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Updated: May 19, 2025


I understand that you have the necessary amount, and here is the proposition I offer you. Brightlight stock is now quoted at a hundred and seventy-two. We will double its present capitalization, and you may take up the extra two hundred and fifty thousand dollars' worth of its stock at par, or about three-fifths of its actual value. That is a bargain to be snapped at, Mr. Burnit."

Thus while the slaves had a guarantee of their sustenance, their proprietors, themselves the guarantors, had a guarantee of nothing. By virtue, or more properly by vice, of the heavy capitalization of the control of labor which was a cardinal feature of the ante-bellum régime, they were involved in excessive financial risks.

If we had increased the capitalization to bring it up to the real value, and listed the shares on the Exchange, we might have been criticized then for promoting a project to induce the public to invest.

The Great Northern was remarkable in at least three respects. Except for the original grants for the Minnesota lines, it was built through to the coast without a dollar or an acre of subsidy from the state. Its capitalization was kept close to the actual cost of the road and its fixed charges were low.

Let each reader take his lead-pencil and remorselessly correct the orthography, the capitalization, and the punctuation of the essay.

The committee has been guided upon this subject by the theory that the treatment of foreign corporations by the Commonwealth should, so far as practicable, be the same as of its own, particularly so far as concerns the liabilities of officers and stockholders, the statements filed with the State authorities for the information of stockholders or others as to their capitalization and the methods adopted of paying in their stock, and the annual reports of condition required for taxation purposes or otherwise.

All men know that gold is found far away, where living is high and means of transportation are scarce; that it costs large sums to find and dig it, and that such sums are more easily raised among the many than among the few. None of these attending features has weight to stop the capitalization of bona-fide enterprises.

Capitalization, like charity, we are told must begin at home, and thirty millions, estimated by the Inspector of Irrigation in Egypt, as necessary to turn Mesopotamia into a prosperous country with an annual revenue in fifty years time of ten millions a year, should be used for house building in England and not for empire building in Chaldea.

During the Cleveland administration, he floated a national bond issue of $62,000,000; he marketed the securities of the United States Steel Corporation, with a capitalization of $1,100,000,000; he secured American subscriptions aggregating $50,000,000 for the British war loan of 1901; he controls over fifty thousand miles of railway, and his interests extend into practically every great financial enterprise in America.

In order to prevent similar discord in the future, the board recommended the establishment of Federal and state wage commissions with functions pertaining to wage disputes analogous to those of the public service commissions in regard to rates and capitalization.

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