Author: Salomon Frederik van OssPublisher:
ISBN:
Category : Capitalists and financiers
Languages : en
Pages : 230
Book Description
American Railroads and British Investors
Author: Salomon Frederik van OssPublisher:
ISBN:
Category : Capitalists and financiers
Languages : en
Pages : 230
Book Description
American Railroads and British Investors
Author: Salomon Frederik Van OssPublisher: Theclassics.Us
ISBN: 9781230736648
Category :
Languages : en
Pages : 56
Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 edition. Excerpt: ...revenue and capital charges are, in the great majority of cases, wholly abandoned; and surpluses sufficient to provide a more than fractional dividend are constantly devoted to capital outlay. The larger and more prosperous roads, such 102 OF THE QUESTION. as the Pennsylvania and the New York Central, have erred in this respect equally with those companies which are in such poor credit that it is a matter of great difficulty for them to raise fresh capital, and who are, therefore, practically compelled to trench upon their earnings in order to make imperative improvements. If the capital stock of these companies is divided into mortgage bonds with foreclosure rights and common stock only, no serious injustice is done to the latter by depriving them of dividends in order to make additions to their property; for, if such additions were not made, increasing competition might render the line incapable of keeping its head above water, and the common stockholders have, at least, as great an interest in avoiding a receivership as the mortgage bondholders, whilst the reversionary interest in the yield on capital so derived from revenue belongs altogether to the common shares. Such a method of finance results practically in taxing the present for the sake of prospective advantages; but although the common shareholder may cavil at such enforced thrift, and grumble that "while the grass is growing the steed is starving," no grave wrong is inflicted, because even if fresh capital could be raised by the company, it could only be in a form having priority over the common stock. But where the capital stock of the company comprises income bonds or preference shares in addition to mortgage bonds and common stock, this method of making productive...
American Railroads and British Investors
Author: Salomon Frederik Van OssPublisher: Palala Press
ISBN: 9781356257249
Category :
Languages : en
Pages : 230
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
American Railways as Investments
Author: Sir Robert Giffen (K.C.B.)Publisher:
ISBN:
Category :
Languages : en
Pages : 98
Book Description
American Railroads as Investments
Author: Salomon Frederik van OssPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 894
Book Description
American Railways as Investments
Author: Robert GiffenPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 98
Book Description
American Railways as Investments
Author: Obert GiffenPublisher: BoD – Books on Demand
ISBN: 3368191101
Category : Fiction
Languages : en
Pages : 86
Book Description
Reprint of the original, first published in 1873.
British Investment in American Railways, 1834-1898
Author: Dorothy R. AdlerPublisher:
ISBN: 9780783743424
Category : Investments, British
Languages : en
Pages : 273
Book Description
American Railways as Investments
Author: Carl SnyderPublisher: New York : Moody Corporation
ISBN:
Category : Investments
Languages : en
Pages : 778
Book Description
Author: Oss