- IOO -
   Capital in trade (i) of eight thousand pounds, and my profits for the year, the latter amounting to two thousand five hundred pounds.
   I. P.  As satisfactory a balance as any merchant may wish to show, I think; your profits have been over thirty per cent of your capital, a pretty good yield indeed.
   M.  Yes, I cannot complain, my business is paying enough, but my health will soon be impaired, for T am really overworked, and this is the very and sole reason why I resolved upon taking a partner, to help me in the management of the concern.
   I.P.  I am the man you want then, for I feel not only willing, but longing to work, and under your guidance I doubt not I shall succeed. By the by ; is it a general or a limited partnership (2) you intend to form?
   M.  A limited partner would be of no use to me, for he would not be allowed by the law to take an active part in the management; while as I told you before, it is a labour mate I want, not a capitalist.
   (1) Capital in trade  Il capitale impiegato in un dato commercio.
   (2) General partnership  È la Società iti nome collettivo normale a responsabilità illimitata, mentre la Limited partnership è la Società in accomandita nella quale uno o più
    IOI 
   I. P.  That's my own view of the matter too, as a limited partnership would not meet my purpose  Are we to fix a term of duration or leave it at will?
   M.  Let us fix a first term of ten years, to be intended as renewed at the expiration, unless notice to the contrary be given by one of the parties six months before, in which latter case a general liquidation would follow the dissolution of the firm, the same proceeding to be acted upon in case of death of one of the partners; « Quod Deus ever tad» as the latin saying goes.
   I. P.  Agreed  What about the style of the new firm? (1) I think that the addition of an C.0» (2) to the present one will be sufficient.
   M.  No, my friend, I want your name associated with mine; the new style is to be « Blight and Bard » ; I won't accept any other.
   soci accomandatari « General partners » rispondono illimitatamente per gli impegni della ditta, mentre uno o più soci accomandanti « Limited partners » hanno responsabilità limitata alla quota di capitale apportata nella Società.
   (1) Dicesi Style (come già annotato) la « Ragione sociale », cioè il nome sotto il quale una ditta è conosciuta. Il nome Firm può essere usatò nello stesso senso, ma indica più specialmente l'insieme dei soci di una casa commerciale.
   (2) & C.o  Abbreviazione di « and company » corrispondente all'indicazione « & C. - e compagni ».