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.
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.
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.
After much negotiation the basis finally agreed upon between the government and the companies was 20 years' purchase of the profits of the year ended 30th June 1868.
In addition to the undertakings of the telegraph companies the government had to purchase the reversionary rights of the railway companies which arose out of the circumstance that the telegraph companies for the most part had erected their poles and wires along the permanent way of the railways under leases which in 1868 had still many years to run.
The price awarded to the six telegraph companies was £5,733,000.
Closely analogous to the action of the state in the cases referred to is the action taken by municipal authorities with the authority of the legislature in competing with or superseding private companies for the supply of electric light, gas, water, tramways and other public services..
Since the early days of international telegraphy, conferences of representatives of government telegraph departments and companies have been held from time to time (Paris 1865, Vienna 1868, Rome 1871 and 1878, St Petersburg 1875, London 1879, Berlin 1885,1885, Paris 1891, Buda Pesth 1896, London 1903).
It was found to be peculiarly adapted for communication between ships at sea and between ship and shore, and a system of regular supermarine communication was put into operation by two limited companies, Marconi's Wireless Telegraph Company and the Marconi International Marine Communication Company.
Both the Bell and the Edison Companies opened negotiations with the Post Office for the sale of their patents to the government, but without success.
The two companies amalgamated as the United Telephone Company Ltd.
The United Telephone Company confined its operations to London; subsidiary companies were formed to operate in the provinces.
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.
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.
Berg took the opportunity to ask, with great politeness, whether, as was rumored, the allowance of forage money to captains of companies would be doubled.
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.