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Updated: May 27, 2025
"Well," he muttered, "that part is settled, then." He made a little pile of the torn strips on the top of the unlighted stove, and burned them carefully, scowling down into the flicker of fire, thoughtful and preoccupied. He knew very well what Osterman referred to by "Flotation of company," and also who was the "desirable party" he spoke of.
It is necessary to preserve the public confidence in this system in order to find a market for their bonds. A recent flotation was made at a record low rate of 4 per cent. Careful supervision is absolutely necessary to protect the investor and enable these banks to exercise their chief function in serving agriculture. The last year has seen considerable changes in the problem of Muscle Shoals.
Thus we combine valour with prudence a mixture which is more colloquially known as 'business." "What's your new post?" "Reporter for the London Daily Truth. If you've a story to tell at any time, and want a platform to speak from, 'phone me up." "Thanks; I will." "I've been turning my think-tank on to the Hudson Bay Transport flotation. You certainly had some inside information on that deal.
"Right I'll remember.... By the way, about the Hudson Bay company, did I tell you that the underwriting negotiations are going through fine? Inside a week we ought to be ready for flotation." Larssen proceeded to enlarge on the subject, and the broken thread of Olive's avowal was not taken up again. They left the offices, and drove back to the Cabaret to rejoin Sir Francis.
Why had he not come to Monte Carlo as arranged? Why had he sent no line to Olive to excuse himself? Why had he made no further inquiry about Clifford Matheson or had he indeed made some inquiry which might set him on the track of his brother's disappearance? It was vital to know how matters stood with this John Rivière before he could march forward unhesitatingly with the Hudson Bay flotation.
Again Mr. Champers-Haswell uttered his windy whistle. That a man should refuse £17,000 for a bit of African gold worth £100 or so, struck him as miraculous. But Sir Robert did not seem in the least surprised, only very disappointed. "I quite understand your dislike to selling," he said. "Thank you for leaving it here for the present to see us through the flotation," and he laughed.
The power of flotation of the sponging bath alone I had proved would support a hundred and ninety pounds, thus the only danger in crossing was the chance of a crocodile making a dash either at the inflated skins in mistake for the body of a man, or at the swimmers themselves.
This operation was swiftly executed because the fresh ice was still thin. We all reentered the interior. The main ballast tanks were filled with the water that hadn't yet congealed at our line of flotation. The Nautilus submerged without delay. I took a seat in the lounge with Conseil. Through the open window we stared at the lower strata of this southernmost ocean. The thermometer rose again.
In 1718 Law's Bank at Paris after a short and brilliant career as a private venture, was converted into the Banque Royale, and by the artful flotation of a gigantic trading speculation called the Mississippi Company, the bank-notes and company shares were so manipulated that the latter were inflated to twenty times their nominal value. The whole city seethed in a ferment of speculation.
The only difference is, that people thought out the underlying principle of the law of flotation, and reduced it to the generalized statement that anything will float, the weight of which is less than that of the mass displaced by it, whether it be an iron ship floating in water, or a balloon floating in air.
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