Trusty

“ Then comes that other legend; the notion that men like the masters of the Newspaper Trusts “give the people what they want.” Why, it is the whole aim and definition of a Trust that it gives the people what it chooses. In the old days, when Parliaments were free in England, it was discovered that one courtier was allowed to sell all the silk, and another to sell all the sweet wine. ”

“ Least of all did I approve of the 'business basis,' and I looked very much askance indeed at the 'Scientific and Religious Trust Company,' duly incorporated and generally known as the Pythagorean [252] Trust, which, consolidating with mind-curists, faith-curists, and other flourishing salvation syndicates, actually claimed a place among ordinary trusts, and at the same time pretended to a control over man's future life. ”

“ Under the circumstances, therefore, we, the trustees, have not only a single and united duty towards you as the object of the testator's wishes, but towards each other as regards the manner of the carrying out of that duty. I take it, therefore, that it would not be consonant with the spirit of the trust or of our own ideas in accepting it that any of us should take a course pleasant to himself which would or might involve a stern opposition on the part of other of the co-trustees. We have each of us to do the unpleasant part of this duty without fear or favour. ”

“ Now, generally, it will be impossible to define, with any degree of accuracy, what the objects of the trust are to be; and it is always impossible to define the duties of the trustees and the methods to be employed by them in managing their business. ”

“ A trustee whose trust fund is biographical truth, he has, after collecting and marshalling all the facts that come to his hand, to decide what is truth as indicated by those generalized facts. But having done this, he has to decide what is the proper time for giving the world the truth, the whole truth, and nothing but the truth—what is the proper time? ”

“ In the commission of every trust there is an implied tribute to the integrity and intelligence of the trustee, and there is also an implied call for the faithful exercise of those properties to the fulfilment of the purposes of the trust. The tribute and the call acquire additional force and energy when the trust is committed for performance after the decease of him by whom it is granted; when he no longer lives to constrain the effective fulfilment of his design. ”

“ I was well pleased to find how much I had underrated the interest-bearing capacity of my windfall. ‘Four per cent!’ he cried, when I told him this was the extent of my expectations. ‘Why, you’re talking like a trustee.’ And then seeing that his meaning was beyond me, he explained in his bluff, humorous manner. ‘All a trustee cares for you know, is his reputation for safety. It’s not his own income he’s nursing, and so he doesn’t care how small he makes it, provided only that his investments would be always called safe. ”

“ With the Battle of Trusts, a student of mechanics felt entire sympathy, not merely as a matter of politics or society, but also as a measure of motion. The Trusts and Corporations stood for the larger part of the new power that had been created since 1840, and were obnoxious because of their vigorous and unscrupulous energy. They were revolutionary, troubling all the old conventions and values, as the screws of ocean steamers must trouble a school of herring. They tore society to pieces and trampled it under foot. ”

“ In regard to deeding over your property, no one compels you to do it. I do not compel you to do it, the Trustee in Trust does not, God does not; but He says that if you will do this, that and the other thing which He has counselled for our good, do so, and prove Him. He goes to work and proves us, as we go to work and prove one another under various circumstances. ”

“ THE OCTOPUS MAROONED
"A trust is its weakest point," said Jeff Peters.
"That," said I, "sounds like one of those unintelligible remarks such as, 'Why is a policeman?'"
"It is not," said Jeff. "There are no relations between a trust and a policeman. My remark was an epitogram—an axis—a kind of mulct'em in parvo. What it means is that a trust is like an egg, and it is not like an egg. If you want to break an egg you have to do it from the outside. The only way to break up a trust is from the inside. ”

“ In adverting to the character of the trustee selected by the testator for the fulfilment of his intentions, it is deemed no indulgence of unreasonable pride to mark it as a signal manifestation of the moral effect of our political institutions upon the opinions and the consequent action of the wise and good of other regions and of distant climes, even upon that nation from whom we generally boast our descent. ”

“ The moment that the eagerness of our American Trusts is an eagerness for things that they really want, the Trusts will be seen piling over each other's heels, asking the government to please investigate them. The more they can get the people to know about them and about their eagerness, the more the people will trust them and deal with them. ”

“ The only way to break up a trust is from the inside. Keep sitting on it until it hatches. Look at the brood of young colleges and libraries that’s chirping and peeping all over the country. Yes, sir, every trust bears in its own bosom the seeds of its destruction like a rooster that crows near a Georgia colored Methodist camp meeting, or a Republican announcing himself a candidate for governor of Texas.”
I asked Jeff, jestingly, if he had ever, during his checkered, plaided, mottled, pied and dappled career, conducted an enterprise of the class to which the word “trust” had been applied. ”

“ It need not be wondered that the Trusts, those huge raw youngsters of the modern spirit, have had to go through with most of the things other boys have. The Trusts have had to go through, one after the other, all their children's diseases, and try their funny little moral experiments on the world. ”

“ Last night there was a dinner party and some such clever men came. They were great financiers or business men or heads of Trusts. That means you have a splendid opportunity to speculate, only if anything goes wrong you have to chance all your other associates on the trust turning against you and saying it was all your fault, and then you generally have to commit suicide; but while you are head you can become frightfully rich and respected. ”

“ If it be that you fail at the first in the speedy fullfillment of the Trust—as may be, now that the purpose of our great Armada hath been checked—it may be well that whoso to whom is the Trust may come hither and dwell upon these shores so that he may watch over the purpose of the Trust and be at hand for its fullfillment when occasion may serve. ”

“ The Trusts have been guessing wrong on what they would wish they had done in twenty years, and the best of them now are trying to guess better. They are trying to acquire prestige by being far-sighted for themselves and far-sighted for the people who deal with them, and are resting their policy on winning confidence and on keeping faith with the people. ”

“ He inspired that kind of trust enormously in men also, and his house was constantly filled with people asking his advice and begging him to do things—sometimes not very easy ones. He was always being left guardian to young persons who would never require one, and said himself he had become almost a professional trustee. ”

“ If he is running a trust—our most characteristic, recklessly difficult American invention for a man to show through, and if he tries to get his American temperament to show through in it, tries to make his trust like a vast portrait, like a kind of countenance on a country, of what a big American business is like, what will he do? ”

“ ON the published bills and circulars of the "Fidelity Trust Company," of Philadelphia, is a representation of a strong-box guarded by a watchful dog. The faithful protection of the dog is a striking emblem of the mission of the Fidelity Trust Company. Fidelity to a trust is certainly a moral quality of a high order. ”

“ It is safe to assume that the reader is somewhat familiar with the general charges which have been brought against the trusts; but even if this side of the story has not been heard, it is not unfair to look at them first from the standpoint of the men who make and manage them. In order to do this, suppose we select some particular trust which will serve as a type, and imagine that some frank, candid manufacturer, who is a member of this trust, comes before us to give an account of its formation and operations. ”

“ I am employed by the Honorable Captain De Courcy to perform a particular duty, which is of the distinct nature of a trust; that trust, whose importance I do not seek to extenuate in the slightest, I fail in. I will not plead the strong temptation of a race and a great spectacle. ”

“ There is no reason in the world why this particular Trust, which is open and above board, should not have the best it can pay for, and as it has done me the honour to select me, I in return have given it the very best of my ability—which should salve any conscience. ”

“ And Secondly, the Absurdity of the very Supposition, even in the Case of a Trust conferr'd by the People. If the King breaks his Trust, the People Resume it: but who are These People? If a Representative, they are but Trustees Themselves, and may incur a Forfeiture too, by the same Argument. ”

“ It is difficult to speak of these gentlemen without seeming to use the language of compliment; but, in making known to other cities the peculiar organization which has been so successful in this, it must always be remembered what the character of trustees should be, who bear upon their shoulders so important a trust. These men are known through the city and indeed in distant parts of the country, as showing in their lives a profound and conscientious conviction of the responsibility which wealth and ability are under to the community. ”

“ The fact that theoretical forms of government may be studied does not, I think, detract from that in the least. It seems to me that, as a matter of construction, the trust deed was trying to provide for public instruction in the matters set out and not to create some merely private study and knowledge. I think that is clear from the terms of sub-cl (c) , sub-cl (d) and sub-cl (e) . Therefore, on the true construction of those two clauses, standing alone, I should come to the conclusion that this constituted a valid charitable trust. ”

“ And the song would be, 'Blessed are the trusts.' And yet again, not only is your small combination not a trust, but you are aware yourself of its lack of strength. You are beginning to divine your own end. You feel yourself and your branch stores a pawn in the game. You see the powerful interests rising and growing more powerful day by day; you feel their mailed hands descending upon your profits and taking a pinch here and a pinch there—the railroad trust, the oil trust, the steel trust, the coal trust ”

“ The trustees stirred in their chairs with a comfortable relaxing of joint and muscle, as if to say, "There, that is a piece of business well despatched; nothing like methods of conservation and efficiency, you know." Only the little gray wisp of a woman by the door sat rigid, her hands still folded on her lap.
The Oldest Trustee had just remarked to the Social Trustee that all the things gossip had said of the widow of the Richest Trustee were undoubtedly true—she was a nonentity—when the Senior Surgeon dropped in. ”

“ If the individual is satisfied with the trustees, and sees nothing to object to in the proposed system of management, and if the prospect of increased profits is sufficiently great to make him willing to part with his inalienable right of doing what he will with his own, such a trust may justify itself to his judgment. ”

“ People would at once say it was a plot I had hatched—especially as you went there under an assumed name. No; it would never do. You forget I am her trustee, and literally the only person on whom she does rely. ”

“ Assume it all to be true, then something else has to be done to bring about the occasion for the intervention of the trust. You can argue it out, and think it over till the crack of doom, Yardley, but I am positive that that trust cannot come into operation by mere fortuitous circumstance. ”

“ The business man is expected, by his Lord, to buy and sell, not for himself alone, but as a trustee. In this office it is of great importance that a man be found faithful to the confidence reposed in him (1 Corinthians 4:1,2; Luke 16:2,11; Romans 14:12; Luke 19:11, 27) .
A man in a trusteeship, if he is honest, will not waste or squander the property entrusted to his care. He will treat fairly and honestly all men who work for him. The men working for him will feel that they are also trustees seeking to use their skill and time, so that the best interests of God and man may be served. ”

“ A few days later the sobering sense which impelled me to resolve that I must absent myself from gaming tables evolved into a stern ambition to accomplish big things for the trust company. I went about my business like a man who sees dazzling before him a golden scepter and who is imbued with the idea that if he exerts the power he can grasp the prize. It had been agreed that the trust company would specialize in the promotion of mining companies, and I determined that the trust company should conduct its business as a trust company ought. ”

“ There is a gap of three lengths between her and Trustee. He never hurries himself, but goes on steadily as ever. See, as he passes, how he straddles behind like an old cow, and yet how dexterously he paddles himself along, as it were, with one hind foot. ”