United States or Wallis and Futuna ? Vote for the TOP Country of the Week !
But a joint-stock company, consisting of a small number of proprietors, with a moderate capital, approaches very nearly to the nature of a private copartnery, and may be capable of nearly the same degree of vigilance and attention.
In the space of two years forty-seven companies of this kind were founded, with a combined capital of 358 millions of roubles. To understand the full significance of these figures, we must know that from the founding of the first joint-stock company in 1799 down to 1853 only twenty-six companies had been formed, and their united capital amounted only to thirty-two millions of roubles.
Governor White soon found it necessary to go back to England for supplies, and, in consequence of the Spanish war, three years slipped by before he was able to return to the colony. He was then too late. Every soul had perished, and to this day nobody knows how or where. Ralegh could do no more, and in 1589 made over all his rights to a joint-stock company of merchants.
Selfishness can join nothing; it may join a set of men for a time, each for his own ends, just as a joint-stock company is made up; but it will soon split them up again.
The owners, however, were widely scattered, for the mill had belonged to a joint-stock company composed of a dozen or more members. Colonel French was pleasantly surprised, upon looking up certain musty public records in the court house, to find that he himself was the owner, by inheritance, of several shares of stock which had been overlooked in the sale of his father's property.
In 1836, however, he was better, and some unscrupulous Parisian speculators induced him to lend his name to a joint-stock undertaking, a sort of gambling-room and concert-hall, which they called the Casino Paganini.
Cavalier brought his experience, Fendant his industry; the capital was a joint-stock affair, and very accurately described by that word, for it consisted in a few thousand francs scraped together with difficulty by the mistresses of the pair.
He cannot, of course, prevent the subject from being mooted during the ensuing session, because there are persons, unfortunately, sent to Parliament for the very purpose; but while he is listening with a calm smile, and apparently thoughtfully, to the voluble tradesmen who are haranguing him upon the subject, it is not improbable that he will be revolving in his mind matters much more personally interesting and important to them; viz. how he shall put a stop to the monstrous joint-stock banking system frauds, as exhibited at this moment at Manchester, in the Northern and Central Banking Company, and other similar establishments, blessed with the disinterested patronage of the chief member of the "Anti-Corn-Law League."
Doubtless there is more of poetry and romance in his deeds than in the achievements of the counting-house aristocracy, the hierarchy of joint-stock corporations that was taking the lead in the world's affairs.
In reply to another question, Professor Queerspeck stated that no substitute for the purposes to which these arcades were at present devoted had yet occurred to him, but that he hoped no fanciful objection on this head would be allowed to interfere with so great an undertaking. 'MR. JOBBA produced a forcing-machine on a novel plan, for bringing joint-stock railway shares prematurely to a premium.
Word Of The Day