Annual Report of the Board of Railroad Commissioners 1870
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In our eReader you can find the full English version of the book. Read Annual Report of the Board of Railroad Commissioners 1870 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 Annual Report of the Board of Railroad Commissioners 1870
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If the Commonwealth took possession under the method first stated it would be necessary to compute the excess of interest at ten per cent, over the dividends actually paid by the corpor- ation since it was organized. The commissioners have not verified the figures contained in the report of the commission on cheap transportation to the legislature of 1870 (p. 68), but, assuming them to be correct, the amount of dividends now in arrear appears to be between 92-3 per cent, of the capital, amounti...ng to a total of $3,357,000, aggregating, together with the stock capital, almost exactly $7 ,000,000; or, otherwise stated, the road, if purchased in this way, would cost the Com- monwealth in the immediate neighborhood of $75,000 per mile, or $192 per share. As the stock now commands a market price of $136-7, any arrangement of this nature would certainly constitute no hardship on the shareholders.
In this connection it is of interest to see what, on the same basis of computation, would be the cost to the Commonwealth of its other leading railroads.
What to read after Annual Report of the Board of Railroad Commissioners 1870?
You can find similar books in the "Read Also" column, or choose other free books by Massachusetts. Board of Railroad Commissioners to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the Commonwealth took possession under the method first stated it would be necessary to compute the excess of interest at ten per cent, over the dividends actually paid by the corpor- ation since it was organized. The commissioners have not verified the figures contained in the report of the commission on cheap transportation to the legislature of 1870 (p. 68), but, assuming them to be correct, the amount of dividends now in arrear appears to be between 92-3 per cent, of the capital, amounti...ng to a total of $3,357,000, aggregating, together with the stock capital, almost exactly $7 ,000,000; or, otherwise stated, the road, if purchased in this way, would cost the Com- monwealth in the immediate neighborhood of $75,000 per mile, or $192 per share. As the stock now commands a market price of $136-7, any arrangement of this nature would certainly constitute no hardship on the shareholders.
In this connection it is of interest to see what, on the same basis of computation, would be the cost to the Commonwealth of its other leading railroads.
What to read after Annual Report of the Board of Railroad Commissioners 1870?
You can find similar books in the "Read Also" column, or choose other free books by Massachusetts. Board of Railroad Commissioners to read onlineMoreLess
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