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"The question, therefore, is whether restrictions ought to be imposed upon the extent to which the control of the company shall be allowed to reside in aliens, either by reason of their holding a majority of the shares, or of the debentures, or by reason of their obtaining a majority upon the Board of Directors; and, if so, how disclosure of their alien character is to be enforced."
From that time until the 30th of September last the duties secured have exceeded those of the corresponding quarters of the last year $1.172 millions, whilst the amount of debentures issued during the three first quarters of this year is $952,000 less than that of the same quarters of the last year.
Morris Assheton's fortune was invested in certain railway debentures and Government stock. It would in a few days' time be invested there again, precisely as it had been. Mr.
"What does this cost you personally?" hazarded Stoughton a little uncertainly. "A hundred dollars in traveling expenses, and I have assumed a hundred and thirty thousand of town debentures at six per cent. If you don't want it there are others who do." Wimperley looked up. His face had taken on a new expression. He caught Riggs' eye and his lips formed the word "cheap." The latter nodded.
The Treasury should be authorized to subscribe a reasonable capital to it, and it should be given authority to issue its own debentures. It should be placed in liquidation at the end of two years. Its purpose is that by strengthening the weak spots to thus liberate the full strength of the Nation's resources.
At that came a little silence and there appeared the vision of Clark in his office, with his achievements dissolving before his eyes. "Robert Fisher is no financier," struck in Stoughton wearily. Wimperley smiled in spite of himself. "Perhaps not, but he mesmerized us into that office. There's only one thing I can see issue debentures secured by first mortgage." "Who'll take 'em?
"With a pro-tem. salary, stage money barred?" says I. "Oh, most certainly," says he. "Then I'm the guy," says I. "Good!" says Mr. Robert. "These debentures come in your department. I will notify Mr. Piddie that " "Say, Mr. Robert," says I, grinnin' once more, "I'd break it gentle to Piddie."
He did not stop to consult stocks, exchanges, debentures or any such business, but merely nodding to an acquaintance or so crossed the street and wended his steps to the lawyers' nests nests from the fact that in this, locality they hatched all the schemes by which to victimize their unwary clients. But of our friend.
Midland stock at the end of August 1850, when I sold out Miss Pontifex's debentures, stood at 32 pounds per 100 pounds. I invested the whole of Ernest's 15,000 pounds at this price, and did not change the investment till a few months before the time of which I have been writing lately that is to say until September 1861.
As time went on Baxendale's nerves grew worse, and it was thought he must have been badly hit financially by the War, till Peter Knott told us that he had invested most of his wife's and his own money in shipping companies and coal-mine debentures which had done nothing but rise ever since the War began.
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