Spencer Island, located 460 miles off the California coast is being auctioned. The island is uninhabited and there are only two bidders, William W. Kolderup, a very wealthy San Franciscan, and his arch-rival J. R. Taskinar, a resident of Stockton, California. Kolderup wins the auction, buying Spencer Island for four million dollars. J. R. Taskinar mutters, 'I will be avenged!' before retiring to his hotel.
Spencer Island, located 460 miles off the California coast is being auctioned. The island is uninhabited and there are only two bidders, William W. Kolderup, a very wealthy San Franciscan, and his arch-rival J. R. Taskinar, a resident of Stockton, California. Kolderup wins the auction, buying Spencer Island for four million dollars. J. R. Taskinar mutters, 'I will be avenged!' before retiring to his hotel.