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Updated: June 8, 2025
It is exceedingly desirable that it should be extinguished altogether; and to facilitate that consummation I recommend to Congress the revival for one year more of the act of 18th May, 1824, with such provisional modification as may be necessary to guard the public interests against fraudulent practices in the resale of the relinquished land.
Suburban lots were staked out round small towns in areas for a London or a Paris, and the lots were sold on instalment plan to small investors, many of whom bought in hope of resale before payments could accrue. City taxes for these suburban improvements increased to a great burden. Fortunes were made and lost overnight. Railroad bonds were guaranteed plentifully enough to pave the prairie.
At most, the firm had been "gypped" only a comparatively few thousand dollars, and the loss could probably be recouped by a resale; nevertheless, the incident was significant, and, upon second thought, it appeared to shed light upon certain other expensive transactions in other fields.
In such times bills that fall due are pretty sure to be replaced by new ones drawn against fresh production since over-production is a common symptom of commercial exuberance or against a resale of the goods on which the original bills were based.
All are in a hurry to get their share of what Uncle Henry left. Eventually the property goes at a partition sale which is the bargain basement of real estate. Partition sales and heirs hungry for ready money are keenly watched by those who buy purely for investment and with the expectation of resale to some one wanting a country home. Hence the ultimate consumer rarely benefits.
C. Dealing with Estates as a whole instead of with single holdings. This process, till then applied tentatively in the congested districts of the West, became the general method throughout Ireland, and was assisted by the provision of working capital for carrying out necessary amalgamations and improvements before resale.
In semi-barbarous ages the sovereign took matters into his own hands by seizing the franchise, and even the Plantagenets repeatedly suspended or revoked the liberties of London, often, no doubt, for cause, but sometimes also to make money by a resale; and a succession of these arbitrary forfeitures demonstrated that charters to be of value must be beyond the grantor's control.
It was part of the Treaty of 1903 that landlords should be encouraged to remain in their native land by assistance in the repurchase of their demesnes that is, homes after selling their properties. Under the Act of 1903 the advances on resale to owners sanctioned by the Land Commission numbered 205. Under the Act of 1909 they number two.
They won't want the stuff for resale, and they may pay something resembling a decent price. Who are they?" "Well, Stephen Gresham appears to be the leading spirit," she said. "The corporation lawyer, you know. Then, there is a Mr. Trehearne, and a Mr. MacBride, and Philip Cabot, and one or two others." "I know Gresham and Cabot," Rand said.
Nowhere in Europe could capital be so well invested as at Rome. Large sums were raised by the foreclosing of mortgages, and not only by the sale but the resale of offices. Men were promoted, for the purpose of selling their offices again.
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