society pays receives service income
‘The individual whose effort creates values for which
society pays receives service income. His reward is a reward
for his personality, his time, his strength. Railroad
president and roadmender devote themselves to activities
[…]
has of late years been indulged in to an enor-
mous extent, and large fortunes have been made
and much money lost
Speculation in shares of mining companies
has of late years been indulged in to an enor-
mous extent, and large fortunes have been made
and much money lost. As a rule the prizes
have been […]
starting in life, is to select the vocation which is most congenial to
his tastes
The safest plan, and the one most sure of success for the young man
starting in life, is to select the vocation which is most congenial to
his tastes. Parents and guardians are often quite too negligent in
regard to this. It very common for […]
on the death of the survivor, is useful in cases
where land or house property is held on lease,
so that there may be no pecuniary loss when the
lease expires
_Insurance on the Longest of Two Lives_, payable
on the death of the survivor, is useful in cases
where land or house property is held on […]
palities and trusts in Colonial and foreign towns,
and the security offered consists of rates and
revenues from the various undertakings, such as
harbours, gas, and water-works, city improve-
ments, &c
These represent money borrowed by munici-
palities and trusts in Colonial and foreign towns,
and the security offered consists of rates and
revenues from the various undertakings, such […]
at the dotted line, and is retained by the cashier,
who hands over 10 to the lady together with
the book containing the remaining cheques
The cheque is detached from the counterfoil
at the dotted line, and is retained by the cashier,
who hands over 10 to the lady together with
the book containing the remaining cheques.
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by which this process of investment is carried out, and international
finance is the machinery by which the wealth of one country is invested
in another
Capital, then, is wealth invested in industry, finance is the machinery
by which this process of investment is carried out, and international
finance is the machinery by which the wealth of one country is […]
civilized lands, lend the money entrusted to them, may fairly be
presumed to know something about the use and abuse of money and to be
able to take care of themselves
In the second place, the customers to whom bankers, in economically
civilized lands, lend the money entrusted to them, may fairly be
presumed to know something about the use […]
of the security that it offers, the profits of those who cater for its
weaknesses will wax fat
give more attention to the size of an advertisement than to the merits
of the security that it offers, the profits of those who cater for its
weaknesses will wax fat.
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succeed with borrowed money
There is no greater mistake than when a young man believes he will
succeed with borrowed money. Why? Because every man”s experience
coincides with that of Mr. Astor, who said, ‘it was more difficult for
him to accumulate his first thousand dollars, than all the succeeding
millions that made up his colossal fortune.’ Money is good […]