First harvests : $b An episode in the life of Mrs. Levison Gower : A satire without a moralStimson, Frederic Jesup
General
First harvests : $b An episode in the life of Mrs. Levison Gower : A satire without a moral
Stimson, Frederic Jesup
American fiction -- 19th century
_Whereas_, Under the terms of the late proposed consolidation of this
company with the Silas Starbuck Oil Company, certain bonds of the
latter company were authorized by vote of both boards of directors,
and have been duly issued, to provide for terminal facilities,
wharves, etc. And although, during the process of construction, and
in consequence of certain extraordinary expenses, the earnings of
the Silas Starbuck Oil Company have proved temporarily insufficient
to meet fixed charges, the directors of the Allegheny Central
Company are convinced that the ultimate value and returns of such
improvements will more than compensate for the outlay involved;
therefore be it
_Resolved_, That inasmuch as the faith and credit of the Allegheny
Central Railroad Company have been largely relied upon by the
investing public in purchasing said bonds, though not in terms
guarantied by said company, your directors deem it proper to
definitely guaranty said bonds, principal and interest.
_Voted_, That the President and Treasurer of the Allegheny Central
Railroad Company be authorized to affix the guaranty of said company,
both for principal and interest, upon such bonds of the Starbuck Oil
Company as shall be presented at their office for that purpose before
the first day of October next.
By Jove! A great light burst upon Charlie, and the paper fell from his
hands. He took it up again, and read, lower down in the same column:
At a meeting of the Silas Starbuck Oil Company held this afternoon,
a new board of directors was elected. Phineas L. Tamms was elected
President, and the board is the same, with the exception of Deacon
Remington, who is replaced in the new board by Adolph Lauer. It
is currently reported that the control of this property has now
definitely passed into the hands of Messrs. Townley & Tamms.
“Great heavens!” gasped Charlie. Lauer was merely one of their clerks.
It was Tamms himself who had been buying all the Deacon’s Starbuck Oil
stock quietly, unknown even to Charlie; and he had sold all their own
Allegheny Central; and then met his senior partner’s order by causing
the latter corporation to guaranty the former. He had served both God
and Mammon, captured the keen Deacon, pleased his partner, and made
money at the same time. And Charlie turned to the quotations.
Allegheny Central was down at 73, and the Starbuck Oil had gone up
to 140; and the bonds were well above par. And Tamms had secured the
reputation of an honorable financier into the bargain!
Public-domain text, read in full here on John Shaqi.
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