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.
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Alfred D. Chandler, Jr. is Isidor Straus Professor of Business History, Emeritus, at Harvard Business School.
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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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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780331056341
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780331056341
Quantity: 15 available