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Updated: May 4, 2025
As for the dispossessed stock-holders in the far-away East, they were slow to take the alarm, and still slower to get concerted action. Like many of the western roads, the Western Pacific had been capitalized largely by popular subscription; hence there was no single holder, or group of holders, of sufficient financial weight to enter the field against the spoilers.
The views taken by the late Sir George Gipps of the state of society in the distant interior of New South Wales is perfectly correct, nor can there be any doubt but that it entails evils on the stock-holders themselves which, on an abstract view of the question, I cannot help thinking they have it in their power to lessen, or entirely to remove, when an influx of population shall take place; but, however regular their establishments may be, they cannot, as single men, have the same influence over those whom they employ, or the settlers around them, as if they were married; for it is certainly true, that the presence of females puts a restraint on the most vicious, and that wherever they are, especially in a responsible character, they must do good.
Kent's rejoinder was a mute signal to the effect that he was attending. "Some little time ago you came to me as the legal representative of the stock-holders of the Trans-Western Railway Company, and I did not find it possible at that time to meet your wishes in the matter of a quo warranto information questioning Judge MacFarlane's election and status.
And my father has fifty thousand francs a year!" Such, indeed, was the figure at which the most moderate estimated M. Favoral's fortune. M. Chapelain, who was supposed to be well informed, insinuated freely that his friend Vincent, besides being the cashier of the Mutual Credit, must also be one of its principal stock-holders.
The time for the annual stock-holders' meeting was approaching, and an election which should put the burly copper magnate into the presidency would be an unmixed blessing, not only for a struggling young chief of construction, but for the Pacific Southwestern stock-holders, who were sure to pay in the end for the present policy of rule or ruin.
That it was truly desperate he very soon realized, since disaster to his railroad project meant that his stock-holders would be around his ears like a swarm of hornets, and once they understood the true state of affairs at Hope the complete collapse of his fortunes would surely follow.
Farley constitute your father, or yourself, his proxy to vote his stock at a certain specified meeting of the stock-holders, which can be called later. Of course, with a majority vote of the stock, you can rearrange matters to suit yourselves, subject only to Mr. Farley's disarrangement when he resumes control of his holdings. How would that serve?" "You're the doctor," said Tom bruskly.
"The throne which lacks its cabinet noir, Carl, is a very precarious one to sit upon." The "Great Bear" spoke casually. "Our secret service is fairly satisfactory. Also, we have a brain which, at times, prognosticates." "There have been new developments, then?" Hamilton Burton shrugged his shoulders. "The stock-holders' meeting of Coal and Ore isn't far distant.
There were many small stock-holders in the company, and it is the foible of small stock-holders to believe that rigid economy counts for more than adventurous outreachings in the larger field.
In his bag was a carefully compiled list of these stock-holders, with their addresses and the amounts of their respective holdings. At the worst, he concluded, it should mean nothing more formidable than a deal of quick traveling, some anxious bargaining, perhaps, and a little finesse to keep his object in securing the options safely in the background.
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