Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business BuccaneerChester, George Randolph
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Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business Buccaneer
Chester, George Randolph
Businessmen -- Fiction; New York (N.Y.) -- Fiction; Swindlers and swindling -- Fiction
"Certainly we will," he admitted. "But say; I have some friends that I'd
like to bring into this thing. They're not able to buy blocks of stock
as large as you suggested, but, maybe, we could split up one lot so as
to let them in."
"I don't like the idea of small stockholders," Mr. Wallingford objected,
frowning. "They are too hard to handle. Your larger investors are
business men who understand all the details and are not raising eternal
questions about the little things that turn up; but since we have this
tack so perfect I've changed my plan of incorporation, and consequently
there is a way in which your friends can get in. We don't want to
attract any attention to ourselves from the Eureka people just now, so
we will only incorporate at first for one thousand dollars, in ten
shares of one hundred dollars each--sort of a dummy corporation in which
my name will not appear at all. If you can find four friends who will
buy one share of stock each you will then subscribe for the other six
shares, for which I will pay you, giving you one share, as I promised.
These four friends of yours then, if they wish, may take up one block of
twenty-five thousand when we make the final corporation, which we will
do by increasing our capital stock as soon as we get our corporation
papers. These friends of yours would, necessarily, be on our first board
of directors, too, which will hold for one year, and it will be an
exceptional opportunity for them."
"I don't quite understand," said Mr. Lamb.
Public-domain text, read in full here on John Shaqi.
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