These, to me, are the most exciting companies to look at.
All big companies fall.
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.
"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.
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 two companies amalgamated as the United Telephone Company Ltd.
In the early 1800s, fertilizer companies sprang up using bone meal as the principle agent.
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.
Nearly all the cable companies possess their own steamers, of sufficient dimensions and specially equipped for making ordinary repairs; but for exceptional cases, where a considerable quantity of new cable may have to be inserted, it may be necessary to charter the services of one of the larger vessels owned by a cable-manufacturing company, at a certain sum per day, which may well reach £200 to £300.
It cannot justly be said that the companies made large profits while neglecting to develop the services adequately, but it is true that they were not able commercially to comply with many of the demands made upon them by the public. Until speculation took place in anticipation of government purchase, the market prices of the telegraph securities were mostly below par.
The telegraph companies proposed to effect an amalgamation so as to enable the services to be consolidated and extended, and they proposed to submit to various conditions for the protection of the public, such as maximum rates and limitation of dividends, with the provision that new issues of capital should be offered by auction, but public opinion was averse to the proposal.
Paid to the railway companies for their reversionary rights, the cost of which had been estimated at £700,000.
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.
It also expressed willingness that the companies should have rights of way in the streets.
The railway system of Sardinia is in the hands of two companies - the Compagnia Reale delle Ferrovie Sarde, and the Compagnia delle Ferrovie Secondarie della Sardegna.
In the south-western portion of the island are several private railways belonging to various mining companies, of which the lines from Monteponi to Portoscuso, and from S.
In the spring of 1848 he was in Germany, and on the outbreak of the revolutionary troubles he accepted the invitation of the government of Baden to take the command against the insurgent "free companies" (Freischaaren).
All the companies, except the Nord, have at one time or another had to take advantage of the guarantee, and the fact that the Ouest had been one of the most persistent and heavy borrowers in this respect was one of the reasons that induced the government to take it over as from the 1st of January 1909.
But in communes the revenues of which exceed 120,000, the budget is always submitted to the president of the republic. The ordinary revenues include the produce of additional centimes allocated to communal purposes, the rents and profits of communal property, sums produced by municipal taxes and dues, concessions to gas, water and other companies, and by the octroi or duty on a variety of articles imported into the commune for local consumption.
Several companies are devoting all their energies to zinc extraction, and the output is now equal to about 5% of the world's production.
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.
At that date the superintending and managing staffs of the Post Office comprised 590 persons, the staff of the old companies with only about one-third of the traffic having been 534 persons.
A further cause has been competition offered by the telephone service, but against this the Post Office has received royalties from telephone companies and revenue from trunk telephone lines.
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.
The United Telephone Company confined its operations to London; subsidiary companies were formed to operate in the provinces.
The Post Office at the same time established several telephone exchanges in provincial towns so as to enable the PostmasterGeneral " to negotiate with the telephone companies in a satisfactory manner for licences."
After the withdrawal of the restriction against the companies erecting trunk wires it became evident that the development of the telephone services throughout the country would be facilitated by complete intercommunication and uniformity of systems, and that economies could be effected by concentration of management.
The various companies therefore amalgamated as the National Telephone Company.
As a result only eight companies out of over seventy that had applied obtained or accepted licences.
The Post Office proposed to engage in active competition with the telephone companies, but the Treasury at that time opposed this policy on the ground that the state should at most be ready to supplement and not to supersede private enterprise.
The government had the option to buy out the: companies under the licences of 1884, but did not exercise it.
It compelled the companies to sell their trunk wires to the Post Office, leaving the local exchanges in the hands of the companies.
At the time of the formation of the various telephone companies the enterprises were regarded as speculative, and much of the capital was raised at a discount.
In the period from 1855 to 1868 the number of messages carried annually by all the telegraph companies of the United Kingdom increased from 1,017,529 to 5,781,989, or an average annual increase of 16.36 per cent.
The relative backwardness of telegraphy in Great Britain was attributed to high charges made by the companies and to restricted facilities.
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.
The price awarded to the six telegraph companies was £5,733,000.
The submarine telegraphs are mainly controlled by companies, the amount of issued capital of the existing British telegraph companies (twenty-four in number) being £3 0, 447, 1 9 1, but a certain number of lines are in government hands.
Since by international agreement the wilful damage of a cable has been constituted a criminal offence, and the cable companies have avoided crossing the fishing banks, or have adopted the wise policy of refunding the value of anchors lost on their cables, the number of such fractures has greatly diminished.