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Updated: June 18, 2025
Three phenomena particularly characterised that metropolitan winter: the reckless rage for private gambling through the mediums of bridge and roulette; the incorporation of a company known as The Inter-County Electric Company, capitalised at a figure calculated to disturb nobody, and, so far, without any avowed specific policy other than that which served to decorate a portion of its charter which otherwise might have remained ornately and comparatively blank; the third phenomenon was the retirement from active affairs of Stanley S. Quarrier, the father of Howard Quarrier, and the election of the son to the presidency of the great Algonquin Loan and Trust Company, with its network system of dependent, subsidiary, and allied corporations.
In cases where no recapitalisation has been effected for a considerable series of years the yearly earnings of such businesslike coalitions have been known to approach fifty percent on the capitalised value.
Moreover, criminals who are engaged in low-grade commercial affairs, with the large lure that makes them worth while, can usually arrange that the lash should fall on a subordinate's shoulders. It has been ascertained that the "capitalised value" of the average prostitute is nearly four times as great as that of the average respectable working-girl; how many lashes will alter that?
They are a part of the London Settlement of May, 1921, and, roughly speaking, they may be said to represent the excess of the Reparation Commission's assessment over the capitalised value of the London Schedule of Payments, and a bit more. That is to say, they are pure water.
A man penned me in a corner with a single heavily capitalised sentence. 'There is a General Sentiment among Our People that the Japanese Must Go, said he. 'Very good, said I. 'How d'you propose to set about it? 'That is nothing to us. There is a General Sentiment, etc. 'Quite so.
A hint, a suggestion, might have capitalised a dozen claims to having said so all along. But all was primeval silence. There was not a murmur in Space to connect the two. Mr. He called on the landlord, the gentleman of independent means at Brixton, with this document in his pocket and a strong conviction of his own honesty in his face, and pointed out that what he said all along had come to pass.
Mr Meldrum and his family also went on; the ex-commander in the Royal Navy having sold out the little property he had at home and capitalised his pension with the object of settling in New Zealand, had now no desire to return to England, or the means to live there if he had such a wish. Frank did not forget his engagement with Kate, however.
The Republican papers spoke solemnly of the new era of prosperity upon which the country was entering, referred to the stimulating effect of the higher prices upon capitalised industry, and distorted the situation to an augury of a sweeping Republican victory in the next Presidential campaign. Day in and day out Gretry's office, where Jadwin now fixed his headquarters, was besieged.
They entrusted to the Representative Body of the Church the capitalised value of the life-interests secured to them by the Act. The money was their private property, and their action one which involved great self-denial, for they gave up the security offered by the State. The money was so calculated that the whole should be exhausted when all payments were made.
I take it that the whole object of education is, in the first place, to train the faculties of the young in such a manner as to give their possessors the best chance of being happy and useful in their generation; and, in the second place, to furnish them with the most important portions of that immense capitalised experience of the human race which we call knowledge of various kinds.
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