The Truth About the Railroads

Fritch, Louis Charlton

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B00085O5L2 Used good or better, we ship best copy available! May have signs of use, may be ex library copy. Book Only. Expedited shipping is 2-6 business days after shipment, standard is 4-14 business days after shipment. Used items do not include access codes, cd's or other accessories, regardless of what is stated in item title. If you need to guarantee that these items are included, please purchase a brand new copy. N° de réf. du libraire

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Titre : The Truth About the Railroads

Etat du livre : Good

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Louis Charlton Fritch
Edité par RareBooksClub
ISBN 10 : 1232051527 ISBN 13 : 9781232051527
Neuf(s) Paperback Quantité : 20
impression à la demande
(Las Vegas, NV, Etats-Unis)
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Description du livre RareBooksClub. Paperback. État : New. This item is printed on demand. Paperback. 24 pages. This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1939 Excerpt: . . . by frequent changes and turnover, so common in bankrupt roads. The degree in which these good characteristics are predominent fixes the possibility of such roads remaining solvent, even with a continuation of the depression for a short period. Only a comparatively slight recovery will save these roads from bankruptcy and its attendant evils. The railroads in this situation have an opportunity of helping themselves and avoiding bankruptcy if they will promptly and vigorously attack the problem of voluntarily adjusting their capital structure. Some far seeing executives of roads in danger of receivership are making progress along such lines and others should follow their excellent example. It is decidedly in the interest of the property, its creditors, bondholders and stockholders to avoid receivership, if possible. The experience of roads in bankruptcy evidences the cost of delay, heavy expenses for trusteeships, lawyers and reorganization committee expenses, without accomplishing any reorganization. The money thus wasted could be used to better advantage on the property and the payment of at least a part of the obligation due creditors. A voluntary readjustment in capitalization, by reducing or decreasing interest charges where possible, extending maturities, exchanging present issues to a basis more consistent with present return on capital, reducing dividends on guaranteed stock issues and other devises to reduce fixed charges to a basis below net earnings can be accomplished with the necessary co-operation of bondholders, stockholders and other creditors of the corporation. Bondholders are better off with a portion of their interest payments than to have them deferred indefinitely and perhaps entirely eliminated by passing through receivership. Stockhold. . . This item ships from La Vergne,TN. Paperback. N° de réf. du libraire 9781232051527

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