Railroad Reorganization

Railroad Reorganization
Author: Stuart Daggett
Publisher: Beard Group/Beard Books; ISBN: 1893122107
Description: Paperback - 416 pages (April 1999)
ISBN: 1893122107

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.

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