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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. 1921 edition. Excerpt: ..._bankers also agreed to settle with the attorney of the promoters and their general utility man by the payment of $8,000 in 6 per cent notes of the new company, and $40,000 in common stock. Bankers gave the romoters until 12 midnight the following day to accept or reiect the proposition. oe accepted immediately. _ _ llRoe accepted, after numerous plays and eounterplays, five minutes before midnig t. _ _ _ As the aftermath, Roe threatened to shoot Richards, whom be blamed for aiding and abetting the bankers. _ _ _ _ November 10. The curb broker threatened to bring suit against Smith and Peters for a commission. Smith and Peters told them to go ahead. (Suit was not brought because the curb broker had quarreled with his partner, necessarily a party in the suit, over a woman stenographer.) They could ave probably maintained a suit against Roe and Doe, for whom they were acting in bringing Richards into the matter. but they recognized that, even if successful, they coud recover nothing. CHAPTER VI THE FINANCIAL PLAN OF A RAILROAD PROMOTION Kinds of contemporary railway promotion, 88; Early railroad promotion, 89; The construction company, 91; The financial plan of the new railroad, 97; Illustrative example of small contemporary railroad promotion, 99; Promotion of an interurban railway, IOI. The financial plan of a new railroad is in certain respects a simpler and in certain respects a more complex problem than that of either a manufacturing or a local utility company. It is simpler because there are ordinarily fewer kinds of securities and less intricate conditions of issue. It ismore complex because ordinarily the actual construction is undertaken by an intermediary finance company, the fortunes of which largely mould the financial plan of...
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Product details

  • Paperback | 70 pages
  • 189 x 246 x 4mm | 141g
  • United States
  • English
  • black & white illustrations
  • 1236785355
  • 9781236785350