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Updated: October 21, 2025
Each member would contribute to the general fund for such expenses as building forts; and certain rules would be made for the governance of all. Subject to these rules, each merchant traded as he pleased, and there was no pooling of profits. The regulated company, the first form of the commercial company, was encouraged by the king.
But it was the pooling system that was needed to carry on. Of one thing there was no doubt. The grass on the Indian lands was greener than the grass on the settlers' lands. Through their land ran the Missouri River, and they had water to spare. While the homesteaders were famishing and their stock dying for water, it was going to waste in Indian territory.
And, what is far more important, economic and political circumstances were such as to render the old system of local divisions obsolete and to necessitate the formation of a central administration pooling the resources and directing the common policy of all parts of the country. It was not through the process of Burgundian unification that Belgium became a nation.
The Look-Up Club is a Publicity and Educational Organization for the purpose of focusing and mobilizing the vision of the people acting as a clearing house of the vision of the people gathering, coördinating, pooling and determining and distributing the main points in their order of what the American people believe.
The policy of espousing Austria's quarrels, the development of the Austro-German Alliance into a pooling of interests in all spheres, was "the best way of producing war." The Balkan policy of conquest and strangulation "was not the German policy, but that of the Austrian Imperial House."
They know that there are too many roads for the traffic, and that, to prevent a general ruin, the managers combine, pay the profits into the hands of a receiver, and receive again from him a certain agreed proportion of the whole sum. But this method of "pooling" the profits is sometimes unsatisfactory.
Internal changes have accompanied the development of these external relationships. The interchange of capital and directors between the different branches, the use of all assets for a common purpose, and the pooling of all profits effected in 1919, has brought about a closer union.
There was no time to waste. The horses had already assembled at the start. Nan watched him go with eyes that had lost their last gleam of sunshine. The mask she had set up before the man had completely fallen. Jeff was was betting for Mrs. Van Blooren! He was betting with her! Maybe even they were pooling their bets! Oh! For some moments she stood alone where Jeff had left her.
But the current merely shifted to a different channel, the trust proper giving way to the giant corporation having the same aims, methods, and efficiency, while, as more legal, it was less vulnerable. In the railway world, "community of interest" assumed the place of pooling agreements.
In 1900 there is a new statute in Mississippi prohibiting, among other things, the pooling of bids for public work, this again being a mere statement of the common law, although a law which has possibly grown uncommon by being generally forgotten.
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