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Not being a corporate body, having no stockholders, debtors, or property, and but few officers, it would not be obnoxious to the constitutional objections which are urged against the present bank; and having no means to operate on the hopes, fears, or interests of large masses of the community, it would be shorn of the influence which makes that bank formidable.
It will be observed that stockholders can never receive a larger dividend than six per cent. per annum, and this only in case the receipts exceed the expenditures. There are therefore two points to be considered by those willing to invest first, the character of the managers, and second, the prospect of the pecuniary success of the enterprise.
Barnum was one of the original stockholders. This part of the city was laid out by General Noble and Mr. Barnum, and various streets were named after members of the two families. A public school was also named for Mr. Barnum.
At almost any time upon returning home he found in his salon a senator, a deputy, a magistrate, or a general, who treated Madeleine with grave familiarity. Deputy Laroche-Mathieu, who dined at Rue Fontaine every Tuesday, was one of the largest stockholders of M. Walter's paper and the latter's colleague and associate in many business transactions.
The stock he kept intact, refusing to take the dividend upon it until that collapse of the company should occur which he confidently predicted, when he would make good the swindled stockholders. I had no reason to doubt his perfect faith in this. The next morning we were up early for a breezy gallop over the three square miles of Enriquez's estate.
However, let us keep this proportion of one to three. To establish a factory in which five hundred workmen find employment, I need sixteen hundred workingmen stockholders in order to have the necessary capital.
My wife inherited from her father some shares in that enterprise, which is not yet fully developed, though it doubtless will become a very valuable property. The law of Maine then forbade stockholders to appear by proxy at such meetings. Polly disliked to go, not being, in fact, a "hens'-rights hen," and transferred her stock to me. I, after going once, disliked it more than she.
Lester was one of the original stockholders of the Commercial Insurance Company, and a director and member of the executive committee for several years. He has twice been elected Commissioner of Water Works. Mr. Lester has, all through his commercial life enjoyed to an unusual degree, the confidence and esteem of his fellow citizens. Alva Bradley.
All through that year, while the end of the track hung there, things kept getting more and more uncomfortabler. When construction started up again the little Englishman, in spite of the dose we give him, reported favorable on construction and the English stockholders put up the stake they was asked to things got to be worse still.
Its resources have grown to vast totals; its credit equals that of the best of American railroads; its stocks and bonds are prime investments; and each year it pours millions of dollars of profits into the hands of its stockholders.
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