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For one or two large stock-holders, who wish to secure good grazing ground, and be apart from others, it might answer well, but even they would ordinarily labour under difficulties and disadvantages which would make their situation not at all desirable.

The hire of a horse and cart in Melbourne is, one pound four shillings for the day. In addition to those above spoken of there is another class of settlers, who were the original stock-holders and land-purchasers in the district. They have large tracts of country in the Bush, and thousands of sheep and cattle on then, and all managed by servants and overseers.

Two of the stock-holders came in at this moment, and Agnes went down into the store to find Biff Bates and Nellie Platt, for there was much shopping to do. Agnes had taken pretty Nellie under her chaperonage, and every day now the girls were busy with preparations for certain events in which each was highly interested.

In the society column of a belated newspaper which reached me yesterday, I read that two of the principal stock-holders, Mason North and your cousin, Ripley Halstead, together with their families, had gone also in a private car to Mexico. You will return to New York now, will you not?" Willa's eyes sparkled dangerously and she clenched her little hands.

This prospered. He borrowed from the banks, and went on building. Ten years passed. The property was unencumbered; he had paid both interest and principal. He did not believe in stock-holders. He sold no stock. Every nail, bolt and screw was his; every brick, stone and beam. There were no directors to meddle with his plans, no fool's hand to block his progress, to thwart his vast projects.

It was no uncommon sight to see in the parlors in the evening John Pierpont Morgan, Norvin Green, Grosvenor P. Lowrey, Henry Villard, Robert L. Cutting, Edward D. Adams, J. Hood Wright, E. G. Fabbri, R. M. Galloway, and other men prominent in city life, many of them stock-holders and directors; all interested in doing this educational work.

He was to use every effort to keep the plan secret, and would make no attempt to obtain the stock-holders' list of the road. The reason for this came out a little later, when the subject of the old-time survey was broached. "I must take steps to get hold of those plans," said Price.

"But," Hazel murmured, in some perplexity, "from what little I know of corporations, I don't see how he can set up any difficulty. If a majority of the stock-holders decide to do anything, that settles it, doesn't it? Bill is a minority of one, from what you say. And I don't see what difference his objections make, anyway. How can he stop you from taking any line of action whatever?"

These cannot be said to be stock-holders, for they are not admitted to any share in the executive management; but according to the present system they are termed Commissioned Officers, and receive merely the proceeds of the share allotted to them. They enjoy, however, one very superior advantage, they are not subjected to bear their share in any losses which the Company may sustain.

It is a positive fact that the stock of the Jerome Company was not worth half as much, three months after Barnum came into the concern as it was before that time. Some of the stock-holders did not like to have Terry own stock, and Barnum to satisfy them, bought him out, paying him twelve thousand dollars in cash he in the end, making a grand thing out his Ansonia remains.