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You know what that means, George. It will tie up every dollar I have. Those street-car holdings of yours will be tied up with me. I won't be able to let you realize on them, and that will put those loans of mine from the treasury in bad shape. You won't be able to put the money back, and you know what that means. We're in this thing together.
I hear on very good authority that the purchaser of part of one of the old estates has acquired an unpleasant notoriety in his management of the land. I am compelled to believe that in the old period the peasants enjoyed their little holdings at a very low rent.
Not so long since, in speaking of the vast lumber region in a northern state where his aunt possessed important holdings, he had told her of the troubles that frequently ensued by reason of lawless timber thieves. Then, too, the camp for which he was bound was large and comprised a rough element of men.
On her twenty-fifth birthday I shall present to her as a gift all of my holdings in Graustark. She may do as she sees fit with them. Permit me to wish you all good day, my lords. You may send the contract to my hotel, Baron. I expect to remain in the city for some time."
We may here notice that the scheme embraced portions of the city covering between 50 and 60 acres, and containing a population of nearly 60,000 being equal to the entire population of Glasgow and its suburbs 100 years ago. The valuation of the property to be acquired amounted to £1,200,000, divided into many small holdings.
Small holdings, back to the land ah! philanthropic bunkum. Take it as a rule that nothing pays on a small scale. Avery's Farm, Sishe's what they call the Common, where you see that ruined oak one after the other fell in, and so did this, as near as is no matter. "But Henry had saved it; without fine feelings or deep insight, but he had saved it, and she loved him for the deed.
On the other hand, by this time it held no very great prizes in the shape of vast tracts of rich and unclaimed land. In consequence there was less temptation to speculation among those who went to this part of the western country. It grew rapidly, the population being composed chiefly of actual settlers who had taken holdings with the purpose of cultivating them, and of building homes thereon.
It meant that Weaver would have to sell off about a thousand head of cattle, while the hill-men, on the other hand, could increase their holdings. "What about sheep?" the old man asked bluntly. Buck's stony gaze met his steadily. "I'm going to leave those sheep on your conscience, Mr. Sanderson. You'll have to settle that matter for yourself."
DRAINS AND REPAIRS. Instead of the ordinary system of bit-by-bit repairs and instead of arrangements for the tenants to execute drains, as the first step after the change of proprietorship, a complete survey was made of the defects and of the value of all the holdings.
The part played in the business by the directors themselves seems to be, with every increase in the magnitude and scope of the concern, steadily diminishing; and these directors, moreover, come to be chosen, more and more, not because of their large holdings of shares, or because of their ancestral or personal connection with banking, but because of their reputation or influence, commercial, social or political.
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