They feel all the confidence in the world that they can do this, and I agree with them.
A compromise might be effected between the old and the new companies, but not on the basis on which I was willing to settle some time ago.

A new company has been organized since then, stock issued, and a great deal of money expended." (This was not true.) "That stock will have to figure in any new agreement.

I think a general union of all the companies is desirable, but it will have to be on a basis of one, two, three, or four shares--whatever is decided--at par for all stock involved." Mr.Schryhart pulled a long face.

"Don't you think that's rather steep ?" he said, solemnly.
"Not at all, not at all!" replied Cowperwood.

"You know these new expenditures were not undertaken voluntarily." (The irony of this did not escape Mr.Schryhart, but he said nothing.) "I admit all that, but don't you think, since your shares are worth practically nothing at present, that you ought to be satisfied if they were accepted at par ?" "I can't see why," replied Cowperwood.