[Flowing Gold by Rex Beach]@TWC D-Link bookFlowing Gold CHAPTER XII 14/26
It's a shrewd device, and my hat's off to the guy that invented it." "Very true.
Very well expressed.
But in the statute governing the procedure there is wrapped up a bundle of bad news, for it is provided that any officer or stockholder may become personally liable for the entire debt of the association.
There is going to be a lot of sleep lost over that fact when the truth becomes known." "You mean if I got stock in a company that's blowed up, and I'm living in Oshkosh, all pretty, that I can be hooked for the debts some crook runs up here in Texas ?" "Precisely." This intelligence brought no consternation to the partners; on the contrary, McWade, the optimist, grinned widely.
"Goes to show you we have been playing the game along safe and legitimate lines," said he. "We don't own a share in any of our own enterprises, and if we have to pick up a few now and then to boost the market, we drop them again as if they were hot.
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