CHAPTER XXVI.

OUR RAILROAD METHODS.

Deceptive Financiering.—Over-Capitalization.—Stock 241

“Watering.”—Financial Reconstructions.—Losses to the

Public.—Profits of Constructors.—Bad Reputation of

our Railroad Securities.—Unjust and Dangerous

Distribution of the Public Wealth

Fifty years in Wall Street · 第 26 / 105 章