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Updated: June 22, 2025
'The long and the short of it is, what's the security? 'The paid-up capital, my dear sir, said Tigg, referring to some papers on the table, 'is, at this present moment 'Oh! I understand all about paid-up capitals, you know, said Jonas. 'You do? cried Tigg, stopping short. 'I should hope so. He turned the papers down again, and moving nearer to him, said in his ear: 'I know you do.
The promoters also claimed a reward from the Paris Universal Exhibition, for having been "the first large employers in England who have allowed all their workpeople, whether co-shareholders with them or not, to participate in all divisible profits beyond a fixed percentage on the paid-up capital of the company."
Each year you can do as well, and by the time the five years have passed you will own the mine, the land, the brewery, the store, the market, and this blessed blacksmith shop about which you have had so much fuss, and also a bank with a paid-up capital of $50,000.
For example: a "five-annual-payment policy" for $10,000, on which three premiums had been paid, would entitle the holder to a "paid-up policy" for $6,000; a "ten-annual-payment policy" for $10,000, on which three payments had been made, would entitle the holder to $3,000; and so on for any number of payments and for any amount, in accordance with the face of the policy.
This table is taken from the annual banking numbers of the Economist. It will be noticed that in 1886 there were in England 109 joint-stock banks with 1547 offices, whose accounts were tabulated in the Economist's annual review. Their total paid-up capital was 38-1/2 millions, their deposit and current accounts were just under 300 millions, and their total liabilities were 377 millions.
The first stock was valued at $45, yet in 1894, the Zenos Cooperative Mercantile & Manufacturing Institution had a paid-up capital stock of over $25,000 and a two-story building, and had paid dividends ranging from 10 to 50 per cent annually.
It is the trail over which for years the "Wards of the Nation" have borne the paid-up prices of their good behavior to sustain their brethren renegados in the Powder River Country far up here to the northwest.
The latter is said to have paid, in 1858, a dividend of $300,000 on a paid-up capital of $66,000. Mining is a lottery, and this brilliant prize cannot conceal the fact that blanks fall to the lot of by far the more numerous part of the ticket-holders. The opening of the Sault Canal has very much aided in developing the resources of the Upper Peninsula.
No commander ever had more of this paid-up capital of fortune, this fame in advance, this success before succeeding, than General McClellan. That dear old domestic bird, the Public, which lays the golden eggs out of which greenbacks are hatched, was sure she had brooded out an eagle-chick at last. How we all waited to see him stoop on the dove-cote of Richmond!
"I wish you both many blessings," it ran, "and knowing your foolish way of thinking, I could not send the present I wanted to; but you'll take this, with an old man's very good wishes. It's a certificate of paid-up stock in the new Day Spring Mining Company, of which Calvert is manager. Sell or hold as pleases you. You'll find a market for already Calvert's sending up good ore.
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