Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint) - Softcover
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Excerpt from Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization
In addition to the above surplus there has been some saving during the year, resulting from the Receivers having purchased a considerable amount of interest and having paid some rentals at less than the actual amounts due, but of which no account is taken in the above.
Upon the resumption of sinking funds next year, must be added to the total of fixed charges; the relief from scrip will be 'in 1881 and in 1882, after which full fixed charges must be paid.
In considering a plan for the extrication of the Com pany from financial difficulty, it is best to leave out of the question all temporary relief from scrip payments or suspension of sinking funds, and to deal with the total of fixed charges as they will be in 1883, when full payments, both for interest and sinking funds, must be made.
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Statement of the Present Condition of the Philadelphia Reading Railroad Co
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Paperback. Zustand: New. Print on Demand. This book is an involved accounting document from a 19th century American railroad company, the Philadelphia & Reading Railroad. It contains presentations by the managers of the company, outlining their plans for restructuring debt and improving the company's financial position. The book is primarily concerned with securing funding for paying off the company's large outstanding debt, as well as reducing ongoing fixed charges in order to increase profit margins and return to solvency. The author, Frederick B. Gowen, expounds on the vast coal reserves owned by the company and argues that they represent a highly valuable asset. Nevertheless, Gowen also discusses weaknesses in the company's management and weaknesses in its financial strategy, and presents various plans to rectify these issues. The book provides insight into the challenges faced by American railroad companies in the late 19th century, as well as the financial strategies and accounting practices of the era. Furthermore, its discussion of the company's coal reserves offers a glimpse into the importance of natural resources in the development of the American economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780331601381_0
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Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint)
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9780331601381
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Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint)
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9780331601381
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