This twenty-five hundred is a first payment.

I want a renewable option.

If I don't cross over with the balance in thirty days, spend the money." "What do you mean by a renewable option ?" asked Gresham, hesitating.
"When this option runs out I get another at the same price--and twice more after that." "Nonsense!" exclaimed Gresham, turning away.

"Why, I'd be letting you tie up my property for four months." "I'm offering you over eighty per cent, a year.

You'd rather stay tied." Gresham pondered that problem for a moment.
"By Jove, you're right!" he said.