Duty Of Owners Of Railroad Securities In The Present Railroad Crisis

Author : S. Davies Warfield
Publisher : Forgotten Books
ISBN 13 : 9780332984766
Total Pages : 54 pages
Book Rating : 4.9/5 (847 download)

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Download or read book Proceedings of Conference of Owners of Railroad Securities written by S. Davies Warfield and published by Forgotten Books. This book was released on 2018-02-15 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proceedings of Conference of Owners of Railroad Securities: Held in Baltimore Wednesday, May 23, 1917, Hotel Emerson Mr. S. Davies warfield: Gentlemen - This is a very unusual gathering. I doubt if there has come together on Short notice such a large and diversified ownership in the securities Of the rail roads Of the country as is gathered in this room. More than three billion dollars of railroad securities, over one-sixth of the total capital Of all the railroads, is represented. We have telegrams and letters from one thousand owners or those representing own ers Of railroad securities, amongst them many women, Offering their co-operation in the purposes Of this conference. Many mil lions more would be represented here if it were not that a great many are engaged in vigorously pushing the Liberty Loan. If you marshaled all Of those interested, as the Financial Chronicle has stated in a recent issue, the District Of Columbia would not hold them. Men are here from the various sections Of the South as far as Tampa, Fla. The West as far as Kansas City, mo., and the East as far as Portland, Me. I do not believe such a gathering possible were it not that the owners Of the securities Of the railroads feel great concern in the settlement of pending questions of serious consequence to the carriers Of the country in which their money is invested. In so important a movement it is proper that you Should know what led to this gathering. The call for this conference was sent out by me as a large individual owner Of railroad securities, as a very large stockholder in the railroad with which I am connected. While I knew the feeling Of investors by reason of occupying the presidency Of one Of the trust companies Of this city, thereseemed to be no one taking the initiative at a time which I think we all feel is a crisis in the affairs Of the railroads. It seemed to me that the time had arrived when by concerted action those owning the securities Of the railroads should present to the public and those in authority the situation confronting the rail roads as affecting their credit and, consequently, their securities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.