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Updated: June 4, 2025
And in return for a thirty million check, the control of the historic Western Union was transferred from the children of Jay Gould to the thirty thousand stock-holders of the American Telephone and Telegraph Company. From what has been done, therefore, we may venture a guess as to the future of the telephone.
To hurry is to lose out." The lawyer nodded. "And not to hurry is to lose out, too," he qualified. Then he smoked in thoughtful silence for five full minutes before he said, abruptly: "Give me your list of stock-holders and turn the option business over to the legal department, where it properly belongs. That will leave you foot-loose to go after the mechanical matter. How does that suit you?"
My two hundred and sixty thousand dollars' worth of stock in the Consolidated would not be worth par, even, to-day. Why do you make this discrimination when you are giving the stock-holders of the Consumers' an exchange of five shares for one, and the stock-holders of the United an exchange of twenty shares for nine?"
It was about a week after this occurrence when Silas Trimmer, coming back from lunch to attend the annual stock-holders' meeting of Trimmer and Company, stopped on the sidewalk to inspect, with some curiosity, a strange, boxlike-looking structure which leaned face downward upon the edge of the curbing. It was three feet wide and full sixty feet long.
Dumont ruled, through a parent and central corporation, the National Woolens Company, which held a majority of the stock in each of the seventeen corporations constituting the trust. His control was in part through ownership of Woolens stock but chiefly through proxies sent him by thousands of small stock-holders because they had confidence in his abilities.
I try to be just, and to be just one must always be impersonal." "Well," said Walters with an air of desperation, "give me another year, Mr. Roebuck, and I'll produce results all right. I'll break the agreements and cut rates. I'll freeze out the branch roads and our minority stock-holders, I'll keep the books so that all the expert accountants in New York couldn't untangle them.
The Consumers and the United Companies never cared to enter that field, because their controlling stock-holders were also the Brightlight controlling stock-holders, and they could get more money through the Brightlight than they could through the other companies; and so they led the public to believe that there was no breaking the monopoly the Brightlight held upon their service.
An investigation was started and it was found that Steve and Tom held large blocks of stock in the defunct company, while the bankers held practically none. Steve openly said that he had known of the possibility of failure for some time and had warned the larger stock-holders and asked them not to sell their stock.
The ore was to come down from the mountain in sacks, loaded on horse and muleback, and to be delivered to the railroad at the Junction, a small settlement about twenty miles south of the ranch. The boys thought that as they were stock-holders in the mine, they ought to go along and attend to this matter, too, but John couldn't see it that way.
Trimmer's son, his son-in-law, his head bookkeeper, his confidential secretary and his cousin, all of whom had also been minor stock-holders in the concern of Trimmer and Company.
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