills must buy them at the lowest possible
price. Otherwise they can't sell flour in competition with the mills of
other cities. So the necessity of having a big barrel factory here is
obvious, and so is the profit. I am just forming a company for that
purpose. We have abundant timber right at hand, just across the two
rivers, in Missouri and Kentucky. We can make barrels at less cost than
they can be had for in any other city, while we have a local market that
will be unfailing. The company is capitalized at twenty-five thousand
dollars, and a good part of it is already subscribed."
He did not say that none of it had been paid for yet, and that he was
unsuccessfully trying to find buyers for it.
"It's a sure thing. The profits will be large from the beginning, and
the stock, as soon as the factory is in operation, will jump up fifty
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