Report of the Federal Electric Railways Commission to the President August 192
Report of the Federal Electric Railways Commission to the President August 192
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In our eReader you can find the full English version of the book. Read Report of the Federal Electric Railways Commission to the President August 192 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 Report of the Federal Electric Railways Commission to the President August 192
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Where money is represented by bonds the return is a part of the contract and is not changed dming the life of the contract. Where capital is represented bv stock, the rate of return may vary according to the operating or financial conditions, and naturally it should compare favorabl}' with the income upon other classes of investment. The undisputed testimony i)roves that the rate must be certain as well as reasonable to attract capital and that the absence of either of these essentials will fri...ghten the investor away. It may be a lamentable fact, but it is nevertheless true, that 24 PROCEEDINGS OF FEDEEAL ELECTRIC RAILWAYS COMMISSION.
most of the electric railways are obliged to go to markets outside of tlicir territory to sccm'e new capital; and under existing circum- stances the investor is no longer willing to place his money in specu- lative properties. The experience during the Avar period has taught investors that a fixed franchise fare fails to meet the requirements of the industry and there is no dissent from the suggestion that such a fixed fare is a relic of a bygone age.
What to read after Report of the Federal Electric Railways Commission to the President August 192?
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:
Where money is represented by bonds the return is a part of the contract and is not changed dming the life of the contract. Where capital is represented bv stock, the rate of return may vary according to the operating or financial conditions, and naturally it should compare favorabl}' with the income upon other classes of investment. The undisputed testimony i)roves that the rate must be certain as well as reasonable to attract capital and that the absence of either of these essentials will fri...ghten the investor away. It may be a lamentable fact, but it is nevertheless true, that 24 PROCEEDINGS OF FEDEEAL ELECTRIC RAILWAYS COMMISSION.
most of the electric railways are obliged to go to markets outside of tlicir territory to sccm'e new capital; and under existing circum- stances the investor is no longer willing to place his money in specu- lative properties. The experience during the Avar period has taught investors that a fixed franchise fare fails to meet the requirements of the industry and there is no dissent from the suggestion that such a fixed fare is a relic of a bygone age.
What to read after Report of the Federal Electric Railways Commission to the President August 192?
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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