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But the most superficial examination of the constitution of this society demonstrates very quickly that the sort of enlargement of which it is susceptible, in the matter of the number of stockholders, has nothing in common with the extension of the social bond.
The Boston men were puzzled and confused by this sudden change of front. Later, all parties met at Drew's house, and Vanderbilt brought the Boston men to terms by proposing a plan to Drew whereby they would be entirely left out. This ruse succeeded and a written agreement to the advantage of all, but at the expense of the outside stockholders and of the general public, was then drawn up.
Having confined his piratical proceedings to distant parts of the world, he hoped that he would be able to make Sir George Bellomont and the other stockholders suppose that his booty was all legitimately taken from French vessels cruising in the east, and when the proper division should be made he would be able to quietly enjoy his portion of the treasure he had gained.
It may confer on it such immunities as may induce individuals to become stockholders, and to furnish the capital; and since the extent of these immunities and privileges is matter of discretion, and matter of opinion, Congress only can decide it, because Congress alone can frame or grant the charter.
It is made the interest of banking institutions and their stockholders throughout the Union to use their exertions for the increase of taxation and the accumulation of a surplus revenue, and while an excuse is afforded the means are furnished for those excessive issues which lead to extravagant trading and speculation and are the forerunners of a vast debt abroad and a suspension of the banks at home.
Nothing but a set of more or less impassioned speeches and a string of resolutions could express the indignation of Sevenoaks. A notice was posted for several days, inviting all the resident stockholders in the Continental to meet in council, to see what was to be done for the security of their interests.
The board might have instructed its secretary to make the best compromise settlements possible and have wound up the affairs of the corporation. The public mind was in a receptive mood to accept such compromise settlements and such action would have resulted in extreme financial advantage to the stockholders at the time when the resolution was passed.
"A half-million apiece." "H'm!" Covington soliloquized. "It doesn't look quite so certain to you since Gorham began to get next to the other directors and the big stockholders, does it?" "They've got to have the short lines, and whoever gets them must pay our price."
He then took the president's chair, the former officers fled in disgust and the throng of stockholders wildly applauded. Then the light went out, the machine stopped, and Goldstein opened the door to let in light and air. "It was the same kid, all right," he remarked. "I had never seen this film run before, but it shows how Jones called the turn on the old officers in great shape.
Especially the mariners, cordwainers, smiths, ship-chandlers, boatmen, the tapestry weavers, lace-manufacturers, shopkeepers, and, above all, the India merchants and stockholders in the great commercial companies for the East and West, lifted up their voices for war.
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