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Updated: May 5, 2025
The endorsement of railroad securities by the state also furnished a source of easy money to the dishonest official and the crooked speculator. After the Civil War, in response to the general desire in the South for better railroad facilities, the "Johnson" governments began to underwrite railroad bonds.
The association will also underwrite the bonds and preference shares. This will practically complete the purchase." "But what about the last one-fourth payment in preferred shares of $1,250,000?" "Pardon me, Colonel Harris, that is just what I desire to explain further.
Then you will not be surprised at a proposal I shall make you. Underwrite the Shannon a million pounds, to be paid by you if harm befalls my Helen. You need not look so astonished; I was only joking; you gentlemen deal with none but substantial values; and, as for me, a million would no more compensate me for losing her, than for losing my own life."
"I call this a pretty satisfactory test," declared Ned. "If you want to form a stock company, Tom, and put your aerial fire-fighting apparatus on the market, I'll guarantee to underwrite the securities." "Hardly that yet," said Tom, with a laugh.
It turned out to be the simplest affair in the world; Condell had secret information that the Shannon was in bad repairs, so he had advised his friend to insure her heavily. For the same reason, he declined to underwrite her freight himself.
I'm a statistician." "What's that?" "I make reports on properties, on financial ventures, for the firm I'm with, Benson & Honaton. They're brokers. When they are asked to underwrite a scheme " "Underwrite? I never heard that word." The boy laughed. "You'll hear it a good many times if our acquaintance continues."
At which time of his commitment, he found the Lady Arabella an innocent prisoner there; and he pleased himself much in sending, the next day after his commitment, these two verses to the good lady; which I will underwrite, because they may give the Reader a taste of his others, which were like these. Causa tibi mecum est communis, carceris, Ara- Bella, tibi causa est, Araque sacra mihi.
I'd undertake to underwrite the whole English-speaking world to keep peace, under our leadership. Instead whereof, every move we now make is to follow them or to drive them. The latter is impossible, and the former is unbecoming to us. But to return to Christmas. I could go on writing for a week in this off-hand, slap-dash way, saying wise things flippantly. But Christmas that's the thing now.
The big London bankers who had their names on the back of such acceptances could not in honor underwrite any more commercial bills. They knew their capital was involved in collection of those already out. But Britain said the commerce of England must go on as well as the war.
We intend to insure her among our friends in Dublin, and they, knowing her good qualities and your careful character, would be ready to underwrite her at a moderate premium considering the war risk." "That is what we wish, Mr Massey," said Mr Ferris.
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