Explore "The Gold Trail" by Harold Bindloss on Textopian. Read with annotations and highlights.
There had been trouble at the Board Meeting, and, now that it was almost over, the directors of the Grenfell Consolidated sat in dejected silence, listening to the animadversions of one of their comrades. They did not agree with everything he said, but it scarcely seemed worth while to raise minor objections, for they were willing to admit that the situation was desperate.
"We should never have proceeded to allotment," he said. "I warned you that the applications for our stock were quite insufficient to warrant the flotation of the concern at the time, but you apparently lost your heads over those specimens, and you overruled me. Now it's unpleasantly evident that we cannot expect to go on much longer, and I venture to predict a voluntary liquidation during the next few months."