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Updated: June 4, 2025
Westlake, "but I wouldn't be wise to let him have the chance, just the same." "But, father," objected Miss Hallie, after further thought, "it's his invention, you know, and his process, and if he doesn't have control couldn't all you other stock-holders get together and appropriate the profits yourselves?" Mr. Westlake gave his thumbs one quick turn. "Yes," he grudgingly confessed.
He paid his two hundred and fifty thousand dollars into the coffers of the company, and, at the first stock-holders' meeting, voting this stock and the ten shares he had bought from Sharpe at a hundred and seventy-two, he elected his own board of directors, consisting of Chalmers, Johnson, Applerod, Biff Bates and himself, giving one share of stock to each of the other four gentlemen so that they would be eligible.
Burnham made an offer what he would sell for, which the secretary accepted, others of the stock-holders made similar propositions and the bargain closed, we paying them the capital they had advanced and twenty-one per cent. profits, and buying, in the mean time, seventy-five thousand dollars worth of brass the profits on which were not less than twenty thousand dollars, which they had the cash for in the course of the year.
The middle-aged man with the shifty eyes spat cautiously, and then, rubbing his stubby chin with a hairy, freckled hand, observed: "Well, young man, I'm Pennold, all right. I do some business with the Brooklyn & Queens people small business, of course, for we poor honest folk haven't the money to put in finance that the big stock-holders have.
Blount how dreadfully disastrous the loss of the preferential freight rate would be to all the poor people in your list of stock-holders including Professor Anners." Hathaway drew down his cuff and made a pencil memorandum of the name and address of the new beneficiary.
For instance, I was prepared to show that the actual earnings of the Power Trust were two and a half times what its reports to stock-holders alleged; that the concealed profits were diverted into the pockets of Roebuck, his sons, eleven other relatives and four of "The Seven," the lion's share going, of course, to the lion.
When the actual meeting of Coal and Ore stock-holders was called to order both Burton and Harrison were present in person. "Before this vote is taken," said Harrison, rising with a face upon which was indelibly stamped the grim determination of one so long victorious that defeat was unspeakably bitter, "I wish to be heard.
In other words, he wants a majority of stock, which will let him come into the stock-holders' meetings, and vote into office his own board of directors, who will do just what he says; and if he wanted to he might have them vote the entire profits of the concern for his salary." "But, father, he wouldn't do anything like that," she protested, shocked. "No, he probably wouldn't," admitted Mr.
As yet the truth about Hope Consolidated was not generally known to his stock-holders, but a certain restlessness among them had become troublesome. The stream of money had diminished alarmingly, and it was largely because of this that he had bought the McDermott right-of-way and moved to Kyak.
"I want you to send for the newspaper reporters at once," said I to Fisher, "and tell them that in my behalf you are going to apply for an injunction against the Textile Trust, forbidding them to take any further steps toward that increase of dividend. Tell them I, as a large stock-holder, and representing a group of large stock-holders, purpose to stop the paying of unearned dividends."
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