Because investing in new companies is entirely different than knowing when to buy and sell a stock.
Under it the cost of the necessary land was to be found as to one-third by the state and as to the residue locally, but this arrangement proved unworkable and was abandoned in 1845, when it was settled that the state should provide the land and construct the earthworks and stations, the various companies which obtained concessions being left to make the permanent way, provide rolling stock and work the lines for certain periods.
The three chief companies are the Messageries Maritimes (Marseilles and Bordeaux), the Corn pagnie Gnrale Transatlan~ique (Le Havre, St Nazaire and Marseilles) antI the Chargeurs Runis (Le Havre).
In 1658 Colonel Edward Doyley, the governor, gained a decisive victory over thirty companies of Spanish foot, and sent ten of their flags to Cromwell.
At that time the total number of places supplied with telegraphic communication by all the companies collectively, including railway stations, was 2500, whereas the number of places having postal communications was over io,000.
Some of the complaints against the companies, however, were exaggerated, and the estimates formed of the possible commercial development of telegraphy were optimistic. The basis for these estimates was the experience of other countries, which, however, did not justify the expectation that a large increase of business consequent on reduction of rates could be obtained without serious diminution of profit.
The experience of the telegraph companies in the United Kingdom, moreover, showed that a uniform rate, irrespective of distance, of Is.
In 1861 the United Kingdom Telegraph Company began a competition with the other companies on the basis of a is.
Rate, and the old-established companies were forced to adopt this rate between all points served by the United Kingdom Company; but after a trial of four years it was found that a uniform is.
Both the telegraph companies and the railway companies had incurred heavy commercial risks in developing the telegraph services of the country and only moderate profits were earned.
Very little new capital was invested by the telegraph companies about 1865 because of the natural reluctance of the companies to extend the systems under their control so long as a proposal for their acquisition by the state was under consideration.
In 1868 the length of electric telegraph lines belonging to the companies was 16,643 m., and of those belonging to the railway companies 4872 m., or a total of 21,515.
With regard to the statement that the companies had installed competitive systems and had expended capital needlessly, it was found by the Post Office authorities that in 1865 less than 2000 m.
These, to me, are the most exciting companies to look at.
Brilliant doctors try to understand what is happening, and drug companies commission studies to see if this particular chemical, frequently found in radish pesticides, known to be harmless to humans, might just cure skin cancer.
In the early 1800s, fertilizer companies sprang up using bone meal as the principle agent.
Had they been born today, they would have started companies, not become mercenaries reading Soldier of Fortune magazine.
All big companies fall.
The company commanders ran off to their companies, the sergeants major began bustling (the greatcoats were not in very good condition), and instantly the squares that had up to then been in regular order and silent began to sway and stretch and hum with voices.
The regiment broke up into companies, which went to their appointed quarters near Braunau, where they hoped to receive boots and clothes and to rest after their hard marches.
All along the sides of the road fallen horses were to be seen, some flayed, some not, and broken-down carts beside which solitary soldiers sat waiting for something, and again soldiers straggling from their companies, crowds of whom set off to the neighboring villages, or returned from them dragging sheep, fowls, hay, and bulging sacks.
Another company, a lucky one for not all the companies had vodka, crowded round a pockmarked, broad-shouldered sergeant major who, tilting a keg, filled one after another the canteen lids held out to him.
Passing between the companies that had been eating porridge and drinking vodka a quarter of an hour before, he saw everywhere the same rapid movement of soldiers forming ranks and getting their muskets ready, and on all their faces he recognized the same eagerness that filled his heart.
The retirement of the center to the other side of the dip in the ground at the rear was hurried and noisy, but the different companies did not get mixed.
The infantry regiments that had been caught unawares in the outskirts of the wood ran out of it, the different companies getting mixed, and retreated as a disorderly crowd.
The regimental commander and Major Ekonomov had stopped beside a bridge, letting the retreating companies pass by them, when a soldier came up and took hold of the commander's stirrup, almost leaning against him.
Many of them appropriated several houses, chalked their names on them, and quarreled and even fought with other companies for them.
The twenty-four sharpshooters with discharged muskets, standing in the center of the circle, ran back to their places as the companies passed by.
"Hurrah-ah-ah!" reverberated in the forest, and the Cossack companies, trailing their lances and advancing one after another as if poured out of a sack, dashed gaily across the brook toward the camp.
By October, when the French were fleeing toward Smolensk, there were hundreds of such companies, of various sizes and characters.