Friday, August 3, 2007

In other words, is it the business of an issuing house to take care of



the economic morals of its clients, or is it merely concerned to see
that the securities which it offers to the public are well secured? In
ordinary life, and in the relations between moneylender and borrower at
home, no such question could be asked
In other words, is it the business of an issuing house to take care of
the economic morals of its clients, or is it merely concerned to see
that the securities which it offers to the public are well secured? In
ordinary life, and in the relations between moneylender and borrower at
home, no such question could be asked. If I went to my banker and asked
for a loan and gave him security that he thought good enough, it would
not occur to him to ask what I was going to do with the money--whether I
was going to use it in a way that would increase my earning capacity, or
on building myself a billiard room and a conservatory, or on a visit to
Monte Carlo. He would only be concerned with making sure that any of his
depositors" money that he lent to me would be repaid in due course, and
the manner in which I used or abused the funds lent to me would be a
question in which I only was concerned. If it is the business of an
international finance house to be more careful about the use to which
money that it lends on behalf of clients is put, why should this be so?


carprice


India is a much larger and more populous country than most people



think it to be
India is a much larger and more populous country than most people
think it to be. In shape it is somewhat like a huge kite, each of
whose diameters is over 2000 miles long, or more than the distance
across the Atlantic from Ireland to Newfoundland. Its TERRITORY is
about 1,700,000 square miles. Of this area, over 1,000,000 square
miles, a territory considerably greater than the territory of all the
states of Europe (including the British Isles) except Russia, is
directly under British control. The remainder is indirectly under
British control. The POPULATION is 308,000,000, of which 236,000,000
are directly under British control and 72,000,000 indirectly so. This
population is made up of people who speak seventy-eight different
languages, of which twenty languages are spoken by not less than
1,000,000 persons each.


ohiostatecontractorsboard


Fire companies, while anxious to issue policies on every insurable



house, are more than willing that their business rivals should do
the same, as in the event of fire the burden of loss will not be
borne by one
Fire companies, while anxious to issue policies on every insurable
house, are more than willing that their business rivals should do
the same, as in the event of fire the burden of loss will not be
borne by one.


canadiancruise