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With him he carried instructions which record for us further developments in the company's land policy. All adventurers, including delinquents who would pay up their subscription, were now promised 100 acres of land on the first dividend for each share of stock, and another 100 acres as a second dividend after the first had been occupied.
"His confidence is strong." "It is very strong. He thinks that the fewer parties engage in the matter, the better it will be for all, if they can furnish the aggregate capital required." "Why?" "The fewer persons interested, the more concert of action there will be, and the larger individual dividend on the business." "If there should come a dividend," said Mr. Brainard.
Browning was made president; Sedgwick, treasurer; McGregor, secretary; and all three, with Jordan, directors. A regular dividend of two shillings per share, and a special dividend of as much more was declared, aggregating in all £30,000.
I have administered this great office with exact justice, and made to the different nations of the earth an impartial dividend of rain and sunshine. What must have been the misery of half the globe if I had limited the clouds to particular regions, or confined the sun to either side of the equator?"
Or, watching his opportunity, Ned the runner, who had comforted us on our first night in prison, would come to the door of my cell, with his Irish humor and cordiality shining in his eyes. "Say, Mr. Hawthorne, there's a dividend been declared!" and out of some surreptitious receptacle he would produce three or four crumpled cigarette papers of all contraband articles in the prison the most prized.
We declared a dividend yesterday, and you've got a bank account that will warm the cockles of your silly old heart." "How is Gifford? and how are things at the mine?" I asked. "Gifford is all right; only he's got too much money doesn't know what to do with it now that he has built all the new houses the camp will stand for.
In a few days more, these subscribers were selling at double what they paid. April 21st, a ten per cent. dividend was voted for midsummer. In a day or two, another five million subscription was opened at four hundred per cent. to begin with. The whole, and half as much more, was taken in a few hours. In the end of May, South Sea stock was worth five hundred to one.
The object of such associations is primarily, not to declare a dividend, but rather to improve the conditions of the industry for the members. "It is recognized that the poor man's co-operation is as important as the rich man's subscription. 'One man, one vote, is the almost universal principle in co-operative bodies.
Not a cent brought a dividend; instead, the municipalities found themselves saddled with heavy interest payments. One after another declined to pay; Port Hope was $312,000 in arrears by 1861 and Cobourg $313,000. The provincial government had not the political courage to send in the sheriff, and accordingly it was forced at last to assume the whole burden.
"As I understand it, the complaint of the survivors is based upon the fact that they think they ought to have had a cash dividend forthcoming on the closing up of the association's affairs," Flemister went on; and Lidgerwood again said, "Yes." "As Hallock has probably told you, I had the misfortune to be the president of the company.
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