History of the Colonies Essequebo, Demerary and Berbice; From the Dutch Establishment to the Present Day

History of the Colonies Essequebo, Demerary and Berbice; From the Dutch Establishment to the Present Day

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ...to establish "a Company for seriously taking in "hand, and boosting this Colony, "and with that object in view to "raise a stock of $200,000 guild"ers, divided into 1,600 shares. "each of 2,000 guilders, where"in the old proprietors would "retain 400 shares for them? " selves together with 800,000 "gs. over and above that, to be "paid as compensation for their "handing it over; only wanting " 50% of their deposits to be paid "by the subscribers in eight instal"ments, of which the last would "have to be met before 1st April, "1724. The main idea to get plenty 'oi'. money in this way, with the object of bringing the Colony to greater prosperity, was excellent but the last-mentioned condition that the shareholders would only be required to deposit 50% of their subscription spoilt everything. Of the 1,600 shares only 941 were taken up by private people and the deposits on them and on the 400' shares reserved by the old owners was the only capital that was received in cash, because on the 259 shares not allotted, naturally nothing was paid.. Getting the deposits on the shares was attended besides with dificulty and in,173-2 still only 42% had been paid on them, so that of the whole share-capital of 3,200,000 gllllders nominal, only 1,126,440 had at that (1) An insinuat/ion oi the mania, for speculation in those days, also vaited-over to our country, which exercised people's minds so much in France owing to the Mississipi Bank of the swindler John Law, and in England owing to the so-called South-Sea Bubble Peon Pnoomzss or THE COLONY 75 time been received in a space of 12 years and thus it was not possible to accomplish properly...show more

Product details

  • Paperback | 108 pages
  • 189 x 246 x 6mm | 209g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236835417
  • 9781236835413