The Outlook Volume 90 download pdf
The Outlook Volume 90 download pdf
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Author: Ernest Hamlin Abbott
Page Count: 600 pages
Published Date: 20 May 2012
Publisher: Not Avail
Publication Country: United States
Language: English
ISBN: 9781236328878
File size: 38 Mb
Download Link: The Outlook Volume 90
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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. 1908 Excerpt: ...and other properties. The application was made just after the Metropolitan investigation had shaken confidence in New York traction affairs, and when business depression made the borrowing of money for any purpose difficult. The Interborough was in danger of serious embarrassment unless the bond issue could be arranged; the note issue was failing due, and the company had no funds available for its retirement. It seemed certain to those familiar with conditions in the money market that the bonds could not be sold for more than 80, and possibly not even for that price. After rigid inquiry the Commission approved the issue. But in so doing it made much more rigorous the conditions of the issue, requiring the property pledged under the mortgage to be substantially increased (by the addition among other things of the lease of the elevated lines); reducing from 110 to 10S the price at which bonds might in the future be bought by the company for its sinking fund or redeemed; requiring that if the bonds could not be sold at par (with a reasonable commission for underwriting) they must be sold at public auction; providing that the proceeds of the sale of all bonds must be set apart from all other funds of the company and used only for the purposes for which the issue is authorized; and ordering the keeping of accurate accounts showing the application of the proceeds of the sale, those accounts to be audited by an impartial accountant appointed by the Commission. The issue was made and the bonds sold for 95. Did not the action of the Commission in this important case conserve the interests of the Interborough by insuring a sale at a high price for its bonds, of the investing public by making certain that the bonds were based on real, solid value, and of the whole com...
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The Outlook Volume 90 by Ernest Hamlin Abbott
Author: Ernest Hamlin Abbott
Page Count: 600 pages
Published Date: 20 May 2012
Publisher: Not Avail
Publication Country: United States
Language: English
ISBN: 9781236328878
File size: 38 Mb
Download Link: The Outlook Volume 90
---------------------------------------------------------------
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. 1908 Excerpt: ...and other properties. The application was made just after the Metropolitan investigation had shaken confidence in New York traction affairs, and when business depression made the borrowing of money for any purpose difficult. The Interborough was in danger of serious embarrassment unless the bond issue could be arranged; the note issue was failing due, and the company had no funds available for its retirement. It seemed certain to those familiar with conditions in the money market that the bonds could not be sold for more than 80, and possibly not even for that price. After rigid inquiry the Commission approved the issue. But in so doing it made much more rigorous the conditions of the issue, requiring the property pledged under the mortgage to be substantially increased (by the addition among other things of the lease of the elevated lines); reducing from 110 to 10S the price at which bonds might in the future be bought by the company for its sinking fund or redeemed; requiring that if the bonds could not be sold at par (with a reasonable commission for underwriting) they must be sold at public auction; providing that the proceeds of the sale of all bonds must be set apart from all other funds of the company and used only for the purposes for which the issue is authorized; and ordering the keeping of accurate accounts showing the application of the proceeds of the sale, those accounts to be audited by an impartial accountant appointed by the Commission. The issue was made and the bonds sold for 95. Did not the action of the Commission in this important case conserve the interests of the Interborough by insuring a sale at a high price for its bonds, of the investing public by making certain that the bonds were based on real, solid value, and of the whole com...
Read online The Outlook Volume 90 Buy and read online The Outlook Volume 90 Download The Outlook Volume 90 for pc, mac, kindle, readers Download to iPad/iPhone/iOS, B&N nook The Outlook Volume 90 ebook, pdf, djvu, epub, mobi, fb2, zip, rar, torrent
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Melodious Etudes for Trombone : Book 1 : Nos. 1-60 pdf
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Download torrent Una Comune Delle Marche Nel 1798 E 99 E Il Brigante Sciabolone : Con Documenti Inediti E Tavole Fototipiche (Classic Reprint)