A Compilation of the Laws Deeds Mortgages Leases And Other Instruments And
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During that four years, about three and three quarter millions of dollars of net earnings were re-invested in improving and equipping the line, and all of it was invested economically and productively. In all, nearly seven millions of net earnings have 219 been thus re-invested, without counting interest thereon, and without adding a dollar to the stock or bonds of the Company ; and detailed statements of the nature of the investments have been annually made ; and the property which has been ad...ded remains visibly to attest the wisdom and prudence of the policy. The agreement for re-organization between the bondholders and stockholders was made in view of the railway revulsion of 1857 ; was conceived in a spirit of caution and sobriety ; all classes made their contributions to place the property upon a sound and dura ble basis ; the bondholders conceded about a million from their legal rights, and more than half a million was saved by the pru dent and skillful administration of the trust created by the credi tors after the creditors were paid.
What to read after A Compilation of the Laws Deeds Mortgages Leases And Other Instruments And?
You can find similar books in the "Read Also" column, or choose other free books by Fort Wayne Pittsburgh to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
During that four years, about three and three quarter millions of dollars of net earnings were re-invested in improving and equipping the line, and all of it was invested economically and productively. In all, nearly seven millions of net earnings have 219 been thus re-invested, without counting interest thereon, and without adding a dollar to the stock or bonds of the Company ; and detailed statements of the nature of the investments have been annually made ; and the property which has been ad...ded remains visibly to attest the wisdom and prudence of the policy. The agreement for re-organization between the bondholders and stockholders was made in view of the railway revulsion of 1857 ; was conceived in a spirit of caution and sobriety ; all classes made their contributions to place the property upon a sound and dura ble basis ; the bondholders conceded about a million from their legal rights, and more than half a million was saved by the pru dent and skillful administration of the trust created by the credi tors after the creditors were paid.
What to read after A Compilation of the Laws Deeds Mortgages Leases And Other Instruments And?
You can find similar books in the "Read Also" column, or choose other free books by Fort Wayne Pittsburgh to read onlineMoreLess
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