Railroad Reorganization [Paperback]

Stuart Daggett (Author)

Book Description

Publication Date: April 1, 1999

By examining some early major railroad reorganizations, this study looks at the causes of financial difficulties of railroads and alternative methods of reorganization.

Editorial Reviews

From the Publisher

This engrossing study of railroad reorganization looks at the financial history of the seven most important railroads which failed from 1892 – 1896, and one railroad that was reorganized in 1902. Their problems were strikingly alike. However caused, their financial difficulties were expressed in high fixed charges, and usually in excessive floating debts. The remedy sought was the comprehensive exchange of old securities for new. A study of alternative reorganization methods can indicate dangerous policies as well as those that are just and likely to be successful.

From the Inside Flap

This engrossing study of some early major railroad reorganizations reveals the causes of financial difficulties and alternative methods of reorganization in that industry. The problems of these railroads were strikingly similar. However caused, their financial difficulties were experessed in high fixed charges, and usually in excessive floating debts. The remedy sought was the comprehensive exchange of old securities for new ones. A study of alternative reorganization methods can indicate risky policies as well as those that are fair and most likely to be successful. This book makes for good study for those who are interested in historical bankruptcy events as well as bankruptcy principles. Railroad buffs will also find pearls of information here.

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Product Details

• Paperback: 416 pages
• Publisher: Beard Books (April 1, 1999)
• Language: English
• ISBN-10: 1893122107
• ISBN-13: 978-1893122109
• Product Dimensions: 8.6 x 5.5 x 1.1 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #7,548,370 in Books (See Top 100 in Books)