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- Title
THE PURCHASE BY RAILROADS OF THEIR OWN OBLIGATIONS.
- Authors
SWAINE, ROBERT T.
- Abstract
The article offers information on the U.S. legislative bill called Omnibus Bill, which involves the support of Reconstruction Finance Corp. and the National Conference of Investors. It mentions that bill focuses on authorizing Reconstruction Finance Corp. of loans to railroads, which enable them to purchase their outstanding obligations in order to reduce their fixed charges. It informs that in the nation, stronger holders including banks and insurance companies hold their railroad bonds against their own dollar obligations of not immediate maturity.
- Subjects
UNITED States; COMPROMISE of 1850; LEGISLATIVE bills; RECONSTRUCTION Finance Corp.; UNITED States railroad law; OBLIGATIONS (Law); RAILROAD financing laws; RAILROADS; INSURANCE companies
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 3, p532
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189711