Ultimate Finance; A True Theory of Co-Operation

Ultimate Finance; A True Theory of Co-Operation

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ... possession of homes, which may be held on easy terms, and transmitted uuiucumbered to heirs or descendants, should be held as a chief object of endeavor; but it would be folly to rest satisfied with the attainment of this object, no matter how much it is to be desired. It was assumed in the beginning, on data too strong to be controverted, that the world's chief want is capital. On this assumption the lesson must be studied; and not until it is made clear that the total of operative capital can be duplicated, or even multiplied infinitively, can the argument be said to have reached its aim. Look around and observe in detail the execution of work demanding a large expenditure of money. Let us again find an example in the construction of a railway. It is a popular impression that capital springs out of the ground for the construction of railways; and to say truth there is a great deal in the methodsof fertilizing and watering the plant to sustain the opinion. The capital is seen to expand from small beginnings in a very mysterious manner until it becomes a tree of really magnificent proportions beneath the shadow of which men of fortune rest and seem to take solid comfort. It is supposed, therefore, that the promoters must be men of large resources. As a matter of fact they are usually men of very limited resources, in the sense that combines capital with accumulated wealth. They are most commonly engineers, contractors, or unclassified men with a turn for large ventures in construction, but with very little money. They win their spurs as capitalists by becoming capitalists in the most ethereal sense of the word, and then painfully materializing themselves into bodies of greater or less consistency. Let us observe how these men operate. Three, ...show more

Product details

  • Paperback | 28 pages
  • 189 x 246 x 2mm | 68g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236647475
  • 9781236647474