FREE BOOKS

Author's List




PREV.   NEXT  
|<   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   193  
194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   >>  
ankly--he'll create a lot of unpleasantness. Might disrupt the company, in fact, if he sticks to the position he took this morning. Thought I'd run in and talk it over with him. Fellow's generally in a good humor, you know, when he's lunched comfortably at home." "I'm quite in the dark," Hazel confessed. "Bill seemed a trifle put out about something. He didn't say what it was about." "Shall I explain?" Mr. Brooks suggested. "You'd understand--and you might be able to help. I don't as a rule believe in bringing business into the home, but this bothers me. I hate to see a good thing go wrong." "Explain, by all means," Hazel promptly replied. "If I can help, I'll be glad to." "Thank you." Mr. Brooks polished his glasses industriously for a second and replaced them with painstaking exactitude. "Now--ah--this is the situation: When the company was formed, five of us, including your husband, took up enough stock to finance the preliminary work of the undertaking. The remaining stock, seventy-five thousand dollars in amount, was left in the treasury, to be held or put on the market as the situation warranted. Bill was quite conservative in his first statements concerning the property, and we all felt inclined to go slow. But when Bill got out there on the ground and the thing began to pay enormously right from the beginning, we--that is, the four of us here, decided we ought to enlarge our scope. With the first clean-up, Bill forwarded facts and figures to show that we had a property far beyond our greatest expectations. And, of course, we saw at once that the thing was ridiculously undercapitalized. By putting the balance of the stock on the market, we could secure funds to work on a much larger scale. Why, this first shipment of gold is equal to an annual dividend of ten per cent on four hundred thousand dollars capital. It's immense, for six weeks' work. "So we held a meeting and authorized the secretary to sell stock. Naturally, your husband wasn't cognizant of this move, for the simple reason that there was no way of reaching him--and his interests were thoroughly protected, anyway. The stock was listed on Change. A good bit was disposed of privately. We now have a large fund in the treasury. It's a cinch. We've got the property, and it's rich enough to pay dividends on a million. The decision of the stockholders is unanimously for enlargement of the capital stock. The quicker we get th
PREV.   NEXT  
|<   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   193  
194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   >>  



Top keywords:
property
 

dollars

 

treasury

 
thousand
 
market
 
capital
 

situation

 

company

 

husband

 

Brooks


larger
 
balance
 

secure

 

decided

 

putting

 

figures

 

forwarded

 

shipment

 

ridiculously

 

undercapitalized


greatest
 

expectations

 

enlarge

 
immense
 

privately

 
disposed
 
protected
 

listed

 

Change

 

enlargement


unanimously

 

quicker

 
stockholders
 
decision
 

dividends

 
million
 

interests

 

beginning

 

hundred

 

annual


dividend

 

meeting

 
authorized
 

reason

 
simple
 
reaching
 

cognizant

 

secretary

 
Naturally
 

conservative