United States or Isle of Man ? Vote for the TOP Country of the Week !
Now, judging from the dividend which had just been paid, the Mutual Credit must, since the war, have realized enormous profits. All its enterprises were successful; and it was on the point of negotiating a foreign loan which would infallibly fill its exchequer to overflowing. M. Favoral, moreover, defended himself feebly from these accusations of concealed opulence.
While they were traders only, they managed their trade successfully, and were able to pay from their profits a moderate dividend to the proprietors of their stock. Since they became sovereigns, with a revenue which, it is said, was originally more than three millions sterling, they have been obliged to beg the ordinary assistance of government, in order to avoid immediate bankruptcy.
He was hurrying back, exhilarated with success, to the presence of a woman whose smile was finer exhilaration than any number of votes of confidence, passed unanimously by any number of conclaves of overjoyed Directors, and signed by Brummage after Brummage, with the signature of a capitalist in a flurry of delight at a ten per cent dividend.
In a corporation purely mutual, the whole surplus is periodically applied to the benefit of the assured, either by a dividend in cash, or by equitable additions to the amount assured without increase of premium, or by deducting from future premiums, while the amount assured remains the same. The advantages of the latter system must be evident to every one.
I am told that there is a probable dividend of sixpence-half-penny in the pound to come some day." Colonel Ray smoked on in silence. This was evidently news to him. "Awkward for you," he remarked at last. I laughed a little bitterly. I knew quite well that he was expecting me to continue, and I did so. "I sold my things at Magdalen, and paid my debts.
With these he arrived in a few days unto the Island of Cuba, where he sought out a place wherein with all quiet and repose he might make the dividend of the spoil they had gotten. They found in ready money two hundred and fifty thousand pieces of eight, besides all other merchandises, as cloth, linen, silks and other goods.
The dividend promised then would include a grant of land in Virginia as well as a return of the capital with profit. How much land depended, like the profit, on the degree of success that had attended the venture meantime. One of the inducements for subscription was a promise that all adventurers would have a voice in determining the policies of the company.
At this moment the messenger whom Skindeep had despatched returned, and informed him with great regret that his banker, to whom he had entrusted his whole fortune, had been so unlucky as to stop payment during his absence. It was expected, however, that when his stud was sold a respectable dividend might be realised.
But during the two years in which their agreement with government was to take place, they were restrained from any further increase of dividend by two successive acts of parliament, of which the object was to enable them to make a speedier progress in the payment of their debts, which were at this time estimated at upwards of six or seven millions sterling.
If, in transforming these discordant railroads into one, Vanderbilt bribed legislatures and corrupted courts, if he engaged in the largest stock-watering operations on record up to that time, and took advantage of inside information to make huge winnings on the stock exchange, he also ripped up the old iron rails and relaid them with steel, put down four tracks where formerly there had been two, replaced wooden bridges with steel, discarded the old locomotives for new and more powerful ones, built splendid new terminals, introduced economies in a hundred directions, cut down the hours required in a New York-Chicago trip from fifty to twenty-four, made his highway an expeditious line for transporting freight, and transformed railroads that had formerly been the playthings of Wall Street and that frequently could not meet their pay-rolls into exceedingly profitable, high dividend paying properties.
Word Of The Day