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" The principle of limitation of dividend is in itself faulty. So long as the charge is not too high, the public have no interest in the reduction of dividend. Their interest is in the reduction of price, which is a totally different thing. The fallacy... "
The State in Its Relation to Trade - Side 88
av Thomas Henry Farrer Baron Farrer - 1883 - 181 sider
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The Quarterly Review, Volum 131

1871 - 608 sider
...a price you can manufacture an article which shall produce you exactly 10 per cent, dividend — no more, and no less.' To do this requires all the knowledge,...different thing. If the consumer can get his gas at 3s. instead of 4s. per 1000 cubic feet, he is not the less benefited if the shareholder at the same...
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The Atlantic Monthly, Volum 67

1891 - 906 sider
...reduction. As expressed by Sir Thomas Farrer, for many years secretary of the English Board of Trade : " The principle of limitation of dividend is in itself...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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The Quarterly Review, Volum 131

1871 - 606 sider
...a price you can manufacture an article which shall produce you exactly 10 per cent, dividend — no more, and no less.' To do this requires all the knowledge,...different thing. If the consumer can get his gas at 3s. instead of 4s. per 1000 cubic feet, he is not the less benefited if the shareholder at the same...
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The Corporation Problem: The Public Phases of Corporations, Their Uses ...

William Wilson Cook - 1891 - 286 sider
...and involved themselves in a maze of absurdities,' that ' the principle is in itself faulty,' that ' so long as the charge is not too high the public have...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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Railway Rates and Government Control: Economic Questions Surrounding These ...

Marshall Monroe Kirkman - 1892 - 368 sider
...official for many years connected with the government of England, referring to this subject, says:* " The principle of limitation of dividend is in itself...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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Railway Rates and Government Control: Economic Questions Surrounding These ...

Marshall Monroe Kirkman - 1892 - 366 sider
...official for many years connected with the government of England, referring to this subject, says:* " The principle of limitation of dividend is in itself...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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The Science of Railways ...: With Illustrations of the Inception ..., Volum 8

Marshall Monroe Kirkman - 1894 - 452 sider
...official for many years connected with the government of England, referring to this subject, says:* " The principle of limitation of dividend is in itself...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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Basis of Railway Rates and Private Vs. Governmental Management of Railroads ...

Marshall M[onroe] Kirkman - 1905 - 378 sider
...official for many years connected with the government of England, referring to this subject, says:* " The principle of limitation of dividend is in itself...reduction of price, which is a totally different thing. The fallacy lies in supposing that what is taken from the shareholders necessarily goes into the pocket...
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The Bulletin of the National Tax Association, Volumer 11-12

National Tax Association - 1926 - 622 sider
...company limitation in England, when it became a definite limitation and you could have no more : " The principle of limitation of dividend is in itself...long as the charge is not too high, the public have m interest in the reduction of dividends. Their interest is in the reduction of price, which is a totally...
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The Yale Review

George Park Fisher, George Burton Adams, Henry Walcott Farnam, Arthur Twining Hadley, John Christopher Schwab, William Fremont Blackman, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Wilbur Lucius Cross - 1927 - 882 sider
...manufacture an article which shall produce you exactly ten per cent dividend, no more and no less.' . . . "But further, the principle of limitation of dividend...reduction of price, which is a totally different thing. . . . The fallacy lies in supposing that what is taken from the shareholder necessarily goes into the...
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