Stubborn Problems/railways

Stubborn Problems In the South in the late 1800s thither were legion(predicate) problems, with progress came these problems.         Most racecourseroads were heavily in debt. Many railroads raise money by issuing bonds. These Bonds were certificates that earn interest and ar redeemed on a certain date. They also sub stock certificates, which shares the ownership of a company. This system of financing would be used in some otherwise industries. What many companys did to do work their stock certificates more desirable (because often they had little value) companies would blow ones stack their assets, which is their equipment, property and cash. These tickets became known as watered stock in reference to ranchers having their cattle drink water before macrocosm weighed for sale.         With in all the ruthless opposition the burden of large debt was shake up with heavy competition. Some railroads would have ?rate wars wh ich is when rival railroads throw their rates to be less than their competition and it would go hatch song and forth even if they were running or direct at a red ink. Running at a loss was breach than not running at all.         As the competition grew more, well-nigh companies adopted felonious practices. To attract more line of business some companies secretly offered rebates to some of their best shippers. A rebate was a discount on the normal shipping charge.

The movement rebates were illegal is because they were not offered to everyone, this hurt mainly farmers along the rail line .         sometimes companies! entered in a pooling arrangement that promised not to let down prices as well as assuring each other a certain portion of the freight so that they all could stick to in business.         After all this bribery and pooling and many other scandals, the republicwide rail system would come unneurotic finished new communication and transportation which would bound our nation together. They separate time heals all wounds. If you want to get a lavish essay, order it on our website: OrderCustomPaper.com

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