The Life of James J. Hill, Vol. 2 (Classic Reprint) - Softcover

Pyle, Joseph Gilpin

Softcover

ISBN 10: 1330146387 ISBN 13: 9781330146385

Verlag: Forgotten Books, 2017

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Reseña del editor

Excerpt from The Life of James J. Hill, Vol. 2

Mr. Morgan never was, pretended or desired to be a practical railroad manager. He was a financier. If he discovered a workable plan for financing the Northern Pacific it would be as worthless as a watch without a mainspring unless two conditions were satisfied. First.

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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Reseña del editor

Excerpt from The Life of James J. Hill, Vol. 2

January, 1893, saw the Great Northern opened for business through to the Pacific coast. August 15, 1893, an application for the appointment of receivers was made by creditors of the Northern Pacific, who alleged that the company was insolvent. Receivers were appointed; and in October of the same year the Farmers' Loan and Trust Company, as trustees for the mortgagees, filed a bill for the foreclosure of the mortgages securing its second, third, and consolidated mortgage bonds. This was more than coincidence. The financing of one system had been as reckless as that of the other was prudent. The operation of the one was lacking where that of the other was strong. The competition for business between the two had for some time made its consequences felt. Not alone in the stock market is the money value of coming events discounted by a rise or fall based on calculations of what is about to happen. People who cared to know it knew now that the Great Northern could, if it wished, by virtue of its low capitalization, method of construction and system of management and operation, control through competitive business.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Über diese Auflage

• Verlag: Forgotten Books
• Erscheinungsdatum: 2017
• ISBN 10: 1330146387
• ISBN 13: 9781330146385
• Einband: Tapa blanda
• Anzahl der Seiten: 480