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The South Sea company never had any forts or garrisons to maintain, and therefore were entirely exempted from one great expense, to which other joint-stock companies for foreign trade are subject; but they had an immense capital divided among an immense number of proprietors.
Or we might have a Joint-Stock Toilette Association, for the purposes of national art, and receive Brummagem to show it how to dress; we might even succeed in making the feminine British Public drape itself properly, and the B. P. masculine wear boots that won't creak, and coats that don't wrinkle, and take off its hat without a jerk, as though it were a wooden puppet hung on very stiff strings.
And the reason, which it would be vain to try to brush aside, is that competition is legal, joint-stock association is legal, supply and demand are legal, and all the consequences which flow directly from competition, joint-stock association, and free commerce are legal, whereas workingmen's strikes are ILLEGAL. And it is not only the penal code which says this, but the economic system, the necessity of the established order.
He only asked for water fresh water something to wipe the brine off; that done, he put on dry clothes, lighted his pipe, and leaning against the bulwarks, and mildly eyeing those around him, seemed to be saying to himself "It's a mutual, joint-stock world, in all meridians. We cannibals must help these Christians." Nantucket.
It was a "chartered allowance" made to foreign-built iron or steel steamers manned under the French flag for long voyages or for international coastwise trade, of more than 100 gross tons, belonging to French private persons or joint-stock or other companies, the latter having on their boards a majority of French citizens, and the chairman and managers being French.
Now order is restored in everything, and the commercial code has preserved its integrity, its excellent integrity. When commerce needs it, it finds, by the side of partnership, temporary partnership, and the joint-stock company, the free silent partnership, tempered only by the prudence of the silent partners and by the provisions of the penal code regarding swindling."
The High Street was discovered to be too tortuous for these awakening energies, and a new road cut off its worst contortions. Residential villas appeared occupied by retired tradesmen and widows, who esteemed the place healthy, and by others of a strange new unoccupied class of people who had money invested in joint-stock enterprises.
The companionship of so many seemed to make a joint-stock of their suffering; it was next to impossible to individualize it, and so bring it home, as one can do with a single broken limb or aching wound. Then they were all of the male sex, and in the freshness or the prime of their strength. Though they tramped so wearily along, yet there was rest and kind nursing in store for them.
They'd make you turn in cash or property the equivocal thereto every time you organized. Wouldn't that be sweet? This joint-stock arrangement is the only way to beat the game. It's a shrewd device, and my hat's off to the guy that invented it." "Very true. Very well expressed.
It tends to be the most unimproving and shallow of governments in quality, and to over-government in point of quantity. In fact, experience has proved in the case of joint-stock banks and of railways that they are best conducted by an admixture of experts with men of what may be, called business culture.
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