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Updated: June 12, 2025
On the evening of the 14th November, 188-, Eustace Margraf, Esq., Director and Chairman of the Anglican Debenture Corporation, Ltd., eke of the General Stock and Shareholders' Protective Union, Ltd., and various other like speculative companies, sat in the luxurious dining-room of his well-appointed residence in Lewisham Park.
This State owed obligations to other countries; they knew that the fire which had nearly consumed this State would, if felt by them, very soon consume them also. In several of the cities of Holland there were people who had subscribed for only one debenture, because they thought men of their own blood were living in South Africa. What was the consequence?
A further effect of the measure would be to supersede the system of drawbacks, thereby effectually protecting the Government against fraud, as the right of debenture would not attach to goods after their withdrawal from the public stores.
These cigars had been regularly entered at the custom house, and were entitled to debenture, that is, to a return of the duties, on sufficient proof being furnished that they had been exported and landed in a foreign port.
A further effect of the measure would be to supersede the system of drawbacks, thereby effectually protecting the Government against fraud, as the right of debenture would not attach to goods after their withdrawal from the public stores.
Railway debenture stock is as good a security as a commercial bill, and many people, of whom I own I am one, think it safer than India stock; on the whole, a great railway is, we think, less liable to unforeseen accidents than the strange Empire of India.
Governments and municipalities concede no such title to the subscribers to their loans; nor does a company to its debenture holders. The shareholders' ultimate control is based upon the fact that they bear the financial risks of the concern. Nor is this a matter of mere legal form.
The very uncertainty as to this fifth coupon gives interest to the investment, if not to the investor." "None of yo' Irish impudence, suh. No, gentlemen, the plan is not only fair, but reasonable. Two years is not a long period of time in which to foster a great enterprise like the C.& W.A.L.R.R., and it is for this purpose that I issue the Deferred Debentures. Deferred put off; Debenture owed.
As a matter of fact, I've just been called over the 'phone by Miss Verona Hemmingway's aunt." "Eh!" says I, gawpin'. "She holds some of our debenture bonds, you know," says Mr. Robert, "and I gather that she has been somewhat disturbed by these reorganization rumors." "But she ought to know," says I, "that our D.B.'s. are as solid as " "The feminine mind," cuts in Mr.
As there were few bidders, and the cigars were of inferior quality, the owner of the Clarissa bought the lot at the rate of three dollars per thousand, and put them on board the brig. They were sold in Maranham as "Cuban cigars" for fifteen dollars a thousand, and on the return of the brig the custom house handed over the debenture three dollars and a half a thousand!
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