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It is not strange that these years of war form a period of bitter antagonism between labor and capital. What went on in the woolen business is to be found more or less in every business. Immense fortunes sprang up over night. They had but two roots: government contracts and excessive profits due to war prices.
We have been told of publick contracts, of the rights of society with regard to individuals, and the privileges of individuals with respect to society; we have had one term opposed to another, only to amuse our attention; and law, reason, and sophistry have been mingled, till common sense was lost in the confusion.
Whilst their rights of sovereignty ought to be respected, it is the duty of other nations to require that this important passage shall not be interrupted by the civil wars and revolutionary outbreaks which have so frequently occurred in that region. The stake is too important to be left at the mercy of rival companies claiming to hold conflicting contracts with Nicaragua.
This plan seemed to contemplate a bequest of unsettled contracts to future generations of unsuspecting brokers. The author of it was particularly solicitous that, in the event of its adoption, his name should be handed down to posterity along with the unfulfilled contracts.
He's bin holdin' off his next year's contracts with me, hopin' to make better terms from the prospects of a late spring and higher prices. He held his head mighty high and talked big of waitin' his own time. I happened to know he couldn't do it." He put his hands on his knees and stared at the fire, and then went on: "Ye see this man had had crosses and family trials.
The township consisted of tents, but as the storekeepers required something more substantial than calico, I sold my tarpaulin for a good price, and made contracts to supply bark at 5/ per sheet. We engaged men to strip the bark. This work kept us both busy hauling with our teams, and lasted until the wants of the township were fully supplied.
Suppose a state vends a certain portion of its territory to a company, and that a year afterwards it passes a law by which the territory is otherwise disposed of, and that clause of the constitution, which prohibits laws impairing the obligation of contracts, is violated.
I sold in 1884, to the Prussian government, an iron-clad and two steam corvettes for seven million five hundred thousand francs, and received five per cent, commission." Then he professed to have had gigantic contracts in Chili, Peru and other parts of South America for artillery and guano. Altogether his story was of the Brobdingnagian type.
It was hard in a way to see the result of my own thought and work turning out big profits for another when all I needed was a little capital to make it my own. Still I knew I must be patient. There were many things yet that I must learn before I should be competent to undertake contracts for myself.
He was without ready money for the re-purchase of his Crooked Valley stock, and had learned, in addition, that the stock had already changed hands, in the execution of a purpose which he more than suspected. Large purchases of material for the execution of heavy contracts in his manufactures had drained his ready resources, in the department of his regular business.
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