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Burr promptly and frankly informed the honourable member, that it not only did authorize, but that it was in tended the directors should use the surplus capital in any way they thought expedient and proper. That they might have a bank, an East India Company, or any thing else that they deemed profitable. That the mere supplying the city with water would not, of itself, remunerate the stockholders.
A director in the Bank of Manhadoes from its beginning and one of its largest stockholders, he was the most eligible man to succeed Masters in the active management of its affairs, and the only man whose election once proposed would certainly command the support of the directors against the scheme of Farnsworth.
Martinson had spent an unpleasant evening with Bently Brown, or so he declared. He had called up several stockholders of the Acme, and had talked the matter over with them, and "Well, cut the preamble, Mart," snapped Luck, trying to warm one foot by rubbing it with the other one. "Do I go on with the work, or don't I?" "From the looks of the weather " Mart began to temporize.
"But they won't let us out only one at a time, and I'm 'fraid to go alone, 'cause of Cochise. Besides, the Hole is Dad's ranch. He won't give it up and Slade keeps promising him his share of the profits, and it's a mighty flourishing business." "What, farming in a place like this?" "Course not. That's just for fodder. We're stockholders, Dad says. We con conduct a stock exchange.
The trustees of the hospital, the stockholders in these licensed faro-banks for they were, like all robbing-machines, joint-stock companies and many who honestly believed this the best system to prevent gaming as far as possible, were seen hanging about the lobbies of the Legislature. Each had his argument in favor of continuing the license, but all were based upon the same motive interest.
As Gould had used these directors as catspaws, they were aggrieved because he had kept all of the loot himself. If he had even partly divided, their sentiments would have been quite different. The English stockholders took no chances on this occasion.
On this, fifty-eight miles were completed when dissensions arose, occasioned by financial stringency among the stockholders of the Credit Mobilier. Vice-President Durant going into court, compelled suspension of action on the third contract, made March 1st, 1867, with one J. M. Williams who had assigned it to the Credit Mobilier.
The experience of the stockholders of Solaris Farm shows how the ancient curse was removed by unselfish co-operation, and labor crowned with the dignity that is its due. While Solaris Farm was not intended as a propaganda of spiritualism, that cult has been introduced with considerable dramatic effect for two apparent reasons.
Most of the great organizations of Eugene's day were already reaching a point where they were no longer controlled by the individuals who had founded and constructed them, but had passed into the hands of sons or holding companies, or groups of stockholders, few of whom knew much, if anything, of the businesses which they were called to engineer and protect.
She and Miss Prince were smiling indulgently upon the impatient young man, who was describing to them a meeting of the stockholders of the Turnpike Company, of which he had last year been made secretary. A dividend had been declared, and it was larger than had been expected, and the ladies were as grateful as if he had furnished the means from his own pocket.
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