Fg Banbury Esq Mp Chairman of Stockholders And Walter Morshead Esq a
Fg Banbury Esq Mp Chairman of Stockholders And Walter Morshead Esq a
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Its mortgage debts aggregate after deducting sinking funds, over a hundred million dollars. To pay interest on this sum and a dividend of two per cent on its stock of $67, 275, 500 would re- quire the road to earn $5, 350, 000 per annum over all expenses, inclu- ding sinking fund. Can it do this? Managed by its owners, and solely in their interest, I suppose it could, though that is perhaps doubtful. Mr. Huntington's annual reports of the Southern Pacific Company, which ought to contain the inf...ormation needed to solve this question, throw no light on it. Managed by Mr. Huntington and the Southern Pacific Company, it is certain that it will not, for he and it are loaded down with the Southern Pacific Railroad debts, as well as those of the connecting lines to New Orleans and New York, etc. , amounting in the aggregate to no less than $146, 917, 051 (Rep. Of '97, p. 40), and calling for an annual interest of $8, 106, 730; besides which the object being to sell the Southern Pacific Railroad Company's stock and repeat the fraud of the sales of the Central (with varia- tions), that road must be made by some means or other to pay divi- dends.
What to read after Fg Banbury Esq Mp Chairman of Stockholders And Walter Morshead Esq a?
You can find similar books in the "Read Also" column, or choose other free books by John T John Thomas Doyle to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Its mortgage debts aggregate after deducting sinking funds, over a hundred million dollars. To pay interest on this sum and a dividend of two per cent on its stock of $67, 275, 500 would re- quire the road to earn $5, 350, 000 per annum over all expenses, inclu- ding sinking fund. Can it do this? Managed by its owners, and solely in their interest, I suppose it could, though that is perhaps doubtful. Mr. Huntington's annual reports of the Southern Pacific Company, which ought to contain the inf...ormation needed to solve this question, throw no light on it. Managed by Mr. Huntington and the Southern Pacific Company, it is certain that it will not, for he and it are loaded down with the Southern Pacific Railroad debts, as well as those of the connecting lines to New Orleans and New York, etc. , amounting in the aggregate to no less than $146, 917, 051 (Rep. Of '97, p. 40), and calling for an annual interest of $8, 106, 730; besides which the object being to sell the Southern Pacific Railroad Company's stock and repeat the fraud of the sales of the Central (with varia- tions), that road must be made by some means or other to pay divi- dends.
What to read after Fg Banbury Esq Mp Chairman of Stockholders And Walter Morshead Esq a?
You can find similar books in the "Read Also" column, or choose other free books by John T John Thomas Doyle to read onlineMoreLess
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