United States or China ? Vote for the TOP Country of the Week !
The interested Governments had already, by common consent, adopted, in respect to the purposes, expenditure, and security of any loans to China made by their nationals, certain conditions which were held to be essential, not only to secure reasonable protection for the foreign investors, but also to safeguard and strengthen China's credit by discouraging indiscriminate borrowing and by insuring the application of the funds toward the establishment of the stable and effective government necessary to China's welfare.
What was the peculiarity about the mine which constituted its recommendation to investors? Kenyon said the full particulars would be found in the printed sheet he handed him, and with profuse thanks the newspaper man put it in his pocket. How had the mine paid in previous years? It had paid a small dividend. On what amount? That Kenyon was not prepared to answer.
Suburban lots were staked out round small towns in areas for a London or a Paris, and the lots were sold on instalment plan to small investors, many of whom bought in hope of resale before payments could accrue. City taxes for these suburban improvements increased to a great burden. Fortunes were made and lost overnight. Railroad bonds were guaranteed plentifully enough to pave the prairie.
It may be traced remotely, in some degree, to the distrust of American railway securities in Europe which attended the reckless administration of the Erie Railway under Fisk and Gould, and which lingered after their overthrow, indisposing capitalists, as well as small investors, to have anything to do with American railways.
A minority investment, even though it be as low as ten or twenty per cent, usually constitutes a dominating influence if held by a single interest, for in most cases the majority of the shares will be owned in small blocks by thousands of investors who never combine for a definite, practical purpose.
A free, unhampered, unbiased flow of information is a major point of attraction to foreign investors and a brawny point with the likes of the IMF and the World Bank. The former, for instance, lends money more easily to countries, which maintain a reasonably reliable outflow of national statistics.
Followed a crash which was never very clearly understood by the simple-hearted soldier iron-master, though it was merely a repetition of a lesson well conned by the earlier investors in Southern coal and iron fields. Caleb's craft was the making of iron; not the financing of top-heavy corporations.
Most certainly there will be no relaxation by the Government authorities in the effort to get at any great railroad wrecker any man who by clever swindling devices robs investors, oppresses wage-workers, and does injustice to the general public.
The dwindling of the gold reserve, which has already been mentioned, assisted in causing a critical situation. Foreign investors, fearful of financial conditions here, sold their American railroad and other securities and received payment in gold. The one place where the yellow metal could be readily obtained was the United States treasury and upon it the strain centered.
There was a brief pause before the busy life which ran its course from "steamer day" to steamer day was once more taken up. In that interval a few anxious speculators and investors breathed freely, some critical situation was relieved, or some impending catastrophe momentarily averted. In particular, a singular stroke of good fortune that morning befell Mr. Nott.
Word Of The Day