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When they are sold for more or less than their nominal value, they are said to be above or below par. In large commercial cities, as New York, Boston, Philadelphia, and others, the purchase and sale of state stocks, and stocks in rail-roads, banks, &c., is a regular and extensive business of capitalists. Banks and Insurance Companies.
We cannot, while we read of the scanty means of inland navigation, with which it has pleased Divine Providence to favour an island so enormous as New Holland, but feel thankful for the abundant advantages of this kind which our own native islands possess; but at the same time there is no reason to despair, even yet, of a navigable river being discovered in New Holland; or, at the worst, the modern invention of rail-roads may supersede, in a great measure, the need of other communication.
So I hurried along without giving any further thought to my fears. But where was Third Avenue? Its character was not then so sharply defined as in these days of elevated rail-roads perhaps I had passed it. I had already walked a long distance, and I had not yet recognized that thoroughfare. I could hear footsteps behind me and I determined to wait a moment and inquire my way.
Poor rates, quarter sessions, turnpikes, corn-laws, next assizes, rail-roads and parish matters, with a touch of the horse and dog between primo and secondo genitur, for variety. If politics turn up, you can read who host is in a gineral way with half an eye. If he is an ante-corn-lawer, then he is a manufacturer that wants to grind the poor instead of grain. He is a new man and reformer.
THE pleasure we found in making new acquaintances among our workmates arose partly from their having come from great distances, regions unknown to us, as the northern districts of Maine and New Hampshire and Vermont were, in those days of stage-coach traveling, when rail-roads had as yet only connected the larger cities with one another.
You are in for a seven mile heat at least of cross country roads, axletree deep, rain pour-in' straight up and down like Niagara, high hedges, deep ditches full of water, dark as Egypt; ain't room to pass nothin' if you meet it, and don't feel jist altogether easy about them cussed alligators and navigators, critters that work on rail-roads all day, and on houses and travellers by night.
But banks at the present day are not used for depositing alone. Banks in this country can be established only by authority of law. They are incorporated by an act of the legislature. The capital stock is raised by the sale of shares, and issue of certificates, as in the case of rail-roads. The president and directors choose a cashier and clerks.
Yes I am sure I seened this town be-fore, but these rail-roads didn’t be here then.” By this time the travellers were supposed to have reached St. Paul, and the reliable clairvoyant then proceeded to describe that interesting young city; and in the course of her speech made more improvements there than will be accomplished in reality in less than a year or two certainly. Among other things, Mrs.
Supposing these difficulties got over by a Protectorate, an armed occupation, or some similar contrivance, Mexico will undergo a great change. There will be roads and even rail-roads, some security for life and property, liberty of opinion, a nourishing commerce, a rapidly increasing population, and a variety of good things.
Parachutes and rail-roads man-traps and spring-guns! And who shall calculate the immense influence upon social life upon arts upon commerce upon literature which will be the immediate result of the great principles of electro magnetics! Nor, is this all, let me assure you! There is really no end to the march of invention. The most wonderful the most ingenious and let me add, Mr. Mr.
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