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Updated: May 17, 2025
When he left home that morning he was four times a millionaire; now he was at least twelve times a millionaire, through the magic of the "merger." True, eight of the twelve millions were on paper; but it was paper that would certainly pay dividends, paper that would presently sell at or near its face value. And this success had come when he was only thirty-four.
He was thinking of Hélène, a little disappointed, but on the whole vastly relieved, congratulating himself that, no longer haunted, he could give his mind wholly to the important question of the merger he contemplated with a rival house that had limped along since the disaster, but had at last manifested its willingness to accept the offer of Ruyler and Sons.
So sweet, in fact, that one of the really big fellows, National Milling & Packaging, has been going to rather extreme lengths to effect a merger. Mill-Pack, par 100, is quoted at around 145, and Premix, par 50, is at 75 now, and Mill-Pack is offering a two-for-one-share exchange, which would be a little less than four-for-one in value.
But how could she without seeming to attack, indeed, without attacking, her cousin's husband? Dumont brought Fanshaw up in his automobile, Herron remaining at the offices for half an hour to give the newspapers a carefully considered account of the much-discussed "merger" of the manufacturers of low-grade woolens. Herron had objected to any statement. "It's our private business," he said.
The merger of lines into systems, a facilitated interchange of freight cars, the economic use of terminals, and the consolidation of facilities are suggested ways of economy and efficiency.
They rose against the home government, threw off the English yoke, and became a republic with a division into States, which I will write of when I tell you of the American politician. This was the first trust what they call a merger but it occurred in politics.
The full significance of the merger, therefore, did not strike his associates, even when, on the train, the next day, they read the announcement of its formation in the newspapers. Balt alone took notice of it, and fell into a furious rage at his enemy's success.
"Jeff, I want you to tell me exactly how everything happened," she said. "I think I have a right to know." "Yes, you have," he agreed. "I'll tell you the whole thing, what I actually know, and what I was forced to guess at: "When this merger idea first took shape, last summer, Dunmore saw how unalterably opposed to it Mr. Fleming was, and he began wishing him out of the way.
Owing to the manipulations of the Wall Street schemers, this saving becomes necessary to keep the Trust in existence, as in the great merger of the several different steel companies, the actual valuation of the plants was increased one hundred times over in watered stock, so that it not only becomes necessary for those who do the labor to pay dividends on bona fide investments of the capitalists, but to pay dividends on watered stock criminally increased one hundred fold besides.
It embodies a charter authorizing the acquisition and merger in one corporation of all the gas companies of this State, and an extension of corporate powers so as to cover all forms of municipal lighting. Were your hands not tied by your prospective election, I should be glad to offer you an opportunity to become one of the incorporators, for I believe that the undertaking will be lucrative.
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