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Without a dividend-paying Chicago-Denver main line, there could be no bond issue, no thirty millions for the forging of the third and most important link in the great traffic chain. Ford walked the floor of his office, called by courtesy, "private," for an anxious hour, balancing the probabilities, and finally determined to take the desperate chance.
It is a charming thing for the scholar, when his fortune carries him in this way into some of the "old families" who have fine old houses, and city-lots that have risen in the market, and names written in all the stock-books of all the dividend-paying companies.
It is a charming thing for the scholar, when his fortune carries him in this way into some of the "old families" who have fine old houses, and city-lots that have risen in the market, and names written in all the stock-books of all the dividend-paying companies.
The book-keeper's pen has usurped the office of the artist's brush and the carpenter's chisel that of the sculptor. Intrinsic worth and dividend-paying value holds sway, and even the gift-horse is looked in the mouth while the priceless motive that prompted its giving is forgotten.
No dog was ever so much alarmed by the clatter of the saucepan as hundreds seemed to be by the possession of really valuable and dividend-paying securities; and no horse was ever more reckless in extricating himself from the debris of a broken carriage than these swarms of acute and shrewd traders in divesting themselves of their possessions.
The lumberman sat down on the other side of the desk. "That'll do, Wallace," he said sharply. "Tell me briefly what is the matter." "I've been speculating!" burst out the boy. "Ah!" said his partner. "At first I bought only dividend-paying stocks outright. Then I bought for a rise, but still outright. Then I got in with a fellow who claimed to know all about it. I bought on a margin.
It all meant a very extensive weeding out of investments under enormous losses, except such as stood in relation with dividend-paying mines. England, though apparently apathetic and inactive, was not inattentive to the situation. Whoever had a stake, whether in South Africa or abroad, looked to Great Britain as the Power upon whom the duty devolved to provide a peaceable remedy.
"It is absurd," he explained to her. "This is the first dividend-paying investment I have been able to make so far, and I'm going to keep it up just as long as I can make money out of it. I'd be very foolish if I didn't. Besides, this is just a little in-between flyer, while I'm conservatively waiting for a good, legitimate opening.
The stock wavered at about fifty, waiting the decision. If Norcross put it on a dividend-paying basis, it was good for eighty. To know which way he would decide, to extract any information from that inscrutable mind that were to open a steel vault with a pen-knife. "All trading," the Sun assured its readers, "will be speculative; it is considered a pure gamble."
Paul, had poured into his ear such fabulous tales of a mine of untold wealth which needed but the expenditure of a few thousands to place it upon a dividend-paying basis, that, after making due allowance for optimism and exaggeration, he had thought it might be worth his while to stop off and investigate.
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