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Updated: May 21, 2025
These share-owners put their capital together into one concern, in order to reap some advantage which they think they would not reap if they placed the capital in small competing businesses. But though it has been calculated that about one-third of English commerce is now in the hands of joint stock companies, this by no means exhausts the significance of the centralizing force in capital.
There was the electric street-car proposition, the new theatre, the proposed pulp-mills in Vardal, the whale-oil factories in Henningsvaer everything had to have the business men's stamp of approval. Both Tidemand and Ole Henriksen became share-owners in everything as a matter of course. "My father should have known this!" Tidemand would often say when he gave his signature.
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