Proceedings of the Federal Electric Railways Commission Held in Washington Dc
Proceedings of the Federal Electric Railways Commission Held in Washington Dc
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. FAGAX. The interest on the bonds and the rentals to the under- lying companies.
Mr. WARREX. What is the occasion of this valuation? Why is it being made at this time ?
Mr. FAGAX. The purpose of it is to ascertain the present value of the property, and upon that to base what should be a proper return, for the purpose of furnishing funds to operate the company and pay the capital charges.
Mr. WARREX. Looking to a reorganization, perhaps.
Mr. FAGAX. Well, eventually, I presume. In fact, this v...aluation board began its functions before the receivers were appointed.
Mr. AVARREX. Yes.
Mr. FAGAX. This trouble as to the financial condition of this com- pany has been prevalent for four or five years. It was not a new thing when the receivers were appointed.
Mr. WARREX. So the public-service commission took steps to have this valuation made?
Mr. FAGAX. Yes.
Mr. WARREX. That is all.
Mr. FAGAX. I was told when I came here that if I had any sug- gestions to make about this matter, I ought to make them.
What to read after Proceedings of the Federal Electric Railways Commission Held in Washington Dc?
You can find similar books in the "Read Also" column, or choose other free books by United States Federal Electric Railways Commissio to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mr. FAGAX. The interest on the bonds and the rentals to the under- lying companies.
Mr. WARREX. What is the occasion of this valuation? Why is it being made at this time ?
Mr. FAGAX. The purpose of it is to ascertain the present value of the property, and upon that to base what should be a proper return, for the purpose of furnishing funds to operate the company and pay the capital charges.
Mr. WARREX. Looking to a reorganization, perhaps.
Mr. FAGAX. Well, eventually, I presume. In fact, this v...aluation board began its functions before the receivers were appointed.
Mr. AVARREX. Yes.
Mr. FAGAX. This trouble as to the financial condition of this com- pany has been prevalent for four or five years. It was not a new thing when the receivers were appointed.
Mr. WARREX. So the public-service commission took steps to have this valuation made?
Mr. FAGAX. Yes.
Mr. WARREX. That is all.
Mr. FAGAX. I was told when I came here that if I had any sug- gestions to make about this matter, I ought to make them.
What to read after Proceedings of the Federal Electric Railways Commission Held in Washington Dc?
You can find similar books in the "Read Also" column, or choose other free books by United States Federal Electric Railways Commissio to read onlineMoreLess
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