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The Times-Mirror 1991 survey, "The Pulse of Europe" was used as a benchmark. With the implosion of communism in 1989 and the disintegration of the Soviet Union in 1991, large swathes of central and eastern Europe found themselves devoid of an internal market, an economic sponsor, or a military umbrella.
The line from the altar stone to the Friar's Heel, which is popularly supposed to point to the midsummer rising, has certainly never done so in the last ten thousand years, and therefore could not be used as the direction of the avenue. Eventually Sir Norman decided to use a line from the centre of the circle to a modern benchmark on Sidbury Hill, eight miles north-east of Stonehenge.
Still, if earnings are retained and not transmitted to the investor as dividends why should they affect the price of the share, i.e., why should they alter the capital gain? Earnings serve merely as a yardstick, a calibrator, a benchmark figure. Capital gains are, by definition, an increase in the market price of a security.
With a certain amount of condescension and considerable truth, they thought colonial Virginia would be ill-served if they refused to lead and government was run by those who were less qualified to hold office. They set a standard which has remained the benchmark of Virginia political ethics.
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