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Before the Interstate Commerce Commission: In the Matter of Increases in Revenues of Railroads in Western Classification Territory (Classic Reprint) - Softcover
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Excerpt from Before the Interstate Commerce Commission: In the Matter of Increases in Revenues of Railroads in Western Classification Territory
The cost of new capital is more than 7 per cent per annum, even to those railroad companies whose credit is of the best. The Government Victory Loan Notes are currently selling on a basis of return in excess of 6 per cent. New industrial issues with which railroad financing must compete are offer ing returns of over 8 per cent, and in addition must pay lib eral commissions for their sale and distribution. Underlying railroad bonds may be bought on a basis yielding 7 per cent and in some instances more than 8 per cent. Furthermore European markets which have heretofore been available for American railroad issues are now closed to them and those markets are in fact absorbing surplus funds of this country. As illustrative of the world wide revolution in credit condi tions the Bank of England has recently advanced its dis count rate to 7 per cent - a step which has been taken only twice since the panic of 1873.
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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.
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Before the Interstate Commerce Commission (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This non-fiction book presents an in-depth analysis of the financial crisis faced by railroads in Western United States in 1919. The author draws on data from railroads operating over 247,000 miles of track, to build a compelling case for an urgent increase in freight rates. Supported by statistics, the book argues that the current revenue is inadequate to cover operating expenses and modernization costs, resulting in the deterioration of essential infrastructure and services. The author emphasizes that railroads are critical to the nation's economic growth and prosperity, and their financial health is directly linked to the well-being of the country. The book highlights the need for prompt action to address the crisis, arguing that substantial increases in rates are necessary to attract investment, improve services, and ensure a robust transportation system. This well-researched and data-driven book provides a valuable insight into the financial challenges faced by railroads in the early 20th century, and its analysis remains relevant to contemporary discussions on infrastructure investment and economic development. 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 9781333385675_0
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Before the Interstate Commerce Commission In the Matter of Increases in Revenues of Railroads in Western Classification Territory Classic Reprint
Anbieter: PBShop.store US, Wood Dale, IL, USA
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781333385675
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Before the Interstate Commerce Commission In the Matter of Increases in Revenues of Railroads in Western Classification Territory Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781333385675
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