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Every concern they bought was overcapitalised to begin with; I doubt if two hundred million dollars' worth of honest dollars was ever put into the Steel Trust properties, and they capitalised it at a billion, and now they've raised it to a billion and a half! The men who pulled it off made hundreds of millions, and the poor public that bought the common stock saw it go down to six!
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.
Spencer that conscience, so far from being the voice of God, is but "the capitalised instinct of the tribe," an empirical fact established by heredity, just like fan-tails in pigeons; when Mr. Clifford popularises this teaching in St. George's Hall by announcing that conscience is the voice "of man bidding us to live for man," and Mr.
For those not familiar with this notion, the process, in brief, is this: The Government pays the tithe-holder the capitalised value of his tithe, and takes over from the landlord as much land as produces in net annual rent the amount of the tithe-rent charge, leaving the rest of his land tithe-free for ever.
He sat down amid ecstatic cheers and Nicholas Burr came forward. His face was grave, but there was the light of enthusiasm in his eyes and his head was uplifted. "There's a man who has capitalised his conscience," sneered a Webb follower with a smile. Across the hall Ben Galt was lighting a cigar, the tattered remains of his fan at his feet.
Indeed, the common man who depends for his livelihood on his daily earnings is in a more immediately precarious position than those who have something appreciable laid up against a rainy day, in the shape of a capitalised source of income.
In this case the capitalisation of the reserve fund puts this temptation out of their reach since, when once the reserve fund has been capitalised, it can only be got at by greedy shareholders through the process of liquidation. Since, however, the shareholder in these times is not quite so short-sighted as he used to be, there is not perhaps really very much advantage in this point.
From Scawthorne Joseph received an assurance that the whole of the Australian property had been capitalised and placed in English investments; also, that the income was regularly drawn and in some way disposed of; the manner of such disposal being kept private between old Mr. Percival and his client.
Your properties are already capitalised at twice what they cost you, because you are naturally hopeful, and that is what you expected they would earn; but now for this new combination you issue stock to the amount of three times this imagined value.
An insurance capitalised may exceed the value of the property insured, and the drain caused by armies and navies may be much greater than the havoc they prevent. And those dreaded possibilities, even if really evil, may well be less so than is the hateful actuality of military taxes, military service, and military arrogance.
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