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Immediately after this, the Union Pacific management, seeing no particular advantage in retaining an interest in the Baltimore and Ohio, gave the shares to its own stockholders in a special dividend. Thus, since Harriman's death, the Union Pacific Railroad has once more returned to very much its original condition prior to its acquisition of the Southern Pacific.
It was as if certain men were going into training in order to be at their very best when the worst times should come. Fulton's Cartridge Company, with its headquarters in New York and its mills in Bridgeport, Connecticut, had not paid a dividend in some time. I dined with them the night before he left.
But he's the last man to do either good or evil unless he saw a dividend at the end, and where does he score by taking any part or parcel in conniving at or abetting or concealing evidence or anything else, so far as this particular crime is concerned?
All this hardly seems worth telling, but events we little thought of sprang from those archery practices. For the present we found them a great means of getting acquainted with the neighbours. I bowed now to many more people than ever I had done before, and we had come into great favour since the Hydriots had astonished the county by announcing a dividend.
This was worse to Grasper than if he had come out and said over and over again just what he thought of the other's conduct. Five years from the day Layton commenced business anew, he made his last dividend upon the deficit that stood against him at the time his creditors generously released him and set him once more upon his feet.
Energy may be stored up in the system for future use, that being the dividend resulting from judicious interchange; but to force the system to receive more food than it can use and assimilate, is to invite disaster and pave the way to physical bankruptcy.
The San Francisco papers were making a great outcry about the iniquity of the Daney Silver-Mining Company, whose directors had declared a "cooked" or false dividend, for the purpose of increasing the value of their stock, so that they could sell out at a comfortable figure, and then scramble from under the tumbling concern.
Even so, however, the tenth paid them a dividend of fifteen per cent on their capital. On the strength of that fifteen per cent Gaudissart talked of his intelligence, honesty, and zeal, and the good fortune of his partners. "This is like La Fontaine's fable," smiled the ex-cabinet minister. Gaudissart found investments for his capital in other ventures.
Had he held on, the firm would doubtless have been able to survive the Mongolia crash, for L.D. and M., following the unexpected action of the directors in declaring a dividend, jumped on Thursday from 50 to the neighborhood of 75. The failure will involve no other firms, it is thought.
The state of the finances became more satisfactory: a part of the public funds had been paid, and that which still remained had just been registered in the "Great Ledger;" the fundholders accepted without too much difficulty the delay in paying the first dividend.
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