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Image sizes: 256x256, 48x48, 32x32, 24x24, 16x16 File formats: BMP, GIF, PNG, ICO ![]() ![]() ![]() ![]() Tags: find icons greatestjournal, to despised icon, fvwm icon, os x icon builder, love buddy iconsThe public companies, it was absolutely changed. In 1884 only 227 publicThe companies from 1 585 mentioned in Burden manufactured more than one version Securities, but already in 1915 75 % of all companies in textile and The steel-smelting industry manufactured also preference shares, and Bonds, manufactured 75 % of "other" trading and industrial companies Preference shares, and 50 % of this last group manufactured also bonds. Industrial Finance, Cottrell, p. 167 - notices on the other hand that issue practice not completely Secured bonds ceases between 1895, when the average uncovered Funds a share of the shares mentioned in Official Intelligence of the sir of G.Burdeta (The first edition - 1882), made 33,2 %, and 1915, when the such Practice was saved only for shares financial and assurance companies. Abundantly clear that investors of the end of a XIX-th century believed that consolidation Industrial enterprises promises monopolistically profits - and there is no doubt, What exactly this belief was maintained by founders of trusts. George A.Stigler As follows sums up benefits of merge for the first founders of trusts: In what of advantage of merge before arrangement? The partial answer in instructions on Illegality of arrangement after 1890. But it is not necessary to exaggerate significance It. About efficiency of the law of Sherman in arrangement cases it was impossible anything To tell till 1899 when the decision on business "was accepted Eddiston Went"; and Then the wave of merges in England where arrangement could not be at the same time took place The basis for suit. It is necessary to mention also that merges Function it, but at arrangement it is possible to avoid growth of costs Because of increase in scales of production. I am inclined to underline significance Other advantage of merges: they allowed to capitalise the possible Exclusive profits and to distribute a part of these capitalised profits in Advantage of professional founders. Merges have opened for Morgan and Moora new ![]()
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