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Updated: June 11, 2025
And when the said offer of purchase by said Jennings upon the terms aforesaid was conveyed to her by affiant, she expressed herself as entirely satisfied therewith." Mr. Maloney made an affidavit that he was superintendent of the Backus Oil Company from the time of its organization, and also a stockholder in the company, and had been associated in business with Mr.
Down in the Western Trading Company's office, the urbane Robert Wade, now shining out again in full plumage, explained to the occasional disgruntled stockholder that the Fidelity Company had paid in their fifty thousand dollars; that many of the largest cheques had been stopped, and that the Worthington Estate had nobly offered to recoup the company for the final deficiency from the extra fall dividend on their own stock, which was to gladden all hearts.
The normal tax of one per cent, is to be levied upon the income of corporations. In effect this provision of the law merely continues the corporation or "excise" tax which was already in existence. But that tax now becomes an integral part of the income tax, covering the income which accrues to the stockholder and is distributable in the form of dividends.
In this intimate association with the railroad managers of the United States I have found the choicest friendships and the most enduring. The railroad manager is rarely a large stockholder, but he is a most devoted and efficient officer of his company. He gives to its service, for the public, the employees, the investors, and the company, all that there is in him.
"He's the secretary and second largest stockholder in the company. The annual election is to be to-morrow afternoon. He's got me where the wool's short. I was fool enough to ask the smaller stockholders to make out their proxies in his name. At that time he was hand in glove with us. Now I'm up against it. He's going to name the board of directors and have himself made president."
But in the statute governing the procedure there is wrapped up a bundle of bad news, for it is provided that any officer or stockholder may become personally liable for the entire debt of the association. There is going to be a lot of sleep lost over that fact when the truth becomes known."
Stout was the largest stockholder in the new bank, and was elected one of its directors. His influence was potent in directing its first operations, and the next year he was elected vice-president, in which position he really had the control of the enterprise left to him.
Lanyard: this giddy association of malefactors here present has the honour to invite you to become a full-fledged working member and stockholder of equal interest with the rest of us, participating in all benefits of the organization, including police protection. And as added inducement we're willing to waive initiation fee and dues. Do I make myself clear?" "But perfectly."
He looked thinner and more sober than usual, and several persons present, whose aid he had asked in private, knew very well the reason. After the meeting was over the senior director, and largest stockholder, shook hands with him warmly. "About that matter you suggested to me the other day," he said, and the agent looked up eagerly.
After the retirement of Roberts, Frank Thomson, a son of the earlier president of the same name, was placed at the head of the system for three years. But in 1899 Alexander J. Cassatt, who had for many years been identified with the Pennsylvania as officer, director, and stockholder, took the helm, and a new chapter and probably the greatest in the history of this remarkable railroad began.
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