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Updated: May 19, 2025
And then when I had managed to get it installed and had proved what it would do, I made them increase their capitalization and give me a half interest told them if they didn't I would take my process to their competitors and put them out of business. Later I managed to gain the control and after that it was easy." His voice changed to a tone of arrogant, triumphant boasting.
The entire capitalization of $250,000, which I think will fairly represent the financial status of the farm at the end of the first five years, is divided as follows: Purchase price of land $ 32,000 Improvements 68,000 Buildings 100,000 Live stock, equipment and machinery 50,000 $250,000 Of the last named item, about $25,000 is estimated for machinery.
You know perfectly well that a trust business staggering under a capitalization many times too big is not a business that can afford to admit competitors into the field; because the minute an economical business, a business with its capital down to hard pan, with every ounce of its capital working, comes into the field against such an overloaded corporation, it will inevitably beat it and undersell it; therefore it is to the interest of these gentlemen that monopoly be maintained.
Notwithstanding the great value of many of the lines, its physical condition was poor; the liabilities and capitalization were enormous; and much of the mileage was distinctly unprofitable.
But a Government mail subsidy of $858,000 annually promised a sound financial basis, and made the task of capitalization possible.
The total capitalization of all they own would not bring home to us the influence of Morgan and his associates, direct and indirect, honest and corrupt, over presidents and Congresses; governors and legislators; in both political parties and over our political powers.
Therefore the best way of examining the annual capitalization of a country is to see how many new industries have arisen, to what extent the old ones have been improved, what improvements have been introduced into agriculture, what new investments have been made, etc.
In other words, about $700,000,000 of the capitalization was "water," that is, securities issued in excess of the value of the tangible properties owned.
It includes one hundred and eighty makers, whose capitalization is three hundred millions, and whose investment is more than half a billion dollars. There still remain to be discussed two phases of the automobile which have tremendous significance for the future of the industry its commercial adaptability and its relation with the farmer and the farm. Let us consider the former first.
Long before the Forminiere came into being, the Société Generale was the chief financial factor in the Congo. With the exception of the Huileries du Congo Belge, which is British, it either dominates or has large holdings in every one of the sixteen major corporations doing business in the Colony and whose combined total capitalization is more than 200,000,000 francs.
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