Ka Leo o ka Lahui, Volume II, Number 433, 15 ʻApelila 1892 — SIX HONDRED MILLIONS. [ARTICLE]

SIX HONDRED MILLIONS.

The following from the Rail\v ]j Ajt (Chicago), Feb. 26, 1892, headed lm ßāil"*ay. C;ipitalization, M bring» tb view indwd, as it ealla ifcA u very womi«rf ji" state of thin£s: —

! l 'Very wonOerful bas tve:> the morease in tbe cap:i3lization, of single ra»hvay conipanies n few year». It is not so vory long since * 50,000,000 was cons'ulere(l an extraordinarv ainounl *.u 'oe represented in a rail;Wi!y property, aiul n'luni a low yc :irs a t £jo one of the gr<»ateat c:>n3olid:itc*l' its 'indctelness i:ito u bond i«?sue of all Ihe worKl won<leri>d. But now o»« j>!an ior r<»org,vnizing tlie Ric-iuioni v West Pv>int Ter:ninal C'jiit an of *• >0 ! )i 33• v.• matter of' current ta!k. This Midv.-u'y. however, is !iat c>nfined t > rn:lway onipaniea. but. eharact :rhcs ail fi-1 nanoinl imTiii? i- merely i tfie ti*y of law th;ngB.'" j

Thiā wouM -be "wonderfnr' i cvon ii it wa* connne(l to j raihvay opcrations; hit wh >n. us the Aw aaserts, ifr-"ehn racteri2es all tiintcr(?sts. M :t i* :noro str:k'ng,Fit!ll.. Who, even a fcw yeaiB ( <ir \'i:ij»-'.l ;!nt s?ueH cond:tions: c-.:ild arlw? It :s sinjply "the <!iv -of- :i! r;g:>. M it : 4 -;iioro: i: vii • <!a v r.:' . thin.g#:-. • ;>r<n-y :k. < vx, n put on rcvor<l »Vr our ~::,-tri:. *Īv?:ī % 'i ,t.hat jisst :rc: t i ■r:ciii:ien w vio i;;! -">r< ! mi :ocrrt!; r ilf t:hey !u <!::* v > tO".v,-' hy ji; «Jt s':ch t;^»*'-not-\I i.bovt\ !im-v u! : t ; >: "„«»• iio:.c o—/v0 —/v •. . . !