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Promoter's Assistant and Improved Secretary's Manual; A Compendium of Forms, Instructions, and Legal Information for Promoters, Secretaries of Corporations and Others

Promoter's Assistant and Improved Secretary's Manual; A Compendium of Forms, Instructions, and Legal Information for Promoters, Secretaries of Corporations and Others


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: so, he has a broad field of operations and reasonable prospects of success. English Promotion.?In England, particular in London, the flotation of first-class industrial concerns, showing large and substantial profits, especially if such profits can be proven to be progressive, is a regular branch of business and is conducted by promoters, of whom there are several degrees or castes. In some instances the promoter highest in rank is represented as the capitalist by his humbler brethren of the craft, and prospective vendors are thus led on, at considerable expense, to meet with bitter disappointment in the end. It may be remarked that it is necessary, in order to attract English capital, particularly where the business to be acquired is located outside of England, that the vendors should take a considerable portion of the purchase consideration in the shares of the projected new company. American Promotion.?In our own country, not a few of the new corporations are in the hands of promoters who are schemers and speculators. It is not an uncommon thing to form a combination of manufacturing industries, representing a total cash valuation of say $5,000,000, and to incorporate for say $50,000,000. The promoter receives from $5,000,000 to $10,000,000 for his services, a lot of common stock is issued, and is divided among the manipulators. The stock is placed on the market, boomed with favorable announcements, and sold for par, or nearly at par, to investors, who become the stockholders. Prior to entering into the combination, the companies who united to form it were perhaps paying very small dividends, or even running at a loss, and the stock of the combination is so heavily watered that it is impossible to pay remunerative dividends; the result is that the investing stockholders a...


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Product Details
  • ISBN-13: 9780217537001
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 130
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 0217537006
  • Publisher Date: 11 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 245 gr


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Promoter's Assistant and Improved Secretary's Manual; A Compendium of Forms, Instructions, and Legal Information for Promoters, Secretaries of Corporations and Others
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