Chapter 6 - The Ledger of Debt

By three in the morning, the snow had stopped falling, leaving Ashborne Ridge under a blanket of pure, untouched white that reflected the pale light of a clear winter moon.
Inside the legal trailer that Arthur had arranged to be towed up from the valley, three clerks were busy scanning the recovered black ledgers that the firefighters had pulled from Gideon’s burning office. Though the edges were charred and smell of smoke was thick, the tight, furious handwriting of Gideon Pike remained legible.
Caspian sat at the small folding table, a cup of black coffee untouched in front of him. He was looking at a specific ledger marked Oak Street Properties.
“Look at this, Caspian,” Arthur said, pointing a gold pen at a line near the bottom of page fourteen. “Mara Vale’s late husband took out a four-thousand-dollar repair loan from the store’s commercial credit line in 2018 to fix their roof after the big ice storm. Pike bought that debt personally for five hundred dollars when the old man died.”
“And what did he charge her in interest?” Caspian asked.
“Thirty percent compounded monthly,” Arthur said, his voice cold with professional disgust. “According to this book, Mara Vale currently 'owes' Gideon Pike twenty-eight thousand four hundred dollars. He was planning to file for an execution of judgment next month to seize the house and the four acres surrounding it.”
“Why?” Caspian looked up. “That land is rocky, steep, and has no timber value.”
“It didn't three years ago,” Arthur said, pulling a second map from his leather case. “But state geological survey teams completed a core analysis of the north ridge six months ago. The reports were released last week. There’s a high-yield lithium deposit running directly under Oak Street. The town lot Mara Vale lives on is right in the center of the extraction zone.”
Caspian leaned back in his chair, his eyes narrowing as the final piece of the puzzle fell into place.
“Pike knew,” Caspian said.
“Pike knew,” Arthur confirmed. “He was trying to force Mara off the land before the survey became public knowledge. If she were evicted, the lot would go to a tax auction. Pike’s shell company was the only registered bidder.”
Caspian was silent for a long moment. He looked out the frosted window of the trailer toward the dark outline of the mountain, where the small green cabin sat beneath its towering pine tree.
“How much is the total debt held by Gideon’s shell company across this entire valley?” Caspian asked.
Arthur flipped three pages. “About one point two million dollars. Mostly small mortgages, personal loans, back store credit for groceries, and property tax liens he bought up from the county.”
“Buy it all,” Caspian said.
Arthur stopped, his pen hovering in the air. “Pardon?”
“Buy every piece of debt held by Ridge Supply Logistics,” Caspian said, his voice flat and absolute. “Offer the bankruptcy court twenty cents on the dollar—which is more than they’ll get after Pike goes to state prison for arson—and transfer every note to the Thorne Charitable Foundation.”
“And then?” Arthur asked, though he already knew the answer.
“And then,” Caspian said, “we cancel every single one of them. Every mortgage, every store debt, every property lien. Clear the books for every family in this town.”
Arthur stared at his long-time employer for a moment, then a slow, rare smile spread across the old lawyer’s face. “That will cost you roughly two million dollars after legal fees, Caspian.”
“I made three million before breakfast on Tuesday by selling my stake in a logistics firm in Chicago,” Caspian said, rising from his chair. “This is a better investment.”
“And the lithium rights under Oak Street?”
“Create a community trust,” Caspian said, pulling his leather gloves back on. “Fifty percent to the town’s public school system, forty-nine percent divided equally among the residents who live on the ridge, and one percent to a permanent fund for children’s medical care at the Denver regional hospital.”
“And what about Eloen Vale?” Arthur asked.
May you like
Caspian stopped near the doorway of the trailer, his hand on the brass handle.
“Eloen Vale,” Caspian said, “is going to buy all the white bread she wants.”