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Updated: May 23, 2025
Accumulations of wealth in market centers tempts the ambitious and the adventurous to enter the rat-race and grab more than their pro-rata share of the honey. The most obvious way to do this is to secure possession of the honey pot. Far away, in the tribal past of a civilization, lay a period of scarcity in which the members of the community shared the scarce income or starved.
There is no risk in this proposition to you, and there may be a very handsome return." They were pleased with the plan, and we formed a pool to buy thirty shares of stock. Thompson and I were trustees, and the certificate stood in our names; but each contributor received a pro-rata interest; Lena, one thirtieth; Judson, five-thirtieths; and the others between these extremes.
"Now let us pass on" here he consulted his notes "to item two, eternal punishment. I have made a memorandum as follows, 'Should any doubts arise, on or after August first proximo, as to the existence of eternal punishment they shall be settled absolutely and finally by a pro-rata vote of all the holders of common and preferred stock. Is that agreed?" "One moment!" said Mr.
We can pick men and give them a job with the Three Bar between spells of doing prove-up work. We can put in a company ditch to cover all the filings, pay them for working on it and charge their pro-rata share of improvements up against each man's final settlement. When they've made final proof we can buy out those who want to sell."
We were both laboring under the impression that it was in Montana, but after our employer pointed it out to us at the mouth of the Yellowstone in Dakota, all three of us adjourned to an ante-room. Flood was the best posted trail foreman in Don Lovell's employ, and taking seats at the table, we soon reduced the proposed shipping expense to a pro-rata sum per head.
An agreement to work on this basis pending judicial decision was made between the two interests in September 1874. The question would not down, it was brought before Congress, Courts, and Arbitrators constituting a "Cause Célèbre" the Pro-rata controversy.
Savine had undertaken the drainage of the wide valley, which the rising waters periodically turned into a morass, and had sublet to Geoffrey a part of the work. Each of the neighboring ranchers who would benefit by the undertaking had promised a pro-rata payment, and the Crown authorities had conditionally granted to Savine a percentage of all the unoccupied land he could reclaim.
This was but a makeshift arrangement, with a common tariff made by treaty, and hence rigidly unalterable, and with a pro-rata division of the proceeds. Worse still was the railroad problem, which has been in South Africa a bone of contention ever since the opening of the mines of the Rand offered a rich prize to any port and railway that could capture the transit trade.
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