The evening world. Newspaper, July 14, 1916, Page 11

26g ae IONE a Oa A RO IR i AR NR AOS ORE RR, 9 | Kivall rrr Ce a a mo CHAPTERS = te O80 8 wet, CHAPTER VI. Pontinued.) O what was the country com- What, indeed! The city’s industries were being destroyed, Even the splen- g didly economic Idea of turn. i ing distillery offal and other actdulated compounds known as slop feed, into milk, which only formaldehyde could | prevent from becoming clabber over- night, was act at naught. Woe, woe, 4 woo, and anathoma! ‘ Into the midst of this vortex of de spalr, the Courtc. ond all the: other papers hurled the news of the won- derful new million dollar company which was to revolutionize the dairy busincas and render it as sanitary a & bottle of carbolle acid. Every * er spoke in glowing terms of the revolutionory new venture; the Courier because Henderson was in favor of anything which favorably af- fected the fortunes of any member of | the Vale family; and the other papers | because they favors 1 anything which favorably affected the fortunes of any member of the Sledge family. It was a way out! The dairymgn was to be allowed a salary for run- ning his own dairy, esgape all the ex? pense of ‘euetion, and become rich on his stock dividends besides. If any wavered, as many did, in apite + of the fact that the millennium had come, a gentio hint that Sledge thought they had better como into the ) * fold was suMciont to make them ap- ply, with vast enthusiasm, for etock in the new company; for It was gen- erally held as an axiom in tho city that business men who elther refused or noglected the advice of Sledge, eventually borrowed money with which to movo out of town. Dick Vale, with earnest enthusiasm, plunged into the business of making converts, and was astounded to find how easy it wae to solicit and obtain subscriptions for stock companies. Ripley started at the same work; but, after @ desultory day of It, decided , that be bad @ greater genius for or- ganization, and attended strictly to that branch of the business, doing most of his organizing in the poolroom of tho Beals Hotel. Every evening, | however, he was at the office to re- / ceive Dick's sheaf of applications and ebeck them over to present to Bendix upon the following noon as the com- bined results of bis and Dick's labors afield. : ‘A fow days after the first meeting the incorporators of the Allied Dairies ) Company received, through Mr, Dris- col, the august permission of the Btate to open its books for stock aub- scriptions. Mr, Bendix was not pros- ‘ent at the incorporators’ meoting, which was immediately called; but he was not at ail needed, since Mr, Driscol proved himself thoroughly ca- \ pable of conducting all ceremonies without assistanace. “For the time being,” said Mr. il ‘+ Driecol to them, “and in order that full subscription lst may be present ed to the State, and pending @ read- fustment of stock, you gentlemen wii ) each subscribe for five shares of ewe " common, and I shall take up the bal- ance of the common and all the py ferred.” | Ripley was so well pleased with the ingenuity of this method for hood- winking the law, though he did not } understand {t nor the reason for it, that bo winked jubilantly at Vale three separate tim once when the programme was stated, once when he @igned his name, and once when Dris- 4 col told the assembled gentlemen that be would let them know when he wanted them agam. Tm three weeks’ time the Allied Daries Company was fully organizes, ing? 2 Woo an y Cet Rich Qraiak By George Randolph Chester 5 (Males dete Bodo ds ls edd Se dnBdeds ndadedid ad Bide dodils > y worth of the preferred stock and five ‘pis Shares of it” The E ‘allingford”’ - tar were « ae the stock eubsoriptions poerned ick 4 waned wy he cream of the gubseriptions tne Famer Onme, Lhe Bimost Caner ones, the doubtful ones « © reluctant once within tw eke, in the third ween the Unwilling ener and et ubins * were given thelr obi of being y (© Join the aasoctation of doing ae they pleased, wo long aa they did the latter under an assumed ” Nearly eli of were happy te join When the let complete as ared to have Hen he bad subscriptions covering 642,000 worth of preferred stock, and repre | senting & dairy property valuation of About $246,000. Thereupon Sledge bim- self called up Armand “We're ready to organtas, Armand,” | said he. “Bend down your cheek for fifty thousand five hundred Gotiars.” | “What's it fort” asked Armand. “Heventy + five thousand dollars’ | abares of the common.” | “Only five shares of the common!” protested Armand “That's the voting stock, and there are five thousand “Five ta all T hold just now,” re- torted ledge, “Five shares in the pout that anybody holds, except Dria- | col.” i} “Oh, I wee,” replied Armand, satia- | fled. “A little legal juggling, eh? Well, I guess Driscol’s safe enough. That's a bigger chunk of the pre-| ferred than I wanted, though.” “Us a Yood six per cent, invest. | ment; as eafe ae there is in the city.” “L know,” objected Armand. “But that's more money than | want to in- vest {n a limited stock.” | “You said you wanted a hold on) this business, didn’t you?” demanded | Sledge. | “Certainly,” agreed Armand. “Well, that’s your hold,” growled Sledge; and Armand, who owed his entire business success to the chief, quit arguing. “I'll mail the check to- | night,” he promised, jake it payable to the Allied Dat- ries Company, and mail it to Driscol,” Mireoted Sledge. On the same day Driscol called up Ripley. | “I hope you remember, Mr, Ripley, that to-morrow is the first stockhold- | ers’ meeting, called for the purpose of | electing officers and adopting the con- stitution and by-laws,” he sald. "Oh, yes" replied Ripley promptly. “I put the date in my notebook on the day I received your notice two weeks ago. I shall have tho offices all veady.” Very well," resumed Driscol, “By the way, don't forget to bring five hundred dollars with you.” “Five hundred dollars!" repeated Ripley dumbly. “Yes; for tho five shares of com- mon stock you bought, Will you notify Mr. Vale to the same effect?" “Huh?” gasped Ripley, still in a daze, “Oh! Yes; certainly I'll notify Vale. Yes; I'll notity him, Mr, Dris- col.” Turning from the phone, he cov- ered his confusion with extreme non- chalance, “We'll have to raise a thousand dol- lara to-morrow,” he carelessly ob- served to Dick, who was transferring the names, ratings, milk capacity, number of employeos and other data concerning the recently acquired dal- ries, to index cards, Dick looked up with @ frown. “I thought Bendix was to supply all the money needed for our preliminary expenses,” he objected. “But this is for our ten shares of stock,” Ripley blandly informed him, sitting in one of the leather chairs and olasping his hands comfortably over his belt, “I have my five hundred ready,” re- plied Dick; “but I don’t understand why I should be required to pay it.” “It’s @ mere matter of form,” de- clared Ripley easily. “I don't Mke the form,” returned Dick, with some sharpness, “I don't feel that we're going to have a square deal in this, I'm uneasy about it all the time, And thie sudden demand for money, to pay for our small five shares each, logks to me like a threat,” “We'd .better do what they tell us to," insisted Ripley, “It don't pay to fuss with people like Hendix and Sledge. We mustn't draw back on ‘em at this stage. If they say we're to put up @ thousand dollars, you'd bet- ter write thom a check for it. Bendix gave you back what you spent the other time, you know, and you've since had $300 in salary from him.” “I've used some of it at home,” said Dick, “but if I hadn't, 1 would want @ thorewl< Gaderatanding before I let 60 ef It “You demand that just now and they'll throw you out,” declared Rip- ley, becoming panic-stricken, “If you haven't enough money, It's easy to borrow it. Henderson would be glad to lend it to you.” “There are reasons, which you prob- ably would not understand, why I would not care to go to Henderson for it,” stated Dick, his nostrila dilating wiightly, for the indellcacy of Ripley had at last gotten upon his nerves, ‘Moreover, tt 1s not necessary. If we ere positively compelled to put up this money, I bave the five hundred for myself, and you Will La cons aited to SP ‘4 vening Worl WAITER TURN a o aily M | a oe NOT AS GORGEOUS AS YOURS | MARRY NE AND Mine WILL BE Yours AND in b THE ELECTRIC FAN. IT'S SUFFOCATING HERE furnish your own.” “Well, you eee, I haven't my funds transferred yet,” argued Ripley. “Borrow it, then," Dick advised him shortly, “You say it's “Look here, Dick,” protested Ripley, much aggrieved, “you're becoming very grouchy about money matters, It'e most unpartnerlike! What's the matter?” “I've been learning something about your business methods, and I don't propose to take any chances with you,” returned Dick, bluntly, Ripley arose in outraged dignity. He extended hie entire frontal pro- Jeotion, Ho hung his thumbs in the armpits of his shirt. “Bir!” eaid he, ing! I resent it!" Dick looked at him, and laughed, “I should think you'd be used to it,” he retorted, and, walking over to the phone, called for Bendix's number. “What are you going to do?” asked Ripley anxiously, forgetting upon the instant his furious indignation, “Find out from Bendix about this five hundred dollars,” responded Dick grimly, “If every share of this com- mon stock must be represented by a hundred dollars cash, I don't see where we're going to come into the por lon of much oF it.” The voice of a girl answered him in the phone, and presently he got Bendix, “This 1s Vale, of the Allied Dairies Company, Mr. Bendix,” stated Dick. “Mr. Driscol has just informed ue that Mr, Ripley and myself must bring $600 each with us to the meeting to- morrow to pay for our stock, It was not my understanding thet we wero to be required to put up any money.” “Certainly not,” Bendix heartily a eured him, “Mr, Sledge will take care of thal "I told you so," deeclared Ripley when Bendix's reply had been repeat- ed to him, “I knew those fellows would take care of us, all right.” “It's just as well to find out,” an- swered Qck, going back to his Index cards. ‘ I fair, and so important that even Sledge himself was in attendance, There were ten in all who gathered in the large reception office to the Allied Dairies Company; and the first act of Mr. Driacol, as Chairman pro tem, was to remove from the centre of the table the vase of pink roses which Mr, Ripley had provided for the gala occasion out of Bendix's advance petty cash fund, Ripley, who wore a new pink shirt in honor of the ceremony, and one of the roses in his buttonhole, saw them Femoved with perfect equanimity. ‘The blond stenographer, with whom he Livtelued # eharuaing acquatn- “You are ineult- CHAPTER VII, HE first stockhold meoting of the Allied Dairies Com- pany was an interesting af- tanceship, could use them to excel- lent advantage, except that it was setting @ bad precedent for her. “The first thing to do ts to elect a Chairman pro tom,” sta%d Drisccl briskly, “I think I had better have that honor, and I nominate and sec- ond myself for the post, with power to appoint a Temporary Secretary. All those in favor will kindly say ‘aye.’ Thank you, gentlemen. I ap- point Mr. Vale. ‘Tho first thing upon the order of business which I have prepared for to-day’s mocting is the reading, approval and signing of the Constitution and Bylaws.” Upon this he proceeded to read the Con- stitution and Bylaws in a rapid mon- otone, which conveyed as little mean- ing as possible. “If this meeta with your approval, gentlemen, I should be glad to hear @ motion for its adoption.” “Move they be adopted,” mumbled Bendix. “Second,” enapped Tim Connors, who had been a City Alderman for many, many ypare. “Moved and seconded that the con- stitution be adopted as read,” rattled Driscol, in tho tone of an unbellever compelled to respond to the litany. “Any remarks? If none, those to favor will please signify by saying ‘Ayo,’ and naming the amount of your atock; contrary, ‘No,’ as your names are called, Secretary will please call the roll, Mr, Vale, by dint of asking most of them their names, compiled a roll as he called it; and, since all the others had done so, answered “Aye” for him- self as ho set down bis own name at the last. "Carried, with no dissenting vote,” announced Driscol, popping to his feet; “and the secretary will so re- cord ft, The entire common voting stock having been subscribed and paid for, and every stockholder being present and eligible for office, the election of officers is now in order. Naturally, the first oMcer to be elected is president. Nominations, please. While we're working, the gentlemen will kindly sign thie oon- stitution. Ripley nudged his ‘partner’. vio- lently. “Nominate me,” he whispered. “Nominate T, J, Connors,” staf mered the man with the squar cornered head, jumping up, posing lopaidedly on one foot, and subsld- ing into bis chair with a huge breath of relief. “Becond,” boomed the broad-shoul- Neca 7 > c YOuRS WIL RE Mine i dered man with the diminishing legs, who looked like @ consumptive top when he stood up. “Any other nominations?” demand- ed Driscol, “If not, I declare"—— Mr. Ripley suddenly stood up, and thereby gained the surprised eye of the speaker, Cc rman and fellow stock- he began, settling his coat lapels with a jerk. “Owing to a re- grettable misunderstanding with one who was formerly a close associat mine, I am driven to the humiliating necessity of myself nominating, for the post of honor now under conald- eration, one who, by his yeoman la- bors for this company in its very in- ception, in its swaddling days, and in ite present splendid maturity, entitle him not only to consideration at your hands, but to gratitude and prefer- merit; one but for whom"—— “Beg pardon,” rasped the jerky voice of Driscol. “Is the gentleman nominating himself for President?” “Lam, air," replied Mr, Ripley, with areat dignity. “I claim that right by virtue of"— ' “Ig there a second to this nomina- tion?” interrupted Driscol, in patn. There was no sound. Both shocked and bewildered, Ripley swung his right foot upon bia heel and kicked Dick upon the side of the shoe. Stil, there was no second. “There being no second, and no other nominations being offered, un- less there are objections, I announce the nominations closed." There were no objections except a mutter from Ripley, which no one understood, “There being but one candidate, I in- struct the secretary to cast the unanimous ballot of the company for Mr. Connors, who thereby becomes President of the Allied Dairies Com- pany. Mr, Connors, please accept my congratulations and take the chair,” As Mr. Driscol did not leave his po- eltion at the head of the table, Mr Connors, who could conduct pariia- mentary proceedings with far more deapatoh and less attention to friction than "Tom" Reed or “Joe Cannon, slammed his knuckles on the table, “Vico President,” be announced, in about one syllable. “Nominate Mr. Armand,” said Mr. Bendix. “Really,” euavely objected Mr, Ar- mand, rising, with @ smile, “I shall acarpely have the time to’-—~ “Sts vnd,"” boomed the carrot-shaped human top In answer to @ nod from a Bendix. “Heally, gentlemen, I must protest,” TAKE THE EVENING WORLD WITH YOU ON YOUR VACATION So that you will not miss any of the weekly novels and may continue to enjoy the daily magazine, comic and other special features. Include them in your summer reading. Order the Evening World Mailed to Your Summer Address Rn ee Uw re re Wr eS re agazine, Friday. July 14, 1916 By Maurice Ketten ITER Lec Py insisted Mr, Armand, atill smiling and stroking his glossy beard with the eame gesture ho used in Sunday eoboo!. ‘My other business affairs’—— “Move close nominations,” mumbled the equare-faced man es Bendix nodded to him. “Second,” squcaked a pop-eyed little man with a goatee, who seomed per- petually dreading to have some one tap him on the shoulder. ‘Moved and seconded that the nom- {nations be closed,” jerked Connors, with his eye on Bendix. “All in favor eay ‘Aye’; contrary ‘No.’ Carried. Armand elected. Secretary next.” “Nominate Mr. Driscol,” the epin- dle-legged one cannonaded. “Becond,” squeaked the one. Bendix shifted his eyes trom him to the equare-faced on “Move nominations pop-eyed be closed,” mumbled that gentleman, galvanised into instant speech. “Becond,” boomed the top. “Moved and seconded the nomina- aay be closed, All in favor, contrary, ‘No.’ Carried. Di elected. Treasurer next,” an- nounced Connors, all in one breath. “I nominate Mr. Bendix,” stated Mr. Driscol calmly. “Becond," boomed the spindle- legged man, “Move nominations be closed,” mumbled square face. “Second,” squeaked pop-eye. “Moved and seconded nominations be closed. All in favor, say ‘Aye’; contrary ‘No.’ Carried, Bendix elect- ed, What next?” And Connors fin- ished bis lungful with a sharp “Hab!” as he turned to Driacol. “The constitution calle for seven directors, three besides the four of- ficers,” stated Mr. Driscol, with the offhand manner of one who could recite at any minute without the textbook. In the same undamnable process by which the officers had been elect- ed, the square-faced man and tho pop-eyed man and the man witb the dwindling legs were made direc- tora, “What next?” Driscol. “Move we adjourn,” gentleman promptly. “Second,” equeaked the pop-eyed Girector. That motion too was carried by in- stant acclamation, "Call @ directors’ meeting, nors,” ordered Driacol. “Mooting directore Allied Dairies Company now come to order," Con- nors blared, slamming his fist upon the table. “What do we do?” “This being the first meeting, and there being n0 minutes or unfinished busine explained Driscol quietly, “I would suggest that you proceed immediately to organization matters, I move that we elect a manager, cre- ating him an ex-officio mauabes of asked Connors of stated that Con- 1 TRL 4 | Ge Al power to of. business of ard, with full BS enlaree Mr who bad smiled t= modest wif \ittlement at (he men tion of a . who must, of course, be capable, honest, and pertenced tm the dairy business, was now emition by @ eudden patntul tho yet nevertheless he etlit eotled aa he arose. “Mecond the motion,” sald Bendis, and seconded we appoint make him an member of this board, with full power to organise and conduct the business and fix salaries,” aingsonged Connors, “Any remarkeT | ree nize Mr. Armand.” Armand, who had been patiently wmiling all thie while, beamed for- wivingly upon Mr. Cor Mr. Hen. dix, and more especially upon Mr, Driscol. “1 do not wish to offer an amend- ment exactly, but merely to call our genial secretary, Mr. Drieco! tion to a more or lesa redundant pro- vision in his motion, It wae scarcely necessary, | think, to ¢reate our mai ager an Meio member of thi board, since he would naturally be already an actual member,” he atated, “Not necemarily," corrected Mr, Driscol, ‘The provision ts for both present and future contingencies, We might at any time wish to select a manager who ts not @ member of thie board.” The painful thought in Mr, Ar- mand’s mind deepened as he glanced in succession toward the three atoc! holders present who were not mem- bers of the board, These three were Mr. Ripley, Mr. Vale—and Mr. Sledge! “I beg the gentiema: pardon,” said Mr. Armand, with a strained po- | Hteness due entirely to the deepening \of that painful thought. “This wae | but a minor point, however, I desire to combat this motion, in the first | place; and in the second place to of- ‘fer an amendment, We are placing entirely too much power in the hands of one man, We are making it posal- ble for him to wreck the company at his own convenience or desire. We are making it possible for him to dl- vert the total profits of this enor- mous consolidation into his own pockets an salary, I do not, of course, know whom you have tn mind for this position, It might even be myself. But for the very reason that I do not know, I feel perfectly free to ob- Ject, with all my force, to this carte- blancho motion as it now stands.” He explained, he elaborated, and he vociferated his objections in eight kinds of prose, and when he was all through, the five remaining directors and the president calmly, but with dispatch, Killed hia amendment and carried the motion, “I move we appoint Mr. Sledge manager for a period: of five years,” remarked Mr. Driscol, passing eat of stock certificates, which he bad just aligned as secretary, across to the president and banding bim a fountain pen. No great time elapsed before a di- rector was found to second Mr. Dris- col's motion. The pop-eyed man did it, Not even Armand, who arose to object, but thought better of it, and sat down; who aroaé a second time, and thought worse of it, and sat down; who arose a third time and, with a trembling hand, took a match from Bendix's box, was surprised to hear that motion carried unanimously, “I move that we go into executive session,” suggested Driscol, as quiet- ly as a dat changing ite position in front of a mouse hole. That motion, too, waa carried, brief silence ensued. “I might atate,” explained Driscol softly, “that in an executive session only duly qualified members of the board are permitted to remain in the a All the stockholders who were not irgetors, with the exception of Sledge, who waa an ex-officio mem- ber, arose uncertainly. They consisted of Mr. Ripley and Mr, Vale. “Look here!" biurted Ripley; “I don't understacd this thing, As the original founder of the company”—~ “It will be explained to you la observed Bendix, very calmly Indeed. “Oh!” returned Ripley, and marched toward his own little room, upon the glass door of which was painted the word “Manager.” “Just @ moment,” “Here al our stock certificates, gen- tlemen;" and, taking the sheat of cer- tifle from Connors, who had signed them, he sorted out the once belonging to Mr, Ripley and Mr, Vale, and presented them to those retreat- ing stockholders. “If the gentlemen of the board will kindly pardon the interruption,” he resumed. “I shall distribute the remainder of the stock while I have it in hand; rapidly passed the certificates about thi ble, ley and Dick naturally paused 20,000 LEAGUES w # UNDER THE _ By JULES VERNE GING IN NEXT MONDAY'S EVENING \The Remarkable Thing About ener hrilling Advent called Driscol. Si and he: This Tale of ares le That DME TRU at the door to cates, Arwand. nad Hendis share 4 at Mledee eortifi slanced af soript, ‘ « teame to whieh he © remain apon the t before t ite openty, and one bun called tor 4 and twenty q shares of stock Uansterred to/- Mr. Driscol, Armand turned to Beg@e — dix, who was examining bis Gvee | bundred shares certificate with Ditual precaution, and asked & quege undertBne. “It has been split up” returne® Hendix #0 promptly and in a tone ee | clear that it seemed as if he had Ream to settle (his very \seue, There was an iy over the ly been waiting, Bven Ri Dick, whom it had been pb have out of the way at this intereste ing moment, were forgotten, andy feeling the thrill of it all withews Quite understanding, stopped where they stood, unnoticed, and listened, “No, no!” protested Armand. “You don't gnderstand!” Then said somes. 4+ thing else undertone, whieh arow more excited as he turned from Bendix to ledge, It was Bendix who anewered. 7 “I don't get what you mean by @ aplit-up, then,” he said pugnaciously, “The stock is all issued as it wae subscribed, and the holders of it have paid for it in cash. I don't know otf | nybody who wanta to sell any of it "a Driscol, read him the etock iist.” “Certainly,” acquiesced Driscol, pulle ing the certificate book toward him and reading from the stubs. “Block, five shares; Spinner, five; Cricket, five; Armand, five; Ripley, five; Vale, five; Connors, one hundred; Driseol, two hundred and fifty; Bendix, five hundred; Sledge, four thousand one hundred and twenty; total, five thou- sand shares, at one hundred dollare each, making a sinking fund of five hundred thousand dollars, all, ef — which is now in the treasury.” * “It's @ awindle!” shouted Armand, ringing to his feet and shaking — with anger. “I was to come in om this, and you've jockeyed me out of it!” Bendix strove to pull him back — in his chair, but he jerked his coat- — tails away. “Let me alone!” he cried, “I don't have to keep my mouth shut here, where you're all thieves to- | gether and know what's being done You've made @ sucker of me. You forced me to take up fifty thousand dollars’ worth of the preferred stock, which I did not want; and you even made me pay for the five shares of common, @ thing which, I'll bet, mo other man in this room did but Bletige; and the First National care ries all that he put up. 4 A new thought struck him and ale most choked him. “Why, you've made me furnish every cent of the working capital of this company!" he finally ehrieked, little flecks of foag, appear- ing upon hia lips. He was addressing — Sledge now, bending over and glaring into the eyes which, he was still too: Diinded to see, were stonily indiffer- q ent—indifferent enough to have even’ instigated murder done with the same coldness, “You did this! You! You've made me cramp my resources and borrow money to support a company‘ which is likely to drive me out of) business! Why did you do this thing? Why are you cutting my throat? £' ask you why?” Bleaye turned those cold gray eyes up to him in thetr narrow slits, and merely looked at him, It had been said of Bledge's eyes that, when they ex pressed dislike, they chilled live blood, Perhaps Armand had heard that, and had been so impressed with the é@uggestion that autohypnosis now set in upon him, However that may have been, he suddenly shuddered, as if something cold and clammy dad laid its cluteh upon his heart; he slowly lowered his gaze; he turned to Bendix, trembling slightly, “Why are you doing this?” he asked, His tone now had ip it ef- most @ susptoion of a whine, | “Do you need a brick house to fall n yout” jeered Bendix gruffly. ‘Don't you know that you're through? €, Don't you know that you've used tho chief to get your head up in the world, and got it up so far that you i forgot the man that made you, and thought that he belonged to you im place of you to him? Don’t you know | that in the last couple o1 F be ashamed to “Bo Bary) vith se You forgot, I cubes: nat o hf ju out of the gut you were & crook that soba be ‘abbed by the law and made jo time, You even forget, fF’ that last winter you made on civic morality before a» convention, and hinted that all cities In this sta uw » Xe Batty om| sock, Geprpeiati And h ade: Ad 4 » t ‘4 fter two lion, Why, al ith made hit the baa im rise