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Chapter 12 - Page 2
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From impulse to action was, for the colonel's temperament, an easy step, and he had scarcely moved into his house, before he quietly set about investigating the title to the old mill site. It had been forfeited many years before, he found, to the State, for non-payment of taxes. There having been no demand for the property at any time since, it had never been sold, but held as a sort of lapsed asset, subject to sale, but open also, so long as it remained unsold, to redemption upon the payment of back taxes and certain fees. The amount of these was ascertained; it was considerably less than the fair value of the property, which was therefore redeemable at a profit.
The owners, however, were widely scattered, for the mill had belonged to a joint-stock company composed of a dozen or more members. Colonel French was pleasantly surprised, upon looking up certain musty public records in the court house, to find that he himself was the owner, by inheritance, of several shares of stock which had been overlooked in the sale of his father's property. Retaining the services of Judge Bullard, the leading member of the Clarendon bar, he set out quietly to secure options upon the other shares. This involved an extensive correspondence, which occupied several weeks. For it was necessary first to find, and then to deal with the scattered representatives of the former owners.
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