Timber Bonds by Thomas S. McgrathTimber Bonds by Thomas S. Mcgrath

Timber Bonds

byThomas S. Mcgrath

Paperback | February 1, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911. Excerpt: ... CHAPTER XII. BOND CIRCULARS. The circulars given in this chapter condense into small space the salient points of the issues they describe. The circular explains the leading features of the Trust deed, the nature of the security, the maturities, the stumpage, the mills, the shipping facilities, the investment of stockholders, the financial condition or the borrower, the condition of the titles, the sinking fund and other features. The circular carries in brief form the best selling arguments of the issuing house. The circular covers the soundness, earning power and desirability of each issue. The circulars given here are put out by the most reliable timber bond houses and represent the best practice in the business. The chief criticism that can be made against them is that they do not state whether the titles are passed on from abstracts or from the original records. In order not to change the form of a circular more than necessary each one is headed Exhibit No. 1 to 22 inclusive, and carries the firm name at its end. EXHIBIT NO. l. Farwell Trust Company, Chicago. The subscription list will open on November 14th, 1910, and close on or before November 17th, 1910. Price Brothers & Company, Limited. (Incorporated under the Laws of the Province of Quebec. Canada.) Capital, $5,000,000. Offer of £1,000,000 five per cent first mortgage bonds, forming part of an authorized issue (closed mortgage) of £1,232,876 14s. 3d., being the sterling equivalent at 4.86 2-3 of $6,000,000. Dated 1st November, 1910. Due 1st November, 1940. Interest payable May 1st, November 1st. The bonds will be issued to bearer in denominations of £200, £100, and £20; and are exchangeable for bonds in currency denominations of $1,000, $500 and $100. Exchanges will be c...
Title:Timber BondsFormat:PaperbackDimensions:128 pages, 9.69 × 7.44 × 0.27 inPublished:February 1, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217644864

ISBN - 13:9780217644860