 | Philip Alexander Bruce - Virginia - 1895 - 670 pages
...upon a joint stock but are obliged to admit any person, properly qualified, upon paying a certain fine and agreeing to submit to the regulations of the Company, each member trading upon bis own stock and at his own risk, they are called regulated companies." Adam Smith, vol. IV, p. 110.... | |
 | Philip Alexander Bruce - Virginia - 1896 - 668 pages
...own stock and at his own risk, they are called regulated companies." Adam Smith, vol. IV, p. 110. " When they trade upon a Joint Stock, each member sharing...the common profit or loss in proportion to his share iu this stock, they are called Joint Stock Companies." Ibid., p. 116. CHAPTER II ABORIGINAL VIRGINIA... | |
 | Charles John Smith - English language - 1916 - 794 pages
...woman's relation) were called her dowry."— POTTKB, Ai.tgvities of Greece. " When they trade npon a joint stock, each member sharing in the common profit or loss in proportion to his share in this stock, they are called joint-stock companies."— SMITH. Wealth of Nations. PARTAKE. PARTICIPATE.... | |
 | Sir Robert Harry Inglis Palgrave, Robert Harry Inglis Palgrave - Economics - 1901 - 824 pages
...(bk. v. ch. L), "but are obliged to admit any person, properly qualified, upon paying a certain fine and agreeing to submit to the regulations of the company,...joint stock, each member sharing in the common profit and loss in proportion to his share in the stock, they are called joint-stock companies." The oldest... | |
 | Robert Harry Inglis Palgrave, Henry Higgs - Economics - 1926 - 954 pages
...properly qualified, upon paying a certain fine and agreeing to submit to the regulations of the comi>any, each member trading upon his own stock and at his...joint stock, each member sharing in the common profit and loss in proportion to his share in the stock, they are called joint-stock companies." The oldest... | |
 | John Cunningham Wood - Biography & Autobiography - 1993 - 872 pages
...person, properly qualified, upon paying a certain fine, and agreeing to submit to the regulations of a company, each member trading upon his own stock, and at his own risk' ( 1 950, 224). Smith argued that the directors of such concerns soon managed 'to confine the greater... | |
 | Michael Lewis - Economic policy - 2007 - 1476 pages
...a joint stock, but are obliged to admit any person, properly qualified, upon paying a certain fine, v q this stock, they are called jointstock companies. Such companies, whether regulated or joint-stock,... | |
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When those companies do not trade upon a joint stock, but are obliged to admit any person, properly qualified, upon paying a certain fine, and agreeing to submit to the regulations of the company, each member trading upon his own stock, and at his own... 
