An Investor's Notes On American Railroads
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In our eReader you can find the full English version of the book. Read An Investor's Notes On American Railroads Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book An Investor's Notes On American Railroads
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CHAPTER V.
POOLS.
Our observer will certainly be struck by the import- ance attaching to the " Pool " in connection with various aspects of investment. Concerning its moral status and its relative necessity or expediency, he will find abundant in- formation in current text-books. The question in which he is directly interested is rather whether the creation of a ' pool is calculated permanently to solve apparently insu- perable difficulties arising between competing railroads of which he holds,... or is disposed to acquire, the securities ; or whether the mere existence of a pool contains for him adequate reason for alarm or distrust. As in practical business the word is used in a variety of senses, it will be proper to note that the following observations relate not to any speculative or " blind " pool. The objections to which this form of the thing is liable are of that general kind which apply to all forms of speculative control. The pool referred to is simply the expression of a serious necessity which attends the development of railroad en- terprise, and may be regarded as a sort of convenient half-way house between internecine competition on the one hand, and wholesale combination on the other.
What to read after An Investor's Notes On American Railroads?
You can find similar books in the "Read Also" column, or choose other free books by Swann, John, 1835?- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
CHAPTER V.
POOLS.
Our observer will certainly be struck by the import- ance attaching to the " Pool " in connection with various aspects of investment. Concerning its moral status and its relative necessity or expediency, he will find abundant in- formation in current text-books. The question in which he is directly interested is rather whether the creation of a ' pool is calculated permanently to solve apparently insu- perable difficulties arising between competing railroads of which he holds,... or is disposed to acquire, the securities ; or whether the mere existence of a pool contains for him adequate reason for alarm or distrust. As in practical business the word is used in a variety of senses, it will be proper to note that the following observations relate not to any speculative or " blind " pool. The objections to which this form of the thing is liable are of that general kind which apply to all forms of speculative control. The pool referred to is simply the expression of a serious necessity which attends the development of railroad en- terprise, and may be regarded as a sort of convenient half-way house between internecine competition on the one hand, and wholesale combination on the other.
What to read after An Investor's Notes On American Railroads?
You can find similar books in the "Read Also" column, or choose other free books by Swann, John, 1835?- to read onlineMoreLess
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