[The Early Bird by George Randolph Chester]@TWC D-Link bookThe Early Bird CHAPTER XIII 6/17
I want to get away to-night: Can't we form that company to-day? At what figure do you propose offering the original stock ?" "The preferred at fifty, with a par value of a hundred," returned Sam promptly. "Common ?" asked Mr.Creamer crisply. "One share of common with each two shares of preferred." "Eh! Well, I've twenty-five thousand dollars to put into this marsh pulp business, if I can have any figure in the management.
I want on the board." "It's quite likely you'll be on the board," returned Sam.
"We shall have a very small list of subscribers, and the board will not be unwieldy if every investor is a director." "Voting power in the common stock ?" "In the common stock," repeated Sam. "Do you intend to buy any preferred ?" asked Creamer. "A hundred shares." "How much common do you expect to take out for your patents ?" "Two hundred and fifty thousand," Sam answered without an instant's hesitation. "Never!" exclaimed Mr.Creamer.
"The time for that's gone by, young man, no matter how good your proposition is.
It's too old a game.
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