Part of the question has to be which kind or class of stock, common or
preferred and among these some were issued with voting rights and some not.
Railroad Bonds were more valuable than stock. I can't say more about the Q, but
I teach students about the Rio Grande's finances.
In the late 19th into the 20th century RR Bonds were paid first in case of
bankruptcy and most common and much of preferred stock became worthless. The
history of the various branches of the Rio Grande being a prime example of how
a sharp dealer such as Harriman could make much more money out of financially
wrecking a railroad than out of trying to run one.
I imagine that the bondholders still get paid first.
Ed
From: CBQ@yahoogroups.com [mailto:CBQ@yahoogroups.com] On Behalf Of Randal
O'Toole
Sent: Monday, April 11, 2011 9:50 AM
To: CBQ@yahoogroups.com
Subject: [CBQ] Who owned Q stock?
Hi,
Everyone knows that after 1901 the GN and NP each owned about half of
the CB&Q. However, they didn't own 50 percent each; they owned 48.4
percent each.
I've always wondered who owned the other 3.2 percent and why they
refused to sell at the generous terms offered ($200 a share for stock
that had been selling for $140 a share). Recently, I acquired a list
of assets owned by James J. Hill at his death in 1916. It included
5,177 shares of CB&Q stock.
How many shares were outstanding at the time? What percentage of the
total is 5,177? Why did Hill keep 5,177 shares in his own portfolio
instead of selling them to the GN and NP?
I hope someone on this list can satisfy my curiosity about these questions.
Best,
Randal
--
Post Office Box 76
Camp Sherman, Oregon 97730
541-595-1460
541-588-0518 cell
http://ti.org/antiplanner
________________________________
The information contained in this communication is confidential. This
communication is the property of Heartland Community College and is intended
only for use by the recipient identified. If you have received this
communication in error, please immediately notify the sender and delete the
original communication. Any distribution or copying of this message without the
College's prior consent is prohibited.
[Non-text portions of this message have been removed]
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/CBQ/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/CBQ/join
(Yahoo! ID required)
<*> To change settings via email:
CBQ-digest@yahoogroups.com
CBQ-fullfeatured@yahoogroups.com
<*> To unsubscribe from this group, send an email to:
CBQ-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|