An Investor's Notes on American Railroads |
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Page 9
... far out - ran the indications of demand . The cart was put before the horse , and rail- roads were built in advance of any real need of them , by " " means of bonds placed in Europe . The securities issued SPHERES OF INVESTMENT . 9.
... far out - ran the indications of demand . The cart was put before the horse , and rail- roads were built in advance of any real need of them , by " " means of bonds placed in Europe . The securities issued SPHERES OF INVESTMENT . 9.
Page 11
... roads is materially changed since the European investor first put his money into them . There are available to - day data relating to the settlement and resources of many dis- tricts , which some years ago were obscure or unascertained ...
... roads is materially changed since the European investor first put his money into them . There are available to - day data relating to the settlement and resources of many dis- tricts , which some years ago were obscure or unascertained ...
Page 29
... road is " controlled by K. and his peo- ple . " The stranger had supposed that the value of the securities of any given railroad was roughly measured by comparatively simple and definite conditions ; such , for instance , as the amount ...
... road is " controlled by K. and his peo- ple . " The stranger had supposed that the value of the securities of any given railroad was roughly measured by comparatively simple and definite conditions ; such , for instance , as the amount ...
Page 30
... roads , than expressions of genuine supply ad- dressed to meet a pressing demand for effective transpor- tation . In ... road was instantly pounced upon , and innumerable routes for future railroads were selected and protected by char ...
... roads , than expressions of genuine supply ad- dressed to meet a pressing demand for effective transpor- tation . In ... road was instantly pounced upon , and innumerable routes for future railroads were selected and protected by char ...
Page 33
... road has inspired some confidence ; and that its stock is worth- for speculative purposes- ( say ) forty cents on the dollar , Its floating debt is in fact very large , because it has a great deal of outstanding paper , which , though ...
... road has inspired some confidence ; and that its stock is worth- for speculative purposes- ( say ) forty cents on the dollar , Its floating debt is in fact very large , because it has a great deal of outstanding paper , which , though ...
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administration American railroads bonds capital charter citizens combination commercial Commissioners common carriers compensation competent competition concern considered Constitution construction contract Convertible bonds coupons course court demagogue desire dividends doubt duty earning economical Eminent Domain England enquirer enterprise ex post facto existing favour fixed charges floating debt foreign investor freight and passenger G. P. PUTNAM'S SONS Gladstone Government Granger holders impair incidents instance investment investor's point labour land lative leased lines legislation Let us suppose limited ment observer organized party passenger tariffs point of view political Political Economy pool produce profit protection purpose rail Railroad Commission railroad companies railroad corporation Railway Age ready money reasonable reserved power result risks road scarcely securities speculative statute stockholders supply and demand tion to-day trade transporting companies whole worth