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Updated: June 18, 2025
It would raise the well, it would if the other bondholders knew anything about it. But you can change that for your check, and nobody the wiser." "Oh, Rodney!" She was on his knee now. He was good, after all. Her head was on his shoulder, and she was crying a little. "I've been so unhappy, so unhappy, all day! And I can send that?" She sprang up.
After the building of the Canal, the command of this short cut to India made Egypt still more important. England bought shares in the Canal, so using finance as a means to a political object; and it did so still more effectively when it used the Egyptian default and the claims of English bondholders as an excuse for taking its seat in Egypt and sitting there ever since.
The bondholders know more about the Symes Irrigation Company and conditions under the project than I ever did. They know that your none too perfect water-right won't furnish water for a third of the land under the ditch. They know that if you had every water-right on the river that there's some ten thousand acres of high land that couldn't be reached with a fire-hose.
Maybe you'll have some money left when we're done and maybe you'll not have a red cent. In any case, the old man is with you, Lee, to the end of the scrap if you go ahead. What about your bondholders? Will they stand for risking what's not yet spent? They will save considerable by your stopping now; they'll lose all if we fail." "What do you " Pat's raised hand halted him.
In South Africa there was no question of default, or of suffering bondholders. There was a highly prosperous mining industry in a country that had formerly belonged to us, and had been given back to its Dutch inhabitants under circumstances which the majority of people in this country regarded as humiliating.
The long story of its tribulations hardly made it a tempting morsel for the men who were then most active in the railroad field. In 1895 or 1896 the several protective committees which had been appointed to look after the interests of stockholders and defaulted bondholders had tried to induce J. P. Morgan to undertake the reorganization, but he had refused.
Where so incurred, your representatives persistently and successfully maintained that no attempt by the mother country to mortgage to bondholders the revenues of custom-houses or in any way to pledge the future income of the territory could be recognized as a valid or binding security that the moment the hand of the oppressor relaxed its grasp, his claim on the future revenues of the oppressed territory was gone.
Balfour, the prime minister, replied: I do not deny in fact, I freely admit that bondholders may occupy an international position which may require international action; but I look upon such international action with the gravest doubt and suspicion, and I doubt whether we have in the past ever gone to war for the bondholders, for those of our countrymen who have lent money to a foreign government; and I confess that I should be very sorry to see that made a practice in this country.
When charity has its martyrs, why has it not its amateurs? If there should suddenly be formed a congress of bondholders, capitalists, and men of business, retired but still fit for service, with a view to carrying on a certain number of industries gratuitously, in a short time society would be reformed from top to bottom. But work for nothing!
The desperate state of Egyptian finance, which led to the sale of the precious Suez Canal shares, at last opened the eyes of the bondholders. Mr. The accounts were found to be in a state of wild confusion, with little or no chance of learning the actual facts controlling the financial situation.
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