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Updated: May 14, 2025
The hard-headed Smythe saw little prospect of the dividends which the shareholders were demanding; and he was ready to give way to any one who still had faith to sink yet more money in the enterprise that for a dozen years had disappointed every expectation. Such an idealist was Sir Edwin Sandys.
A receiver of an insolvent corporation often finds that it has shareholders living in several different States, who have not fully paid in their subscriptions to its capital stock.
Boards of directors are appointed by management as are auditors. Shareholders are not represented in any decision making process small or big. The dismal truth is that shares reify the expectation to find future buyers at a higher price and thus incur capital gains. In the Ponzi scheme known as the stock exchange, this expectation is proportional to liquidity new suckers and volatility.
Here is a mine, in the sinking of which many shareholders ruined themselves, from not knowing that a certain fossil belonged to the old red sandstone, below which no coal is found.
This quartz mine, up in the mountains, was the one near which Injun and Whitey had had so many exciting adventures. Now they owned an interest in it, as has been told, though Mr. Sherwood and a tribe of Dakota Indians were the principal shareholders. During the summer the mine had been undergoing development, and the first shipment of ore was soon to be made.
With the utmost ease he portrayed for Ricardo, now seriously attentive, a Heyst fattened by years of private and public rapines, the murderer of Morrison, the swindler of many shareholders, a wonderful mixture of craft and impudence, of deep purposes and simple wiles, of mystery and futility.
Rastignac concentrates himself, pulls himself together, looks for the point to carry by storm, and goes full tilt for it. He charges like a Murat, breaks squares, pounds away at shareholders, promoters, and the whole shop, and returns, when the breach is made, to his lazy, careless life. Once more he becomes the man of the South, the man of pleasure, the trifling, idle Rastignac.
"He said he didn't know!" repeated the listener contemptuously; "the man is a damn fool!" The reason of all this was that the results of the researches of the professor of geology were being whispered among the directorate of the Erie Auriferous. And the directors and chief shareholders were busily performing the interesting process called unloading.
The "London University," as it was called, was opened in 1828, when classes were formed in arts, law, and medicine, but not in divinity. It was technically a joint-stock company, and the attempt of the shareholders to obtain a charter of incorporation was successfully resisted by the universities of Oxford and Cambridge.
He had no right to visit his spleen on a perfectly innocent bank that paid twenty-five per cent to its shareholders and a thousand a year each to its directors, and what trifle was left over to its men in rages. But Priam was not like you or me. He did not invariably act according to reason. He could not be angry with one man at once, nor even with one building at once.
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