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Updated: June 18, 2025


Thus he squandered without remorse in gambling hells, and drank elsewhere, the few dividends which the National Treasury paid to its bondholders.

I should like to see a competent special Commissioner of the highest standing such a man, for instance, as the Right Honourable W. E. Forster, who is free at once from traditions of the elders and of the Foreign Office and of the bondholders, sent out to put Nubar in the saddle, sift out unnecessary employés, and warn evil-doers in the highest places that they will not be allowed to play any tricks.

For a time, however, the government was obliged to use extreme parsimony in order to keep the country from further falling under the control of the irresponsible bondholders.

The consequence of this blunder was that Egypt went into default, and England's might was used on behalf of the bondholders who had made a bad investment. This fact has been put forward by Mr.

Lloyd George argues with his capitalist supporters that capitalism will be all the stronger when freed from its parasites. But Lord Rosebery could answer that the active could no more be distinguished from the passive capitalists than landowners from bondholders.

Abe Tutts to whom he owed $2500 for hay and grain waved a genial hand as he passed the door. "How goes it?" he called. "Great!" and the boastful reply sickened him. Great when he was ruined! It was the sentence "Something wrong" which gave Symes that weak feeling in his knees. To what did Mudge refer, to the stock and bondholders or to the project and himself?

The things to be carefully guarded are the completion of the work within the limits of the guaranty, the subrogation of the United States to the rights of the first-mortgage bondholders for any amounts it may have to pay, and in the meantime a control of the stock of the company as a security against mismanagement and loss.

In the meantime, while the road was being built by state gifts and bondholders' lendings, the great bulk of the stock of the parent road and of the chief subsidiaries was conveyed to Messrs Mackenzie and Mann for their services in promoting and managing the system. This method of financing had its dangers.

I'm afraid you'll wind up like one of these bondholders of Gretzingers, just piffling." Lee went to stand at the window, so that Carrigan could not see his face. Emotion had unmanned him. He would not have even Pat know how strongly he was moved by this act of magnanimity. "Well, I better be getting back to the ditch," said the contractor, presently.

And I can't bring myself to the point of surrendering my interest in the company to the bondholders merely to pull them out. They're trying to strangle me in order that they may profit; they could put up the cash needed easily enough if they would; but they count on my yielding. I shall not do so. And so the project fails.

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