Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate
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Home > Art, Film & Photography > Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate
Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate

Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate


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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. 1919 Excerpt: ... ascertain the value of the property in each railroad that entered into the new corporation, or would you ascertain it as a whole? Director General Hines. My thought is that while there would be, broadly the plan would be to create a tribunal which would decide the total value of the properties that come into the new company. That would decide the total capitalization which could be issued for the new company. That tribunal would decide as to what character of securities ought to be issued, and in reaching that decision it naturally would undertake to provide securities which would appeal to different zones of investors. Some investors want a very low rate of return with a greater element of security, and others want a greater rate of return with more of a speculative security; and it would be well to fix a plan of securities which would appeal to the different groups of investors. Now, when that plan had been worked out this tribunal would then have to decide the basis of exchange which would be offered to the old security holders in the old companies--what they could get in exchange. That is what is done whenever there is a reorganization of a.railroad company; the securities of the old company are relinquished by their holders in exchange for the securities of the reorganized company upon a given basis of exchange. My thought is that a similar plan could be worked out in some way to carry out the general idea I have put before you. Senator Robinson. You did not enter into this feature of it, but I assume that you have considered the question as to how new railway lines shall be built and how railway extensions shall be made in the future. Does your plan involve, or would it involve, a control of the issuance of securities by railroad companies by Federal...


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Product Details
  • ISBN-13: 9781151020512
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 72
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1151020516
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 145 gr


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Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate
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Extension of Tenure of Government Control of Railroads; Statements of Mr. Walker D. Hines, Director General or Railroads, Before the Interstate Commerce Committee of the United States Senate
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