Baker has long been searching for an available supply for use in
the enterprises," said Oldham, eagerly availing himself of this opening.
"You probably have a small idea of the immense lumber purchases
necessary for the construction of the power plants, trolley lines, and
roads projected by Mr. Baker. Heretofore the company has been forced to
buy its timber in the open market."
"This would be cheaper," suggested Bob.
"Much."
"That would increase net profits, of course. I suppose that would
result in increased dividends. Or, perhaps, the public would reap the
benefit in decreased cost of service."
"Undoubtedly both. Certainly electricity and transportation would
cheapen."
"The same open markets can still supply the necessary timber?"
"At practically prohibitive cost," Oldham reminded.
"Which the company has heretofore afforded--and still paid its
dividends," said Bob calmly. "Well, Mr. Oldham, even were I inclined to
take all you say at its face value; even were I willing to admit that
unless Mr. Baker were given this timber his business would fail, the
country would be deprived of the benefits of his enterprise, and the
public seriously incommoded, I would still be unable to follow the logic
of your reasoning.
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