Congressional Edition Volume 6587

Congressional Edition Volume 6587

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...of the New Haven given in exchange was acquired, and it would be proper to enter upon the books oi the navigation company as the cost of the Boston & Maine stock whatever was the ruling price of New York, New Haven and Hartford stock at the time the same was given in exchange. The stock of the New York, New Haven and Hartford Railroad Company was ruling at approximately $160 per share at the time of this transaction, and therefore any price at which the Boston and Maine stock is entered in the accounts less than $160 per share is, in effect, a writing down of its cost to that extent. The question of the ultimate value at which the Boston and Maine stock shall be carried is yet an open one and may not be determined until after the experts at work upon our books have closed their accounts for the year ending June 30th, 1908. This price may be written up to correspond to the market price of New York, New Haven and Hartford stock upon the dates it was delivered in payment for the Boston and Maine shares referred to. The price at which the Boston and Maine stock is at the present time carried upon the New England Navigation Company's books is estimated temporarily until the ultimate value shall be determined by our experts at $125 per share. The above information is given to the commissioners with the desire to acquaint them to the fullest extent with all matters in which they feel an interest connected with the New York, New Haven and Hartford Railroad Company or any of the companies in which that company is interested, but as the New England Navigation Company's accounts are not matters within the jurisdiction of the Commonwealth, it should be treated as a confidential communication and not imparted to the overcurious and unreliable. Yours, very...show more

Product details

  • Paperback | 554 pages
  • 189 x 246 x 28mm | 975g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236626494
  • 9781236626493