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Updated: May 11, 2025
The things to be carefully guarded are the completion of the work within the limits of the guaranty, the subrogation of the United States to the rights of the first-mortgage bondholders for any amounts it may have to pay, and in the meantime a control of the stock of the company as a security against mismanagement and loss.
There's nothing, after all, like government bonds." "Or a first mortgage on good property, with subrogation of the wife's rights." But what exasperated them all was not to be admitted to the presence of M. de Thaller, and to see that servant mounting guard before the door. "What impudence," they growled, "to leave us on the stairs! we who are the masters, after all."
The things to be carefully guarded are the completion of the work within the limits of the guaranty, the subrogation of the United States to the rights of the first-mortgage bondholders for any amounts it may have to pay, and in the meantime a control of the stock of the company as a security against mismanagement and loss.
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