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Kaffrath was duly impressed and appropriately depressed, for his eight hundred shares would be depressed in value by the necessity of heavy expenditures for tunnels and other improvements. Nevertheless, there was some consolation in the thought that such betterment, as Addison now described, would in the long run make the lines more profitable. But in the mean time there might be rough sailing.
Brokers whose supply of American Match had been apparently exhausted on the previous day now appeared on 'change bright and early, and at the clang of the gong began to offer the stock in sizable lots of from two hundred to five hundred shares.
One afternoon two of his best customers, who were now up to their chins in shares, came and solicited a heavy loan on their joint personal security. Hardie declined. The gentlemen went out. Young Skinner watched them, and told his father they went into the new bank, stayed there a considerable time, and came out looking joyous. Old Skinner told Mr. Hardie.
Soon ez he gets control, the first thing he does is to say that it wants half a million o' money to make it pay, and levies an assessment of two hundred dollars a share. That's nothin' for them rich fellows to pay, or pretend to pay, but for boys on grub wages it meant only ruin. They couldn't pay, and had to forfeit their shares for next to nothing.
Yes, on my honor, I'll buy in some of that stock: it's utterly worthless for years to come, and there must be thousands and thousands of shares of it in the market. Yes, I will do it as soon as I have made two hundred per cent. on my silver-mine. Yet it does seem a pity " and he gave us a prudent nod "to put money into such a broken-down concern."
If not, and if the Leviathan should decline the overtures that will be made to him during his summer visit to London, I should like your estimate of five thousand shares more, to be picked up in the next three months, which will assure our friends the control. Should the prospective figure be too high, we may elect to sell out, after rigging the market for a boom.
The plays attributed to B. and F. number 52 and a masque, and much labour has been bestowed by critics in endeavouring to allocate their individual shares. It is now generally agreed that others collaborated with them to some extent Massinger, Rowley, Shirley, and even Shakespeare.
"You know Cathcart got the post of Consulting Surveyor and Engineer to the Bekwando Syndicate, and he was head man at our London place. Well, they sent me from Capetown to be junior to him, and a jolly good move for me too. I never did see anything in Cathcart! He's a lazy sort of chap, hates work, and I guess he only got the job because his uncle had got a lot of shares in the business.
The witness was asked on what system certain authorised but unallotted shares were distributed at par. They were, he stated, given to journalists and other persons "who had to be satisfied on this Charter." I am not by nature a suspicious person, but, rightly or wrongly, that appeared to me to be a short cut to ruining the Empire.
"We're penned up; whoever has us cornered may now come round and knock us on the head whenever he finds it convenient." "The market is still weak," observed one, "for all it lived through the panic. Suppose we creep in to-morrow and cover our shorts. The shares are forty-three; I for one think it might be wise to close the deal and take our losses, even if we go as high as fifty."
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