He paid him all the arrears of his stipulated income up to the present moment, and put him nominally into possession of a large number of shares in the railway,--with, however, an understanding that he was not to sell them till they had reached ten per cent. 
He paid him all the arrears of his income, and allocated him a large number of shares in the railway - with an understanding that he was not to sell them till they had reached ten per cent