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Astor to subscribe to the stock, telling him that it would add to the value of his real estate. "What do I care for that?" said the shrewd old German, "I never sells, I only buys." "Well," said Judge Hoxie, "your son, William, has subscribed for several shares." "He can do that," was the chuckling reply, "he has got a rich father."
"All we want, gentlemen, is your backing. You needn't put down any money. Your names will be enough. I will make over to you such bonus shares as may be agreed upon. The only risk we run is lawsuits about our patent rights. You understand how that game is worked. I needn't explain." It was evident that both Ascher and Stutz understood that game thoroughly.
Be it enacted, &c." By this bill the treasurer was instructed to subscribe, in behalf of the State, for a specified number of shares in each company.
A trust company over here in your next town had twelve hundred shares, but we found out that they knew the value of the property and, if they learned what we were up to, would hold for a fancy price. So, through this chap Pulcifer we bought HIS five hundred shares we began buying up the thirteen hundred which would give us a controlling interest and force the other crowd to do what we wanted.
He broke off abruptly at this point as Kenyon himself arose leisurely with a serene smile and outstretched hand. "Exactly Kenyon!" he said. "But if you think he's a rank bad speculator like yourself, sonny, you're mistaken. I didn't make my money that way, and I don't reckon to lose it that way either. But Gardner's right. Those shares are safe. They aren't going down again ever any more."
"There's no difficulty. You know that the natural tendency of the market is to rise." "To rise and to fall," interrupted Alzugaray. "No, only to rise." "I don't see it." "The general tendency of the market is to rise, because having to fall eighty centimos, the value of the coupon, every quarter, if the market didn't rise to offset that loss, shares would reach zero...."
Finding legislation necessary, and knowing how difficult it was to secure the attention of Congressmen to schemes which did not benefit them or their constituents, he distributed shares of this Credit Mobilier, to use his own words, "where it would do the most good."
I can take my choice between a block of shares in the new company, my vote to be in Madeira's control, and a place far back, where I can watch Madeira operate my land to his profit while I wait for old Grierson to die. I am holding off as yet, dazzled by both prospects.
Some were for closing at once and dividing the remaining capital, but, acting on the advise of Messrs. John Taylor and Sons, of 6, Queen Street Place, London, it was, fortunately for the province of Mysore, determined to spend it on the mine. The shares were then as low as tenpence.
Immediately competition became fast and furious, and Abe entered into it with a zest and excitement that completely eclipsed all thought of stock exchanges or copper shares. The bids rose by leaps and bounds, and when, half an hour later, Abe emerged from the fray his collar was melted to the consistency of a pocket handkerchief, but the light of victory shone through his perspiration.
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