Proprietor

“ What is it to consume as a proprietor? It is to consume without working, to consume without reproducing. For, once more, that which the proprietor consumes as a laborer comes back to him; he does not give his labor in exchange for his property, since, if he did, he would thereby cease to be a proprietor. In consuming as a laborer, the proprietor gains, or at least does not lose, since he recovers that which he consumes; in consuming as a proprietor, he impoverishes himself. To enjoy property, then, it is necessary to destroy it; to be a real proprietor, one must cease to be a proprietor. ”

“ Of course if a man requires the money to clear his way with the proprietor, it answers that end. If not, then the proprietors pass over the money to him.
658. Do you really think that if the proprietor had no store there, and you could buy your dry goods and provisions from anybody you like, you would be better off with respect to what you buy?- No; we could not do without the proprietor's store, because, if we have to give our earnings to the proprietor, we are obliged to take goods from his store in return. ”

“ Toullier: "Property is a right, a legal power; possession is a fact." The tenant, the farmer, the commandite, the usufructuary, are possessors; the owner who lets and lends for use, the heir who is to come into possession on the death of a usufructuary, are proprietors. If I may venture the comparison: a lover is a possessor, a husband is a proprietor. ”

“ Delighting me with such pleasing Converse, as to which I was at a Loss, whether the more to admire the ingenious Wisdom, or the Christianlike Kindliness of so worthy a Man, the Proprietor led the Way to the Village of which he appeared to be the Owner—or, I would be saying, rather the Owner of the Villagers; being, as one might say, like to a Slave-owner. ”

“ The proprietor, having estimated from his own productive capacity the number of laborers which his property will accommodate, divides it into as many portions, and says: "Each one shall yield me revenue." To increase his income, he has only to divide his property. Instead of reckoning the interest due him on his labor, he reckons it on his capital ”

“ namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated. ”

“ The proprietor, producing neither by his own labor nor by his implement, and receiving products in exchange for nothing, is either a parasite or a thief. ”

“ You see, sir, property’s so split up and divided here, that you’re always getting on somebody else’s land without knowing it. Up comes the proprietor, some poor miserable fellow that scarcely knows the taste of butcher’s meat. ”

“ Given a sufficient sentiment of public honesty, share property is property that can be owned at any distance and that yields its revenue without thought or care on the part of its proprietor; it is, indeed, absolutely irresponsible property, a thing that no old world property ever was. ”

“ Pancks nodded. ‘My proprietor. Put a case. Say, at my proprietor’s I hear name—name of young person Mr Clennam wants to serve. Say, name first mentioned to my proprietor by Plornish in the Yard. Say, I go to Plornish. Say, I ask Plornish as a matter of business for information. Say, Plornish, though six weeks in arrear to my proprietor, declines. Say, Mrs Plornish declines. Say, both refer to Mr Clennam. ”

“ We can boast of many clever persons who would speak quite differently to a landed proprietor possessing two hundred serfs than to one who owns three hundred peasants; and with him who owns three hundred they would again not talk in the same tone of voice as with the owner of five hundred; and with the proprietor who owns five hundred again not so as with the owner of eight hundred; in a word, you may increase by degrees the ownership to a million, and you may yet depend upon still meeting with shades of differences in their tone of voice as well as manners. ”

“ III. The proprietor who, instead of consuming his income, uses it as capital, turns it against production, and thereby makes it impossible for him to exercise his right. For the more he increases the amount of interest to be paid upon it, the more he is compelled to diminish wages. ”

“ The proprietor of an absentee estate is necessarily entirely in the power of his manager; and whatever the number of accounts, reports, and returns may be is of little consequence, as the proprietor cannot get behind them, i.e., he cannot count the coolies that enter the estate in the morning, and that being the case, he is wholly dependent on the honesty of the manager. But the proprietor, it might be urged, can call for the check-roll of people. ”

“ The proprietor is in a sort of partnership with the cultivator, finding the necessary capital, while the latter finds labour, and there is commonly an agent employed by the large proprietors, to see that the countryman performs his part of the bargain, without secreting any of the profits. ”

“ There are Countries where the princely Proprietor claims to be Lord of all Property; where what is your own shall not only be wrested from you, but the Money you give to have it restor'd, shall be kept with it, and your offering so much, being a Sign of your being too Rich, you shall be plunder'd of every Thing that remain'd. ”

“ The Showing of Proprietorship.—The chief difference, from an accounting viewpoint, between the corporate form and other forms of business organization is in the showing of proprietorship. Vested proprietorship in a sole owner or partnership business is carried under the title of the different owners’ capital accounts, and credit is extended by the public to such owners, not on the basis of what the particular business is worth, but on the reputation of the owners and what they are known to be worth outside the business as well as in the business. ”

“ Proprietor, prō-prī′e-tor, n. one who has anything as his property: an owner:—fem. Proprī′etress, Proprī′etrix.—adjs. Proprī′etary, Proprietō′rial, belonging to a proprietor.—n. Proprī′etary, a proprietor, owner: a body of proprietors: the rights of a proprietor.—n. Proprī′etorship, state or right of a proprietor: ownership.—Proprietary right, the right of a proprietor: the common-law right of a playwright to control production or representation of his drama so long as unpublished: the right when protected by copyright after publication. ”

“ Suppose a proprietor, in any country or at any age, receives into his employment an individual, who thereafter resides and has a family upon his estate: upon the death of the individual, will his heirs accrue to any of the rights of the proprietor, other than those granted, or those consequent to their own or their ancestor’s condition, or those that may accrue by operation of law? ”

“ The laborer, in his relation to society, is a debtor who of necessity dies insolvent. The proprietor is an unfaithful guardian who denies the receipt of the deposit committed to his care, and wishes to be paid for his guardianship down to the last day. ”

“ There is but a single exception to this rule,—that of the proprietor, who, producing by his right of increase, is not associated with any one, and consequently is not obliged to share his product with any one ”

“ The Single Proprietorship.—The simplest form of business enterprise is that conducted by a single proprietor. This form is well adapted to businesses where the capital necessary for efficient production is small, where the processes are simple and capable of [Pg 17] being handled by the average individual, and where the risks are slight. Very few legal obstacles are placed in the way of the individual desiring to go into business for himself, nor is a great deal required of him. ”

“ Such estates are ever more and more frequently becoming the property of the merchant or manufacturer from the town, or perhaps of the neighboring proprietor of the same inferior rank, who has lately settled in the country, and become entitled to the exercise of equal rights with the hereditary owner. ”

“ In a corporation, proprietorship is shown by the aggregate of the outstanding shares of stock, which are valued at a fixed par, or cost, under the single title Capital Stock, and if the proprietorship is greater than that indicated under this title, the excess is listed separately under the title Surplus or some of the other proprietorship titles already explained. ”

“ Nowhere in the world is the position of the landed proprietor so high as in this country, and this in great part for the reason that nowhere else is the possession of landed property so closely associated with definite duty. ”

“ That the present proprietors would gain, he asserts, is proved from the fact, that in the long run, the tenant-at-will is able to produce and to pay less than he who has a long lease, the latter less than the hereditary farmer, and the hereditary farmer less than the proprietor. ”

“ The interest of the proprietor was, in this case, identical with that of the rearer, and reciprocally; for the success of a good workman would equally benefit both parties, and the poor workman could profit only according to his work. ”

“ The Institution of Property, he might urge, is all well enough as a human expedient to secure its reward to industry, and protect the provident labourer against the careless and idle. But for half-million-per-annum fortunes, fifty-mile-long estates, and may-I-not-do-what-I-please-with-my-own proprietors, some other justification, it would seem, must be sought. ”

“ The proprietor was a rich and powerful person, prepared to furnish or secure the capital, collect the ships, supply the stores, and assemble the settlers necessary to found and sustain a plantation beyond the seas. ”

“ The proprietorship or net worth of a corporation, as of the single proprietorship and partnership, is the excess of its assets over its liabilities. This excess is shown in the books by two accounts or two groups of accounts, viz., the Capital Stock account—or accounts—which represents the amount of outstanding shares; and the Surplus account—subdivided and carried under other titles, if desirable—which represents the excess of the proprietorship over the amount of capital stock. Each stockholder’s share in the corporation is determined by the number of shares he possesses. ”

“ Private property shall not be appropriated without the consent of the owner, except for the sake of public use, and with previous indemnification. The law shall determine the authority which may make the appropriation and the conditions under which it may be carried out. No corporation, civil or ecclesiastical, whatever may be its character, denomination, or object, shall have legal capacity to acquire in proprietorship or administer for itself real estate, with the single exception of edifices destined immediately and directly to the service and object of the institution. ”

“ To own is to have the right of property in; to possess is to have that right in actual exercise; to occupy is to have possession and use, with some degree of permanency, with or without ownership. A man occupies his own house or a room in a hotel; a man may own a farm of which he is not in possession because a tenant occupies it and is determined to hold it; the proprietor owns the property, but the tenant is in possession. ”

“ Every change in an asset which is not reflected among the other assets or the liabilities relates to proprietorship; or, as stated from the profit and loss point of view, every change in proprietorship, except it be merely a transfer between proprietorship items, is reflected as a change in assets or liabilities. The original contribution of capital is reflected among the assets. ”

“ The list of proprietors is one of the best I have seen of any company, all the shareholders, eighty-four in number, being selected men, residing chiefly in Glasgow and neighbourhood, London, Liverpool, and Manchester. ”

“ The student should realize that usually the owner or owners of a business enterprise have both assets and liabilities other than those employed in the business. These personal properties and obligations of the owners are not to be taken into account when showing the proprietorship of a business unit or enterprise. They are to be considered only in showing the total proprietorship of any individual owner, when of course all of his properties, both inside and outside of the business, must be listed. ”

“ The stock that is laid out in a house, if it is to be the dwelling-house of the proprietor, ceases from that moment to serve in the function of a capital, or to afford any revenue to its owner. A dwelling-house, as such, contributes nothing to the revenue of its inhabitant; and though it is, no doubt, extremely useful to him, it is as his clothes and household furniture are useful to him, which, however, make a part of his expense, and not of his revenue. ”

“ It really seems to me that you regard our position as landed proprietors in the light of a mere stewardship, and that it is our bounden duty to expend upon the tenantry the proceeds of the estate, reserving a scanty percentage, perhaps, for ourselves to live upon. ”

“ But I am not concerned with the defense of small proprietorship, but merely with the fact that it exists almost everywhere except in England. It is also true, however, that this estate of small possession is attacked everywhere today; it has never existed among ourselves, and it may be destroyed among our neighbors. ”

“ Axiom.—Property is the Right of Increase claimed by the Proprietor over any thing which he has stamped as his own. ”

“ Temporary proprietorship accounts make temporary and immediate record of the results of the agencies or forces at work within the business to produce a profit. They set forth the efforts to increase the net worth of the business. They record the costs of the effort and its yield in earnings, the record being made under appropriate titles to show the kind of cost and the source of the yield. Vested proprietorship accounts record the ultimate or summarized results of business transactions. They therefore record the original investment and its subsequent net increases and decreases. ”