Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint) - Hardcover

Name: Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint)
Author: Franklin Benjamin Gowen
ISBN: 9780331601398

Franklin Benjamin Gowen

9780331601398: Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint)

Hardcover

ISBN 10: 0331601397 ISBN 13: 9780331601398

Publisher: Forgotten Books, 2018

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Understand the Philadelphia and Reading Railroad’s financial challenge and Gowen’s plan for reorganization.

This edition presents Franklin B. Gowen’s formal assessment of the company’s finances and a proposed path to restore stability.

This document combines a detailed balance of assets and liabilities with an outline for restructuring. It frames the receiverships of the two linked companies as a single, consolidated view and explains how fixed charges, earnings, and potential coal resources affect a plan to regain solvency.

Includes a consolidated financial picture, with assets, liabilities, and balance figures drawn from 1880 data
Explains fixed charges, rentals, sinking funds, and how they impact future earnings
Describes coal assets, land leases, and regional production notes that influence value
Offers recommendations and term adjustments aimed at securing better terms with bondholders

Ideal for readers of historical corporate finance, railroad industry history, and 19th‑century American business restructuring.

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