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In a word we shall get Horse's Neck for a hundred and twenty-five thousand and have three hundred and seventy-five thousand left out of what we subscribe to underwrite the stock to put it on its feet." "That's all right," debated Hunn. "But how about the other stockholders in Horse's Neck that Beck referred to? Where do they come in?" "I've thought of that," returned Elderberry.
If the Confederate Government would issue to him bonds secured by cotton, Erlanger would underwrite the bonds, put the proceeds of their sale to the credit of the Confederate agents, and wait for the cotton until it could run the blockade or until peace should be declared.
When the Administration began its work, it was found expedient to underwrite practically all that the Polk Administration had accomplished. There was no idea of reopening the bank or financial questions; and the tariff was already so successful that it would have been plain folly to change it.
"Such was the zeal of subscribers that for a while many subscribed with tears on their cheeks"; some were indeed reputed to have "drawn their own blood and used it in place of ink to underwrite their names." The force given to Scottish freedom by this revival of religious fervour was seen in the new tone adopted by the Covenanters.
Industrial ventures are associated with so many risks that they are usually left to the smaller fry, and those who underwrite them expect higher rates of commission, while subscribers can only be tempted by anticipations of more mouth-filling rates of interest or profit.
The French banks take over their share, and sell it to their customers who are, or were, in the habit of following the lead of their bankers in investment with a blind confidence, that gave the French banks enormous power in the international money market. The English issuing house sends round a stockbroker to underwrite the loan.
Congress went even further, providing coverage for 180 days and a refund of all war and terrorist liabilities above $100 million per airline. The Americans later extended the coverage until mid-May. The Europeans followed suit. Despite this public display of commitment to the air transport industry, by January this year, no re-insurer agreed to underwrite terror and war risks.
"Of course you've got to give the old stockholders notice, but we can rush the thing through and before anybody wakes up the thing will be done. Then they can holler all they want." "Well, I'll come in," announced Hunn complacently. "So will I," echoed Scherer. "And the firm can underwrite the last hundred thousand, and that will clean it up."
There's to be additional capital raised and we're to come in as shareholders. Ascher, Stutz & Co. will underwrite the new issues and take three and one-half per cent. That's what he says. But, of course, that's not the real game. There's something behind." "Doesn't it occur to you that there may be something behind the Ulster movement too?" "No. What can they do?
There was a telegraphic message, but he put it aside and opened a bulky envelope whose stamp he recognized. Then the missive he took out rustled a little in his hand as he read: "I'm afraid negotiations are not progressing well. Mortimer, as you will see by enclosed copies of correspondence, demands a revaluation which would not be advisable before he will underwrite any of the capital."
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