Magazine content is available exclusively for TIME subscribers.Business: Stock Selling in Liberia
"You know the President does not lie. His word is true. Someone must have faith to believe that when all this is done and the iron is dug out, the iron itself will make money to pay for all these machines. Those people are called a company." Thus, President William V. S. Tubman of Liberia plugged a new stock issue at a meeting in 1958 of the paramount chiefs of the tribes in Liberia, speaking the simple English they could understand. Tubman told them that for $100 (payable in three installments) a Liberian citizen...
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