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Updated: June 25, 2025
In Philadelphia, New York, and Boston the stock-companies were composed of select and thoroughly trained actors, many of whom were well-grounded classical scholars.
Men may seem detestable as joint stock-companies and nations; knaves, fools, and murderers there may be; men may have mean and meagre faces; but man, in the ideal, is so noble and so sparkling, such a grand and glowing creature, that over any ignominious blemish in him all his fellows should run to throw their costliest robes.
The English East India Company, organized as a regulated company in 1600, was reorganized piecemeal for half a century until it acquired the form of a joint-stock enterprise; most of the other chartered colonial companies followed the same plan. In these early stock-companies we find the germ of the most characteristic of present-day business institutions the corporation.
Within a comparatively short time the medieval merchants' gilds had given way to great stock-companies, and Jewish money-lenders to millionaire bankers and banking houses with many of our instruments of exchange such as the bill of exchange.
Fact is, I've noted that it's always the case wherever you trust ministers to do business. They're sure to make a mess of it. I've known lots of cases. Why, that's always the way with us. Look at our stock-companies of any kind, our religious societies, and our publishing houses wherever they get a ministerial committee, the whole concern goes to blazes. I know that. Yes, Sir.
With that beginning the way was opened for the growth of superb stock-companies, in the early days of the American theatre.
Men may seem detestable as joint stock-companies and nations; knaves, fools, and murderers there may be; men may have mean and meagre faces; but, man, in the ideal, is so noble and so sparkling, such a grand and glowing creature, that over any ignominious blemish in him all his fellows should run to throw their costliest robes.
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