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Updated: May 19, 2025
"A body of very poor persons, individually in the commercial sense of the term insolvent, manage to create a new basis of security which has been somewhat grandiloquently and yet truthfully called 'the capitalization of their honesty and industry. The way in which this is done is remarkably ingenious.
It may be argued that before the War the total of all private patrimony in Germany surpassed but by little three hundred milliards of marks; and this is a valuation made upon generous criteria. But when it is said that the annual capitalization of Germany was ten milliards, that is not to say that ten milliards of capital is deposited in the banks ready to be transferred at will.
Which transaction gave Scattergood another profit on the whole affair of nineteen thousand six hundred dollars this time a capitalization of the spite of man toward man. It will be seen that McKettrick owned 49 per cent of the stock, Castle, 49 per cent, and Scattergood, 2 per cent. He was now in a position to await developments.
A manufacturer staked him at the start. Later, through a friend, some Wall Street capital was interested. Such was the start of J.D. Maxwell, whose interests to-day are merged in a company with a capitalization of sixteen million dollars. A curly haired Vermont machinery salesman, who had sweated at the lathe, became factory manager for a Detroit automobile-maker.
If we say we have done nothing, then, of course, the natural inference is that we are a pair of swindlers, and that our scheme is a fraud. 'I have always thought, said John, 'that the capitalization is too high. 'Really, I believe you think that article is not so unfair, after all. John, I'm astonished at you!
According to "The Economist", in the wake of the atrocity, insurance companies slashed their coverage to $50 million per airline per event. EU governments had to step in and provide unlimited insurance for a month. The total damage, now pegged at $60 billion constitutes one quarter of the capitalization of the entire global reinsurance market.
Comparing the two concerns, Bobby felt that in the Brightlight he had vastly the better property of the two, in that there was no water in it at its present, half-million-dollar capitalization.
Under the consolidating act of 1853 the capitalization was run up to about $35,000,000. This fictitious capital was partly based on roads which were never built, and existing on paper only. Then followed a series of legislative acts giving the company a further list of valuable franchises and allowing it to charge extortionate rates, inflate its stock, and virtually escape taxation.
Its biggest industries are a packing plant, machine shop and foundry, soap factory, planing mills, brick plant, flour mills and railroad yards. Financial Strength The six banks in Reno have a total capitalization of $1,745,000 and total deposits of $14,782,751.92. Total resources amount to $18,363,651.94.
Take the simplest possible illustration: The industry of manufacturing a particular commodity is carried on by a number of corporations scattered throughout the country with an aggregate capitalization of, say, $10,000,000. A, B, and C form a holding company to acquire a bare majority of the stock of each corporation, say $5,100,000 in the aggregate.
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