PROMOTERS AND PROMOTING 



organized financial interest in his project on 

 the part of wealth owners willing to invest, 

 the promoter also, as a rule, performs the 

 various drudgery required to unite these in- 

 vestors and put them in possession and con- 

 trol of the proposition waiting to be ex- 

 ploited. If a new railway is proposed, he 

 institutes the corporation, negotiates for the 

 right of way, and performs all the other 

 initial work necessary before the corpora- 

 tion can take over and begin utilizing the 

 property. If a mining scheme is in view, 

 he buys options on the land needing to be 

 controlled. If the project involves or con- 

 sists in the merging of independent indus- 

 tries or plants under one management, he 

 secures present owners' agreements to enter 

 the "combine" or sell thereto on such and 

 such conditions. Thus the outlines of the 

 promoter's trade begin to become clear. 



The promoter is the intermediary be- 

 tween capital and new investment chances, 

 created or discovered by him. He may 

 actually make some new invention valuable 

 for industry and drum up financial interest 



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