The Public the Investor And the Railroads of New England An Unprejudiced Anal
The Public the Investor And the Railroads of New England An Unprejudiced Anal
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In our eReader you can find the full English version of the book. Read The Public the Investor And the Railroads of New England An Unprejudiced Anal 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 The Public the Investor And the Railroads of New England An Unprejudiced Anal
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[THIRTY-SEVEN] one of the Minnesota rate cases the rate named was 7 per cent, and in other instances higher percentages have been held proper. * Fair Dealing in the Interest of the Public And aside from the matter of equity, there is a large consid- eration as to the interest of the public itself. Good railroads mean the raising of capital. This can be accomplished, within limits of prudence, only by the issue of capital stock as well as of bonds. The issue of capital stock in addition to the a...mount outstanding, and for any satisfactory price, means that the com- pany must be paying an adequate dividend, and that such divi- dend is protected by some margin of earnings in excess of the amount required for its payment. Moreover, a railroad which cannot pay dividends has a poor market for its bonds. Exac- tions upon the railroads which impair their dividend-paying power mean not simply a violation of justice, but also that the railroads themselves will remain stationary or retrograde, and the public in the end will suffer.
What to read after The Public the Investor And the Railroads of New England An Unprejudiced Anal?
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To quickly assess the difficulty of the text, read a short excerpt:
[THIRTY-SEVEN] one of the Minnesota rate cases the rate named was 7 per cent, and in other instances higher percentages have been held proper. * Fair Dealing in the Interest of the Public And aside from the matter of equity, there is a large consid- eration as to the interest of the public itself. Good railroads mean the raising of capital. This can be accomplished, within limits of prudence, only by the issue of capital stock as well as of bonds. The issue of capital stock in addition to the a...mount outstanding, and for any satisfactory price, means that the com- pany must be paying an adequate dividend, and that such divi- dend is protected by some margin of earnings in excess of the amount required for its payment. Moreover, a railroad which cannot pay dividends has a poor market for its bonds. Exac- tions upon the railroads which impair their dividend-paying power mean not simply a violation of justice, but also that the railroads themselves will remain stationary or retrograde, and the public in the end will suffer.
What to read after The Public the Investor And the Railroads of New England An Unprejudiced Anal?
You can find similar books in the "Read Also" column, or choose other free books by Burton L Read to read onlineMoreLess
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