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Updated: May 14, 2025
None of the shareholders will be in actual fact better off to the extent of one halfpenny, because all will be in the same position with regard to one another; their relative shares in the enterprise will not have been altered.
The Baron de Nucingen, when he went in, was an altered man; he astonished his household and his wife by showing them a face full of life and color, so cheerful did he feel. "Our shareholders had better look out for themselves," said du Tillet to Rastignac. They were all at tea, in Delphine de Nucingen's boudoir, having come in from the opera.
But, as usual in colonial attacks intended for disavowal if necessity arose, no prospectus or other document was published, nor were the shareholders of this joint-stock company known in any quite official way. It was the size of the fleet and the reputation of the officers that made it a national affair.
Then Hyslop came through the arch, and stopping, noted Cartwright's awkwardly stretched-out leg. "Gout bothering you again, sir?" he said. "You ought to lie up for a few days, but I expect you're needed at the office. I heard the E.P. line had a stormy meeting and the dissatisfied shareholders came near turning out the directors. Johnson declared they only saved the situation by a few votes."
Four hundred thousand pounds probably bore as great a ratio to the wealth of Scotland then as forty millions would bear now. The list of the members of the Darien Company deserves to be examined. The number of shareholders was about fourteen hundred. The largest quantity of stock registered in one name was three thousand pounds.
"Fidelity to its constituency, its shareholders, its depositors, indeed to the general public, is the corner-stone of its policy. The Bank of Scotland is a National Institution, with a certain National obligation." Mr. Rae quietly drew from his pocket a pamphlet, opened it slowly, and glanced at the page. "Ay, it's as I thought, Mr. Sheratt," he said dryly.
The fears of the interested shareholders outran even the hatred of Cayrol. What would the judges call Herzog's underhand dealings? Would it be embezzlement? Or forgery? Would they come and arrest the Prince at her house? The house of Desvarennes, which had never received a visit from a sheriff's officer, was it to be disgraced now by the presence of the police?
He knew that Mrs Niven owned stock in the Blankow Bank; he knew that the Bank paid its shareholders a very handsome dividend, and he was aware that, owing to the unfavourable rumours then current, the value of the stock would fall very considerably. That, therefore, was the time for knowing men like Mr Black, who believed in the soundness of the bank, to buy.
They find their business profitable, and pay good dividends to their shareholders. Moreover, they incur a considerable expenditure on offices, on clerical staff, on agents, and the like. All these payments must be defrayed out of the premiums they receive; so that it is plain that the premiums greatly exceed the expectation of the risks insured.
The newspapers, on behalf of the nation, are always warning the directors to keep it, and watching that they do keep it; but, on the other hand, another less visible but equally constant pressure pushes the directors in exactly the reverse way, and inclines them to diminish the reserve. This is the natural desire of all directors to make a good dividend for their shareholders.
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