To this remarkable state of mind had Shirley Sumner attained at the time old John Cardigan, leading his last little trump in a vain hope that it would enable him to take the odd trick in the huge game he had played for fifty years, decided to sell his Valley of the Giants.
Shortly after joining her uncle in Sequoia, Shirley had learned from the Colonel the history of old man Cardigan and his Valley of the Giants, or as the townspeople called it, Cardigan’s Redwoods. Therefore she was familiar with its importance to the assets of the Laguna Grande Lumber Company, since, while that quarter-section remained the property of John Cardigan, two thousand five hundred acres of splendid timber owned by the former were rendered inaccessible. Her uncle had explained to her that ultimately this would mean the tying up of some two million dollars, and inasmuch as the Colonel never figured less than five per cent. return on anything, he was in this instance facing a net loss of one hundred thousand dollars for each year obstinate John Cardigan persisted in retaining that quarter-section.
“I’d gladly give him a hundred thousand for that miserable little dab of timber and let him keep a couple of acres surrounding his wife’s grave, if the old fool would only listen to reason,” the Colonel had complained bitterly to her. “I’ve offered him that price a score of times, and he tells me blandly the property isn’t for sale. Well, he who laughs last laughs best, and if I can’t get that quarter-section by paying more than ten times what it’s worth in the open market, I’ll get it some other way, if it costs me a million.”
“How?” Shirley had queried at the time.
“Never mind, my dear,” he had answered darkly. “You wouldn’t understand the procedure if I told you. I’ll have to run all around Robin Hood’s barn and put up a deal of money, one way or another, but in the end I’ll get it all back with interest—and Cardigan’s Redwoods! The old man can’t last forever, and what with his fool methods of doing business, he’s about broke, anyhow. I expect to do business with his executor or his receiver within a year.”