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Great heaps of machinery called by hopeful promoters "gold dredgers" were being daily dumped upon the beach from the ships, signboards were covered with pictures of things similar, while the papers continually bloomed with advertisements of machines, which, if speedily secured by the miners, would, according to the imaginative advertiser, soon cause all to literally roll in riches.
The argument of the promoters is, not that every one who comes into the combination can carry on his business more efficiently than he did before; the argument is: we will assign to you as your share in the pool twice, three times, four times, or five times what you could have sold your business for to an individual competitor who would have to run it on an economic and competitive basis.
Her brother had been an honored Missionary in the Foreign field, and had fallen asleep while the dew of youth was yet upon him; her sister was the wife of a devoted Minister of our Church in Adelaide, both she and her husband being zealous promoters of our work; and her father had left behind him a fragrant memory through his many Christian works at Edinburgh, Kenneth, and Alloa, besides being not unknown to fame as the author of those still popular books, Whitecross's Anecdotes, illustrative of the Shorter Catechism and of the Holy Scriptures.
Then under the forced draft of skilful exploitation, three years of high pressure passed quickly; years named by the promoters the period of development. In the Year One the very heavens smiled and the rainfall broke the record of the oldest inhabitant.
Gentlemen who sat in mahogany offices and worshipped at unseen shrines, took notice of this man of the West who was getting more than his share of the pillage. Promoters sought him out and haggled with him haggled with the prince of promoters! They tried to let him into the secret of making money!
And now his prestige was dimmed and his popularity still more diminished by such a signal diplomatic defeat at Berlin. The emancipation had been a disappointment to its promoters and to the serfs themselves. It was an appalling fact that year after year the death-rate had alarmingly increased, and its cause was starvation.
A bill was accordingly prepared to that effect, and presented to the house on the twelfth of March, by the hon. Charles Townshend, esq., who, to his honour, was one of the chief promoters of it.
It is thought that all the war talk and preparations are intended to effect the reëlection of Mr. Madison. The Henry Plot is a farce intended for the same purpose, but it can never be got up. It will operate against its promoters."
Many thousands of lives went to the building of imperial Meknez; but his subjects would scarcely have sufficed if he had not been able to add to them twenty-five thousand Christian captives. M. Augustin Bernard, in his admirable book on Morocco, says that the seventeenth century was "the golden age of piracy" in Morocco; and the great Ismaël was no doubt one of its chief promoters.
Smith evidently understood the situation much better than the promoters in England; and we can quite excuse him in his rage over the foolishness and greed of most of his companions. There was little nonsense about Smith in action, though he need not turn his hand on any man of that age as a boaster.
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