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And now, after little more than a year and before the subscribers to the new joint-stock fund had paid in their second installment, the Lord Governor and Captain General of Virginia was back in London to make a public confession that in Virginia he had nearly died of the ague, flux, and scurvy.
What does it matter who is rich or who is poor, provided that there is a constant quantity of rich people to be taxed? Joint-stock companies, limited liability companies, every sort of enterprise that pays a dividend, has been carried on for twenty years in England, commercially the first country in the world.
Will the whole Finance Ministers and Upholsterers and Confectioners of modern Europe undertake, in joint-stock company, to make one Shoeblack happy?" Hunger is a real thing horribly real; but it is comparatively easy to deal with, and man has deeper needs. The Shoeblack, according to Teufelsdröckh, wants "God's infinite universe altogether to himself."
Joint-stock banks, therefore, and clubs, "having a personality, lie under the necessity of sanctifying that personality by the offices of religion;" and thus we have "a new and imperative ground" for requiring all the directors and clerks of joint-stock banks, and all the members of clubs, to qualify by taking the sacrament. The truth is, that Mr.
Ships may be registered in the name of trustees, for the benefit of joint-stock companies. And many other regulations are adopted, with the same general view of rendering the mode of holding the property as convenient and as favorable as possible.
More recent revulsions are still more to the point. In 1825, in England, there were enormous speculations in joint-stock enterprises and foreign loans. Some five hundred and thirty-two new companies were formed, with a nominal capital of about $2,200,000,000, and Greek, Austrian, and South American loans were negotiated, to the extent of $275,000,000.
The discipline, chiefly associated with Dale's office as marshal, made his loyal decision to remain in the colony for another two years as lieutenant governor a further contribution to the ill repute of Virginia's name. Dale finally came home in 1616, the year in which the dividend on the 1609 joint-stock fell due.
This winter Expedition to Mahren was one of the first Friedrich had ever undertaken on the Joint-stock Principle; and it proved of a kind rather to disgust him with that method in affairs of war. A deeply disappointing Expedition. The country hereabouts was in bad posture of defence; nothing between us and Vienna itself, in a manner.
Paracelsus has turned pill-maker, and prospers exceedingly, and sells out to a joint-stock company. But the great procession gravewards goes on, the "thin black lines" creeping along all day long, and there is no falling off in the consumption of sherry and biscuits. The scythe of the Black Angel shines opus fervet and it is always the mowing season.
More colonists were needed in the colony, more capital required to transport and maintain them, more authority to direct and control them. To meet these needs, a charter was obtained in 1609 which created an incorporated joint-stock company under the title of "The Treasurer and Company of Adventurers and Planters of the City of London for the First Colony of Virginia."
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