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Further, the holders of share warrants to bearer would be required to surrender their warrants for cancellation and have their names entered in the register, and all subsequent allottees and transferees would be subject to the obligation of disclosure, as already described, and the limits of 20 per cent. recommended in the case of merchant shipping would then be made applicable.
All they have to rely on are some certificates often too carelessly given and too easily obtained. Finally, quite a large proportion of the allottees of shares have merely applied for them with the intention of selling out on the first opportunity at a premium, hence they have no special interest in the actual working of the mine. Now let us look at the prospects of the Association thus formed.
Nearly all his customers consulted Richard Hardie, and this was the substance of his replies: "The Bubbles of History, including the great one of my youth, were national, as well as individual, follies. It is not so now: the railways, that ruin their allottees and directors, will be pure additions to the national property, and some day remove one barrier more from commerce.
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