Jordan on Investments |
Contents
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Common terms and phrases
American amount annual assessed assets average balance sheet bond house capital cent certificate chapter Chicago classes common stock corporation cost coupon coupon bonds curities Debenture debt December 31 default Delaware & Hudson dividends dollars enterprise exempt expenses fact Federal gold Government gross earnings guaranteed holders income tax industrial interest Investment Bonds investor issued July June 15 Lackawanna Lehigh Valley Liberty bonds Liberty Loan lien LINES listed maturity ment mortgage municipal bonds obligations operating Pacific paid pany par value payable payment Pennsylvania percentage preferred stock premium principal profit public utility purchase quotations railroad Railway ratio received require revenue risk road savings banks securities sell share shows sinking fund stockholders surplus taxation tion traffic train mile transactions trust United States Steel usually valuation vestment yield York Central York Stock Exchange ΙΟ
Popular passages
Page 265 - For value received hereby sell, assign, and transfer unto shares of the capital stock represented by the within certificate and do hereby irrevocably constitute and appoint attorney to transfer the said stock on the books of the within named company with full power of substitution in the premises.
Page 191 - ... obligation shall be void and of no effect, otherwise to remain in full force and virtue.
Page 220 - All that can be required of a trustee to invest, is that he shall conduct himself faithfully, and exercise a sound discretion. He is to observe how men of prudence, discretion, and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds; considering the probable income, as well as the probable safety, of the capital to be invested.
Page 191 - To have and to hold the above granted, bargained, and described premises, with the appurtenances, unto the said party of the second part, and his heirs and assigns, to his and their own proper use, benefit, and behoof forever.
Page 301 - Extraordinary dividends, payable from the accumulated earnings of the company, whether payable in cash or stock, belong to the life beneficiary, unless they entrench in whole or in part upon the capital of the trust fund as received from the testator or maker of the trust or invested in the stock, in which case such extraordinary dividends should be returned to the trust fund or apportioned between the trust fund and the life beneficiary in such a way as to preserve the integrity of the trust fund.
Page 59 - July 1, 1920, and (2) the interest which would have been payable during the fiscal year for which the appropriation is made on the bonds and notes purchased, redeemed, or paid out of the sinking fund during such year or in previous years.
Page 134 - Passenger and freight traffic are both measured in terms of density. Passenger traffic density is the number of passengers carried one mile per mile of road. Freight traffic density is the number of tons of freight carried one mile per mile of road. Passenger traffic density is determined by multiplying the number of passengers carried by the average distance each traveled and dividing by the number of miles the road operated. During 1917, Lackawanna carried 25,307,161 passengers an average distance...
Page 220 - ... exercise the judgment and care under the circumstances then prevailing, which men of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital.
Page 265 - The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular without alteration or enlargement, or any change whatever.
Page 300 - NE 723, 823], is an excellent example of the application of the rule which there was stated as follows: "1. Ordinary dividends, regardless of the time when the surplus out of which they are payable was accumulated, should be paid to the life beneficiary of the trust.