The Bubbles of Finance: Joint-stock Companies, Promoting of Companies, Modern Commerce, Money-lending, and Life Insuring

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S. Low, son, and Marston, 1865 - London (England) - 261 pages
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Page 141 - ... portion taken by the west to the inland markets, is still greater. The extent of shipping required to take away the cotton crop of this state is 100,000 tons, and an equal quantity of inland tonnage is employed in carrying it from the plantation to the New-Orleans market. " The New-Orleans merchants receive a commission of two and a half per cent, upon the gross amount of the sales of our products ; and the price is generally paid with the proceeds of bills which the bankers of that city discount...
Page 102 - Elgin told us that, if the paragraphs were not omitted, he would not receive the address ; and, on the principle of half a loaf being better than no bread, we omitted the paragraphs.
Page 229 - ... out a prospectus for our bank, it was necessary both to study the commercial statistics of Patagonia, and to quote largely from papers and other documents relating to its produce and trade, or else to trust to chance, and write, as it were, a pleasantly coloured picture respecting our prospects of banking in that country. The former I was afraid would take up too much time, and therefore I chose the latter. ... I commenced the document by stating that "This company has been formed for the purpose...
Page 156 - I will give you a letter of introduction to him, and I hope you may be able to arrange matters to your satisfaction.

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