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When the Presidency had approved of the flotation of bonds, I went with my father to New York to aid him in interesting Eastern capitalists in the investment. We interviewed Judge John F. Dillon and Mr. Winslow Pierce, of the law firm of Dillon and Pierce, attorneys for some of the Union Pacific interests; and through them we met Mr. Edward H. Harriman, Mr.
It has expanded to a more intelligent perception of the law of flotation, and we now see that wood floats and iron sinks, both of them by the same principle working under opposite conditions, the law, namely, that anything will float which bulk for bulk is lighter than the volume of water displaced by it, so that by including in our calculations the displacement of the vessel as well as the specific gravity of the material, we now make iron float by the very same law by which it sinks.
Indeed, the yacht seemed a very little and a very lowly and a very flimsy flotation on the dark water, and her illuminated deck-house was no better than a toy. On the other hand, her two masts rose out of the deep high overhead and had a certain impressiveness, though not quite enough. Audrey thought: "Is this what we're going on? I thought it was a big yacht." And she had a qualm.
He tried 98 seeds, mostly different from mine; but he chose many large fruits and likewise seeds from plants which live near the sea; and this would have favoured the average length of their flotation and of their resistance to the injurious action of the salt-water.
The illustration of the swim-bladder in fishes is a good one, because it shows us clearly the highly important fact that an organ originally constructed for one purpose, namely flotation, may be converted into one for a widely different purpose, namely respiration. The swim-bladder has, also, been worked in as an accessory to the auditory organs of certain fishes.
The business of a financier differs radically from a mercantile business on the point of staff. The main work of negotiation can only be carried out by the head of the firm himself, as a rule, and the routine work for subordinates is small, except when a public company flotation is being made.
Millicent knew little about her husband's business, except that it was connected with stocks and shares, and the flotation of companies; but she was quite aware that he had met with a serious reverse soon after he married her, since it had been necessary for them to give up their town house and install themselves temporarily in a London flat.
For, as she acknowledged, in the flotation of all such merry schemes as her present one, chance encounters, interludes, neatly planned evasions and resultant pursuits, play so large and important a part.
With our forests ablaze, and our cut fifty down, and the whole outfit on the buck, when spring comes, Skandinavia reckons our British financiers, when they come along to look our land over will turn the whole proposition of the flotation down, and quit us cold. But that's not just all. No, sir. Elas Peterman isn't the boy to leave it that way.
"The Saskatchewan Land Development Co. My father bought during the early boom in the shares." Rivière remembered that he himself had cleared £50,000 over the flotation, and the remembrance jarred on him. The company was a moderately successful one, but in its early days the shares had been "rigged" to an unreal figure. Still, he felt compelled, almost against his will, to defend his past action.
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