Jacob's Ladder

[Pg 62]

[Pg 62]

“Then what’s the use of the land for building?” Jacob demanded.

“I will explain,” the other continued. “Situated here, two miles from our land, are the premises, works and reservoir of the Cropstone Wood, Water and Electric Light Company. They are in a position to supply everything in that way which the new colony might desire.”

“A going concern?” Jacob enquired.

“Certainly!” was the prompt reply. “But it is in connection with this Company that we expect to make a certain additional profit.”

Jacob glanced at the clock.

“You must hurry,” he enjoined.

“The Cropstone Wood Company,” Mr. Dane Montague confided, “is in a poorish way of business. The directors are sick of their job. They know nothing about our plan for building on the estate, and, to cut a long story short, we have secured a six months’ option to purchase the whole concern at a very low price. As soon as the building commences on the common, we shall exercise that option. We shall make a handsome profit on the rise in the shares of the Cropstone Wood Company, but our proposal is to work the company ourselves. At the price we can offer them at, it is certain that every building lot will be sold. Mr. Littleham here has prepared a specification of various forms of domiciles suited to the neighbourhood.”

[Pg 63]

[Pg 63]

Mr. Littleham, in a remarkably thick voice, intervened.

“I can run ’em up six-roomers at three hundred quid; eight and ten at five; and a country villa, with half an acre of garden, for a thousand,” he announced, relapsing at the conclusion of his sentence into his former state of sombre watching.

“There’s a very fair profit to be made, you see,” Mr. Dane Montague pointed out, “on the sale of the land and houses, without going more closely into the figures, but we want to be dead straight with you, Mr. Pratt. There should be an additional profit on the electric light and water which we supply from the Cropstone Wood Company.”

“I see,” Jacob remarked thoughtfully. “When they’ve 
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