A Concise Exposition of the Doctrine of Association Or Plan for a Re Organizati
A Concise Exposition of the Doctrine of Association Or Plan for a Re Organizati
Albert Brisbane
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Thus, did a capitalist possess hundreds of thousands, he could realize his fortune at a moment's notice, and without loss or expense. If an Association had not funds on hand to purchase the shares of a large stockholder, the Council of the district or province in which it was situated, would advance tb money and take the stock, which in Associa- tion is considered as the best of investments. An Association can in no case become bank- rupt, or carry off its lands, edifices, manufac- tories and f...locks, as could be done with th capital of a bank. As regards damage by the elements, collective and reciprocal insurances will exist. Conflagrations will be reduced to almost nothing, owing to the precautions which can be taken in the construction of the edifices of Association, and in their supervision. A minor will run no risk of losing his pro- perty, or of being wronged in the management of the principal or income : the administration of it is the same for him as for the other stock- UNITY OF INTERESTS, ETC.
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