Railroad Reorganization by Stuart Daggett

CHAPTER X

39 words  |  Chapter 11

CONCLUSION 334 Definition of railroad reorganization—Causes of the financial difficulties of railroads—Unrestricted capitalization and unrestricted competition—Problem of cash requirements—Problem of fixed charges—Distribution of losses—Capitalization before and after—Value of securities before and after—Provision for future capital requirements—Voting trusts—Summary. RAILROAD REORGANIZATION