'Average returns of the last three years, one hundred and
twenty-seven pounds, three shillings, and seven penny and one-sixth
a week. Profits thereupon thirty-four per cent.--as near as may be.
Clear profits of the concern, after deducting all expenses except
rent--for t' house is our own--one thousand two hundred and two
pound a year.'
This was far more than either Hepburn or Coulson had imagined it to
be; and a look of surprise, almost amounting to dismay, crept over
their faces, in spite of their endeavour to keep simply motionless
and attentive.
'It's a deal of money, lads, and the Lord give you grace to guide
it,' said Jeremiah, putting down his paper for a minute.
'Amen,' said John, shaking his head to give effect to his word.
'Now what we propose is this,' continued Jeremiah, beginning afresh
to refer to his paper: 'We will call t' value of stock and fixtures
two thousand one hundred and fifty. You may have John Holden,
appraiser and auctioneer, in to set a price on them if yo' will; or
yo' may look over books and bills; or, better still, do both, and so
check one again t'other; but for t' sake o' making the ground o' the
bargain, I state the sum as above; and I reckon it so much capital
left in yo'r hands for the use o' which yo're bound to pay us five
per cent. quarterly--that's one hundred and seven pound ten per
annum at least for t' first year; and after it will be reduced by
the gradual payment on our money, which must be at the rate of
twenty per cent., thus paying us our principal back in five years.
And the rent, including all back yards, right of wharfage,
warehouse, and premises, is reckoned by us to be sixty-five pound
per annum. So yo' will have to pay us, John and Jeremiah Foster,
brothers, six hundred and twelve pound ten out of the profits of the
first year, leaving, at the present rate of profits, about five
hundred and eighty-nine pound ten, for the share to be divided
between yo'.'
The plan had, in all its details, been carefully arranged by the two
brothers. They were afraid lest Hepburn and Coulson should be
dazzled by the amount of profits, and had so arranged the
sliding-scale of payment as to reduce the first year's income to
what the elder men thought a very moderate sum, but what to the
younger ones appeared an amount of wealth such as they, who had
neither of them ever owned much more than fifty pounds, considered
almost inexhaustible. It was certainly a remarkable instance of
prosperity and desert meeting together so early in life.