Forty Years of American Finance a Short Financial History of the Government An
The book Forty Years of American Finance a Short Financial History of the Government An was written by author Noyes, Alexander Dana, 1862-1945 Here you can read free online of Forty Years of American Finance a Short Financial History of the Government An book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Forty Years of American Finance a Short Financial History of the Government An a good or bad book?
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Two months later this company was bought up, along with seven more mills, by the American Steel and Wire Company of Illinois, which issued $24, 000, 000 stock. This was in 1898. Early in 1899 he organized the American Steel and Wire Company of New Jersey, which paid $33, 600, 000 for the Illinois Company's $24, 000, 000 stock, added eleven other wire plants, and issued its own stock in the comfortable sum of $90, 000, 000. The witness was asked what had become of $26, 000, 000 stock whose desti...nation was 288 American Finance 11900 not accounted for, and said he did not know. L One might possibly imagine that this wholesale "watering" of capital would at least have led the investing public to bid a low price for the inflated stock; but it did not. Of the $90, 000, 000 stock thus issued in the above- described "watering" process, $40, 000, 000 was pre- ferred as to dividend. It started out on the Stock Exchange at $94 per share, rose in two months to $106, and sold at $112 a year or two afterwards.
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