Stubborn Problems/railways

Stubborn Problems In the South in the late 1800s thither were legion(predicate) problems, with progress came these problems.         Most aimroads were heavily in debt. Many railroads raised money by issuing bonds. These Bonds were certificates that earn interest and ar redeemed on a certain date. They also metamorphose stock certificates, which shares the ownership of a company. This system of financing would be used in many another(prenominal) another(prenominal)wise industries. What many companys did to ferment their stock certificates more desirable (because often they had little value) companies would magnify 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 being weighed for sale.         With solely the ruthless opposition the burden of large debt was frustrate with heavy competition. Some railroads would have ?rate wars which is when rival railroads barf their rates to be less than their competition and it would go screen song and forth even if they were running or in operation(p) at a harm. 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 indicateing some companies secretly offered rebates to some of their best shippers. A rebate was a discount on the normal shipping charge.

The reason rebates were illegal is because they were not offered to everyone, this hurt m ainly farmers along the rail line.  !        sometimes companies entered in a pooling arrangement that promised not to come 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 farmingwide 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

If you want to get a full essay, visit our page: write my paper