Word: optionals
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When an author writes a book or a musician composes an opera, the civilized world has agreed that their interests in those properties do not cease with the first sale. In the U. S. they and their heirs may collect royalties for 28 years with the option of renewing the copyright for an additional 28 years. On July 20, 1920 the French Chamber of Deputies passed a law known as the droit de suite (literally, "right of following") which attempts to do for the original works of a painter or sculptor what copyright laws do for the other arts...
...news was a shock to Californians, for Mr. Talbot was the Pacific Coast's big example of a boom-made man. Two decades ago he was clerking for Western Pipe and Steel Co., later was its president. He made smart deals, such as securing an option on Japanese steel under embargo during the War, selling to the Government when steel became scarce and the embargo was lifted. His drive and Mr. Fuller's flashy marketing and advertising ideas kept Richfield running its rapid expansion course. He was quiet in business, rewarded justly and reprimanded mercilessly...
...handsomely than he expected. Hence speculation in royalties. Of U. S. royalty dealers, biggest and most renowned is J. Edward Jones, 37. Mr. Jones worked his way through the University of Kansas by soda-jerking. He served an enlistment term in the Navy. After the War he purchased an option on 21,000 acres of oil land in Kansas, acquired some money and an enthusiasm for the industry. He then thought of buying up royalty rights. He promised three friends that, given $15,000 he could make 100%, for them in one year if they would split future profits...
...even with the Panama Canal completed at a cost of $388,000,000, a national defense argument persisted that the U. S. required two canals to link its Atlantic and Pacific coasts. In 1916 the U. S. purchased for $3,000,000 a 99-year option to build a canal across Nicaragua, from Greytown through Lake Nicaragua to Brito, a distance of 177 mi. In 1929 after traffic through the Panama canal had increased at a rate to indicate serious congestion by 1955, President Hoover appointed a special board to; study the feasibility and cost of the Nicaraguan route...
...using its goodwill among its 83,000 members, the Brotherhood will attempt to sell Jordans. In return for this, the Brotherhood has been granted an option on 30,000 shares of Jordan at $10 during the next five years.* Hence, if enough Jordans are sold and if Jordan shares go up, the Brotherhood will stand to make a profit and recoup its losses of former years...