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It requires great ability to draft a prospectus; in many of our greatest enterprises drafting the prospectus has been the crucial task. But a prospectus is not a going concern. There is a vast difference between promotion and administration.
The writer of the prospectus, before referred to, seems to have had a premonitory fear growing out of his bad treatment of Judy that Punch in his new vocation might fail of uniform gentlemanliness towards the ladies; and time has shown that there were some little grounds for the apprehension.
It was the prospectus, very skilfully drawn, of a company established to introduce gas into Algeria, almost as far as the Sahara. They promised the subscribers wonders and miracles: acres upon acres of land as a bonus. There was a fortune to be made. Meantime, they would issue six thousand shares of five hundred francs. It was three millions they were asking from the public. A mere trifle.
Then you wouldn't notice the nerve-storms. This house is a sort of nursing home and college combined. I'll read you the prospectus." "Very amusing," said Miss Ford, after waiting a minute to see if there was any more of the prospectus. She had quite recovered herself, and was wearing the brisk acute expression that deceived her into claiming a sense of humour.
And perhaps you'd not mind our staying on in this house while we were getting a few together; establishing it, as it were. They would not put you out, I hope, Mr. Jan." "Not they," answered Jan. "I shouldn't eat them. Look here, Miss Deb, I'd doctor them for nothing. Couldn't you put that in the prospectus? It might prove an attraction."
Our utmost aim is a rough sketch of the coming time, a prospectus, as it were, of the joint undertaking of mankind in facing these impending years. The reader is a prospective shareholder he and his heirs though whether he will find this anticipatory balance-sheet to his belief or liking is another matter.
Risler listened, puffing at his pipe, afraid to stir, for the reader looked at him every moment over his eyeglasses, to watch the effect of his phrases. Unfortunately, right in the middle of the prospectus, the cafe closed. The lights were extinguished; they must go. And the estimates? It was agreed that they should read them as they walked along. They stopped at every gaslight.
But I'm an agent for the Come One Come All Accident and Life Assurance Office. You have heard of it probably? We can offer you really exceptional terms. You must not miss a chance of this sort. Now here's a prospectus " Horace sidled forward.
As if carried away by enthusiasm in meeting one of his own kind in business affairs, Daunt grabbed Morrison's hand and pulled the mayor away with him toward the door, assuring him that he was glad to pitch in, heart and soul, with a man who had the best interests of a grand state to conserve and develop in the line of water-power. Then he went on as if quoting from a prospectus.
Whatever be the object for which the loan is issued, the procedure is the same by which the money is raised. The Government or municipality invites subscriptions through a bank or through some great financial house, which publishes what is called a prospectus by circular, and in the papers, giving the terms and details of the loan.
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