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If we are bound, or permitted, to judge the government of the world by human standards, it appears to me that directorates are proved, by familiar experience, to conduct the largest and the most complicated concerns quite as well as solitary despots. I have never been able to see why the hypothesis of a divine syndicate should be found guilty of innate absurdity.
Squabbles in certain directorates may throw the Street into panic. Suddenly, you emerge from decent quiet, and run amuck in the china-shop, bellowing and tossing your horns. You make war on those whose interests are your own. You seem bent on hari-kari. You have toys enough to amuse you. Why couldn't you stay put?" "They weren't the right things. They were, as you say, toys."
"So you suggest ?" Browne left his question unfinished save for the interrogation of his lifted brows. "He sits in seven of our directorates. You know how Consolidated has sought to avoid the appearance of too narrow a domination. You know, too, that we have avoided directors who were obviously pure dummies. For several weeks I have been tracing out the holdings in Coal and Ore stock.
Nicholas Biddle, a trained financier and strong-willed aristocrat, who put little faith in popular elections and plebiscites, was the head of the Bank, and all the presidents and directorates of the subordinate banks were his appointees; he controlled absolutely all the departments and all the directors of the parent bank in Philadelphia, going so far in 1833 as to deny the government directors their lawful right to attend the board meetings.
However, all the trusts and big corporations against which we proceeded which included in their directorates practically all the biggest financiers in the country joined in making the bitterest assaults on me and on my Administration.
Men such as Haeckelheimer, Gotloeb, Fishel, tremendous capitalists in the East and foremost in the directorates of huge transcontinental lines, international banking-houses, and the like, were amazed that the newspapers and the anti-Cowperwood element should have gone so far in Chicago. Had they no respect for capital?
This whole organization shall be placed under the jurisdiction of the Minister of Public Instruction, who shall also exercise the right of confirming the rabbis nominated by the directorates.
In the future, he reminded his commission, there would be upon the directorates a representative of either the National, State, or Municipal governments, and the books, and every transaction, would be open to the public. This would apply to both the owner of the raw material, be it mine, forest, or what not, as well as to the corporation or individual who distributed the marketable product.
All communal and cultural affairs shall be put in charge of "directorates," one central directorate in Warsaw and local ones in every province of the Kingdom, after the pattern of the Jewish consistories of France.
Indeed, the chances of a successful pacific league of neutrals to come out of the current situation appear to be largely bound up with the degree of vulgarisation due to overtake the several directorates of the belligerent nations as well as the popular habits of thought in these and in the neutral countries, during the further course of the war.
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