Relations Between the Central Pacific Railroad Company And the United States Gov
Relations Between the Central Pacific Railroad Company And the United States Gov
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3 of continued dividends thus made by the Government, created a public confidence in the value of the stock, and led many with small means to purchase it as a permanent investment. It had, in their opinion, practically the guaranty of the Government. The cloud of the United States lien had been removed by the Government's prom- ise that it would be provided for by the payments into the sinking fund. As soon as it was demonstrated that these payments could be made and still leave a surplus avail...able for dividends, the stock found ready purchasers; and it has since that time been divided into small holdings. The commission state that: "But little stock " was sold by Stanford, Huntington, Hopkins and Crocker u until 1880. Between 1873 and 1877, they were sub- " stantially the only stockholders of the Central Pacific M Railroad. " The present large number of small holders have pur- chased under the implied promises of the Government for the final settlement of the debt by the operation of this Act.
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To quickly assess the difficulty of the text, read a short excerpt:
3 of continued dividends thus made by the Government, created a public confidence in the value of the stock, and led many with small means to purchase it as a permanent investment. It had, in their opinion, practically the guaranty of the Government. The cloud of the United States lien had been removed by the Government's prom- ise that it would be provided for by the payments into the sinking fund. As soon as it was demonstrated that these payments could be made and still leave a surplus avail...able for dividends, the stock found ready purchasers; and it has since that time been divided into small holdings. The commission state that: "But little stock " was sold by Stanford, Huntington, Hopkins and Crocker u until 1880. Between 1873 and 1877, they were sub- " stantially the only stockholders of the Central Pacific M Railroad. " The present large number of small holders have pur- chased under the implied promises of the Government for the final settlement of the debt by the operation of this Act.
What to read after Relations Between the Central Pacific Railroad Company And the United States Gov?
You can find similar books in the "Read Also" column, or choose other free books by Central Pacific Railroad Company to read onlineMoreLess
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