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Earning Power Of Railroads 1914, The By Floyd Mundy 514 Pages
The Earning Power Of Railroads 1914 By Floyd Mundy 514 Pages
Mileage, earnings, operating expenses, cost of maintenance, comparative statistics, dividends, etc
PREFACE
In the following pages we present important statistics and other facts relating to the earning power and to the securities of railroads, arranged in convenient form for ready reference. The statistics are given for practically all the railroads in the United States, Canada, Mexico, and other American countries, the securities of which are known, in a greater or less degree, to American Investors.
The Introductory Chapters explain in a general way the fundamental principles which must be applied by the investor to inform himself as to the value of the stocks or bonds of any railroad.
The Tables, which give vital statistics regarding earnings, mileage, capitalization, tonnage, etc., are designed to present the statistics mentioned in such a way as to permit of easy comparison between those of each railroad.
The Notes give information as to dividends and such other information about the railroads' capitalization, investments, physical and financial condition, etc., as appears to be of direct interest to the investor.
The official annual railroad reports have been used almost exclusively in the preparation of this book.
The one hundred and fifty-eight railroads, whose income accounts are given in the 1914 Edition of The Earning Power of Railroads, operated, in the period under review, nearly 250,000 miles of main track.
The method of presentation is, we believe, such as will readily commend itself to investors and others interested in the securities of railroads.
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