Financing the railroads by Julius Hall Parmelee

Cover of: Financing the railroads | Julius Hall Parmelee

Published in [Philadelphia .

Written in English

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Subjects:

  • Railroads -- United States -- Finance

Edition Notes

Book details

Statementby J.H. Parmelee ...
SeriesAmerican academy of political and social science. Publication, no. 1338
The Physical Object
Paginationcover-title, 8 p.
ID Numbers
Open LibraryOL16003017M

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If it had not been for the government financing the railroads growth would have been at a much slower pace. There was an incredible amount of greed and corruption involved. This was a well-researched and well-written book about that historical period of westward expansion/5(67).

The roles of the Associates and the Central Pacific’s construction of the western leg of America’s first transcontinental railroad are laid out in detail in the past three articles. While the Associates risked their personal wealth in accomplishing their task, the project required far more in resources than they could muster from individual investors.

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Recourse to Assets and Rail Project Financing One of the challenges railroads often face in raising private finance has to do with the relative attractiveness of fixed rail assets. The extent to which a private financier (e.g., a lender or a bank) can have (and would want) recourse to assets if a project fails is a material consideration.

The Railroad Rehabilitation and Improvement Financing (RRIF) Program Congressional Research Service 2 (FRA) as Class II and Class III carriers.2 Although there are now only seven Class Financing the railroads book railroads operating in the United States,3 there are more than short line railroads.4 The Class I freight railroads—large, profitable commercial entities—are able to financeFile Size: KB.

The purpose of this volume is to describe the methods of financing Railroads in the United States. A preliminary draft was used as a series of lectures before the Wharton School of the University of Pennsylvania in and During the Reconstruction era, Northern money financed the rebuilding and dramatic expansion of railroads throughout the South; they were modernized in terms of track gauge, equipment and standards of Southern network expanded f miles (17, km) in to 29, miles (46, km) in The lines were owned and directed overwhelmingly by Northerners.

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