Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 |
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Page 46
... cent is enough . The tendency of recent years is toward decreasing this margin , and thus enormously increasing the ... cent bonds and 50 per cent stock , but because of its lease obligations and its in- ability to issue stock , its ...
... cent is enough . The tendency of recent years is toward decreasing this margin , and thus enormously increasing the ... cent bonds and 50 per cent stock , but because of its lease obligations and its in- ability to issue stock , its ...
Page 51
... cent in 1903 . " With respect to the eastern railroads the decrease in ratio of stock to total securities during the same period was from 50.43 to 46.17 per cent . " It should be noted that in 1913 the savings banks of the United States ...
... cent in 1903 . " With respect to the eastern railroads the decrease in ratio of stock to total securities during the same period was from 50.43 to 46.17 per cent . " It should be noted that in 1913 the savings banks of the United States ...
Page 53
... Cent case , 31 I. C. C. , 351 , 382 ( 1914 ) , is the following statement : " Interest rates and reduction of bonds to stock . - In recent years new capital has been raised largely through bond and note issues , so that the percentage ...
... Cent case , 31 I. C. C. , 351 , 382 ( 1914 ) , is the following statement : " Interest rates and reduction of bonds to stock . - In recent years new capital has been raised largely through bond and note issues , so that the percentage ...
Page 63
... cent and 40 per cent contributed by the owner . That will be a matter of investigation , of expert investigation before this com- mittee , as to where that line of safety is . But , taking it for the purpose of my illustration at 60 and ...
... cent and 40 per cent contributed by the owner . That will be a matter of investigation , of expert investigation before this com- mittee , as to where that line of safety is . But , taking it for the purpose of my illustration at 60 and ...
Page 64
... cent , with 3 per cent surplus . That is a very small estimate , as will appear from the evidence of these experts , which will be presented to you . That in order to put stock out at par , the earnings of the com- pany which wants to ...
... cent , with 3 per cent surplus . That is a very small estimate , as will appear from the evidence of these experts , which will be presented to you . That in order to put stock out at par , the earnings of the com- pany which wants to ...
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ADAMSON amount authority believe bill BRYAN capital carriers cent CHAIRMAN charge charter commerce clause committee common carriers Congress consolidation Constitution construction corporation created CULLOP dividends earnings exempt exercise existing facilities fact Federal Government Federal incorporation fixed freight gentlemen Government ownership HEYBURN increase interstate and foreign Interstate Commerce Commission Interstate Commerce Committee intrastate investment investors issue Judge June 30 legislation lines LOVETT matter ment miles National Government national incorporation national instrumentality necessary NEWLANDS operating organized present President proposition public interest purpose question rail railroad company railway company rates reasonable reference represent revenue roads securities Senator CUMMINS Senator ROBINSON shippers Shreveport SIMS Southern Pacific Co stockholders stocks and bonds suggestion Supreme Court taxation Texas thing THOM tion traffic transportation Union Pacific Union Pacific Railroad United waterways