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Updated: May 19, 2025
I What does Thompson want now? 'Lo, Punch." "'Lo, Jack. Howdy, Lanpher." Racey could not see the newcomer, but he recognized the voice. It was that of Punch-the-breeze Thompson, a gentleman well known to make his living by the ingenious capitalization of an utter lack of moral virtue. "Say, Jack," continued Thompson, "Nebraska has been plugged." "Plugged?"
"And now you have heard him with your own ears," clamored the banker. "What do you say to that, Mr. Corson?" "All capitalization entails a fair compromise values to be considered in the light of new development," said the Senator. "Let's discuss the proposition, Stewart." "Discussion will only snarl us up. I'm stating the principle. You can't compromise principle! I refuse to discuss."
In the later period, as in the earlier, the aim was the capitalization of the accumulated spiritual treasures, an undertaking that gives little occasion for movement and life, but all the more for endurance and industry. This intellectual balance was destroyed by two events: the appearance of Islam and the rise of Karaism.
However, this amount does not fully represent its real value. In many instances, it only gives the actual cost of the raw material used in construction. This capitalization does not seem so large, when we consider the small individual holdings. Having a par value of $250 a share, we have only $500, in the two shares, for each one of the five hundred co-operators.
In its essential elements the situation in the Far East was not unlike the internal economic condition prevailing at the same time in the United States. In this country great transportation monopolies had been built up, having an enormous capitalization, and many of them were dependent for their profits on the advantage of price fixing that monopoly may be expected to bring.
Much as if a boy, presented by his father with hens and the feed to support them, were to demand the capitalization of the value of all future eggs upon going out of business! In Boston, intelligent legislation was adopted based on good mediaeval principles which allows dividends at a sliding scale according to the price of gas to the consumer.
The original capitalization was ten million shares at one dollar a share. We own or control at least four million shares, for which we paid ten to fifteen cents, while we had sold our original holdings for one dollar sixty to one dollar ninety-five a share.
This consists in expanding the nominal capitalization of an enterprise without an equivalent addition to the actual capital. The rates which the railway has to charge the public tend to increase by approximately whatever dividends are paid on the water.
"Well, the Brightlight Electric is still making money, and Johnson has stopped leaks to the amount of at least twenty thousand dollars a year, which will permit us to keep up the ten per cent. dividends, even with our increased capitalization, and even without an increase of business." "Glorious!" she said with sparkling eyes. "Too good to be true," he assured her. "They'll take it away from me."
It was of Frank's own home they were speaking, disconnectedly, and in a strange jargon: of Loon Mountain, Way-Home River, road-beds, cost of production, capitalization, bridges. As he sat wondering at them, their concentration, their unity of thought, their enthusiasm, by one of those throws of fate, which go far toward the making of our lives, Dermott's voice came to him clear and scornful.
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