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Indeed, Brinley, usually a silent sufferer, commented upon this cohesive quality of Ellen's pastry on two different occasions. On the first he advised Mrs. Brinley to learn the secret of Ellen's manipulation of the ingredients of a pie-crust, and have herself capitalized to rival the corporations which provide the government with armor-plate.
The men who had made it were a minority, their motives were under suspicion, and when Washington went into retirement, the position of the gentry was not strong enough to survive the inevitable struggle for the succession. The anomaly between the original plan of the Fathers and the moral feeling of the age was too wide not to be capitalized by a good politician.
The royalty could be reckoned at capitalized value ............................................ 50 " The confiscations might reach ...................... 10 " And the underground rights around the Johannesburg mines might realize .............................. 50 " Thus together 125 millions, possibly not sufficient to cover the entire war cost if pensions are to be included.
Cathcart became shrewd, incisive, direct, cold, a little hard; Charley Gates was burly, hearty, a trifle bullying. Both were in all circumstances quite unruffled; and in some circumstances ruthless. About 1900 the entire holdings of the Company were capitalized, and a stock company was formed.
He now had leisure for study, and he used it to such good advantage that he was soon able to send to the publishers a clean manuscript, grammatical, and well spelled, capitalized, and punctuated. The publishers appreciated the improvement, though they had sought after his work in its crude state, and paid good prices for it.
"Capitalized for two hundred thousand, I see." "Uh-huh!" "Any stock for sale?" "Not at the present writin'." "At a price?" "Wa-al, now " "Say a profit of twenty dollars a share." "It'll pay dividends on more 'n that figger," said Scattergood, "which," he added, "you know dum well." "Yes," said Castle, "but for a quick turnover and I'm not figuring dividends altogether."
What he would have paid, by reason of getting his own lands into freehold, was applied pro rata to the reduction of the annual rentals payable by the habitants. It was arranged, furthermore, that any habitant might commute this yearly rental by paying his seigneur a lump sum such as would represent his rent capitalized at the rate of six per cent.
But it was a qualified franchise. It reserved certain nominal restrictions in behalf of the people by inserting the right of the city to order the removal of the tracks at any time that they became an obstruction. These terms were objectionable to Vanderbilt; a perpetual franchise could be capitalized for far more than a limited or qualified one. A perpetual franchise was what he wanted.
The Solaris Farm company was incorporated for ninety-nine years, with a provision for re-incorporation at the expiration of that period. This provision practically made the company a perpetual institution. The stock of the company was capitalized at $250,000 00, and divided into one thousand shares, with a par value of $250 00 each.
The State Authority receives £960 from the tenants; it pays out of that sum £4 per cent., not upon the gross rental, but upon the net rental capitalized, that is to say, £768 to the Imperial Exchequer.
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