Show F money 0 sun to burn I 1 by reter peter a 0 by P mettr B D kyn WEI service THE STORY hiram butterworth miser decides to leave his fortune to a nephew elmer clarke clarice butterworth tells hla his lawyer absolom of having swindled a man out ot of forty years before and arranges tor for payment with interest butterworth dies suddenly the town of Pilar ottoa including elmers sweetheart nellie cathcart learns of his inheritance before elmer does colorado charley crook and his partner mae plan to pluck elmer nellie wants elmer to see m more re of the world before they marry marry 1 I CHAPTER V continued 10 now then I 1 aint got no assurance have 1 I that El Elmer merll 11 live long ion enough to come into his fortune I 1 got to have some security for that loan dont I 1 what security can I 1 git from him now except life insurance well I 1 figure elmer wont offer no objection to out a policy to protect the bank so II 11 stroll up to the smoke this inor an suggest it to him hes right agee agreeable able an says hes already thought 0 that for which reason hes applied for a policy with a company represented in this town by you youl I 1 that Is quite true it occurred to me that you had overlooked suggesting the matter to elmer when you made the loan so 1 I realizing that the bank should be protected took elmer out to luncheon yesterday and between the soup and the nuts nuta I 1 sold him a hundred thousand dollar policy the bank Is a beneficiary to the extent of any approved claim against his estate and somebody else Is the beneficiary of all left yes tes but does this bank git a fifty lifty fifty cut on the commission you earn on that policy what id like to know oh so where the shoe pinches Is it 10 well mr lr moody im not going to give UD my side line and im not going to continue it provided I 1 permit you to graft off me consequently I 1 shall have to accept your alternative and resign my position tInn here how much notice do you require Ol old dAnse anse was mortally stricken impaled on both horns ofa of a dilemma it if lie ac accepted acce pied Nell lea ye resignation he would never never find another employee like her also he would most certainly alienate the hardly won affections of elmer clarke arid a healthy account from the fledgling millionaire lion lio alre would be worth many thousand yearly to the bank you women make me st sick ck he growled you aint got no sense of bu aint a one of ye can take a joke and he flou flounced ced up and out of the bank nellie Cath carts mellow gurgling little laugh followed him to give him the lie after luncheon she went down to elmer CI Cl arkes dinall order garage she found his old plus plug shooting dog noah asleep on the lawn so she invited noah into elmers flivver and drove off to san carlos a town some thirty miles distant here she sent a telegram requesting an answer by mall mail and having thus spiked the guns of old lady bray as it were she returned to 0 when absolom came down to his office the following monday rooming morning lie he found on his desk a most remarkable telegram it ran as follows please write me giving details of the mortgage mentioned in hiram butter will as having been given by butterworth to one benedict catheron my grandfather was benedict catheron formerly of davenport iowa and I 1 find aang among my deceased mothers papers a mortgage for forty thousand at eight per cent payable semi annually on a farm in mercer county illinois to secure a promissory note of hiram butterworth given my grandfather MY mother was the sole heir of my grandfathers body and I 1 am the be sole heir of hers she is dead and 0 so o Is my grandfather mortgage dated august 10 1882 deficiency judgment dated march 23 1887 do not telegraph as desire keep this matter absolutely sol secret and telegrams to kar djoa are broadcast by operator answer nellie C cathcart Illar eltos california christopher columbus 1 ill murmured Ab absolone Mc leake what do you think of that ile he rang for his secretary the butterworth Dutter worth file lie he corn com joi the girl brought it it took mr air me fealte ijes than a minute to unearth a duplec duplicate e copy afla of a mortgage given to tc benedict catheron of davenport iowa W by hiram butterworth on a section of land inverter in mercer Vercer county illinois to secure a promissory note for forty thousand dollars at eight per cent interest payable semiannually semi annually and it if not so paid semiannually semi annually to be added to the principal and bear interest at a like rate the mortgage bore the date august 10 1882 A minute later the lawyer had unearthed a record 0 of a deficiency judgment against hiram butterworth in favor of benedict catheron dated march 23 1887 ile he sat staring at the telegram nellie 0 cathcart he murmured where have I 1 heard that name cath cart recently cathcart cathcart ah besl N C cathcart trust officer of the bank that made that report on imer elmer E clarke to old hiram he took the letter in question from the file and read it agala 1114 N C cathcart trust officer Is a girl N 0 Carth Car theart cart Is nellie C cathcart A girl by thunder and a smart girl the Pilar eltos commercial trust and savings bank make this report nellie 0 cathcart made it oh lord for a secie secretary tary with brains like hire nellie 1 ashes up to snuff S she he k knew now all about hiram butterworth a and nd she made it strong so strong it knocked old hiram clear off his perch she figured on doing just that and she succeeded she ought to be president of that bank and ill bet she will be after that mortgage is paid ile he reread the letter between the lines J I 1 seem to see something he soliloquized nellie cathcart Is in love with elmer clarke why she wants ants this little discovery kept a profound secret going to surprise elmer on their wedding day I 1 suppose bully for you nellie nelile youre all right and ill play the game with you now how did she learn of this clause in the will so promptly easy bullard of james bamps bullard and yohn counsel tor for the bank downstairs was in to look at the will just before I 1 took it up to the courthouse to be filed nellie wired the bank for detailed information about the will and the bank furnished it whereupon nellie cinched cincher her case and wired me well good news be hoarded boarded im going to disobey nellie and send her a telegram to 11 he did it was at the bank waiting for nellie when she got there that same morning it read dear nellie you win congratulations may I 1 come to the wedding mums blums the word mac alac contrary to ensel P moods moodys declaration that nellie had no sense of hu she wired back immediately straight message dear ab youre awfully fresh but I 1 like you so BO you may come to my wedding ahyou As you are anotn not a banker it pro probably bably has never occurred to you that funds at six per cent compounded semiannually semi annually practically double every twelve years 0 time where Is thy sting at eight per cent how about income taxes federal inheritance taxes who gets this last iowa or california or both am not grafting free legal advice either send your bill for the answer nellie the following morning old lady bray was again knocked all of a heap when she took the following night letter over themire the wire nellie you are priceless pil celess our revered uncle sam cannot get his hands on any income earned or due prior to match march 15 1913 although he does participate in all income from interest collected thereafter and I 1 do notsie how bow we can dodge it federal inheritance tax may not apply at all in this case because the legal heir of catherone Cat herons body inherits through his laughter daughter hence if granddaughter can prove that this mortgage was appraised as worthless by the appraisers of her mothers estate and mothers estate probated on that basis the law cannot be retroactive and claim an inheritance tax on an estate that has developed value long after estate has been closed if catherone Cat herons daughter died more than five years ago statute of limitations acts as further bar to collection of inheritance tax on her estate now catherone Cath Cat herons crons granddaughter cannot now be regarded as a legatee just because a doubtful asset has suddenly appreciated in value for this new value Is not a bequest because will gives authority to pay a debt of honor long overdue of course internal revenue collector will try to collect but it if he does I 1 will lick him at every turn for the same reason that federal inherit ance taxes do not apply in this case state inheritance cannot apply either TO BE CONTINUED |