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The Metropolitan Debts of Boston and Vicinity: Sinking Fund and Serial Bond Methods Compared, Proposed Legislation (Classic Reprint) - Softcover

 
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Excerpt from The Metropolitan Debts of Boston and Vicinity: Sinking Fund and Serial Bond Methods Compared, Proposed Legislation

It is said that in the United States the aggregate of municipal debts now rivals the national debt in magnitude.* The problem of obtaining revenue for local debts, is a more complex and difficult one than that for the national debt. This disparity has in recent years become so serious as to demand a readjustment of the sources of public revenue.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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About the Author

Alfred D. Chandler, Jr. is Isidor Straus Professor of Business History, Emeritus, at Harvard Business School.

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  • PublisherForgotten Books
  • Publication date2020
  • ISBN 10 0331056348
  • ISBN 13 9780331056341
  • BindingPaperback
  • LanguageEnglish
  • Number of pages90

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Alfred Dupont Chandler
Published by Forgotten Books, 2020
ISBN 10: 0331056348 ISBN 13: 9780331056341
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Paperback. Condition: New. Print on Demand. This book deeply examines the municipal debt issues facing Massachusetts circa 1904. It compares the Sinking Fund and Serial Bond methods of extinguishing public debts, offering the argument that Serial Bonds represent a better, safer, and cheaper option for municipalities. Highlighting the risks and complexities of Sinking Funds, the author contends that Serial Bonds present a superior mode of financing public debts, citing historical examples of their successful application in Boston and other Massachusetts municipalities. The book uses actual case studies of bond programs and their outcomes in Boston and the broader Metropolitan District to illustrate the dramatic difference in interest, cost, and management between the two methods. This book should appeal to anyone interested in sound municipal finance and the history of public debt management in Massachusetts. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780331056341_0

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Alfred Dupont Chandler
Published by Forgotten Books, 2018
ISBN 10: 0331056348 ISBN 13: 9780331056341
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780331056341

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Alfred Dupont Chandler
Published by Forgotten Books, 2018
ISBN 10: 0331056348 ISBN 13: 9780331056341
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780331056341

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