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advance advantage allowed American amount authority bank banker basis bond-holder bonds borrower broker capital carried cent charges Commission common competition concern condition construction continue corporation cost customers debt decline demand dividends earnings example expenses fall farm five follows franchise give gold hand holder improvement income increase industry interest investment investment-banker investor issue land less loan loss manufacturing margin ment method mortgage municipal necessary obtain offered operation organization owner paid period plant population preferred present principal production profits protect public-service purchase railroad railway rates reached reasonable receive recent represents result rise safe sell shares sold speculation standing steel stock-holders supply timber tion trust United usually yield York
Page 179 - A common carrier, railroad corporation or street railroad corporation organized or existing, or hereafter incorporated, under or by virtue of the laws of the state of Missouri, may issue stocks, bonds, notes or other evidences of indebtedness payable at periods of more than twelve months after the date thereof, when necessary for the acquisition of property, the construction, completion, extension or improvement of its facilities, or for the improvement or maintenance of its service or for the discharge...
Page 245 - ... all contracts or acts which were unreasonably restrictive of competitive conditions, either from the nature or character of the contract or act or where the surrounding circumstances were such as to justify the conclusion that they had not been entered into or performed with the legitimate purpose of reasonably forwarding personal interest and developing trade, but, on the contrary, were...
Page 99 - The share of infamy, that is likely to fall to the lot of each individual in public acts, is small indeed ; the operation of opinion being in the inverse ratio to the number of those who abuse power. Their own approbation of their own acts has to them the appearance of a public judgment in their favour.
Page 99 - Society requires not only that the passions of individuals should be subjected, but that even in the mass and body, as well as in the individuals, the inclinations of men should frequently be thwarted, their will controlled, and their passions brought into subjection.
Page 55 - America to them in hand paid by the party of the second part, at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged...
Page 180 - In passing upon the application for leave to issue additional capital stock, the Commission will consider : "(5) Whether there is reasonable prospect of fair return upon the investment proposed, to the end that securities having apparent worth but actually little or no value may not be issued with our sanction.
Page 180 - For the purpose of enabling it to determine whether it should issue such an order, the Commission shall make such inquiry or investigation, hold such hearings and examine such witnesses, books, papers, documents or contracts as it may deem of importance in enabling it to reach a determination.
Page 179 - ... provided and not otherwise that there shall have been secured from the proper commission an order authorizing such issue, and the amount thereof and stating that, in the opinion of the commission, the use of the capital to be secured by the issue of such stock, bonds, notes or other evidence of indebtedness is reasonably required for the said purposes of the corporation...
Page 96 - They do not feel the importance of an exact conformity to contracts. It has not been their habit to meet their engagements on the very day if not quite convenient. Certainly they attach no idea of dishonesty to such a course of dealing. They mean to pay, but they did not expect when they contracted the debt to distress themselves about the payment. If a friend wants a, thousand dollars for a loan or a gift, he can have it, though perhaps a creditor wants it also. We do not mean to intimate that there...