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Show would buy him out. Aleen stated she couldn't, and Pearl said if anyone had a chance to buy anyone else out she thought Bill should be given that opportunity. Bill was surprised by H. John's decision, but asked him what he wanted for his interest (one sixth of the business) and was told the figure. He made a part payment then and after working out the financing, he completed the purchase transaction. H. John seemed happy to get the money and Bill was glad to have the stock. After working in the Madsen business for almost 22 years, Bill had proved himself over and over, and had been largely responsible for the growth of the business, even for a few years prior to John K's death. He had deserved an owner's interest long before, but earlier events had not worked out to his advantage. He later purchased a one-twelfth interest from each of the girls, giving him a full one third interest and leaving them with the same. It simplified the keeping of records, and they all liked the arrangement better. HOW TO CARRY ON Had John K's family been composed, of sons there may have been no obstacles to the perpetuity of the John K, Madsen Rambouillet Farm. But since its permanence was limited to the life and effort of but one man there were possible limitations. In the seven years between the death of John K, and that of Virginia, Bill had acquitted himself well. He had been relied 274 |