Excerpt from Railroad Finance The purpose of this volume is to describe the methods of financing railroads in the United States. A preliminary draft was used as a series of lectures before the Wharton School of the University of Pennsylvania in 1901 and 1902. Later, in collaborating with Mr. Powell, the historic side of "Railway Promotion and Capitalization in the United States" was worked out for the Carnegie Institution and published by Messrs. Longmans, Green & Company. During the years which have followed, as time could be found, this collaboration has continued. Since the first two chapters of this volume traverse the same subject as the volume above referred to, use is made of some of the same materials. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.