Used to designate the Northern Pacific Rwy.
When, in England, the blank upon the back of a certificate of stock is filled in as described in the first part of "transfer in blank" with the name of the person to whom it is to be transferred, it becomes "nominal," so called.
See "Notice of Dishonor."
Used to designate the New York, Ontario & Western Rwy.
The Chicago & Wabash Valley R. R. Co.
A written instrument issued by a paymaster for money due, entitling the holder to receive the same upon presentation at the place designated; or, if issued during a scarcity of currency, payable when money becomes more plentiful.
Used in London to designate the ordinary stock of the Peruvian Corporation.
Used, to-day, to denote any contribution freely made to the Pope. Originally, the term indicated an annual payment to the Pope of Id. on every 30d. of property. This tax existed from very early days until the reign of Henry VIII.
The copper companies of which the ore is found in blanket formation and which mine chiefly with steam shovels, - includes Inspiration, Chino and Utah Copper.
See " Government Bonds," page 189.
Used in London to designate the North Staffordshire deferred ordinary stock.
A typical example is that of the Chicago & Alton R. R. Co., which has an issue of 4% cumulative "prior lien and participating stock" which has priority for assets and also dividends up to 4% per annum, but is entitled to additional dividends equal to the same rate, if any, which may be declared upon the common stock.
Profit Sharing Notes (or Bonds, etc.). A rather uncommon security, but best explained by an illustration: In 1903, the Underground Electric Railways Co. of London issued notes secured by a deposit of stocks of its constituent companies. It was provided that in the event of the sale of any of the stocks at over 95, one half of the net profits of such sale should be set aside for the benefit of the notes then outstanding.