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Updated: May 27, 2025
Many Tokyo bankers believed the loan unnecessary, inasmuch as there were funds in hand sufficient to finance the war well into 1906, had peace not been agreed upon. But the flotation was deemed wise, not alone because of prevailing ease in the money market, but for the effect that an oversubscribed loan in America and Europe would have upon the Czar's government.
It was a rich time in which to live. Remote echoes of this optimism reached Sommers. He learned, chiefly through the newspapers, that Mr. R. G. Carson had emerged from the obscurity of Chicago and had become a celebrity upon the metropolitan stage after "the successful flotation of several specialties." Mr.
Whatever Jackson and a few others might say in its depreciation, he was certain that the Sahara flotation would go through, for it was underwritten, of course upon terms, by responsible people, moreover the unissued preferred shares had already been dealt in at a heavy premium.
He tried ninety-eight 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 both the average length of their flotation and their resistance to the injurious action of the salt-water.
He had most carefully and minutely arranged for the flotation of the company at the time when Matheson would be on the high seas and out of touch with London news. The "Starlight" was a well-found yacht, capable of weathering any North Sea gale. She had oil-engines to supplement her sailing power. She was provisioned for a month. Rough weather would not drive her back to harbour.
But I can also make the Nautilus rise and sink, and sink and rise, by a vertical movement by means of two inclined planes fastened to its sides, opposite the centre of flotation, planes that move in every direction, and that are worked by powerful levers from the interior. If the planes are kept parallel with the boat, it moves horizontally.
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.
She had no suspicion that his real objective was to get Matheson on the high seas, the only region where he could not hear of the coming flotation of the Hudson Bay Transport, Ltd. Larssen had told her that she was free to order the yacht's movements as she pleased he merely suggested in a perfectly casual way that a cruise to the Norwegian fjords might prove enjoyable.
The favourite cry of the enemies of Conciliation was that the Purchase Act would bankrupt the Irish ratepayers. By means which it is not necessary to develop or inquire into, the British Treasury was induced on the very eve of the Convention to present to a number of the Irish County Councils claims for thousands of pounds on foot of expenses for the flotation of land loans.
"All your orders are being carried out, and the car's on the way here from the garage." For a few tense moments Larssen hesitated. The underwriting of the five-million issue was an absolute essential to a successful flotation, and the negotiations were not yet completed. If Matheson were to interfere in them during his absence from London, big difficulties might develop.
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