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The "Gould & Curry" company were erecting a monster hundred-stamp mill at a cost that ultimately fell little short of a million dollars. Gould & Curry stock paid heavy dividends a rare thing, and an experience confined to the dozen or fifteen claims located on the "main lead," the "Comstock."
Before that time, the prevailing idea of railroad management was to run a road as cheaply as possible and pay big dividends. Harriman's idea was that the biggest dividends would be secured in the end by making a good road, and he proceeded to carry the idea out by putting his road in the very pink of condition. And it paid. That was the beginning.
The chief motive pressing them forward was the distress in England caused by the lack of cotton which resulted from the American blockade. In 1860, the South had exported 615,000 bales; in 1861, only 10,127 bales. In 1862 half the spindles of Manchester were idle; the workmen were out of employment; the owners were without dividends.
Germany, for example, claimed that the government of Venezuela had guaranteed dividends on the stock of a railroad built by German subjects and had failed to live up to the contract.
You couldn't have got me to believe that Eldon Parr would put his name to anything that wasn't straight. "Then Consolidated Tractions came along, with Parr's, name behind it. Everybody was talking about it, and how it was payin' eight per cent. from the start, and extra dividends and all, and what a marvel of finance it was.
The time thus spent in assisting the pupil to develop definite habits of study will pay rich dividends for the remainder of the student's life.
And at the same time, we hope that this relief will be an investment for the future an investment that will pay dividends by eliminating Fascism, by ending any Italian desires to start another war of aggression in the future. And that means that they are dividends which justify such an investment, because they are additional supports for world peace.
The stockholders of your corporation, perhaps, are bound to suffer some from the fact that you have taken its life-blood to pay dividends, and the public will demand that it be built up into a normal and healthy condition. On the other hand, it could not have gone on as it was. But the corporation will suffer much more if a delayed justice is turned into vengeance. "You ask me what I could do.
John required a largish floating capital to enable him to go to the desperate lengths he did at hazard and rouge-et-noir; and I am afraid that if Mr. or Mrs. Clements were to receive any of those so-called Austral dividends, they would only have been taking three hundred pounds a-year out of their principal moneys in John's immaculate keeping.
But it was the nearest they had yet found, and the highest as well, so that the partners were made the less critical by the contemplation of their splendid dividends. Wicks put in £100, and stood to draw captain's wages for two months; his taking was £333 3s. 6-3/4d. Carthew put in £150; he was to take out £401 18s. 6-1/2d.