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Updated: May 22, 2025
"I imagined that you would have a very favorable report on the Brightlight Electric," he said with a smile, "so I took the liberty of bringing along an outline of my plan for reorganization. If Mr. Garland and Mrs. Sharpe will excuse us for talking shop we might glance over them together." "You're selfish," pouted Mrs.
At five o'clock that evening Con Ripley came jauntily to the plant of the Brightlight Electric Company. Con was the engineer, and the world was a very good joke to him, although not such a joke that he ever overlooked his own interests.
Burnit," began Applerod, "but I have five thousand dollars I'd like to invest in the New Brightlight Company if you could manage it for me." "I'm sorry, Applerod," said Bobby, "but there isn't a share for sale. It was subscribed to the full capitalization before the incorporation papers were issued."
You'd better go to Barrister and have him buy the stock for you." "Yes, sir," said Johnson. Bobby immediately went to De Graff. "I came to subscribe for two hundred and fifty thousand dollars' worth of additional stock in the New Brightlight. I have just deposited two hundred and eighty-five thousand dollars in your bank." "You're becoming an expert," said De Graff with a quizzical smile.
"With the million dollars' valuation at which we are to buy in the present Brightlight, the two hundred and fifty thousand subscribed for by Dan Elliston, and the ten thousand held by Miss Elliston, this new subscription about gives you control of the New Brightlight, don't it?" "That's what I want," Bobby exulted. "You don't object, do you?"
"I'll tell you what we will do, Mr. Burnit. If you care to have us to do so, the Consolidated, a little later on, will absorb the Brightlight." "On what terms?" asked Bobby. "It all depends. We might discuss that later. There's another matter I'd like to speak with you about. Stone wants to see you, even yet. I want to tell you, Mr.
You will give me credit for selling the stock privately and in small lots where it could not break the price. However, Mr. Burnit, I don't see where the sale of my stock affects you in any way. You have the Brightlight Electric now in good condition, and all it needs to remain a good investment is proper management." "I'm afraid it needs more than that," retorted Bobby.
"But, sir," stammered Johnson, "the stock is worth par now." "Would you like to keep it?" "I'd be a fool to say I wouldn't, sir. But the stock is not only worth par, it was worth that in the old Brightlight; and I received an exchange of two for one in the New Brightlight, which is also worth par this morning; so I hold twenty thousand dollars' worth of stock."
"Well," drawled Sharpe, with a complete change of manner, "the property has deteriorated considerably within a remarkably short space of time, but I should say that we would buy the Brightlight for three hundred thousand dollars in stock of the Consolidated, half preferred and half common." "And this is your very best offer?"
One night, shortly after the new officials went into power, there was no light in the twelve blocks over which the Brightlight Company had exclusive control, nor any light in the outside districts it supplied. This was the first time in years that the company, equipped with an emergency battery of dynamos which now proved out of order, had ever failed for an instant of proper service.
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